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If I may add something. Stage one will open the door for new technologies. ( Ion exchange cartridges, and silver bearing batteries, Plus many application for the mining industries). These new technologies IMO. Would not be tied so much to the fertilizer.
If anyone cares to know there is a 3some over on the yahoo board spreading bad information on itro. I can't believe the crap they are trying to feed investors. This is one of my post. You may find it interesting. To all shareholders of ITRO, and future shareholders. SEC LAW SAYS. That if you receive more than five percent of the O/S shares from a company, (ITRO). You are considerd a INSIDER, The law states that you would be required to hold those shares for a year before selling them on the stock market. If anyone receive's more than 5 percent of the O/S ( OUTSTANDING SHARES) from the company they have to hold them for a year. That includes NIR. In order for one to be able to dump the kind of shares you are talking about it has to be less than 5%. So like I said your numbers where wrong. All three of you are wrong. Just plain wrong. So 5% percent of 3.5 million (outstanding shares) is? come on you can do it. Than spred that out over time. Well there ya go. The fact that I quoted LAW all of my post are IMO. So do your own research. The settlement is for 8 million and some change paid with stock. So you now have all the information you need to get it right.
This P/R said alot .Press Release Source: Itronics Inc. On Friday April 1, 2011, 8:40 am EDT
RENO, NV--(Marketwire - 04/01/11) - Itronics Inc. (Pinksheets:ITRO - News), a "Creative Clean Technology" company, announced today that it has reached a resolution of its litigation with the NIR Group, Ltd. and its affiliates, which held Convertible Notes issued by Itronics. As part of the resolution of the litigation, the parties have entered into a settlement agreement for the balance due under the Notes and the Notes have been cancelled.Dr. John Whitney, President of Itronics, stated, "We are pleased to conclude the Litigation. Itronics will now be able to devote its full resources to developing and growing its business."Corey Ribotsky, Chairman of the NIR Group, stated, "Litigation is a last resort for our family of funds. We are encouraged by the progress that Dr. Whitney and the Itronics team have made and we support their efforts to develop Itronics' business."
Resolution of its litigation with the NIR Group, Ltd. and affiliates. This news is big news. It might take a while to get going. This thing is settled. IMO, This is what's been holding things back. All you need to do is go to the NIR board to see the problems they are having at this time. It was just as important for NIR to get this settle, as it was for use.
Now they have solid numbers to show their shareholders, and the uncertainties for ITRO are gone. IMO. People should start lining up for this one.
Upon consummation of the reverse merger, the public company will issue to Auric shareholders common stock such that, immediately after the transaction, on a fully diluted basis, the Auric shareholders will own ninety three percent (93%) of the total issued and outstanding shares of common stock, and the gold company equity holders will own the remaining seven percent (7%) of the total issued and outstanding shares, fully diluted.
IMO. From the numbers of the latest P/R. 2011 fertilizer, and silver sales could be $1'421.122 greater than 2010, and $ 702,172 increase over 2009. Provided we have a 50% increase in fertilizer sales, and a 100% increase in silver sales for the full year. Not to mention what Auric will bring to the table in the same time period.
I think it is Auric gold, and mineral. I hear what you are saying. It is all about being able to pull all of the minerals that have value out of the ground at one time. Time will tell.
Have you seen the price of copper. It is at a all time high.
Long Island hedge fund, NIR Group, probed in plot to inflate asset value
The criminal investigation into NIR Group looks like a Madoff copycat scheme to defraud investors by overstating the value of assets. Investigators are also probing allegations of kickbacks
By Alan Fein
(AXcess News) New York - After a two-year long probe by federal and state authorities, the WSJ revealed earlier today that Long Island-based hedge fund NIR Group is being criminally investigated over its alleged misrepresentation of asset valuation to its investors. At the heart of the probe is Mr. Corby Ribotski who heads up the fund.
Bernie Madoff Junior?
Ribotski has come under fire over his handling of investor assets which in 2008 where held up to investors as being worth $780 million. The Journal story said that the hedge fund operator portrayed his fund "as having eight straight years of profits, beginning in 2001," though authorities are now questioning the fund manager's figures ever since NIR Group has been unable to find anyone who would provide a third-party valuation, let alone audit NIR Group's 2008 yearend results.
