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Please be careful on this stock. The ceo is an old stubborn guy. They have spent millions of the company's money to buy personal items such as houses, cars...
They have products in hand but they can't sell them and they are going bad.
They don't have any money left. So what is the next step? The only thing that pinks can do to get money.
Sell company's stock at a discount.
Beware
Guys the people behind this company have been pumping and dumping stocks for a longtime. Pros at it. They never put their names on any of the other companies. The only reason they put it on this one is because its a personal deal to make someone a popular guy. Nothing will work. The celebs who wear this stuff get it given to them for free. They don't pay for the shit.
Plus look at the economy, who the hell is going to buy a hoodie for 400 bucks???????????????????? people don't have money to live. So based on this I don't see much happening with this company. Oh ya and they closed their store on Melrose ave didn't they?
This is a bunch of air. Where is the financials after 4 years?
Guys no one attacked Rich Biscan. It is the manner that he is choosing to run the company that needs to be improved. He is running a public company and he needs to update the shareholders in good and bad times. Instead he chose to put an IR guy who is 83 and hangs up on people once he is questioned. Big Mistake.
The main issue here is that we need to unite and force him to comply with the reporting requirements. I don't need to see AUDITED financials, UNAUDITED financials are ok for me. He certainly can post those without a problem as he is a pink sheets company.
What happened to the shares Tara got from TARM? We own those shares and we should demand to get them. Just because Rich keeps issuing himself stock to keep control doesn't mean he can do whatever he wants. The annual meeting, not too many people attend. Rich needs a wake up call and our unity is his call. Once he sees that we all need to know and if emails don't work, I will request a conference call, so we can all be on the line and ask him questions.
After all if he refuses to come on a conference call with his shareholders, then he has something to hide. We are entitled to get the truth, good or bad.
Why should other shareholders talk for him????????? We are always guessing, 2 weeks, 2 weeks, this month, next month. Come on folks, time to raise up and demand our right, ONLY because we have put our hard earned cash at his disposal. he is spending it, so we have the right to ask where the money is going.
I am just waiting to get all the emails, and then I will form a letter to Rich and include everyone on it.
Cheers
To All TRGD shareholders,
I think it is time to take action now.
Please notify all TRGD shareholders that you know, to send me name and email to frenchydeman@hotmail.com
Once I have all that I can get, I will form a letter to Rich Biscan requesting detailed information as to why he can't and won't release financial information to the shareholders, and what has been the hold up on the audited financials.
I will copy everyone on that particular letter for Rich to see that he is accountable to all of us.
If we don't get a satisfactory answer, I would suggest that we call an extraordinary meeting, where he has to attend to answer to us.
Any information I get from shareholders will be completely confidential and will not be distributed to anyone else.
Let's at least get the real truth, as I have emailed him 100's of times and never get a proper answer back or not even an answer back. This is a public company not a private company and we need to wake Mr. Biscan up.
Let's have a great 2009.
I think Bobwins is now also realizing that something has to give here, so negative comments are obviously due on Rich. As for us people, we should all unite and exchange emails and create a coalition and start taking charge of this situation.
Rich needs to realize that we the investors do have the say, the power, and the right to know what happened to our hard earned cash that we put in his hands. He has had our trust, faith in him for 4 years and to this date, he has refused to come up with financials or a proper explanation as to why they have taken this long NOT to get done.
I think we should call an extraordinary meeting and force him to give us some answers. Enough is enough, it is 2009 and I refuse to sit here and let another year go by so that in 2010 we still wonder where the financials are.
hahahaha
Well, He needs to answer to us, so I am suggesting sending one email from all investors and ask for a conference call. Then he won't be able to avoid us. Or simply call an extraordinary meeting which any of us can call, and the sole purpose is to see where the accounting and financials are.
But it won't work unless we get a fair number of us as a group.
FH
I hold almost 1.5 Million shares. I even didn't sell them when it was 1.40
Now we really have to be detailed in what we ask for, and how we get the answers.
This is a public company, and we deserve to know where the financials are. We need to find out EXACTLY what is preventing TRGD or Rich to catch up. It is only accounting and numbers and surely it doesn't take 4 years to do accounting. So we need to delegate a group of investors who will contact Rich and demand answers in detail. He doesn't answer
Why can't Rich go to the same fund that funded Paramount?
Where is the financials. We should all email Rich and hold him responsible for the accounting and financials. Where is the dividends to TRGD shareholders for TARM?
