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I will no longer reply to you as you are simply waste of my time.
Your arguments are ridiculous. The same way you posted your wager of you have that I am short, you'd be just as wrong as you were previously when you said that the passing out of the marketing brochure by babes out on Wall St. didn't happen.
Clearly you have a misunderstanding of what "low price" means and I'm not going to spend my time explaining the basics of valuation to you.
I suggest you also have a look at PAIM - it will be very enlightening for you.
I will no longer reply to you. You continue making fantasy arguments completely contradictory to what the company has stated in its SEC filings.
If you believe issuing more shares for sale to the public is such a wonderful thing, I suggest you review what's been going on with PAIM - that is the future you have to look forward to.
but frankie - if those shares are issued, do you seriously believe the stock will go up? They've told you they are going to issue them - there is no question about that because they need to raise money - they told you that too. Again, let's get out the 2x4 - does the press release need to be made before you can see what will happen?
Show me a pinky with 3 billion shares outstanding (authorized and issued) and I'll show you a stock trading under 10 cents/share. You're going to see the same here. Your shares are not going to become more valuable as more shares are issued.
"Also, maybe their plan is to do a financing as you say."
What "as you say"? That is directly from the 10Q - I gave you the link. That is what they have on file with the SEC. New financing by selling shares. They have no other way to raise money - that is fact, that is what they have stated.
"Maybe they haven't done one yet because they think the stock price is too low."
Ya think? Do you need to be hit in the face with a 2x4 to understand? I thought it was already extremely clear:
1. Go to 500,000,000 shares
2. Hire CEO to "raise investor awareness and public financing".
3. Pay for marketing campaign to pump up the stock price
4. Sell new shares once the stock is higher.
"As far as the CEO. I like the fact that the CEO has the ability and experience to raise funds and raise awareness."
Is it any surprise to anyone that you feel that way?
Qualifications to be a CEO
Blair Naughty has 14 years of experience in the securities
markets as a trader, broker, and investor relations
representative.
I suppose that's ok if your mandate is "raise investor awareness and secure financing".
How many jobs does Naughty have besides Raven? And he's got Michaud and Stephenson currently over at Cloudbreak and they're both on the board of Raven?
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 11, 2007) - Cloudbreak Resources Ltd.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cloudbreak Resources Ltd.
Blair Naughty
President
(604) 669-0401
(604) 669-0414 (FAX)
Website: www.cloudbreakresources.com
Wow - even more coincidences...
http://biz.yahoo.com/iw/070221/0218206.html
Mr. Michaud on the Raven Board too???
Cloudbreak Resources Ltd. (CDNX:CDB.V - News) (Frankfurt:C6K.F - News) (the "Company") is pleased to announce the appointment of Mr. David Michaud to the Company's advisory board.
"On Behalf of the Board
Blair Naughty, President"
====
http://www.unitedbolero.com/docs/mda20050630.pdf
On June 8, 2005 the Company announced the resignation of William S. Morton and William Stickel effective immediately from their positions of President and Chief Financial Officer / Corporate Secretary, respectively. Mr. Blair Naughty was appointed President / CEO and Mr. Mike England was appointed CFO / Corporate Secretary. On June 28, 2005 the Company announced Leon David Michaud was added to the Advisory Board.
====
Coincidence or more?
How interesting that Mr. Naughty and Mr. Stephenson have worked with eachother a number of times in the past. Raven just appears to be their next place to set up camp for a while.
http://www.v-cgw.com/press/2006.htm
Laurence Stephenson, P.Eng, a Qualified Person under National Instrument 43-101, has approved the contents of this News Release.
About Consolidated Gold Win Ventures
CGW is a progressive and rapidly advancing junior exploration company with interests in the North West Territories - Drybones Diamond properties, Nevada - South Dolly Varden Silver/Gold/Copper claims, British Columbia - Yeti Gold claims, Quebec - Raglan Platinum group metals claims.