Breaking News - Two Years Ago
In December, 2008, AXcess News broke a story in which Ribotski's NIR Group took center stage following the downfall of Bernie Madoff in what was the lulu of all Ponzi schemes to hit Wall Street. Only in NIR's case the investigation isn't about assets that didn't exist, though their value is questioned as being so low authorities are dumbfounded as to how Ribotski could have kept it up for eight years.
In the 2008 story, "Madoff Scandal Tip of Iceberg in World of Seedy Hedge Funds", AXcess News reported that investors in Ribotski's NIR Group where growing more and more discontent to the extent that a chat board had been set up on Investorhub.com about Mr. Ribotski and his company.
While Ribotski's lawyers placed AXcess News on notice, the story was not recanted. In fact, Forbes picked up on the Ribotski story even earlier saying he had "a history of questionable business dealings and unpaid bills," though that hardly qualifies as "guilt by media" but looking back at my 2008 story I am grateful to see the WSJ finally giving NIR Group the once over, even if it is two years later.
In that Story I wrote: "Men like Mr. Ribotsky never make the press when compared to the Bernie Madoff's of Wall Street perhaps because the investors aren't big enough to matter to the New York Times, WSJ or others."
While the Wall Street Journal said Ribotski's NIR Group was being probed over $780 million in questionable asset value, an October, 2008 story by FINalternatives said NIR Group had $7 billion under management. Seems the Feds are off a bit, which may mean the investigation by regulators will broaden.
So far Ribotski has not been charged with any wrongdoing.
Kickback Scheme
Reuters echoed another aspect of the probe as reported by the Journal claiming individuals where under investigation for their role in a kickback scheme meant to inflate the value of NIR Group's assets. The FBI, SEC and the U.S. Attorney's office in Brooklyn, NY are involved in the investigation, Reuters noted.
Rehashing the News
FINAlternatives basically rehashed the crux of the WSJ story as well, never mentioning its October, 2008 $6 billion difference in funds under management - funny they missed that - though sidebar links did list other stories NIR Group was mentioned in.
Forbes, which has covered Ribotski on more than one occassion, missed today's window of mediatunity and didn't cover the probe at all, though a story could be in the works.
I can only say, that these major publications everone turns to for 'breaking news' on Wall Street might do better to follow those reporters who live in the trenches (hint, hint). As to the outcome of the NIR Group's criminal investigation, I say, wait...as stones turned by the Journal have a tendency to show themselves for what they are, given time. Its a shame AXcess News was never mentioned for having broke the story in the first place, perhaps the next round of news will note that. Stay tuned!
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(Win or lose) That would mean this thing would be settled, and then we will know where we stand. Then work from there.
I gess one can say the same thing about the silver process. Before, lets say they were only able to melt 10 pounds of silver at a cost of a 100 dollars. Now they can melt a 100 pounds of silver for the same cost. That would be the 90% increase in per melt cost. This would be the second part of phase 1 ( new separation technology,) and the increase melt capacity. IMO
I had the same problem. I had a problem on Gryphon Gold to. I seemed to have problems on just about every site I go on.
If I am reading this right on Ihub. The buyers are way ahead of the sellers.
Just so you know. If you increase the CAPACITY per batch of goo 10X. You will increase the silver output by 10x, and than increase the per melt CAPACITY 10x by increasing the size of the unit that melt the silver. That would be the 10x increase per melt that was talk about in a P/R. I thought I was a hero, but she rated me a 0.
I am sad today. I don't seem to fit in anywhere.
Did I say 18.50 on silver. Sorry
GOT SILVER? GOT ITRO ?
Here is some information that every ITRO shareholder need to see.GOOGLE. The words PATENT MINING CLAIMS. When you get there go down to the 6th address to Patented Mining Claims, and feast your eyes. This made my day.
Who are the Auric shareholders? Whitney and Whitney 80 plus percent, and I do not know who has the remainder. This will reflect nicely on Whitney and Whitney. Which will reflect on itros shareholders.
$2m in funding.Hopefully, Plus the assets of the merged company that is already being traded on the otc-bb.Whatever the assets may be worth. 93 percent dose applies to Auric shareholders, Which will reflect on ITRO shareholders. 7 percent of the combined company will go back to the merged company shareholders. I THINK. That is how I read it. Looks like someone negotiated a buyout of a company for about 7 percent.(NICE)Wonder who that was? Thats how I read it.
