THE ALL-Knowing SGCP TRUTH TELLER!
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I said "apparently" because of several leads, but i cannot give you those as it might violate my priviledges to receive such info.
So Doug apparently got back last saturday and still no news out that sgcp wants to put out there...This is looking bad imo.
It's 10 thousandths of a dollar, not 10 thousanths of a penny. protruck, do you think 9 days ago of sgcp trying to sell a million dollars of sgcp stock is old news? and before that on april 26th?
Down Goes SGCP PPS AGAIN today!
SGCP offered a million dollars of shares and could not get it sold. IMO, this is showing that rather than the company needing less cash from dilution, instead a serious lack of investor desire to buy shares of sgcp. SGCP could raise only roughly 1 tenth the amount it wanted from investors.
Example of SGCP inferior management imo.
And saying that 4 x revenue with 4 dredges over last year with one dredge means profit is hillarious too when costs of a 4 dredges operation is considered the same as one!
One erroneous view seems to be that because there is 4 x more revenue, that means profit. My take is Unless costs increased to obtain the additional revenue, this is basic economics 101,It only means more revenue, not that getting the revenue increases profit or narrowed losses.
If there are 4 dredges working instead of one, the total fuel consumed would not go up over the amount of one dredge working? Just one example of rising cost to the statement that 4 x revenue means more chance of profit, when it very well might mean more debt.
If agri brings down the company,(altho imo, sgcp will fail anyway due to management incompetence) the workers will be worse off.
Exactly what i have been saying,SGCP should not be involved in agriculture. Management needs to fulfill profitability before branching out into areas that are not extraction!
Well, how about the increasing costs to achieve a higher revenue stream? Suppose for every unit of revenue, costs went UP 3 fold?
How about the self-sustaining model of actually earning profit to meet operation needs and fulfilling the sgcp management forward looking statements to be profitable and increase shareholder value??
That is why sgcp is a failure and cannot deliver with higher PPS.
Then please show me the inaccuracy in the article? Keep in mind the SEC webpage on stocks like sgcp has it almost identical in advising investors on pink and over the counter stock.
Also my opinion too phreshmeat. Dilution is BAD for every stockholder.
Every buy means a sell as well. Simple concept involved in trading sgcp.
I know, sgcp giving a stock split to shareholders is farfetched!
The only "Good" dilution is a stock split that gives more shares to shareholders,,, and i don't think when we hear SGCP announce a stock split it will be that kind of split.
Good source, g-anni. I have been expecting a reverse stock split after the disappointing numbers are released at a date in sept maybe. 1000 to 1 imo.
SGCP upside among investors imo is weak, and sgcp is unable even tho they had the desire to sell 1 million dollars of shares, they could not.
Read the numbers in the filing. 1 million dollars of sgcp stock offered, only could sell roughly a tenth before the price per share plummetted that would possibly panic investors into selling.
Courtesy of G-ianni from this morning who responded to a request;
http://www.formds.com/issuers/sierra-gold-corp
Notice the ease last dredge season that sgcp had in acquiring large cash infusions from investors by offering the same amount of shares. Quite diff this year because imo, investor sentiment is to hold and not accumulate or get in as first time investors.
Burned by forward looking overly optimistic company pr's and confusion about whether sgcp by going into agriculture has investors imo also wondering if management knows sgcp cannot become profitable in any great degree from dredging.
Obviously sgcp sold/diluted at a certain ask/bid level, and rather than completely panic investors watching the share price plumett through levels of support, the sgcp had to halt sales before selling the 1 million dollars of shares. This indicates how weak investor interest is imo in SGCP stock compared to last year when sgcp had more buyers and could release more shares without causing alarm.
Yet, SGCP Is Not Able to sell the full million dollars offered,in fact nowhere close. IMO investors have refused to buy share amounts offered because of the failure of management to deliver on past forward looking statements.
Well, mdb1 had linked a site that discloses releases of company shares, i believe there was if i remember correctly one major release the end of april abouts, and on may 10th thereabouts as well.
Well, sooner or later, we may get a production report with the attending excuses for why sgcp failed in another mining season to flourish,imo.
So you believe doug "LOST" the gold before he delivered it for sale, that is why the sgcp is still Diluting?
Constant DILUTION: I agree, sgcp is selling what little gold they extracted at very high prices, but still sgcp continues to flood millions more shares into the market each month.
Dilution always sounds bad for shareholders unless it's a split for them. Is the company using it for continuing operations? That imo would be scary if the company is falling behind in product developement.
Excellent answer Dave, and i understand better how to set up a board myself now.
IMO,the awful production report that sooner or later sgcp imo will have to release will finish off sgcp totally.
O'course, might be this week, or next week it starts an ask at .0015. SGCP is still diluting, sending millions of new shares every month into the mix. I don't understand why they have to since the company promised that it would become profitable this season. Did SGCP directors have way to much optimism or was it incompetence.
Oh, i thought q's were bankrupt companies, i might be wrong, i've always sold companies like sgcp an did sell sgcp that i believe are going bankrupt before the vultures circled it.
Will it be this year.. Or next year, that the Q hits the sgcp ticker symbol. Or maybe sgcp does not even deserve to become a q symbol.
SGCP has just continued to go lower in PPS since you sold out.
I'm all for it if it raises company capital by extraction rather than dilution. Just pay off the locals in spare change and who cares about pollution so far away,.
Could be good advice, or maybe not. I think this stock is a trading range stock.
You are? Better get a satelite perch! LOL
imo Fr without production numbers=admission of failure by management to find the way to profitability, and will be a red flag signaling the collapse of the sgcp company.
"For more excuses from SGCP???????"Such As Doug having a Sprained foot caused the extraction numbers to be poor????