Further information can be obtained by contacting:
Blair Naughty at (604) 683-3995
Or
Abby Farrage at (604) 671-4718
Souhail 'Abby' Abi-Farrage, President and Director
Consolidated Gold Win Ventures Inc.
Vancouver, BC
Email: moreinfo@v-cgw.com
================
May 25, 2007 - hmmm - seems pretty recent. Not at Raven.
http://biz.yahoo.com/iw/070525/0257814.html
"Preliminary 3-D Induced Polarization ("IP") geophysical survey results are being evaluated by onsite consultant Laurence Stephenson to ascertain further drill targets."
"On Behalf of the Board
Blair Naughty, President"
=================
What it means is that the Board is not independent. Mr. Stephenson is one of Mr. Naughty's lap dogs.
frankie, please read the TOU Refresher regarding Off-topic discussion and post regarding the company/stock and not individuals or telling them what they should do.
You posted a chart frankie? And the last 10 posts? Is that the rule? You put up one post with links or a chart, and then the next 10 you can post whatever you like? Just trying to get an understanding of the groundrules for your board frankie.
frankie - where are your links?
You want me to provide links? Fine I will - but don't you dare reply unless you have some meaningful links (not propaganda) to contradict those that I provide.
http://biz.yahoo.com/prnews/070605/to232.html?.v=53
"From 1998 until present, Mr. Naughty has worked with both public and private mining companies aiding them in investor awareness and securing both public and private financings."
What does Mr. Naughty do? Calls friends at Alex Consulting, hires them for an "investor awareness" campaign. Then gets company to raise authorized number of shares to 500 million. "Secure public financings"? Wouldn't that mean getting money from the public? Hmmmm - raise authorized shares to 500 million, get public financing? What do they do next? Hmmm - I can't figure that one out.
Oh - right, 500 million authorized shares is an "alleged" fact.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001013762-07-001207&Type=HTML
The following statements are all from the 10Q.
"In March 2007 the Company pursuant to the approval of its shareholders holding the majority of its issued and outstanding shares as of February 20, 2006, increased its authorized common stock from 69,000,000 shares to 500,000,000 shares."
Going concern statement - which our resident expert claims is true for every company like this. Please provide links to other company SEC filings who make it so bluntly clear.
"As reflected in the accompanying financial statements, the Company is in the exploration stage with no operations and has a negative cash flow from operations of $134,904 from inception and an accumulated deficit during the exploration stages of $152,985 from inception. This raises serious substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. These financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern."
"We have not attained profitable operations and will require additional funding in order to cover the anticipated professional fees and general administrative expenses and to proceed with the anticipated investigation to identify and purchase new mineral properties worthy of exploration or any other business opportunities that may become available to us. We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock. However, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund the purchase and the development of any future projects. We believe that debt financing will not be an alternative for funding future corporate programs. We do not have any arrangements in place for any future equity financings."
grnsurfer - do you see that bold statement? SALE OF OUR COMMON STOCK - they are telling you. My post which you referred to as "alleged" facts are indeed entirely facts.
The entire story is now laid out for all to see:
1. Hire CEO to raise investor awareness and raise money
2. Raise authorized share count to 500 million.
3. Hire stock promoters to pump up the stock.
Hmmmm - what's the next step...oh yeah...
4. SELL NEW SHARES TO THE PUBLIC TO RAISE MONEY
Anyone looking to respond - please provide your own links to provide counterpoints or they are nothing more than BS.
Alleged facts? You don't believe that there are currently 69 million shares outstanding, or that they just upped the authorized number of shares to 500 million? What makes you say those are alleged facts? Why would the company raise the number of authorized shares to 500 million if there is no intent to issue any more shares? Please indicate the "alleged" facts you are referring to.
