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Jtrox-
I respect your analysis. However, it must be understood, people who realize, understand and come to grips with the TRUE intentions of this company, are the onces who ultimately make money.
Im not advocating people sell, rather, I advocating people buy when the time is appropriate. Now, is not an appropriate time to buy.
I'll admit, I got burned by this stock in the past however, now, I play the same game they play, which has allowed me to net a profit when the time is right.
This stock is a traders dream. Enough volumbe albeit thin, a few million share trades can really swing this thing. Also, there is sooo much emotion tied into this little penny stock, which makes it even easier to make a profit.
Trust me, I am out for myself, first and foremost, as I'm sure all you are.
I'm just saying that there is an intelligent way to play this stock.
As i have said before, every indication GSPG gives us, leads me to believe that this company is more interested in mining shares rather than gold.
Obviously, they have no sense of urgency or fiduciary responsibility to shareholders.
PPS will be down 80% is a few months.
JTROX-
I mean 50 mil. They did not lower the AUTHORIZED SHARES. They are still able to dilute up to 4 BILLION.
Crazy.....huh.
I agree, its pretty much understood that dilution is the only way gspg knows how to finance an operation. They REALLY mismanged the previous share structure. Competence, is lacking within the mgmt.
Nobody should be surprised with the upcoming massive dilution.
Also, people need to understand this, CONVERTIBLE DEBT. They plan on converting all their debt into shares. However, many of these note holders, will not convert at the RS PRICE. They will convert at a much LOWER share price. That is why, DILUTION, will be massive. Don't kid yourselves.
Ultimately, the only way this RS works, if GSPG can prop up the Share price with an: IG7, 43-101, conventional financing, Hard Production date and ultimately, REVENUE.
I hope people understand what I am saying.
Too much debt on the books.
GSPG could learn a little from the GREECE fiasco. STOP SPENDING MONEY YOU DON'T HAVE! IF YOU DO PLAN ON SPENDING MONEY, BE SURE THAT MONEY SPENT WILL RETURN REV, BANKABLE ASSET.
THE 1-2-3-4 YRS PROMISES OBVIOULSY DIDN'T PAN OUT.....OBVIOUSLY.
They will dilute at a 50 mil clip in the beginning then ramp it up.
Getting in now is suicide. PPS will trace back quickly.
Extreme, you're a funny guy. Everybody should expect, at a minimum, dilution, at the rate of 100 million shares per month. That is not a a guess, it's a fact.
GSPG is probably one of the most mismanaged companies, I have ever seen. Not only did Jim Golden quit because he NOW fully understands that GSPG is not interested in MINING gold, rather, mining shares and diluting them, he is no longer needed.
Mining will start late 2010!!! LOL, sure.
Silver, Extreme-
You two are truly funny people. OK, you got me! I hang around because as you say, I am trying to pry shares from scared and weak longs.....REALLY???
I am here because, I am a TRADER. I NEVER fall in love with stocks, unlike you and Extreme.
If this stock, ever presents and opportunity for GAINS, i will be back in. However, with this imminent R/S, THERE WILL NOT BE AN OPPORTUNITY FOR GAINS (my opinion) for atleaset a few months to a Year.
After the R/S, this stock will tank 40-80 percent. Combined with dilution, it will be subpenny in a year.
PLEASE, both of you pull out your crystal balls and SPIN the R/S as a positive move.
You have got to be Kidding me!!!
I will choose to side with what happens to 99% of stocks that choose to execute a R/S.
You two can go ahead and put your money on the 1%.
Both of you seem pretty sophisticated.
there is only one Fact associated with this company.....that's their past actions.
Why would i believe or speculate any differently???
Promises broken, massive delays, dilution and Reverse Splits.
Those are FACT......everything else extreme brings up are speculation, hopes and dreams.
I hope that makes sense.
phx85-
This thing will be diluted right back to a few billion. They left the door open. If they had secured financing, then they would have reduced the AS. However, they have not, therefore, MOST LIKELY, dilution is the only way to finance this operation.
The writings on the wall.
