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Absolutely agree, I played the SIX and CIT BK's and they both did pretty well afterwords. May be a chance to recover some losses.
No need to be nervous about the 14th, its just a status hearing where everyone updates the court on where things stand.
A MAJOR problem was they ran out of money and could not purchase the needed reagents to properly process the ore.
I will get you a better answer on this, the 2%/1% was just for an example, not sure those are the exact numbers.
We have folks working on that right now, pretty sure its not a matter of "if" it can be tweaked but just "how"
As I understand it, the con IS salable, and indeed we were selling it, and will sell the 100 tons they still have. The problem was (or one problem was) that we should have been getting more out of the ore that was being fed through the mill. They were feeding some 2% ore, yet only recovering as much as you would expect from 1% ore is as about as simply as I can state it. Does that make sense?
Sorry I am a day late on this.
The con is running around 23% copper which is around 460 pounds per ton
20 oz silver per ton
.015 oz gold per ton
I will let someone else do the math.
Cant comment on ongoing discussions, but it is the job of the ESHC to look out for the interests off ALL shareholders, and large percentage do have Utah addresses.
I jumped in today with a little fun money to see what the next month brings.
LOL, Well I am taking quite the risk as well. But yes, if it goes our way I will have a nice day. LOL
QUOTE:
____________________________________________________________________
2. Large stakeholders selling positions
____________________________________________________________________
Any evidence of this??????
Only 20 million shares have traded all week.
I own many times that amount, as do all the other members of the ESHC
NONE of us have sold a SINGLE share.
Take that for what you will.
This company knows exactly how to mine, problem is they know how to mine the public and nothing more.
The 19th shipment is expected within a couple weeks, looking to add a few shares at .10
Mr Tortorice seems to be looking for a job
http://www.resumebucket.com/jet911turboporsche
He brags about Hot Food Vending on his resume, and a quick search comes back with legal trouble he fails to mention. LOL
For Immediate Release: May 23, 2002
Commission Halts Unregistered Activity
By Automated Hot Food Systems, Inc.
Harrisburg, PA, May 23, 2002 - - To halt the offer and sale of
unregistered
securities in Pennsylvania, the Pennsylvania Securities Commission
issued a
Summary Order to Cease and Desist against Automated Hot Food Systems,
inc.
(Automated), Richard O'Connor and William Chris Moore. Automated is
located
in Irvine, California.
In April 2002, Automated, through its representatives, offered for
sale
Convertible Secured Promissory Notes (Notes) in Automated to at least
one
Pennsylvania resident who had no pre-existing relationship with the
Respondents and who did not have sufficient experience in financial
matters
to be able to evaluate the merits and risks of the investment.
Offering materials indicate that Notes are available at a minimum
investment
of $25,000, for a total offering of $500,000.
The Commission directed the respondents and affiliates to stop
offering or
selling the Notes in the Commonwealth. The Notes issued by Automated
are
securities which are not registered under Section 201 of the
Pennsylvania
Securities Act of 1972, and no exemptions from registration are
available.
Respondent Moore represented for compensation Automated in the offer
and
sale of the Notes while he was neither registered in Pennsylvania, nor
exempt from registration as an agent.
Any further solicitations or sales made by these respondents or their
affiliates in Pennsylvania will constitute further violations of the
1972
Act. Any person who is solicited by or has information about the
companies
and individuals is asked to immediately notify the Pennsylvania
Securities
Commission by calling the toll-free line 800-600-0007, or, in
Pittsburgh:
(412) 565-5083 or, in Philadelphia: (215) 560-2088.
Contact:
Aimee A. Toth, Counsel
Division of Enforcement, Litigation & Compliance
412/565-5083
http://answers.google.com/answers/threadview?id=139493
This is going to $65 a share!!!!!!!!!!!!
Its in a sticky post, it must be true!!!!!!!!
and this from the Ibox
'TheWallStBull' has DONE SUPERB DD AND THERE IS MORE TO COME!!!!
WE TOLD YOU IT WAS ONLY GOING TO GET BETTER AND IT JUST DID!!!
EVERYONE GET READY FOR AN EVEN MORE AMAZING WEEK COMING UP!!!
The DD detectives have done all the work for you, how dare you question the DD detectives?????????
Go away with all your so called facts.
LMAO
The Equity Committee will be putting out another update to shareholders after the Dec 14th status hearing. Will try and put out a brief update in the next few days, but its tricky before the 14th when stuff will become public record.
Refer to some of the early filings in the case that state that they have 111,054,000 pounds of copper already in the Measured Resources category and another 208,034,000 million pounds of copper that are ready to be moved into the Measured category. That asset alone gives them 319,088,000 pounds of copper. At an 85 to 90% recovery rate this would produce a minimum of 285,000,000 pounds of copper. This is just from a very small % of the property, not counting gold or silver. Do the math.
http://www.copperkingwesternutahminingrestructure.com/Dkt%2021%20CK.pdf
I will have to get back to you tomorrow on that. I know they just got some assay results on it.
As I understand it, its not because they dont want it, its because of the way the smelter operates, apparently they have to shut down and make adjustments for different loads/types of con from various places. If they have someone delivering 10,000 tons, its hard to justify stopping and changing stuff up for just 100 tons.
