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Not the type of financial report you would expect to see from a company being bought out at the price offered. I hate to say it, but something about this doesn't sit right with me.
The current share price was a longggggg time coming. Seemed like we were never gonna get out of the .40's.
How much of a pullback are you looking for?
Outstanding shares on the Capital Gold website are correct. Thanks CL for bringing that to my attention. Jeff said that the increase noted on their website reflects a recent warrant excercise.
Ibox updated.
Ohhh..what shall we ever do now that we don't have your bid support? Oh..what world. lol
I emailed Dino twice with that question and didn't receive a response.
Just representing here :)
Likely alot will sell on this news, figuring it will drift lower as well as having a month to get back in. We could likely see .05 again IMO before mid December, which will be a good time to load up for more.
There doesn't appear to be enough umphhh to get this too far past .10 today on decent news at that.
Ok..thanks...I just sent off an email to him so we'll get confirmation twice and it will be updated.
Ok..I see where you get the numbers..from Capital Gold's website..Interesting..the descrepancy there. I will email Jeff and ask him about it.
Lol...It never ends...It wouldn't matter if they said they were going to hand deliver the cash to each investor, someone would still doubt it..Likely..folks will doubt it right to the very end, when the deal is finalized.
I think it is news as expected for a buyout. These things take time, and read the last part of the news release:
"The Company is subject to the Delaware General Corporation Law, which requires that notice of a special shareholder meeting "shall be given not less than 10 nor more than 60 days before the date of the meeting to each stockholder entitled to vote at such meeting."
If they really wanted time to sell off..they would have used the maxed wait time to 60 days.
Where are you getting your numbers for outstanding shares? I have mine from OTCBB, which as of today, show 171.74 million.
I...speculation...rest...speculation...my...speculation...case.
If you are going to insinuate that DMTN management is selling shares right now, you need to take it a step further and prove it...otherwise..more speculation.
I am just gonna say people are fearful. Once bitten..twice shy..ya know...geeze
I am just gonna say people are fearful...geeze
What loophole could there be for a Canadian company trading on a U.S exchange? I don't know of any. If anyone does, please share.
"suggests" means more speculation
News release is impending. Will it quell the naysayers or will it be a lesson learned? Only time will tell....I lean towards good news.
Gold is on a tear...Already up a staggering $18.00/ounce today!!
The market value of this company has been moving upward for the last little while. I will update the Ibox weekly to keep it as current as possible. We currently have a market value of $137,394,918.
This IS a long term investment. It is a real company with real profits and an excellent growth forecast. Not a stock to flip. It could hit a few dollars as gold continues to rise, new financials come out and more gold is added to proven and probable reserves.
A good place to park your money if you aren't a flipper....Anyway...flippers think they are ahead of the game but they just end up giving their money to the tax man...lol
So you are the one that has been keeping this down...lol
I am not buying or selling..Just holding my initial purchase @ .15..If the deal goes through, I profit, if not, well, I didn't bet the bank on it, just some loose change.
I would like to prove the naysayers wrong though, so I am hoping this is legit.
Why..you'll just have to wait and see :)
Ya but how much do they nail you for at tax time?
Only 10 minutes into trading today and we have already hit a new record high! Can you say "awesome".
Looks like my one year goal that I set for $1.00 on October 14 when it was trading in the mid .40s will be achieved much sooner.
That's the way it goes....Hasn't been much in the way of pullbacks lately. I have been in since the mid 40's...It languished there for quite some time. The price of gold is sure helping to increase Capital Gold's bottom line. This is a nice little company with great potential. Management has a track record of doing what they say they will.
I like the fact that this is listed on the OTCBB and the TSX.
If that were the case..we'd be talking alot more volume here..These are just fearful rookie investors getting out at a loss..JMHO
You are in manufacturing yet you post on one pinkie board all hours of the day? lol
Another record high today for Capital Gold!
If this turns out to be a scam, I am taking my I-Robot movie out of my DVD collection and burning it...I will be finished with robots forever!....and may the word "robot" be banished from my vocabulary forever...lol
I think some people take longer than others to decide...Kinda like the polar bear swim. Some folks jump right in, others stick a toe in the water and complain about how cold it is.
I feel much more comfortable in this stock than out of it..Cause on the off chance if it is real, I'd kick myself...If it isn't real, it won't bankrupt me...just will be a lesson learned never to invest on buyout news again...I had to at least try though.
I may be naive, but I have to believe that there are some honest people out there managing companies on the pinks. I hope Dino proves my hunch right.
What I don't get is how insiders stand to benefit from a fake buyout scam. In their pr, and perhaps I am being naive, it was stated that all of their shares are restricted and they cannot profit save for a buyout..If that is true, and I am giving them the benefit of the doubt, they cannot be selling any shares at this time. By the time their shares become unrestricted, the gig would be up and their shares would be worthless as the scam would have already been exposed to investors. I can't see Dino as being so stupid as to build his own gallows and hang himself with it.
Unless someone can post proof that insider shares are not restricted, and that Dino lied about that, I'll just have to take Dino at his word, even if it costs me what little I invested here.
In one of the PR's, they stated that "It is our belief that the stock should reflect the buyout price as we move closer towards the meeting date."
They would have undoubtedly been right in their prediction if they had included the name of the buyer in one of their pr's. To quote doctor evil "throw me a frickin bone here."
Well...I sent two emails to dino last week, on two different days, on the same question and did not receive a response. I am assuming he can't or won't answer my question. I asked him if we would be finding out the name of the buyer in the proxy, stating that it is pertinent info shareholders should have to make an informed voting decision. I told him all investors really want is a name and that is why we are trading at these prices. Throw us a frickin bone..Anyway..I guess we will find out...lol
It's a lottery ticket, like any buyout on the pinks..Don't overanalyze it. If the buyout doesn't work out..what the heck. I didn't bet the bank on it..just a few hundred in loose change....no more than anyone would spend on powerball in a year, but with better odds.
I would like to make some $$$ though to sink back into my other investment, which is my motive for investing here in the first place.
"I could be wrong"
BINGO!
Opinions are cheap and riddled with unsubstantiated speculations. Best to just sit back and watch how it all plays out...Buyouts on pinks are lottery tickets, however, there is value in this company should the buyout deal not survive. I have parked some cash here betting on this little company and its growth.