NO SERIOUS INVESTOR WOULD INVEST, WITHOUT THE ASSURANCE'S OF DILUTION PROTECTION. That is why the RS is going to happen, they need to dilute to finance, otherwise they would have R/S lowered the A/S and taken in the SERIOUS INVESTOR MONEY WHICH WOULD TAKE US TO PRODUCTION.
simple
Good post, TOGI.
Extreme....you're a funny person.
Just wait till they start diluting this thing again at a clip of a hundred million a month.
I'm not bashing this stock....i'm just saying the truth. However, you seem to have an excuse for every mishap this company has.
"GSPG will be in production 8-10 months from now." Boy, if i got .0078 tenths of a cent for everytime I heard that, i'd be a millionaire.
Extreme, you should pick up more cheap shares, tomorrow! pick up a few million!
ODDS are that PPS will be 40-80percent lower within a month post R/S. This thing will be subpenny soon thereafter.
Too risky. I have yet to see one work.
Extreme....
Also, please don't tell me that Goldspring left the A/S at 4 billion to PREVENT a hostile take-over. That's ludacris.......LUDACRIS.
PLEASE DON'T TELL ME THAT.....RESPECT MY INTELLIGENCE.
Extreme-
All of those points you make are possible but not probable.
Too many promises have gone unfulfilled. Thats a fact. I would believe you and your spin if GSPG had reduced the AS. However, they have left that window open for another dilution event.
I have chosen to sell because my "BRAIN" told me to sell. It seems as though your HEART makes your decisions.
In 2 years GSPG will be back at 3.5 BILLION shares and they will have to R/S again. The writings on the wall.
Listen, Winfield could finance this thing to production on his own. IF his intentions were to really get this thing to production, he or one of his business buddies could do it, easily.
Moelis.....who know's what they're doing, if anything.
Reseigh....Engineer not a CEO.
Winfield.....Multi-millionaire ripping off investors.
IG7.....promised but not delivered.
IF goldsprings intentions were to get this thing to production, they could have produced the IG7, which is a BANKABLE DOCUMENT, used to gain conventional financing through several institutions.
However, they have chosen to mortgage "investors monies" by diluting the hell out of you guys.
THAT IS FACT. EVERYTHING YOU SAY IS THEORY. YOU'RE GUESSING.
That's how people get burned in this game. A companies reputation is everything.....EVERYTHING.
Extreme-
One last thing, CANDOR, HONESTY AND LASTLY, EXECUTION.
GOLDSPRING, currently lacks all the above. I invested in this company, with the hope that management can EXECUTE on their plan.
We have given them ample time to show progress and most importantly, bring value to this company.
I haven't seen it and I doubt i'm going to see it.
Stop trying to spin the history of this company.
IF you'd like, I can email you my intimate thoughts regarding this company. They don't bode well for this company, management and it's investors.
I do not agree with you, although, I respect your guts to stay invested here.
Expect this thing to continually sag prior to split, post split, this thing will dive 40-80percent.
For all those that will hold, good luck. For those that want to get in, it may be to late to get any significant gains.
The market won't see this in any favorable light. GSPG, had their opportunity and means to make this wildly successful. However, gspg has decided to take another crack at it, albeit, at the expense of committed and trusting investors.
P.S. why are they even sending proxies out? Does this vote even matter??? Expect an approval before the 10k.
P.S.S. I predict in 1 year, the PPS, post split, will be sub-penny.
Just my belief.
Extreme,
You have no idea what you're talking about here. I have just sold all my remaining shares. I plan on playing the SAME rinse and REPEAT game as the executives seem to be playing with investors. The FACT is, the number of AUTHORIZED SHARES has not decreased. IF THEY HAD DECREASED AUTHORIZED SHARE COUNT, THEN AND ONLY THEN, WOULD REAL VALUE BE BROUGHT TO THE REVERSE SPLIT. SORRY, but this is fact.
PROMISES BROKEN AND NOT FULLFILLED. It's a bad omen.
I'm sure everyone on this board is sophisticated enough to see the true intentions of this company.
