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Can you tell me where I might find the information about the SEC investigation and the freeze on trading this stock?
Man! how boring!!!
There is a reason that we are so board lately. No one is buying!
Today there were 66 trades on CDIV, 84 trades of EIGH, and just 32 trades on GRNO.
We have 350 boardmarks on GRNO, 550 on EIGH and over 650 on CDIV. We can make this a lot more interesting if we try...
Some brilliant trader over on CDIV placed a buy for 911 shares today to send a message to the MM's and it got me thinking. What if we all place a buy order on Monday for 911 shares in 1, 2 or all 3 stocks? Nothing but good things can happen wouldn't you agree?
Come on now, we are only talking about $90 or less. If that's too much you could honor the medical marijuana crowd and do 420 shares! If 911 is too little for you big money guys, do multiples, 1822, 2733 and so on.
Let's take this team to a new level and try to keep us all awake. We all know where this thing is going but let's take the scenic route shall we?
WOW!!! To da moon as they say...
This stock makes no sence to me. Granted I don't know much about stocks but they short it 95% yesterday and it goes UP 35% today???
Well my 400 shares are now worth $.72. Looking for a 10 bagger here so I can pay the broker when I sell! LOL
You're talking about NASCAR. That's a whole different deal. I have been in motorsports racing/marketing for over 12 years. I have owned teams and I have negotiated many sponsorships so I am not just someone who knows someone.
The series EIGH in is in NOTHING line NASCAR and that is probably a good thing. Right now the highest number of bankruptcies, forclosures and unemployment is in North Carolina. I can tell you first hand that the bud is off the rose, the glitter is gone, and the gravy money that came from the people and companies who are willing to pay just to be the sidelines is gone. Racing teams are the first to feel the pinch when the money dries up. Teams like Penske Racing are having trouble paying their bills. NASCAR is on the ropes.
The racing series that EIGH is in is just for rich boys who want to play with other rich boys. That's why no one got too excited about it but they should have. These boys don't need big national sponsor programs and television to pay their bills. EIGH is very savy about who and what they get involved with. They know what they are doing.
This stock is a winner with out the FLD. In fact you might actually want to hold it long after the squeeze has come and gone!
Yea, a motorsports program is a cash hungry beast. Especially in the series that they choose. I'd call it a rich man's game. You'll never see these races on TV but there are tons of millionaires at the track that are always looking for a good investment and they tend to flock together. EIGH is going after the investor's money on the sidelines IMO.
So, if I read this correctly, one or more previous financiers were given the right to recover their investment by selling as many shares as is necessary regardless of the number of shares authorized?
Help me out here. If the reverse split brought the OS down to under 1m shares how do they dump 50m shares?
I agree...
I guess!
500 to 1 split unless that does not change the OS
4/16/10 - 870,000 float, 24,000,000 shares traded. 65% shorts leaving 8,400,000 actual shares sold or 9+ times the float. Where are these shares coming from and who is buying this crap?
Actually, it's, "The root of all evil lies in the pursuit of money". Money is good and pursuing money is good if it's for the right reason. The root of evil is selfishness.
That's what I was thinking. They released the information on this back in December, so it's nothing new. In March they sent out a PR that overstating their reserves probably based on the expectation that they would resolve this problem. Now they have to correct that.
The one thing that is pretty consistent is that the company has continually stated that they want to become a mining company and it appears the focus is now on completing the aquisition of the Chota Silver Mine that can actually produce revenues.
I am sort of surprised this didn't hit .012 this morning and now it is retracing a little so there is some confidence that this company is viable.
My guess is there will be a PR in the next few weeks announcing the competion of the aquisition and revenues starting in July, 2010.
03/18/10 - Dana Resources intends to close the transaction (Chota Silver Mine) as soon as possible and looks forward to announcing the revenue generated by the mine.
This acquisition is a significant milestone in Dana's history as the company moves from an exploration and development resource company to a development and mining company.
Well, we're heading in the right direction the last few days. No volume to speak of but still a slight up tick. This stock traded for ever at .30 with no news and really no activity so I think your 20% to 30% estimate is a good one. The chart shows we've hit bottom so it seems to me like a good time to give it another look.
I'm in! Gotta be some news coming soon. Pumpers are gone. Flippers are gone. This stock is undervalued IMO and should be able continue to move back up on its own from here.
Read Carefully! This is news.
http://ih.advfn.com/p.php?pid=nmona&cb=1268314801&article=41908457&symbol=NO%5EGBRC
"This payment is being used to build the Company’s recently announced new laboratory to be located in the Research Triangle area of North Carolina. The new laboratory will be home to the Company's research and development effort in all the facets of endeavor. The Company will use the new laboratory to optimize features of its prototype and to have the ability to begin construction on several one ton per hour units to be used at scrap tire facilities in the southern United States."
Dana Announces Letter of Intent to Acquire Silver Producer
LAS VEGAS, NV -- (Marketwire)
03/05/10
Dana Resources (OTCBB: DANR) (FRANKFURT: OD0), a US-based precious metals exploration and development company, is pleased to announce the signing of a Letter of Intent ("LOI") to acquire the Chota Silver Mine.
Dana Resources has entered into a letter of intent to acquire 100% interest in the Chota Silver Mine located in Peru. Under the terms of the LOI, Dana will be granted 100% ownership of the mine for an aggregate consideration of $425,000 in cash payments, a commitment to upgrade the infrastructure of the mine and a share allotment to be determined at closing. An initial cash payment of $25,000 upon signing the LOI secured the project for Dana Resources.
The property is currently producing silver, lead, zinc and gold. Average grades are 25oz/ton Ag, 7% Pb, 7% Zn and 2 grams/ton Au respectively. The company believes with moderate investment it could increase production to 50 tons a day. A 50-ton per day mill will yield significant cash flow at today's metal prices. Dana Resources expects a profit of over $300 per ton. Initial production at 50 tons per day will realize the Company approximately $6 million of profit in its first year. Dana Resources plans to implement a growth strategy to increase its current rate of 50 tons per day production up to a capacity of 1000 tons per day.