After all we have waited years at least I have. We should get a portion of TARM shares distributed among us people.
Let's get active in the new year and stand up for our right to know what is going on with the accounting.
Lootie,
I agree with you however we need to get on Rich about the accounting and the financials. I is so crazy that he hasn't come out with Financials for TRGD.
I also sit on a board of a think tank about the 2009 hottest online opportunities, and believe it or not. they are predicting that online barter platform will be huge as instead of people having to pay for items, they can trade them. I will be bringing this up with AUCI to see if the code and platform can also be transformed to a bartering site as well.
Did someone say financials in 2 weeks again? hahahaha
Happy New Year To All.
Happy New Year to all.
I actually have been in touch with a very high profile tech company and will be presenting the software and see what they can bring in to the table. This isn't a job for one person. It requires infrastructure in place, along with a sales team, and a tech team.
I am going to see if they would do something on a joint venture basis. We'll see.
cheers
i agree with you in all. Of course the auto industry is at a low. However this platform can be used for various industries.
Its all about rewriting the revenue model and see what other industries the platform can apply to. On the car side of things, it will come as the auto industry recovers. As long as there is action and agreements being signed, Im all ok.
Wow THE COMPANIES WILL PAY THIS SMALL AMOUNT OF MONEY IF THEY SEE VALUE. This is what they do, they search auctions and other dealers already. If this is presented properly and the see the magnitude and the exposure, they WILL pay 49 bucks a month to have access to the information. You would be selling information thats all. If I was a dealer, I would pay. Remember this wholesale part of the business is a big part, and runs almost separate from the new car sales. THE DEALERS WILL PAY 50 BUCKS a month for this information. I already talked to 5 different ones and they said they would. So please before you make a comment call up a couple of dealers, run them through what AUCI has and ask if it has any value to them. I did, did you? I have called the company, but they have no resources to pay anyone to get involved and set up a proper sales and marketing plan.
THe stock needs to go up in value so that they can attract real financing. Or do a private placement with the current shareholders at these prices to bring in some funds.
Wow where are the financials? Why isn't Rich releasing the financials of the public company to the shareholders?
WOW I tried to make my point easy to understand but a couple of people still don't get it.
Before I try again, please understand that I am a dot com millionaire so I know a few things about IT, internet, e-commerce, and e-business. Have had several very successful IT companies and taken them public.
There are a few types of business on the internet where you can make money.
In our type of business, it is a brochure type of site. No e commerce gets done on the site. The value is that AUCI has collected and will collect information about a product which in this case happens to be cars. The reason is to solve the problem of time. This information is worth money to the dealers as it saves them time to search by other means. So of course this is worth money for the dealers.
It is exactly like, when you buy an auto trader weekly publication. You pay for it because it is a source for you to find a car to buy. Of course dealers would pay a few Dollars to expand their sales cycle and get more exposure within the wholesale and retail world.
End result is that the revenue model obviously hasn't worked, so instead of being close minded, its time to try a different strategy to bring in revenues.
To all the people that don't agree with me, please educate yourselves on the auto sales industry and how the wholesale system works and also read about the IT companies that have failed simply because of not charging a subscription fee thinking that advertising alone would bring them enough revenues to get by. Dealers spend millions of Dollars on advertising and of course they would spend 50 bucks a month to be able to have access to all the wholesale cars in their area and to be able to feature their wholesale cars on the site.
At the end, if anyone still doesn't understand my point, please let me know so I can explain this simple fact more.
Merry Christmas and Happy New Year
I don't quite understand what this means
"they are not buying cars yet"
It doesn't matter, the company has gone through funds to set this up and let them have a current database of cars. Of course they need to pay. Always concentrate on getting a little bit of money from a lot of sources. 50 or a hundred Dollars per month isn't a lot specially if we advertise the participating dealerships on another site where they can advertise their cars with retail prices.
I have been a long time shareholder and I didn't want to post here, but you folks are concentrating too much on this website situation.
The revenue model needs to change and become a subscription based model. Apparently there are over 1000 dealers on here, so if each would even pay 50 Dollars per month, we would have over 600K in revenues and growing. TO charge nothing and let them browse cars, they won't take it serious enough.
But at this point there is no value to the site so what does it matter if its working or not.
Good luck to all of us
Where are the financials? Where is the audit? Who is working on the financials? When do they anticipate the financials coming out.
