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https://www.sec.gov/news/whatsnew/wn-today.shtml
Scroll down to "regulatory actions, self regulatory, then nscc, and read for yourself.
It's a download so I couldn't give a link.
Looks good Ant. Thanks for posting.
I suspect we have no idea where we will trade. The merger probably won't happen until we know something about ELGL's assets. Then they become BFNH's assets. That should determine where we trade.
We won't know until it is announced but I suspect it will depend on what the audit of elgl's assets reveals.
I also suspect that 1:1 is the maximum that BFNH will get.
Which makes one wonder about motivations. Ferguson's seem clear in that he can't sell so his only road to additional wealth is through the success of the company.
Some other posters may be frustrated and just venting.
And some others? Well that's none of my business.
Anthazar makes a good point here, especially with regard to ELGL. At this point there is no way to sell ELGL, so, even if Ferguson had some super secret way to off load his shares, he couldn't.
Doesn't sound too bad. But it does sound like something may be happening.
Not randomly assigned, open label, 56 days, although we may not hear results until May of 23.
I suspect if it works as well as in animal tests, masking might be irrelevant. Looks good.
You'll get what they got when they get it.
Good, in time I think you'll be happy.
Was that you, njm?
Canadians to the rescue.
There is also a 91k bid at four cents. Someone said if you have 250k in your account with Schwab you can buy. I don't know if that is true.
I doubt if it is insiders, they would definitely have some info.
Well, someone was able to buy.
Ten thousand shares at .10.
OTOH those who guess right before all the info is in make more money. Speculation is buying risk.
This from the company only Says Idaho, Montana and Minnesota mining assets.
https://www.elementglobal.com/subsidiaries/mining.php
To my knowledge the company has only said they have NA mining assets, but it's a good bet since much NA mining is in Canada that some of those were are there.
The ones I know about are in Russia. However, ELGL also has mining assets in North America. I don't know anything about them.
The SEC, IF I recall correctly, doesn't allow 43-101 reports because they set out what has a ten, fifty, and ninety percent probability of being recoverable. Canada does, so the that is the standard.
The sec has made some changes to is policies, so that may have changed.
One of the press releases I posted said the mining assets were four billion. However, with mining assets you have to be careful since that number may include recoverable and non recoverable. That's why it would be good to see the 43-101 which lays that out. I don't know if that's been released yet.
EI'm not sure. As to the bond, it is a six hundred million balloon payment in 2022, as I understand it. ELGL has the rights to the tailings, which is the waste from mining. They pick through the dirt to get precious metals, etc.
This should explain some of it.
https://www.globenewswire.com/news-release/2019/08/13/1901260/0/en/Element-Global-Inc-ELGL-Acquires-Clarinova-Limited.html
https://www.google.com/search?q=clarinova+mining&client=tablet-android-alco&ei=3_i3YIqaO__T5NoPjsikwAg&oq=clarinova+mining&gs_lcp=Cgdnd3Mtd2l6EAMyBwghEAoQoAEyBwghEAoQoAEyBwghEAoQoAE6BwgAEEcQsAM6BAgAEA06CAgAEAgQDRAeOgYIABANEB46BQghEKABOgUIIRCrAjoECAAQQzoKCC4QxwEQrwEQQzoLCC4QsQMQxwEQowI6AggAOgUIABCxAzoICAAQsQMQgwE6BwgAELEDEAo6BAgAEAo6BwgAEMkDEAo6CAgAEBYQChAeOgYIABAWEB5Q8CdY9uEBYNbnAWgBcAB4A4AB1AiIAcxZkgEQMC4xNy45LjUuMy4zLjEuMZgBAKABAaoBB2d3cy13aXrIAQjAAQE&sclient=gws-wiz&ved=0ahUKEwjKhZ6K8_nwAhX_KVkFHQ4kCYgQ4dUDCA4&uact=5
I believe the bond was issued on the tailings of a Russian mine which element owns the rights to. If someone knows for sure, please post.
It won't be based on one to one or on the price of the two stocks. It will be based on which company brings what value. ELGL brings far more value and the ratio should be much better for ELGL than one to one. BFNH brings a filed form ten, which is not nothing, but not even close to what elgl is bringing.
They'll work it out, and no one will get screwed. ELGL has lawyers and so does BFNH. They also may have to get a fairness opinion from an independent source.
The ce was removed because the case for it disappeared when the stock was restored to the pinks. The delay was just otc bureaucracy.
From trains to grazing unicorns. Mixing metaphors like a champ. Okay I'll join in.
Good morning unicorns, how are you?
Don't you know me I'm your biotech.
The train they call the company of Predictive,
be gone five hundred points 'fore the year is done.
How is your new meditation practice coming?
The podcast is well worth a listen. It's couple of years old so it's pre-covid, but a nice explanation. Could be big.
Q out. Nothing particularly noteworthy to me.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001549145/000149315221011638/form10-q.htm#a_003
So, why is it that this who own the stock don't seem scared, but those who don't, do?
Not due until Monday.
And they're all violating federal law by not filing with the SEC?
Price is still too low for most institutions.
Anybody home? Haven't heard a word on this.
Okay, you asked four times so I'll answer. I didn't add there. Didn't have an invite.
Have you considered decaf?
Whole market, especially the russell
The more important part of the announcement may be giving us a firm time frame on the proto5. Four to six months is within the market's look forward time frame. If they follow up with some more info on the testing of proto4, that may give us and the market more certainty.
If this tech works the money and customers will be there.
Yes indeed, wow wow.
Too bad on the miss new, hope you had enough anyway.
Great move dreamer. The gen 5 will be here in 4 to 6 months. Fantastic