NO DISRESPECT INTENDED, BUT READ THE P/R AGAIN. RENO, NV--(Marketwire - 10/13/10) - Itronics Inc. (Pinksheets:ITRO - News) wholly-owned subsidiary Whitney & Whitney, Inc. reported today that its majority owned affiliate, Auric Gold & Minerals, Inc., has signed a letter of intent to acquire control of a publicly traded OTCBB listed company by way of a reverse merger to be accomplished by an exchange of shares.
Auric is developing its polymetallic gold project located in western Nevada by staking lode mining claims. To date it has staked and registered 175 lode mining claims which cover approximately 3,500 acres. The project is being expanded by on-going claim staking. Auric has also entered into an investment banking agreement with a well known Canadian mine finance firm to raise up to $2 million by sale of up to 25 percent of Auric in one or more private placements with accredited investors, which values Auric at about $8 million. This private placement effort is presently underway.
The public company does not have any active operations, but it does own patented claims in the heart of a historic gold mining district in Nevada. These claims are currently subject to an option to purchase by an exploration company.
Upon consummation of the reverse merger, the public company will issue to Auric shareholders common stock such that, immediately after the transaction, on a fully diluted basis, the Auric shareholders will own ninety three percent (93%) of the total issued and outstanding shares of common stock, and the gold company equity holders will own the remaining seven percent (7%) of the total issued and outstanding shares, fully diluted.
Final closure of the reverse merger is subject to Auric completing a $2 million financing, completion of a definitive reverse merger agreement, and completion of legal due diligence by both companies. It is anticipated that the consummation of the reverse merger will occur on or before December 1, 2010, or on such other date to which the parties may agree. There can be no assurance that the reverse merger will be completed as proposed or at all.
Short sweet, and to the point. If there is anyone out there that would like to learn more about Itronic, Auric, Whitny and Whitny, and how the company works. Feel free to call Bill Forkner at 1-480-663-3812. INFORMATION THAT HAS NOT BEEN RELEASED IN A P/R CAN NOT BE TALKED ABOUT. So please think about your questions before you call.
IMO. Buy on the dips, and hold all the way to $10.00. That is what I have been doing for the last ten years.
Looks like the good Doc, and Mr, Forkner have been working hard to get things going for ITRO shareholders. Hey Fed. What was it that you were saying about Doc. Whitney, and Bill Forkner? This Looks like some good news to me.
I do not no anything about NIR.
Hey Fed. What about the guy who tock a chance and changed the phillips head screw to a hex head. I wonder what happen to him, or the little boy who created Face Book.
My awnser to your question is yes. Been with ITRO starting in 2000. There have been alot of good things happening in the last two years. Auric, Stage I silver refinery expansion which should increase silver refining capacity by 10 times, with sales capacity increasing from $440,000 to $4.4 million at current silver prices.At current silver prices of $18.50 per ounce, annual silver bullion sales capacity would increase from $440,000 to more than $4 million. Did I say $ 18.50, sorry I ment $ 23.00. Auric mineral. Gold, silver, copper, and any other metal that can be pulled out of the ground. A new finance man that has been working hard to bring in new money. The prospect of new materials
with the new FeLix and SuLix leaching technology developed by Itronics. Steel wool (ion exchange) cartridges which are widely used in the United States to perform on site silver removal from photographic liquids at user sites where off site hauling is not required. Both iron and silver would be recovered. This is a large source of iron and photo silver with millions of ounces of silver being recovered annually in these cartridges in the United States. The Company has business linkages in place that will make it possible to source these materials in desired quantities when it is appropriate for the Company to do so.2. Processing the cores of non-mercury bearing silver batteries to recover potassium, zinc, and Silver. Zinc silver batteries are primarily used in military and space applications, but some new technology zinc silver batteries are being developed for use in portable computers. If these new technologies get adopted, then there will be a large increase in zinc silver battery usage world-wide and an associated need for zinc silver battery recycling services. ALL THESE TECHNOLOGIES, AND COMPANY ADVANCEMENTS WERE CREATED BY ITRONICS CEO.
UP UP UP, And away we go.
I would think moderators have to wait for more P/R. Just like everyone else. There will allways be ups and downs all the way to the top or bottom. I pick apart every P/R, and try to see where ITRO is heading. I like to wait till the end of the year to see how much they may have improved. Alot can happen in a year.