Please, we have had 4 years asking for financials. IR has been called 100 times, guess what he doesn't even have an answer when asked about financials. Even you don't bring up the financials when asked.
Where are the financials that we have been asking for 4 years?? Is there any doubt that there are things in the financials that are going to show that the management have taken money for themselves or mismanaged the funds?
Why no financials? Please answer me. Why no TARM dividends to Tara Gold shareholders? How can this stock ever go up again without world class properties, and with a huge float. Who will even believe Rich Biscan again with no financials?
Biggest problem TRGD has is Rich Biscan.
How in the world would the financials take this long???????? Come on now, how many years has it been?
We will never see the cash or dividends from Tara Minerals. Rich is in it for himself and thats all. This is pretty dead. Other gold stocks are booming.
What story do we have? Whats the exciting news???????
Rich is liable for the accounting. This is almost criminal how many years has passed by and still no accounting? Where are the numbers? Why is he refusing to come out with proper accounting?
At this point AMEX is nothing but a dream, however if anyone talks to Rich he will tell you what he has been telling people for the past 3 years. " Don't worry we are going to be listed on AMEX" What a joke.
Wall Street America also featured SUNR
www.wallstreetamerica.ca
I got an email from them in regards with the industry and SUNR
Folks we have hit 10 cents today. I don't see Rich or the expired IR person who has no patience and is rude doing anything to turn this around.
They aren't realizing that these days when you let your stock drop, it will be almost impossible to bring it up.
As IR say, they are concentrating on business. OK so where are financials after 4 years???????????
Where are the revenues promised???????
My friends have emailed Rich and he doesn't get back to them. The IR guy hangs up on them.
Messy
Quiet week but holding steady for more news
New Board member joining. I wonder how fast he can turn things around in the company.
Some decent news is coming out finally. I am going to put a call into the company and see what the management is doing
Best thing to do, do a class action lawsuit against management, Clayton Smith. He has printed over 80 Million shares and sold it in the volume. Why else would the price go down on hundreds of millions of volume over the last 2 years.
Wow 16.5 cents and getting hit still...
No volume again, guys you got to keep a certain amount of volume coming in.
ITs not looking good for us I am afraid. Rich needs to pull a miracle off to get this baby up again.
There just isn't any more investor interest in this stock. No trades and it keep going down even more.
Rich wake up...
It looks like they are spending time building this company and concentrating on the business instead of pumping the stock without substance.
Good Job Guys
Look at the sellers sell their stock. Wow they are having a hay day today. Most trades have been on the bid, has been hitting 23s last while. When does it end? Who has so much stock at these lower levels to sell at 23 and make a profit???????????
why audited financials taking sooooooo long? No reason at all.
Remember management is everything in these junior companies.
Rich probably sold a bunch of stock that he put under different entities when it was 1.40 and invested the money else where.
Don't kid yourself. Rich may be a nice guy but he has a family and he needs cash too. There is a reason why we are here at these levels. Bad IR guy as well, as he hung up on me several times when I was just asking proper questions.
I hold over 1 Million shares of Tara and the performance has been horrible. Accounting and financials, JV partners defaulting on properties, Management, IR...
We will see 5 cents the way its going.
Absolutely no interest in this stock, no ir activities...
If I see a major problem with the company and in this case Clayton Smith's intentions which have been so obvious in the way this stock reacts, yes anyone would warn people. I have been warning everyone for a year now and get bashed. But you see now everyone looks back and sees that I was right all along.
I just got off the phone with Warren Drew.
Here is the reality.
Tara can't afford to pay a real IR guy, so Warren which is almost 80 years old is working for free because he is Rich's friend. He won't give much information as he isn't a market guy, or a mining guy. I asked why Rich isn't doing any market awareness and he basically said that they don't care for the price of the stock, and there is a huge short position against Tara's stock.
So he said that they are concentrating on making money for Tara and hope that the stock price will just go up.
I told him that I didn't agree with this and people have lost their investment in Tara. So then he got mad and told me that he is just a messenger and basically told me off and hung up.
Rich is making such a big mistake letting the stock go low like this. As you have seen despite news on the properties, or financials this stock has never recovered...
TL people like you have been saying the same thing and the stock has lost 90% of its value. When are you going to realize that there are direct reasons to management. THis is a dead deal, was a dead deal. Recover your investment and buy some food.
You have been looking for things to come since the stock was triple what it is now.
When are you going to realize that you got exposed to another Clayton, Novak scam.
Its Done...