Extreme-
I "LIKED" the company, however, now I don't trust the company. I dumped most of my shares (few million) I have decided to hold a hundred thousand. The problem with GSPG is that they have promised too much and delivered too little. What a penny should do, is underpromise and over-deliver. GSPG has taken us on what seems to be a "wild goose chase." This vote means absolutely nothing. Obviously, it will pass and the company will resume "mining shares." I would have held all my shares if GSPG would have lowered the AS by a 200:1 ratio however, they did not. They promised an IG7, they did not deliver.
I hope everybody really takes a hard-look at this before holding on.
Some people are really going to lose their shirts on this.
I usually don't disparrage companies on a public board, however, the recent devlopments here have made me sick.
Also, Extreme, you need to take a hard look in the mirror and be honest with yourself and this board. It's a bad sign when investors are making excuses for a companies short-comings....let that be the first sign of the ineptitude this company has.
Agree....I'm voting NO unless we get some real guidance.
I hate to speculate, but I think this thing will hit a few cents. The pps may hit a few cents before it pulls back to 2-3cents.
That's only my opinion.
Looks like the conversion is finally going to happen. Look for a steep rise in pps, and proven reserves.
Debt to equity.....
Looks good to me
This is getting weird. Usually, this means something good. I hope I am correct. I have no idea what's going on. A single person, or many, know something we don't.
I hate not knowing.
Traditionally, historically, in the past.........most likely in the future, this stock has risen, only and ultimately, when insiders begin buying, which spurs friends and family to do the same. I'm not sure if this run has any fundamental reason's behind it, however, seems as though some "tips" may have been leaked.
From minimal volume to large spikes like this, especially with a sub-penny stock, lead me to believe, we may have some great info coming.
Great Run, we should have some news. Most buys are insiders. Seems to be a tip off. Possible LT financing with a Royalty Deal. I'm hoping it's a different deal, personally.
However, we should be seeing news. Friday......That's my guess.
Fair enough phx85.
I have brought some good info to this board, I don't feel the need to justify myself or follow "phx85 posting protocol."
I will not post here anymore.
Good Luck To Everybody
phx85-
I had no idea you were the IHUB Judge and Jury. Does this mean I must answer to you? Ok, my professional life involves banking. I know some of the past and present executives personally, however, my entry point in this stock was recent, but my knowledge of this stock goes back to steve parent. Never, have i been given privy information, rather, my knowoledge comes from DD and logical steps in our resumption of production.
I hope this makes you feel better.
Please take the noose down from that branch!
Ricky-
I do believe that BK is not our worry, Bk will not happen. My worry is GSPG integrity and fiduciary responsibility to it's shareholders. Transparency is my issue. I asked them 9 months ago to hire a PR firm. Faber said "Hiring a PR firm is definitely a goal of ours, however, at the moment we do not feel it necessary." I agreed, reluctantly. How about a Conf Call, BBQ, something?!?!?!? We are sitting on 2.3 billion worth of resources. Why not take the next step and release the proper bankable reports? What are they waiting for?
Hint-Winfield, won't allow it to be released yet. What is he waiting for, I don't know. It worries me though.
Ricky-
I understand the statement. However, that is what frustrates me. With rising POG, excellent mineralization and permit approval, I feel that GSPG should have had a PR deal in place long ago. I feel that Faber and the executives dropped the ball on this issue. This PR validates my frustration because, I called them 2 months ago stating that "You guy's need a PR firm to manage and disseminate our excellent progress. In the past Faber used to take my phone calls, however, as of a 2 months ago, I have not been able to speak with him, or he would not take my calls or heed my suggestions. Thank god, Faber the idiot is out. Im frustrated with their lack of preparation and candor for their shareholders.
I am not going to hold my breath on this one. Transparency is my biggest issue with this company. GSPG should be investing in a PR firm. This would do more for our shareprice than any agreement at this point. I KNOW FOR A FACT, THE SCOPING, FEASIBILITY AND IG7 are completed. Why are they waiting to release it, makes me worried. Actually, it really pisses me off. I would advice every shareholder to take a step-back and give this a good hard thought.