OK, made a phone call to management, got an answer. We (the company) CAN sell the con they have, but they are having a tough time finding a buyer for just 75-100 tons.
Also, our silver content runs around 20 ounces per ton of concentrate.
(How is that for service) LOL
Oh I have posted, including links and comments on various articles talking about the commons being canceled, but they got deleted. Go figure.
Agreed, I think SAEI has enough "issues" on its own. LOL
I was simply answering a question from donnap, That is all
QUOTE
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Answer this anybody. Did any of you see any promotions for SAEI on any tabloid??? I sure didnt and when I emailed one of them tonite and asked it they thought that SAEI was a real company they would NOT answer my question......TWICE!!! They only said that is "When a stock runs from .05 to .50 in a week whether it’s real or not requires you to take your profits if you got it low." Sounds kinda fishy to me. So guys, plz let me know if you all saw any promotions, plz.
-------------------------------------------------------------------
I did not look up each one to see if they were compensated promotions, but the "tabloids" have indeed mentioned SAEI
Search Results for 'saei'.
Promotion(s) found with a match:
01. Supatcha Resources Inc. ( SAEI) promoted by Bull In Advantage, LLC on '12/6/2010'
02. Supatcha Resources Inc. ( SAEI) promoted by Bull In Advantage, LLC on '12/3/2010'
03. Supatcha Resources Inc. ( SAEI) promoted by Bull In Advantage, LLC on '12/2/2010'
04. Brocade Communications Systems Inc. New (SAEI) promoted by The Momentum Traders Network on '12/1/2010'
05. Supatcha Resources Inc. ( SAEI) promoted by Bull In Advantage, LLC on '12/1/2010'
06. Supatcha Resources Inc. ( SAEI) promoted by Bull In Advantage, LLC on '11/30/2010'
07. Supatcha Resources Inc. ( SAEI) promoted by Bull In Advantage, LLC on '11/23/2010'
08. Supatcha Resources Inc. (SAEIE) promoted by Bull In Advantage, LLC on '11/5/2010'
09. Supatcha Resources Inc. (SAEIE) promoted by Bull In Advantage, LLC on '11/3/2010'
10. Supatcha Resources Inc. (SAEIE) promoted by Bull In Advantage, LLC on '11/2/2010'
11. Supatcha Resources Inc. (SAEIE) promoted by Bull In Advantage, LLC on '11/1/2010'
12. Supatcha Resources Inc. (SAEIE) promoted by Bull In Advantage, LLC on '10/29/2010'
13. Supatcha Resources Inc. (SAEI) promoted by Hotmicrocaps.com on '10/5/2010'
14. Supatcha Resources Inc. (SAEI ) promoted by Whisper From Wall Street on '9/13/2010'
15. Supatcha Resources Inc. (SAEI) promoted by Wall Street News Alert on '4/28/2010'
16. Supatcha Resources Inc. (SAEI) promoted by Wall Street News Alert on '4/8/2010'
I am pretty sure we can sell it, I will get you a definite answer tomorrow.
lol, I called a trainwreck waiting to happen and got covered up with some very nasty PM's.
I have been saying the same thing for weeks, the truth does not seem to matter on this board.
It was like pulling teeth to get the last one out, I will see what I can do, but no promises. But I assure you guys that we have some very talented people working long hours on the project.
I jumped in at .032 this morning to play this silly game.
They deleted mine as well,all sorts of stuff out there showing the commons are going to be canceled.
Common sense says NO way that happened.
Pay no attention to all that, just a shorty or evil market maker who is trying to scare you out of your shares. This is going to $500 a share tomorrow You wont get my shares shorty !!!!!
ROTFLMAO !!!!!!!!!!!!
Great job ND
All IMO of course. LOL
Excellent ND,person marked you.
Perhaps he "served" some banks with sprinkler systems that "managed" to protect the records??? LOL
I am sure its all just coincidence and there are indeed records out there somewhere from those "Fortune 100" companies. LOL
From that article on S/A
"Common equity will be canceled"
So you think Scottrade who does BILLIONS of trades for TRILLIONS of dollars is going to risk it all for a puny little transaction on a pumped up mining stock???????? Really????
Great discussion here guys, personally I hope the SEC finds something else wrong with the whole Monk fiasco other than the FLD concept. I just cant conceive of it being illegal to choose NOT to sell a security.
Just for clarification, I am NOT suggesting anyone invest in Grand Central, I don't even know if they are public. Simply using a picture from their website that I thought gave a pretty good view of the CPRK property. Thats all.
This is from a company that has property near us, check out this link and look at the 7th picture. Gives you an idea of how the mines are laid out. Pretty neat. It also gives you an idea of just how large an area we have,when you look at the small circle that is the cavemine project
http://www.grandcentralsilver.com/exploration_projects/cave_mine_property/
slojab, you can short pinks via Interactive Brokers, in fact you can actually short stocks that are on the Reg SHO FTD list, you just have to keeping checking. Here is a link to ones on the list that are available.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSHO&tag=Reg%20SHO&ib_entity=llc&ln=