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Trading GameStop stock is like gambling, warns trader with more than 40 years of experience
None of the executives are on the compensation committee. They are independent directors. Putz, the share price will increase when there are positive developments. I bought these shares for what they will be worth when the project is fully funded and built, and the mine is up and running at full production, knowing full well these are very lengthy and tough projects. Of course, I was not aware COVID would hit and literally shut things down around the world for the better part of a couple of years.
My read is that the small size of the PP is likely due to the belief that there is something on the horizon, and I suspect it may be the $10 Million DOD appropriation in the 2024 NDAA, at least a portion of which can be used toward the updated BFS.
As for the salaries, that is up to the compensation committee to determine, and the shareholders get to vote on the compensation on an advisory basis. If the shareholders were voting hugely against, then the compensation committee would have to take that into consideration, but the shareholders are not. If I was on the compensation committee, I certainly would not place any stock on a few posts on the IHUB board, as opposed to the independent process and comparative salary data. But I do not view salaries in the $225,000 - $304,000 range to be exorbitant on a project with these specialized complexities.
The notion that they post on or monitor this Board.
Unfortunately for us Rader, if Mark stepped away or was gone from NioCorp I fear that would be the end of the EXIM and Stellantis deals, as he seems to be key to both, in particular his strong relationship with the Chair of EXIM. I am not in favor of replacing Mark at this point in the process. So, I would rather he step away from IBC.
I do not know anything about that. He has always responded to me since I first met the executive team. I do know they have been very busy and that the team is working 7-day weeks of late with not much time for family. For all of the nonsensical talk about their salaries, which are set independently by the Board's compensation committee based on independent research and comparable date from other similarly situated companies, as discussed in Proxies, it is indisputable that the entire team could make a lot more $$$$ elsewhere. IMO, they are doing this because they all believe in the project and its eventual success. I know Jim is spending a lot of time in Washington, DC and members of the team are on the ground in Nebraska frequently.
I remember the informational posts now, and the sharing of his e-mail address. 16 posts that stopped 8 years ago. Wasn't NIOBF trading on the OTCQB back then? I reached out to Jim with questions on all of this. He responded quickly just now and said he and Scott are in Nebraska today and met with the Governor's team, and also had meetings in Omaha and elsewhere. He indicated he believes he stopped posting informational stuff clearly identifying himself when NioCorp started trading on the full regular OTC. As for my initial inquiry his written response was:
Putz: I highly doubt Mark Smith or Jim Sims had IHUB alias's or posted here, as the SEC would have serious problems with that, given strict Regulation FD requirements, and would be unlawful. It is my understanding that Jim used to monitor this board just a bit, but that he does not even monitor IHUB anymore as it is deemed a ridiculous distraction, in particular of late as this board has turned into somewhat a clown show. But, I have reached out to the company to ask about this issue. and will share any response I get.
LMAO! I could not disagree more with your post and can only conclude that you do not have an accurate understanding about this company and the Elk Creek Super Alloys Project, or its current status. Most of us fully understand that you, LCP and DOA all have clear agendas. I let it go in one ear and out the other. This project will be fully funded and built and then we will not have to listen to the Bullshit any longer.
LMFAO! They sure did stupidly load up heavy in HYMC at a per share cost of $1.198 pre-Reverse Split, which now equates with $11.98. Now both Sprott and AMC are Bagholders holding huge positions worth just 20% of their initial investment in which they are now each down (-80%) SMFH
LOL! I mentioned Duke Santos because DOA was Duke Santos before he changed to Dead On Arrival. Was Prop Joe also one of his alias"? Posters who tend to change their Alias are a huge red flag.
Bingo! Including the cancellation of all shares of stock. Anyone with a brain would not have still been holding BBBYQ shares as of September 29, 2023, and anyone who was would have written the entire investment off as a total loss due to cancelled shares on their 2023 Tax Return. Of course, those APES and Meme Stock Clowns who played the HODL game over the last 3.5 years don't have any gains against which to write off the losses.
Well stated NCT. But you left out the alias Duke Santos. Sick and tired of all of them.
Bingo! There is zero chance of any BBBYQ shares showing back up in anyone's account. The shares were cancelled and no longer exist. Shares of companies that simply fail or get de-listed still show in many accounts, but not shares that are formally cancelled, as was the case here. But just let JJ continue to believe in the bullshit he and the other APES and meme stock clowns continue to spew.
Right on the brink of what, monocle? I suspect this was just a small raise to get NB to where it can expect the $10 Million appropriation from the DOD pursuant to the NDAA that was passed earlier this year to come through, which I suspect will come sooner than later as we are nearly halfway into the year.
