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Its a combination of the company not being proactive with regard to their stock and the market makers taking advantage. Take care of the first problem and the second will resolve itself.
The market cap of the float is less than 400k. I bet we collectively own at least half the float and I bet insiders own the rest. If 20 - 30 investors bought in with $3k each - the stock would be in the pennies, not including the short squeeze effect. In order to attract 20 - 30 investors we need some intial numbers and an investor relations campaign. If 50 investors came - the price would blow through the roof. Do you see where I'm going with this? How do we make management aware of this?
They were probably disgusted yesterday and now they need a break.
Very good. The more people that contact them - the more it will sink in. They have been ignorant and you have made them accountable. Nice!
ogclip - hopefully they will respond to our many e-mails. I think they are very busy trying to produce some numbers instead of pumping their stock. Good. But they need some sort of investor relations and they need to inspire confidence. Right now they are simply ignorant.
smilin - I sent many e-mails to Delgato pleading him to get more involved with the workings of the pinksheet market. A company can be driven into the ground if they dont acknowledge certain realities. They sincerely think that a few pr's will take care of the share price. I don't agree. At the very least they need an Investors relations firm, even on a part time basis. If they need to sell a few shares for acquisitions or whatever, they need a much higher stock price to accomplish anything. They will be releasing a pr within a week? or so a few have been told, that will give specific numbers. After which the share price may move up a little. Delgato may understand at that point that he needs to get more involved with share price/structure and do a NOBO. I will not buy another share until they get on the ball - and I'm not the only one with this attitude.
How transparent can they be - without getting caught?
0.0014 200000 OTO 09:59:14
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0.0014 68750 OTO 09:39:02
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10,000 shares moved the ask up. nice!
From the PR:
"There are many tunnels that were already excavated during the original invasion of artisan miners, which will allow for easy access and initial extraction of materials."
This is big. Why? They dont have to build tunnels to get production going - which means we get numbers soon.
I dont think this is dilution either but the company is at fault for not addressing the share price. I have e-mailed them many times.
AGREED - lets go: info@alalacran.com demand some action!
Am I the only one e-mailing the company or do you guys like what you see?
You have a/s as 900 on the ibox. Is it 800 or 900?
Based on the i-box numbers - they have over 200 million in the ground but that was only 10% of the property. I would like some re-clarification from the company as to what they are projecting from production rather than what's in the ground. Also gold is much higher than it was when they did the geological survey.
They said we would have more than 1 pr by the end of November.
sorry - I cant send private messages - response from an e-mail: "Our shareholders must realize that the Company is in the process of completing several acquisitions as well as looking into opportunities where EAGM will become a partner in several operating mines. Therefore, the Company would like to strategicially position itself to take advantage of these opportunities as they present themselves." I am expecting a pr stating the 2 new acquisitions (producing mines) we already know about and a possible joint venture.
you should try e-mail instead. info@alacrangold.com They are down in columbia. The number you called is in canada. No sales pitch - but there is a huge short position on this stock and we are expecting some major covering with the next pr.
Wiseman - to add to your statements, they should understand what drives stocks and when to step in and fight manipulation. It also gives investors confidence - as you said.
You should ask Redsky - the next time he shows up here. He has been to the EAGM headquarters in Columbia. He probably knows the woman who answered.
The company sold some shares but the market makers took full advantage and shorted it on the way down. Like I said - lets put some pressure on the company to stand up now and order a NOBO.
I agree 100% - the company needs to address the stock price. They claim the stock price does not reflect the true value of the company. If that's the case then DO SOMETHING ABOUT IT!
I've sent numerous e-mails. Maybe the rest of you can follow suit and list your concerns - so I dont look like the only complainer.
No point jumping ship at these levels. Eventually - news will come.
I guess it's your turn today to deal with the babbling moron.
likewise - enough bashing for one day.
If your perception is as bad as your English - I'm not concerned at all.
info@alacrangold.com - use it. Let them know that the stock price is an issue that needs to be addressed. I feel like I'm the only one.
It wouldn't hurt for all of us to e-mail them. Let them know that they need to step up and address the share price. This is unacceptable. I sent mine today!
There is an ihub board dedicated to companies that order a nobo. I would like to see our company on this as well.
http://www.investorshub.com/boards/board.asp?board_id=7208
Is this the week we get some direction?
Trader - you may be correct but what is your interest in being here since beginning of July? 99% of your posts on I-Hub are on this EAGM board. Just curious - why invest time in something you have little interest/faith in?
From this e-mail response - I can see why we're all here:
"Our shareholders must realize that the Company is in the process of completing several acquisitions as well as looking into opportunities where EAGM will become a partner in several operating mines. Therefore, the Company would like
to strategicially position itself to take advantage of these opportunities as they present themselves."
Thursday Nov 9 - another day closer to news. Let's go El Alacran - show us why we're here!
"Our shareholders must realize that the Company is in the process of completing several acquisitions as well as looking into opportunities where EAGM will become a partner in several operating mines. Therefore, the Company would like
to strategicially position itself to take advantage of these opportunities as they present themselves."
sean - they didn't take over the shell until 6/06.
There are 2 new aquired producing mines and a new joint venture. Also - intial independant geological reports from their current mines claim to hold over $200 million in minable reserves based on a 10% cross section of their proerties. They have only scratched the surface. Now - it's
just a waiting game for us.
You can count on a couple of aquisitions with current production. It's a done deal at this point.
Look how the market makers shorted from 0037 down to 0032 - soo obvious - and they continue to get away with it. Short at 0037 -cover at 0035, short at 0035 cover at 0032. AMAZING!!!
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0.0035 100000 OTO 09:55:31
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Correction: A market shorted 200k at 0035 and covered at 0032. I hope this gets resolved.
When you saw 5000 at 0032 and then 5000 at 003 - that was a short by market makers. They short, then cover. Mirror trades have to be at the same price. Many of those trades were at different prices hence - naked shorting. Our day will come.
In fact they have addressed the lack of a pr firm. They are returning e-mails quicker than any pr firm I know of....