Major dilution is coming. I'm sorry if you need the actual press release to solidify for you that it is happening, but, you know, days before Enron filed for bankruptcy protection, the ratings agencies were just getting around to lowering their ratings. Some things you can see will happen based on actions that the company is taking. Unfortunately, there are some people who will actually sit around and defend the company, believing whatever propaganda they are fed. Then, when the action happens, those same people are the first to say "I saw it coming...".
One person has indicated posts need links and facts (yet he doesn't provide any himself). Well, unfortunately, only the people bringing up fundamental issues have that ability - and quite easily can point to any of the SEC filings, or even the ambiguous language of every press release the company makes. Those who pump the stock - they have nothing but technical "analysis" and words regarding momentum.
With 69,000,000 shares outstanding, I seriously doubt there is a problem with naked shorting. What did you say in a past post - 6 million shares short? That's not even a dent.
The fundamentals tell me that you are going to see all-time lows. Whether all-time highs happens - who knows? The market and pumpers can cause strange things to happen, whether they are justified or not.
With 69,000,000 shares outstanding, no earnings, no revenues, $100,000,000 valuation is not justified. Floating new shares to go to 500,000,000 outstanding doesn't mean the stock stays where it is or goes higher justifying $700,000,000 valuation or more. The stock goes down - maybe not by a factor of seven, but surely in half, probably more. If they float new shares making all $500,000,000 outstanding, you will see the stock go to 30 cents/share and lower over time.
I said:
"the company/CEO is attempting to pump up the price with this (failing) marketing campaign in preparation to float a whole bunch of new shares"
10Q filed last week says:
"In March 2007 the Company pursuant to the approval of its shareholders holding the majority of its issued and outstanding shares(*) as of February 20, 2006, increased its authorized common stock from 69,000,000 shares to 500,000,000 shares."
(*) - the founders who own 64,000,000 shares.
The stock will be back below $1 in short order.
MACD looks awful, price is going down - oh, that's great - "consolidation".
Is there a time when the chart says things aren't good?
No earnings, no revenues, financial crisis. Clearly, the company/CEO is attempting to pump up the price with this (failing) marketing campaign in preparation to float a whole bunch of new shares - diluting the shares currently outstanding. That is what the fundamentals are telegraphing. But, you can rest assured that when the new shares are floated, they will put it in the best of terms to make you feel good.
Watch and learn.
That is an excellent post.
Unfortunately, you gave way too many facts. We don't trade based on facts - only pretty charts.
In the meantime, frankie's post clearly shows MACD is looking pretty awful.
Sorry - my bad - too early in the morning. Not 15 ounces, 25 ounces of gold (about $17,000 worth).
Still - what does it cost for a full day of operations - salaries for mining, running the mill, overhead, equipment, etc.?
"The La Currita Groupings includes 4 mines, a 300 ton/day operating floatation mill and stockpiled ore."
So they can process 300 tons of earth a day and need 12 tons for 1 ounce of gold. So, that means operating 24 hours a day, they can retrieve 15 ounces of gold (roughly $10,000 a day at market values). What is the cost of operating the mill? What is the total cost to mine and process 300 tons a day?
What was the good announcement? They really got 1/2 ounce of gold out of their sample? And exactly what was the sample size? "Across 3 meters"? Seems a bit ambiguous to me what that description means. 3 meters across by how long and how deep? You need more than one dimension to describe how much earth they used or estimated to come up with this 15 gram number.
These types of press releases are typical. Filled with ambiguous numbers and wonderful terms to bowl over the naive investor. Who here can explain exactly what the "good announcement" is saying? Not what you think it means - exactly what it means.
Remember - 2.59 grams/ton of earth - so they have to dig up 12 tons of earth and process it to get 1 ounce of gold.
Also remember what Blair Naughty was hired as CEO to do - marketing and promotion to get additional financing. How many CEO's at respectable corporations do you know of that are hired for that purpose?
I am not looking to save you all. I'm looking to save those who may wander into this cult going forward (one confirmed saved already). Just providing the other side of yours and others here to get to a semblance of balanced reporting.