Looks like 1.20 might be the bottom for the day. IMO, Time to buy more. Buy on dips, and hold.
IMO, That sounds like bad advice to me. Keep selling your shares. I will buy them up. anybody else agree with me? 1900 plus shares traded today. someone must be buying. ITRO will never see .25 imo.
Silver output is expected to increase as GOLD'n GRO liquid fertilizer sales increase, and from utilization of new silver-bearing raw material feed sources made possible by the revolutionary new FeLix and SuLix leaching technology developed by Itronics.
YOU GOT TO READ BETWEEN THE LINES.
What do you no? Any new imfo would be greatly appreciated. Thank you.
Here is what I think is the best part of this P/R.1. Steel wool (ion exchange) cartridges which are widely used in the United States to perform on site silver removal from photographic liquids at user sites where off site hauling is not required. Both iron and silver would be recovered. This is a large source of iron and photo silver with millions of ounces of silver being recovered annually in these cartridges in the United States . The Company has business linkages in place that will make it possible to source these materials in desired quantities when it is appropriate for the Company to do so. 2. Processing the cores of non-mercury bearing silver batteries to recover potassium, zinc, and Silver. Zinc silver batteries are primarily used in military and space applications, but some new technology zinc silver batteries are being developed for use in portable computers. If these new technologies get adopted, then there will be a large increase in zinc silver battery usage world-wide and an associated need for zinc silver battery recycling services.
Looks like investors are starting to feed on each other.NIR Group Investors Sue Each Other
Posted by Nathan Vardi
Investors in NIR Group’s family of hedge funds are getting restless.
Two NIR Group investors, PIPE Equity Partners and Highmount Olympic Fund, rushed to Manhattan’s New York state courthouse Tuesday to sue each other over a stake in an NIR Group fund. The litigation shows that PIPE Equity Partners has written down its stakes in an NIR Group fund down to 30% of the last reported net asset value.
PIPE Equity Partners is a fund of PIPE funds run by J. Mitchell Hull’s Hull Capital Management, while Highmount Olympic Fund is a fund run by Highmount Capital out of New York and Amsterdam.
NIR Group, the Long Island hedge fund firm run by Corey Ribotsky that claimed $770 million in assets, has been under investigation by federal prosecutors in Brooklyn for a very long time. The U.S. Attorney’s Office for the Eastern District of New York has told investors in NIR that they are “potential victims of federal crime.” A former investment analyst for NIR, Daryl Dworkin, has pleaded guilty to securities fraud and testified he conspired with Ribotsky.
NIR and Ribotsky have not been charged with any crime. NIR and Ribotsky have fully cooperated with the long-running federal investigation and have insisted they acted properly at all times. Ribotsky’s lawyer has said his client was unaware of any criminal activity engaged in by Dworkin, who the feds admit perpetrated some of his crime alone.
But for investors in NIR funds, the most important thing is retrieving their investments that have largely been locked up since Ribotsky froze redemptions back in 2008 after reporting some nine years of positive returns with only three down months. Ribotsky’s NIR Group family of hedge funds, based in Roslyn, N.Y., specializes in PIPEs, or private investments in public equity.
In the fall of 2008, as the financial crisis raged, Highmount and Hull Capital started talking about a deal that would see Highmount exchange its stake in AJW Qualified Partners II, an NIR fund, for a stake in PIPE Equity, court documents say. The transfer took place in January 2009 and the contribution was valued at $4.6 million. PIPE Equity claims the valuation was provisional and subject to adjustments stemming from the external 2008 annual audit of the fund.
But investors in the NIR fund have not received an external 2008 annual audit, court documents say. PIPE Equity claims in a court document that the lack of an audit is due to “AJW’s fraud and misrepresentations” and that the value of Highmount’s original contribution, which consisted of its stake in AJW Qualified Partners II, was “substantially overstated.” PIPE Equity’s lawsuit against Highmount seeks rescission of the original agreement or an order that would reduce Highmount’s stake in PIPE Equity.
For its part, Highmount’s lawsuit filed against Hull Capital states that Hull is suffering from “’buyers’ remorse.’” Highmount claims that contractually the provisional adjustment to the $4.6 million valuation can only be warranted by an annual AJW audit and that the agreement between Highmount and PIPE Equity “imposes no deadline by which AJW’s annual audit will be issued.” In other words, no audit, no valuation adjustment.