I feel that if enough of us demanded a PR with guidance of some sort or a shareholder meeting, we may get it through pressuring GSPG. I am asking that, any concerned shareholder in this company should be calling GSPG, demandng an Investor Relations contact or a more focused and diligent effort on raising awareness and future goals. Since GSPG has not changed their stance on production in 2010, I am going to hold them to that word. If any contracts, negotiations or developments have happened before their last PR's that clearly state production is still on track for 2010, that may possibly delay production in 2010, then I have a REAL issue with them.
I hope GSPG is reporting their developments to their shareholders in a timely manner. We definitely deserve this.
USARMYRANGER-
I have been calling 775-847-5272.
I am asking for Mr. Faber or Mr. Reseigh.
I agree completely, either something is in the works or they just don't care. My position is that, GSPG does care and they are ultimitely working on a good deal, that will make the current pps seem a thing of the past.
It's important that people know, I am not giving GSPG a free pass rather, I am barking up their tree everyday. If push comes to shove, I plan on shoving back, aggressively.
For the time being, I am giving them the benefit of the doubt. However, my patience is finite and not infinite. i am sure we all agree with this.
Well, things are very frustrating. We won't be directly tied to POG until we deliver an IG7 coupled with a scoping and feasibility report. The frustration for me lies in the fact that these reports are "supposedly" completed. We will not rise with POG until these are delivered. I have asked GSPG repeatedly for some guidance on these issues. There are two possiblities here: 1. Debt restructuring is going to happen, thus, GSPG wants to restructure their debt prior to delivering these reports. 2. GSPG is trying to get an equitable JV, Financing or Buy-Out, the sticking point, I feel is that GSPG does not want to lock into current POG, rather, GSPG wants to "slide" with the POG, up or down.
These issues are frustrating however, the issue of Guidance, has been extremely frustrating.
PPS is the best indication of Confidence. I have conveyed this a million times to GSPG.
Hopefully, GSPG will heed my concerns.
Darwind-
I agree, Moelis are here only to make the deal. I am very excited about this news. Winfield, will be the key. I have been working on drafting a letter to send Goldspring, I will explain later, however, it should shed some light on SEC reporting regarding Winfield and his shadowy presence regarding gspg ownership.
Good luck to all
There is only two types of PR that will send GSPG into a dramatic upward swing:
1. Bonanza pr
2. Financing or aquisition PR
In the meantime, I feel most PR's will send this stock downards, most people are very fearful of any I-Banking company company in due to the perception of negative results. However, moelis has been brought in to address our Debt Structure so we may fetch the best possible financing deal or aquisition deal. Moelis, will address our most darkest issue....Winfield. This must be done and it's ok with me. These are the times to accumulate gspg.
I hope all plays out the way I feel it will.
Yeah,
He basically holds all the notes. Most if not all financiers are worried about his position here. It's time for Winfield to do what is RIGHT. I think that this can be accomplished if GSPG is willing to gurantee him a "pay back" in the event of a total liquidation, which I dont see happening. This PR is really good news to me because, they are FINALLY ADDRESSING OUR MOST PRESSING ISSUE! Finally, atleast I wont die wondering!
Darby,
I would tend to agree with you, however, Winfield is the major owner furthermore, he may be willing to forgive a portion or a large portion of this debt without consequence to GSPG. That's what this is about.
A day late on one prediction and two day's late on another.
sorry guys
Negotiations are happening right now. Like I said before, our one hurdle to equitable financing is our debt structure ala Winfield. I hope he yields to the greater good of GSPG.
Good luck to all
Nite seems to be off the ask. Its coming up. Maybe a release soon? We do need an investor conf call. They are really reluctant to discuss progress at the moment. Usually that indicates a deal in the works.
Looking for the 10q today. Worries me a bit, usually it's posted quite early. I don't think an extension has been filed. I am more interested in the Financing deal. I am pretty sure it will be released today. I don't think a monday release is prudent.
I hope all are doing well.
Look for a PR, tomorrow. Guidance would be nice.
Slow day today, MM's seem reluctant to drop the PPS.