I am not short and I do not short any stocks at any price.
Thank you.
Fair enough frankie. I am here because I wanted to see just what kind of company would put babes out on Wall Street passing out their propaganda for a penny stock. After some checking I find out and see the pump and dump machine is alive and well. No real business, daily press releases touting insignificant information with carefully chosen words or details to mislead investors - it has garbage written all over it. In the mean time, the founders enrich themselves. I am telling you - go review UPDA. How long would it take you? 30 minutes? The story is identical - what they did, the types of press releases - everything.
I'm tired of seeing people who know little about investing and just throw their money away on whatever hot stock tip is flashed in front of their face thinking they are going to get rich. What is even worse, are the folks (which they become) who do the same - trying to convince others to buy the stock - because of the propaganda which the company is feeding them. Clearly, some of them live here. As you and they are welcome to shout about how wonderful the company/stock is, I'm just as free to provide the other side. However, it appears that all the folks touting the stock can point to are the company issued press releases. Can you point to anything else? Can you explain the inconsistencies between the glowing press releases and what is in the SEC filings? Seems very strange to me.
================
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Seven Thousand Dollars for coverage of Raven Gold Corp. (OTCBB: RVNG), by a third party (Alex Consulting Inc.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release.
Well grnsurfer, I'm very sorry to inform you - it did happen - exactly as I described it. They did have babes out on Wall Street passing out the brochure - that is how I got it.
By your very statement of how absurd such a stunt is, and that no company would ever include such a tactic in their promotion, is exactly why you should get real here. This company did in fact do that. Next time - I'll be sure to be carrying around my video camera. For now, being that I have real first hand information about what happened, and you don't, I'd say that my words carry just a bit more weight than yours. You say it didn't happen - you are lying - simple as that.
Why would I advise folks to go read the SEC filings? Look at how the founders were issued all their shares for $6420 only two years ago and somehow it's magically worth $100 million today. That is not someone pumping the stock or posting hype or lies - those are facts my friend.
SEC filings tell the whole story. No need to look any further than there, or press releases providing worthless information. You haven't looked at UPDA - have you? That's ok - you don't have to. Not part of the plan. Need to keep pumping.
You keep providing your chart analysis, I'll just keep picking apart their SEC filings, looking deeper into the "business", and interpreting what they're really saying in their press releases. We'll see where the stock is a year from now.
Good luck to you - you're going to need it.
frankie - can you tell me how an investment of $6420 can be worth $100 million only two years later? They acquired property/rights - for $1 million (which they cannot even pay) - how is it possibly worth $100 million? I'm all ears as to how anyone can make 16,000 times their investment in two years while having no earnings, sales, or business and clearly states in their SEC filing that they have major financial issues.
>
but if you have an old mine.. some times it pans out. technology sometimes makes it work or the market is ripe.
>
Yeah - that's sort of the same propaganda that UPDA pitched.
Anxiously awaiting your explanation as to why this is such a wonderful investment.
This is typical of how these operations work. They "acquire" property or rights to mine/drill on property that's been abandoned for years by the big firms. They acquire said property or rights to the property for some insignificant sum of money, then, they get surveys of the property for mineral/oil content, publish daily press releases about every minute action, throw lots of numbers, abbreviations, and industry jargon at you to make you think there's really something happening, and that property they acquired for next to nothing...somehow it's gotten a ridiculous valuation of $1 billion.
You want to see this identical story having taken place over the past two years? Look no further than UPDA.OB. Same exact story in the oil industry. Look at the press releases beginning two years ago. Also look at the 2 year stock chart - what you have here will be no different.
You can believe the pump and dumpers, or, you can do the smart thing - and alert others so they don't become the "bigger sucker" who has the stock dumped on them.
That's quite a post grnsurfer - you are calling me ignorant?
