THE ALL-Knowing SGCP TRUTH TELLER!
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SGCP went nowhere today, it seems sgcp is diluting more shares.
I have to leave the board for some time, the deputy director of my company has informed me that there is an urgent need for me to be in east africa after the events of last week revealed numerous opportunities for the company to develope new business leads. I will even attempt to find the time to get to SL and find some dd on sgcp.
Probably no numbers until december. Mighty convenient for SGCP to keep releasing millions of shares until then.
Low buying, low interest, a drifting meaningless sgcp pps since the march report came out saw massive selloff and a near 50 % drop in PPS. SGCP continues to dilute, no one IMO really believes a great report is coming out or the volume would be high in the 20 million range..
Wrong turn,Already been worked in march, now no one has any faith in an sgcp gold report to bet on a good report coming out. It was a flat april leadup to another disappointing late april report. Too bad too, IMo i did well on those buyers of sgcp in march who foolishly saw a buying opportunity..Dilution continues..
Charts mean and show nothing about penny stocks except to show the sgcp slide to ignomity and probable bankruptcy. After a history of disappointing the market, sgcp cannot even draw enough buying attention for a quick bump up and a quick sale for day/short term traders.
Sierra Leone where sgcp has the gold dredging is judged to be one of the most corrupt countries in the world. IMO SGCP hopefully has safeguards to corruption. IMO Shareholders have no idea what those safeguards are from reading the company website.
Perhaps doug has his expansive sgcp expense account to enjoy.
SGCP is diluting shareholder value every day they release millions of shares. The best anyone can hope for is that no new investors get snookered into an sgcp bankruptcy.
Sgcp is the joke, sgcp has failed. SGCP has Always failed!
SGCP cannot make a profit imo unless gold reaches 5000 usd an oz!
SGCP won't record good gold sales imo because there are ways for doug to lose gold on the way to the company sale of the gold.
SGCP IMO will NOT release a report this month as the production earnings were negligent.
Monday imo a very bad day for sgcp. I believe sgcp will lose 15% of its share value on monday!
Carrier pidgeons would certainly save doug the expense of so many plane trips but probably would not lessen his extravagant paid for by shareholders expense account.
IMO: Dilution & Bankruptcy unless stockholders can grab control and force sgcp to sell the farm land, do away with everything except dredging.
Not true, you just have a higher priced pps and should have every bit as much as you had before from being a satisfied shareholder.
SGCP should end agriculture efforts, sell the land to stop the need for stock dilution for a while at least, cut director pay, stop building schools and go to work dredging and building stockholder value..
SGCP in vicious circle quandry:The more dilution,the less they get from each share and the more sgcp has to dilute.
LOL, the last bid just before close was about 33 dollars going through that took it from .18 to the previous close of .002!
Good point ttmasher,.Every dilution raises the bar to any increase in PPS.
1000 to one Reverse stock split would put more credibility in share value, as long as SGCP does not continue to dilute away that share price. IMO however, SGCP will simply continue shedding more shares to dilute shareholder value.
Then again, there are more associated costs,one is having 4.5 dredges burning diesel to one. The increased cost of diesel and dougs lavish trips over to africa and back.
SGCP is a failure. Never has found enough gold to sustain a profit and in my opinion never will. I don't expect the sgcp to be around in 3 years because the company cannot survive continuing to dilute shares.
Now, just think of the possible ways in which the sgcp management can "lose" the gold on the way to sell it. They could drop it by mistake, forget where they put it, have a car accident killing doug in a blazing inferno and it rolls into the river, a plane could crash directly on the gold sack, a bandit gang could rob them shooting doug full of holes. BTW, I'm very surprised you thought SGCP was stealing!
Now how do you see that in what i wrote?
That imo won't happen because there are ways to lose gold on the way to the company sale.
Low volume allowed MM's to artficially inflate PPS for a future scalping.
Reverse stock split! The only way imo that the sgcp PPS will reach a dime is through a reverse stock split.
When is the next chance to have a stockholder vote on director retention or replacment of directors for SGCP? Sometimes stockholders forget that management is responsible to stockholders for the performance of the company and the statements that are made to stockholders.
SGCP on low volume being mm'd today.
IMO the Lavish lifestyle of the directors of sgcp will continue as long as stock can be sold in sufficient quantities to enable the lifestyle. IMO to the world, SGCP won't release production numbers even though they know the numbers(which in my opinion are awful for current stockholders). SGCP will continue to release and grab money by diluting the company stock imo.
Pardon me, but a handscoop of sand on the zimmi bank with a hand that "might" have been recently touching gold dust is seen through as not enough of a sample to be taken seriously by investors in my opinion.
They might be if sgcp could find gold instead of diluting PPS as a means of allowing lavish lifestyles for the directors.
The Word is apparently already out on SGCP being a imo, failure.
No bonanza numbers are out on zimmi. For whatever reason the company must have hit duds imo at other dredge sites and has moved to a zimmi site that showed imo a weak amount of gold.
Or,to sell.. when the news comes out, it might have been better to sell.
I don't believe green bridge is a scam. Seems to be viable and growing with expert management practices.
Another bad-day of pps results for sgcp. Speculator777 deserves some praise for forsight in that He knew gold would drop and continue dropping to the 850 level after the terrorist threat was eliminated and that would be bad news for sgcp.
i would never average down on a failing company like imo sgcp is.
IMO SGCP is a failure of a gold recovery company.
Interday chart once again shows sgcp trading at less than the previous close. SGCP imo has no traction going forward to increase PPS after refusing to release gold extraction numbers for april. Meanwhile stockholders watch their sgcp holdings dwindle in value.