NB is a Canadian company, with its corporate headquarters and corporate situs in Colorado. It's primary assets are in Nebraska.
So, ignatious, you have obviously been flipping in and out of GME since 2021, instead of playing the HODL game. What are your targeted entry and exit points in terms of share price?
I feel fine. Just watching and agree that today's selloff on higher-than-normal volume is not over yet. It has just begun.
Yep. Disney's Pixar is the darling of Hollywood and Wall Street this am after the $295 Million global record box office for an animated movie with the opening of Inside Out 2 this weekend.
LOL! "My dog just left and my pickup got stolen"........Remember the Country song about the Double-wide with polyester curtains and a redwood deck? But yes, I very much believe the Elk Creek super Alloys project and mine will be funded and built.
NCT: I still believe Stellantis is in play. The problem there apparently was turnover in the key executives within Stellantis. And, I believe our management team is not going to just give away a final offtake agreement at favorable pricing to Stellantis without a commitment to a significant equity investment. The delays are frustrating for all of us to be sure. But I am still confident that the NDAA appropriation, Stellantis and EXIM are all still actively in the mix going forward.
agree and understand. My point was, that, if GME was aggressively buying up bitcoin with its new stash of cash, then Bitcoin would likely not being dropping so precipitously.
Not so much. If that was the case Bitcoin would not be dropping like a rock as it has been the last few days.
That post is no longer up on the DBMM Board. He must have taken it down or ADMIN did. He is a real bullshit artist, as well as a knucklehead.
He (Trump) apparently can't help himself. Look at the things he said about John McCain, a true American Patriot and war hero, and the manner in which Trump treated the McCain family. I was in Scottsdale, AZ a week ago for final services for a longtime friend, and visited with a number of active Republicans down there, and they all confirmed that the only reason Trump lost Arizona in 2020 was the deplorable manner in which he treated Jon McCain and the McCain family. He is a total idiot who constantly shoots himself in the foot. But Biden is a pathetic candidate also. No good choice there.
Bingo! There is nothing unlawful in entering into a Settlement Agreement with strict non-disclosure provisions, in exchange for a hush money payment. But it is a felony to launder that personal payment through a corporate entity by claiming it is a legitimate tax-deductible business expense and falsifying the corporate entity's business records to reflect it as such.
Janice: You have done a great job trying to educate the APES over on the GME Board, but the facts and reason have never meant anything over there or on the AMC Board. Or on the old BBBYQ Board for that matter.
Sorry Janice. Typo.
Who else had that huge number of the same call option contracts? I posted the link to the article. He was in a very dangerous and precarious position with them, and had to make a decision or risk having them expire worthless. But no hard proof.
https://www.cnbc.com/2024/06/12/gamestop-tanks-with-huge-volume-in-the-call-options-owned-by-roaring-kitty.html
Bingo! A whopping 93,266 GME Call Options contracts with the exact same strike price of $120 and expiration date of June 21 that Roaring Kitty owned traded this afternoon, over 9 times the 30-day avg. volume in such contracts.
Kitty pumped the heck out of this last week. Today, many holders simply sold and got out before it drops even further, or just to book some safe profits. The number of GME shares in short position has decreased considerably of late, to the point where the services have been listing less than 1 day's trading to cover all short positions
Great news for this core holding of ours. Very positive.
How long have you been with Chas. Schwab tulla? Our TDA account transferred over to Schwab last Fall. I did not like it at all at first but have gotten used to it. None of us likes change. But, where else would you go now, other than to a full-service house?
Of course the salaries are "really not extravagant." If the trolls here who frequently bark about the salaries want to have any effect on them, they need to take up their grievances in writing with the 4 non-executive members of the Board of Directors who sit on the Compensation Committee of the Board and who conduct the comparative analysis of compensation paid to similarly situated executives in other comparable companies and publish that information each year in setting forth their justification for the setting of the executive salaries each year.
Schwab was not actually down this am. There was a brief glitch will mobile access and the app, but everyone could get on Schwab and Thinkorswim on their computers, etc.
They keep saying it because it is true. They do not bring up the other fictional bullshit about your alleged "billions and billions of naked shorts" because it is not true. Simple as that.
Agree. Well stated stark.
Gman: Just catching up after traveling most of last week. The congressional delegation did their part getting the $10 Million earmark for the project in the NDAA. It is now up to the Dept. of Defense (DOD) to complete the appropriation and get the funds to NioCorp.
It is my understanding things are progressing well on all fronts including Stellantis and EXIM. And no, I am not concerned. I am confident this project will go forward and that the mine will be built.