The babes are nonsense? Hey - you think what you like. I work in lower Manhattan, and it was quite a pathetic sight.
But, just for arguments sake, let's throw all that aside for a moment - and answer me this. Let's just suppose that a company or it's marketing company did put a couple of hot looking chicks out on Wall St. (diagnonal from the NYSE, right between Nassau Street and Williams Street, between the NYSC Sports Club and the Trump Building) for arguments sake, dressed in some short-shorts, form-fitting top, and yellow miners hat (you know - with the little high-beam light on the front) passing out a propaganda brochure for a penny stock. Would you think that was a real respectable company that you'd just run back to the office and rush to enter a buy order to buy its stock? Simple question - just give a simple answer.
If you are a "newbie", why don't you read and learn a bit more about investing instead of jumping in and throwing your money away on a penny stock? This company has no earnings, negligible sales, and for some reason, it's valued at $100 million.
Why are you going to invest in something simply because you got a mailer and think that gold is going higher? If you believe gold is going even higher, why don't you invest in one of the leaders in the sector? Since when do companies advertise or have hot looking babes passing out the mailer on Wall Street to get you to buy their stock? I am telling you, just this week at lunchtime they had a couple of babes wearing yellow miner's hats passing out the brochures. I'd guess that it had more of a negative impact than a positive one - because now the traders and firms know they can short this thing all day long and it is eventually going to disappear.
Have you read any of the SEC filings? Why don't you read their 10K or 10Q which are both easily accessible online - then decide if this is such a good investment. The filings are easily readable, even for the newbie. Companies like this, with no earnings and minimal sales don't get valued for $100 million with the founders sitting on 90% of the outstanding shares. The mailer, the daily press releases - all just to get the naive to buy shares while insiders dump theirs. Review my prior post - the founders paid $6420 two years ago for their shares - all 64,200,000 of them. Now, how could a $6420 investment be worth $100,000,000 only two years later?
As a newbie, why don't you just watch what happens here - it will be a good lesson.
You don't want to buy in to this stock. There is nothing here other than hype.
The stock only went up the last time because of Redstone buying shares. Earnings are what makes a company more valuable and the stock go up. When was the last time MWY had earnings? They lose money hand over fist every year. They have massive debt which continues to grow and there's really very little that is interesting about the company...other than Redstone buying shares over the past two years - obviously at inflated prices.
If Redstone doesn't buy shares, there is no support for the stock. You can count on the stock going lower. Redstone will ultimately buy the company - but it will happen when the stock finally levels out in the $4 area (right where it was before he started buying shares), and current investors will get little, if any premium for their shares. Look for the stock to bottom in the $4 to $5 range, and Redstone buying all remaining outstanding shares at something in the $5 to $6 range.
No, if you read their 10K, you'll see that insiders bought at 0.001 (that is 1/10th of one penny per share) and as a result of splitting they now own 64 million of the 75 million shares outstanding. Look at this - in under two years, they have turned $6400 into almost $100 million - at the expense of those who cannot see through this sham. What exactly have the insiders done in under two years to justify turning $6420 into $100 million? Please - anyone?
During 2005, the Company issued 6,420,000 shares of common stock to its founders for cash of $6,420 ($0.001 per share)
In August 2006 the Company performed a 5:1 forward split of its common stock for a total of 37,120,000 shares issued and outstanding.
In addition, in March 2007 the Company performed a 2:1 forward split of its common stock such that there were 75,240,000 shares issued and outstanding after the forward split.
Further, if you read that same 10K, you'll see that the company is in a deep financial crises.
Insiders buying at 75 cents a few weeks ago? Window dressing my friend - they know folks like you will be watching purchases. You can be very sure while they are advertising (they had hot babes on Wall St. this week passing out that propaganda brochure) they are dumping those 64 million shares.
Lastly, how many people really take the time to understand these silly company press releases? Go look up how many grams are in one ounce and take a moment to understand what they are reporting - not a whole lot.