Highmount and PIPE Equity have been fighting about this since March when Highmount claims PIPE Equity’s manager, Hull Capital, started to threaten extinguishing Highmount’s interest in PIPE Equity. In its lawsuit, Highmount is seeking a court declaration that Highmount has a continuing interest in PIPE Equity. Highmount also makes a $5 million breach of contract claim.
For those following the NIR Group saga, the litigation is notable because it unveils Highmount as an institutional investor of NIR Group. It also reveals that Hull Capital’s PIPE Equity had a separate stake in NIR’s AJW Qualified Partners II that substantially exceeded $4.6 million, according to court papers filed by Highmount. That means that PIPE Equity is a substantial NIR investor.
For investors in NIR Group funds, however, the most troubling disclosure in the litigation is that on Tuesday PIPE Equity wrote down its NIR assets down to 30 cents on the dollar. Hal Shaftel, a lawyer for Highmount, says the timing of the write down indicated it was a “litigation strategy.” Hull Capital did not return calls seeking comment.
Federal prosecutors in Brooklyn appear to be closing in on Corey Ribotsky, the founder of NIR Group, a Long Island hedge fund firm that recently claimed to be managing $770 million in assets.
According to official court transcripts, a former investment analyst at NIR Group testified on Wednesday that he conspired with Ribotsky to commit securities fraud between 2007 and 2008. Daryl Dworkin made the statements at his arraignment in federal court in Brooklyn on Wednesday when he pleaded guilty to three counts of securities fraud, conspiracy to commit securities fraud, and conspiracy to use interstate facilities with the intent to carry on commercial bribery.
“Between 2007 and 2008 while working as an analyst at NIR in Roslyn, New York I agreed with Corey Ribotsky and others, that I and others would make material false statements and omissions to NIR’s investors and their representatives,” Dworkin testified. “Material false statements and omissions concerned, among other things, the performance of NIR’s PIPE.”
Ribotsky has not been charged of any crime. His NIR family of hedge funds, based in Roslyn, N.Y., specializes in PIPEs, or private investments in public equity. In these deals NIR provides financing to publicly traded companies that are thinly traded, often in exchange for heavily discounted shares. The PIPE transactions often lead to the shares of a company that accepted the financing to tumble.
According to court transcripts (available below), Dworkin testified on Wednesday that at a 2007 meeting at NIR’s offices in Roslyn, he and other NIR employees made materially false statements and omissions to the representative of NIR investors. When federal judge Raymond Dearie asked why Dworkin misled investors, Dworkin implied the purpose was to convince them not to redeem their investment in an NIR Group fund.
According to the court transcripts:
Dworkin: I believe they were already invested and it was more of a calming, everything is okay kind of thing.
Judge Dearie: So they’d keep the money in the fund?
Dworkin: Correct.
Dworkin is the only individual to be formally charged as a result of a long running federal investigation into NIR Group. He waived indictment and federal prosecutors filed a criminal information against him, an indication Dworkin has become a cooperating witness. Jonathan Marks, Dworkin’s lawyer, declined to comment.
As Forbes reported yesterday, in addition to pleading guilty to misleading investors, Dworkin also pleaded guilty to charges that he solicited and accepted kickbacks from deal finders who facilitated PIPE investments by NIR’s PIPE funds. In the case of the kickbacks, Dworkin admitted to taking steps to conceal them from NIR’s senior management. In other words, he was acting on his own.
In a statement, Jordan Hershman, Ribotsky’s lawyer, said: At the time that Mr. Dworkin was in NIR’s employ, NIR and Mr. Ribotsky were unaware of any criminal activity in which Mr. Dworkin engaged. As the United States Attorney stated in its charging document against Mr. Dworkin, Dworkin ‘took steps to conceal the kickbacks (he received) from NIR’s senior management.’ The company is cooperating fully with the government’s investigation. It is confident that the facts will show that NIR and Mr. Ribotsky acted properly at all times.”
