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And how will a reverse split help this stock? Reverse splits almost never work well for the investor in pennyland...
July 26, 2011 News Release…
Clarification & Retraction News Release, Nolan Creek Sb-Au Project, Amended NI 43-101F1 Report
http://www.silverado.com/nr-2011-07-26/
I don't know that truth on this board is rare. Due to the lack of update from Val, all that is left is for shareholders and skeptics is speculation. Silence from a penny stock is NEVER a good thing.
In the SENIOR SECURED CONVERTIBLE NOTE AND WARRANT PURCHASE AGREEMENT, dated as of January 12, 2011 a date of March 15 was mentioned, but reverse split news has not been updated (?)
(b) The Company shall hold annual meetings of its shareholders on an annual basis. The Company shall hold the next annual meeting of its shareholders as soon as possible following the Closing, but in any event, no later than March 15, 2011. In addition to the election of directors, the Company shall seek approval for a reverse split of the Company’s common stock within a range that shall be determined by the Board and approved by the Investor, with the goal of increasing the trading price of the Company’s Common Stock to $4.00 per share or higher.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7671075-13386-134368&type=sect&TabIndex=2&companyid=6694&ppu=%252fdefault.aspx%253fcik%253d1024628
News Release
January 2011 Nolan Report Retraction
Vancouver, BC, July 15, 2011—Silverado Gold Mines Ltd (OTCBB: SLGLF) (Frankfurt: SLGL) (www.silverado.com) (the "Company" or "Silverado"), at the request of the United States Securities and Exchange Commission, seeks to retract the January 2011 Nolan Report that the Company filed with its current report on Form 8-K filed on January 18, 2011. As a reporting issuer in British Columbia, the Company is obligated to the file and publicly disclose the Nolan Report pursuant to its reporting obligations in that jurisdiction. However, in contrast, such report is not to be filed as part of the Company’s disclosure obligations under the United States Securities and Exchange Act of 1934, as amended, or pursuant to Industry Guide 7 guidelines. As a result, the report was filed on the EDGAR system in error and is hereby retracted.
SLGLF is going, but in the wrong direction !!!!
Long overdue !!
Hope to hear disruptive MDGC news SOON, Val.
I agree. I kinda thought the company would be farther along by now with positive updates and income.
OTCMarkets has a Mar 31, 2011 update for shares outstanding:
Share Structure
Market Value $1,502,697 a/o May 25, 2011
Shares Outstanding
1,252,247,882 a/o Mar 31, 2011
Float
580,394,843 a/o Jan 27, 2011
Authorized Shares 1,500,000,000 a/o Mar 31, 2011
How much do you think it would cost to get Val's car out of public auction?
Thanks for that. With the climate here, I didn't think we MDGC shareholders should have feelings or have a right to be upset about a falling pps.
Who's selling at .0014 when the bid/ask was .0015??
.0015 is the new low pps for the year.
You have a nice hunch; but MDGC could also not be in the Ubiquity Networks equation. Note that XO Communications could be in that equation as well since they are the nation's largest holder of LMDS. Wondering what the difference is between XO's patents and MDGC LMDS patents...
Mar 23, 2011
http://www.stockhouse.com/News/USReleasesDetail.aspx?n=8102075
As the nation's largest holder of licensed Local Multipoint Distribution System (LMDS) spectrum with coverage in 81 metropolitan markets across the United States, XO Communications is leveraging this wireless technology, where available, to extend the reach of its 19,000-mile nationwide fiber network. From wireless hubs deployed on its expansive fiber network, XO Communications can connect customer locations directly to its network via high-speed point-to-point wireless links at speeds from 100Mbps to 1Gbps to deliver a number of services including Ethernet, VPN and private line services, as well as provide network redundancy and business continuity solutions.
This patent does not mention MDGC though or any of MDGC's subsidiaries.
http://www.freepatentsonline.com/20110026456.pdf
Seems UbiQuiti Networks, Inc. would have all of the credit for this patent and not need MDGC. Any more thoughts on the relationship with MDGC and UbiQuiti Networks?
Wow, IFXY Bid .0016 and Ask is .002.
Good post tinymidas! Thanks.
Here's the post you are referring to:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60537105&txt2find=Tassell
Why do you think after hours would have been better?
They should have released the PR this morning, not Friday at 3 PM.
That is GOOD news and thanks for the update!
I agree, where is the huge pop after waiting all this time??
"Verifiable results would have an impact, don't you think?"
BINGO!!!
Agreed. I share your view.
It is mind boggling that while Infrax appears to be on track with positive business plan direction, the pps is dropping dramatically. I appreciate OBJECTIVE discussion on the board to rationalize the pps when IFXY chooses to gag the TA.
Agreed. And I bought some of those .0028s at the last 52-week year low.
Wooley, your posts are appreciated. Thanks for your DD.
There is no proof that IFXY is at a new 52 week low? There is no proof that the TA is gagged? What is being thrown out that is unprovable?
I'm not selling and will very likely buy at these low prices...
I agree. IFXY was stable for so long in the .005s and .006s. The falling pps calls for new trading strategy.
IFXY has now reached a new 52-week year low.
Sam's email did not help soothe shareholder confidence since the TA is gagged and he will not disclose the information.
I'm also concerned that the financial quarterly due soon will not reflect information about the April/May severe drop in share price. Gagging the TA will cover up that information until this quarter is revealed in the next quarterly report due out in three months.
"we can not release these kinds of information to anyone due to the shorts being all over our stock."
I'm not quite getting why Sam is worried about giving out the share structure. (Unless the shorts would have more ammunition to short even more than the relentless bleed we see?)
Thanks, Wooley, for following up on share structure and sharing the reply from Sam!
How do you know "These clowns got the boot"? Do you have a link or specific source that "These clowns got the boot"? Or are you assuming "These clowns got the boot"?
Sigh. Back in the .002s.
Is there a right time to step into a hornets nest?
Already have, was just wondering how you accumulate the numbers...
jobu:
You may not know it, but I think a lot of your posts. In fact if you look at your followers, I have been following you, I am that #1 sitting there! (So I guess I am your #1 follower.) You are not even following yourself. Follow yourself and there will be two followers! I suggest other MDGCers follow you as well...
Val's new PR has more punch today than it would have had without your DD. Thanks for your DD, Beach.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62704423
Still many questions to be answered...
Could you explain a little more? Not sure what you mean by this.