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Partysasquatch, after reading the Private Equity Placement Offering Outline you posted (Post#82328) I cannot find a specific incident where GSC and Aurus Corp. are claiming assets from the same location. While I do find the BOD of GSC suspect, I don’t see anything to support the claim that Aurus’s assets are going to be moved to GSC or lost in any manor. What is it I am missing? If you don’t want to post publicly, you may email me at m.juetter@yahoo.com
Thanks,
Crazy
(reposted)
No, those are contracts to do the audits.
Crazy
Partysasquatch, after reading the Private Equity Placement Offering Outline you posted (Post#82328) I cannot find a specific incident where GSC and Aurus Corp. are claiming assets from the same location. While I do find the BOD of GSC suspect, I don’t see anything to support the claim that Aurus’s assets are going to be moved to GSC or lost in any manor. What is it I am missing? If you don’t want to post publicly, you may email me at m.juetter@yahoo.com
Thanks,
Crazy
Point taken. I hope you are correct.
Not today! but yes, I think it will sometime 1st quarter 2008, January probably. The last PR got stomped on faster than I expected. There will be more to come. IMO
Crazy
mr_bitterness, did you come up with your nik before or after buying AURC? Just curious. I'm not satisfied with my DD on this new PEP offering yet, but so far I agree with Moldy, Dovgan's rep is not suspect. So far only his judgment in choosing his comrades is suspect. It doesnt suprise me to find someone of Dovgan's status involved in many companies and BODs.
Crazy
ckirbygo, we don't know the terms of the alleged bond. They may believe the bond money is less expensive than spending the cash now. I.e. their cash can provide a higher ROI than the interest they will pay on the bond.
Crazy
DI, ty for restating.
DI, Care to take a guess at Thursday's closing share price? Just a guess for fun?
Crazy
It isn't that simple but I still think around $6.00/sh is close
DOS, will you PM or email me at yeiter@netscape.net and tell me why I'm getting deleted lately. Specifically, my last post? I must not understand the TOS. Thanks
Crazy
I thought the same at first. I think now it is just that the managements' pride has been hurt.
Crazy
I will guess .11 by close on Thursday. In the long run? That depends, we need published financials and more confidence in the current share structure. I still believe there are less than 4 mil. shares. Fair market value was 3.25/share in April assuming the company's PR were honest. Quick and dirty math says probably around 6.00/ share by Feb. 2008 assuming the company's new PR is honest and reasonable cost of sales. I'm glad I didn't get scared out.
Crazy
PS No meeting Dec. 7! I'm not crazy!
benzdealeror2, it's cheaper to loose the deposit than to travel from Russia too. For that matter it's cheaper to loose the deposit than to travel from almost anywhere. lol. Rob Zombie is good too. Did you see his version of Halloween? I took my preteens to see it. Wow that was awkward!
Crazy
And let’s look at THIS again-
September 18, 2007 - “Furthermore, because of the difficulties that resulted from the issue with the transfer agent, the offer submitted by Kartex to purchase all the outstanding shares for $.55 per share is extended to permit the shareholders to vote.”
I take from this that Aurus Corp intends to permit the shareholders to vote. I don’t see any exclusions, I can’t establish that only “large”, or “special” shareholders shall be permitted to vote.
September 26, 2007 – “AURUS CORP (PINKSHEETS: AURC) is pleased to announce that the general shareholders meeting shall be held on November 9, 2007 at 2:00PM at the Sheraton Hotel, 870 Williston Road, Burlington, Vermont.“
I take from this that Aurus Corp intends to permit the “general” shareholders to attend (and therefore vote). The use of the word “general”, which means “common” discredits the theory that “only large”, or “special” share holders are wanted.
Also, if a precious few hold such a majority of shares that it would be pointless for the rest of the share holders to vote, it follows that there would be no need for a share holders meeting and no need for a vote.
Crazy
optiskeptic, is this a lesson in contract law? The spirit of this PR is clear. The author intended for the reader to deduce that there will be a vote on the offer that was submitted by Kartex to purchase all the outstanding shares for $.55 per share at the share holders’ meeting. This objective certainly cannot be met if the share holders’ meeting is Dec. 7.
Crazy
True the NET is unknown, but it has to be at least 200/oz.
The meeting never started therefore, it hasn't been adjourned.
Crazy
It doesn't even matter now if you are correct or not. How many people will plan to attendd under these circumstances? I also doubt that it is even legal to conduct a vote at any meeting held Dec. 7 now that the "unimportant" share holders have been excluded from the proxy. Again, a reasonable person can look at these circumstances and conclude that there will not ba a share holders meeting on Dec. 7.
Crazy
"if your a sharholder I'm sure you know by now where the meeting will be held..." - I just can't make the leap. They have a conference room reserved for Dec. 7 but I haven't seen any thing to suggest that this room is for a share holders meeting. I guess that on Dec. 8, or sometime thereafter I will be proven a fool for not believing.
I look forward to that.
BUDDYRICH, there isn't any way this meeting place and time can be confirmed through Aurus Corp. is there?
Sanity check! GLA
Crazy
I can’t tell who’s posts are sarcastic anymore. Except emilyrobert, she’s dependable.
lurker1, I believe that $2.35 is a fair pps for AURC, assuming that the company’s PRs, published financials, and web site are truthful and telling the whole story. But I think you can forget about up listing - the actual pps is under $0.05. Also, there is a supposed buy out offer for $0.55/share and no hint from Aurus that the offer has been amended. You can dream I guess but when you post you should try to stay within the limits of reality.