Remember there is more to company growth than quarterly revenue. It was the creation of Auric, and all that should come with that. It was the creation of stage 1, and two, and the potential of company growth there. The hiring of a finance man, and all the hard work that is being done there. Its expanding the customer base that CPS is doing. The silver cartridges, and the battery potential revenue streams. The hard work DR Whitney, and all the employies of itro. It is Linda at the end of the phone who has to be one of the nicest people I have had the pleasure to speak with. Still got the rest of the year to post a gain. Might have a hell of a 4th quarter. CAN"T WE ALL JUST GET ALONG ?
Still got the rest of the year to post a gain. Might have a hell of a 4th quarter. CAN"T WE ALL JUST GET ALONG
TO all who thinks that the (OTCBB) is the right way ITRO need to go. What do you think about this article. by Posted by: harpe5368 Date: Wednesday, August 04, 2010 2:50:24 AM
In reply to: None Post # of 19568
Embracing the Pink OTC Market Model
Opinion by Timothy J. Keating
“The OTCBB is now terminally ill; the faster that FINRA pulls the plug better.”
Previously in this column, we had noted that in 2001 there was an average of 306 market makers quoting prices in stocks trading on the FINRA operated Over-the-Counter Bulletin Board (OTCBB). That number had dwindled to 199 at the end of 2008 and 160 at the end of 2009. As of April, the number stood at 135. There are now some 51,127 priced market maker quotes on Pink Quote vs. 9,615 on the OTCBB.
The OTCBB is now terminally ill; the faster that FINRA pulls the plug the better.
Meanwhile, back in the land of free markets, Pink OTC Markets, Inc. (www.otcmarkets.com), the operator of the Pink Sheet quotation system, has been trail blazing a new model. Mind you, this is not your father's Pink Sheets. Much has changed, and Pink OTC Markets is now the standard bearer for over-the-counter trading in the U.S. In fact, there are only 53 issues exclusively quoted on the OTCBB with the vast majority of over-the-counter securities (80%) being quoted on Pink OTC Markets.
The company now operates the leading electronic interdealer quotation and trading system in over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, where nearly all reporting issuers are now quoted, and the speculative Pink Sheets marketplace, where non-reporting companies are quoted. These three tiers constitute the third largest liquidity pool for trading public company shares, after the Nasdaq Stock Market and the New York Stock Exchange.
We embrace and support this model for the simple reason that we are unqualified advocates of free markets, including and especially markets for equity securities.
Pink OTC Markets is to be commended for its transparency and rational segmentation of its diverse market place. For example, in the Pink Sheets segment of the company's Web site, comprised of non-reporting companies, there is:
A "Yield" sign to warn investors that limited information is available for 737 securities;
A "Stop" sign to warn that no information is available for an additional 3,514 securities; and
A "Skull and Crossbones" to further identify those 26 securities for which the display of quotes has been discontinued because of a range of questionable or suspicious activities.
Surely in this era of failed regulation and ubiquitous access to information, that is all the information necessary to help investors understand the risk profile of certain categories of publicly traded stocks.
Capital formation can only occur when investors are willing to provide speculative "risk" capital to fund new ideas and businesses. Liquidity is the grease that makes markets work efficiently and which, in the case of public issuers, can lower the cost of capital by as much as 50%.
The "flash" crash of May 6 demonstrated that there can never be enough liquidity in the marketplace. This is especially true for the world of micro-and small-cap stocks, which provide investors with the opportunity to participate in the exciting, albeit risky, world of growth investing.
Pink OTC Markets has demonstrated clearly that its market-based approach to equity trading can and does work and is superior to any scheme crafted by regulators. As two obvious next steps, we need to get the regulators out of the world of equity research and credit ratings so that these markets can also evolve and thrive.
Second quarter silver sales were $193,200 compared to $155,200 in the second quarter of 2009. Ounces produced were approximately the same for both quarters, so the increase in sales is directly due to higher silver prices. The average silver price per troy ounce in the second quarter was $18.32, up 33 percent from $13.73 per troy ounce in the second quarter of 2009. IF THE OUNCES PRODUCED IN THE
SECOND QUARTER OF 2010 ARE THE SAME AS SECOND QUARTER OF 2009. Than were will the huge increase in fertilizer sells come from. Correct me if I am wrong, But I think second quarter 2010 will be the same plus a nice increase. I am not going to let myself be setup to believe that second quarter fertilizer sells are going to be huge. A nice increase in company revenue will do for now. To all my long friends. Read the latest PR, and figure it out for yourself. IMO