Crazy
Islandinthesky, not everybody has an online discount brokerage. With five working days left before a meeting with a supposed vote and no proxy statment delivered yet, It's very optimistic of you to believe this is going to happen!
If by some miracle there is a share holders meeting with a vote on Dec. 7, some where in Burlington, Vermont many share holders will be cheated of their “right” to vote and any chance to attend.
I'm starting to think I should address my posts to Crazy rather than sign them Crazy.
Crazy
Islandinthesky, "The common shareholder of a company has the right to vote and the right to attend, but it is not critical we all show up." how the heck do you intend to vote? Do you have a proxy? No. Let's get real here.
Crazy
Dos, you can tell me what happened at this meeting then. I'm staying home.
If there is a meeting on Dec. 7 at the Best Western, we don't have any reason to believe that the meeting is open to share holders.
Did you get a proxy? No. Did you get invited to show up at the Best Western at any time on any date? No.
They reserved some rooms, so what? They wanted to be sure to have rooms IF they were ready for the share holders meeting on Dec. 7. They aren't ready, that is obvious and all the optimism in the world can't change that.
Put the meeting off or cancel it, I don’t even care. I’m just dumbfounded that reasonable people think the “share holders” meeting is still on for Dec 7.
Crazy
Yes DOS, following your logic I'd show up at the Sheraton Hotel in Burlington, Vermont on Dec. 7, not the Best Western! I'd be in the right city, wrong hotel. That doesn't work.
The Co. didn't PR anything but a date. There is no "share holder" meeting on Dec 7. I'd like to be wrong but I don't think I am.
Crazy
I don't care who says it. Unless Aurus PRs it or sends me a personal confirmation, I won't believe there will be a share holders meeting. I'm sure the room is booked, yes, but it doesn't follow that there will be a SHARE HOLDERS meeting there. They likely booked the rooms with the intent but the time isn't right. The share holders meeting will not be Dec. 7.
Crazy
Sorry, I don't understand the question.
"It doesn't sound like good planning to me." - Actually there isn't a plan at all. Reading all of this drives me nuts! It is simply obvious that there won't be a 'share holders' meeting on Dec 7! Share holders aren't invited to whatever is going to happen on Dec 7.
I am long, holding plenty of shares, and optimistic about Aurus's future, but no company, not even a pinkie would hold this meeting after not publicizing the location and time of the meeting.
There is no proxie, no vote, no notification of the location and time of a share holders meeting, and no share holders meeting on Dec. 7!
Where Aurus is concerned GLA means GOOD LORD ALMIGHTY!
Fed up Crazy
rockawayrich, I wish you the best with your health and every other respect. Your corporate story sounds very familiar. You aren't by chance in Wichita are you?
Crazy
emilyrobert, "I'm having trouble understanding you Latka." is the funniest post I have ever read on this board. I was laughing too hard to post until now. I'm still grinning though.
Crazy
DOS, the SEC will not reveal anything about a company unless there is an investigation that has already been made public by some entity other than the SEC.
I know for a fact that the SEC has complaints against AURUS. I personally have made a complaint. My complaint is related to the fact that AURUS will not answer the phone or respond to letters or email. All we can say for certain is that there hasn't been an investigation that has been made public.
I think you know I am in this for the long haul, but right is right.
Crazy
emilyrobert, maybe the translator has to learn English or Russian prior to translating the proxy. lol then it may take months.
Crazy
pbr,
Probably most people with conventional jobs don't have time to watch bulletin boards all day. They invest through a 401K. I doubt any 401K has AURC shares.
BTY, is pbr for Pabst Blue Ribbon?
Crazy
I only said I find it HARD TO BELIEVE <that the brokerages would do such a wreckless thing>, I didn't say THEY DIDN'T do it.
But now that you ask, it is possible that not everyone will post their complaints on this board. I know 5 people personally who are invested in AURC that have never even read this board (that is 100% of the people that I know personally who are invested in AURC). IF it is a fact that everyone owning on Oct. 1 did get did the dividend, another possiblity is that there was no dilution after the date of record (I know you were told there was). Of course a third possibility is that you were told correctly in both cases. If this is so, I'm glad I don't own or work for one of those brokerages.
Crazy
The divy only applies to the shares in existence on the record date (February 15, 2007), and whoever owned those shares on the EX date (October 1, 2007) receive the divy.
Whoever shorted the stock will be responsible for the divy on the shorted shares. That is not the AURUS. However, only AURUS can authorize the release new shares into the market and AURUS most likely cannot (and would not) dilute the stock to cover these short positions. Remember, there is a pending offer based on the O/S of the date of the offer. Because of that people who own shares that have been shorted likely won't get a dividend (those shares don't really exist and the divy goes to whomever held the shares on the EX date that were used to cover the short position.)
If the brokers applied the divy to too many shares as DOS suggests (see post 77224 and others) the extra shares will have to be retracted or dealt with between AURUS and the offeror because again, the offer was based on the O/S of the date of the offer. (I know someone whom DOS trusts told him this happened but, I find it very hard to believe.)
Again, the divy only applies to share in existence on the record date and whoever (truely, physically) owned those shares on the EX date receive the divy. If you owned shares on October 1, 2007 that weren’t short, and those shares existed on February 15, 2007, you should have received a dividend.
I don’t work for the SEC so while I believe this information is correct it is imo only.
Crazy
marks37, I hope you are kidding. Never borrow to invest in a pinkie. Take what you can this time and you will have more to invest next time. Just about everyone here has had at least one sure winner go belly up! There will always be another opportunity.
Crazy