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I am with you on a lot of things but listing the amount of sells vs buys is not a very relevant metric to argue anything. The only thing relevant is who is more willing to concede. In the last couple weeks the buyers have been more willing to reach for the sellers price, causing the price to go up. The buyer/seller ratio could be flipped and it still would mean nothing if buyers aren't willing to reach and meet the sellers price. If I listed 10,000,000 buys for .005 would that make you happy? I hope not, because it wouldn't mean anything.
Still, I wouldn't recommend this stock to anyone for reasons completely separate from this.
You are right. Bad math. That is good volume for this stock. I retract my statement.
How is this good volume? It is 700.00 dollars. Unless you are from Ethiopia, this is a sad sad sad amount of money. Doesn't look like investors are flooding here. It looks like there is 1 investor that punched in the wrong symbol.
There are basically 2 possibilities here.
1. This is a genuine, fair, and crafty business attempt to raise money for Enigma to further develop their patented technology.
2. This is an immoral scam run by a group of people looking to squeeze more pennies out of innocent investors looking for a good opportunity.
Here is my analysis of this situation as a long term shareholder. WOLV by itself was dead in it's tracks. We didn't even have enough money to file the correct paper work let alone to start probing the ground to find minerals. WOLV is a failure.
Enigma is privately owned and could genuinely be using WOLV's status as being publicly traded to raise money. In exchange, WOLV takes it's useless self and has found a use for itself. That would all be fair.
Unfortunately, information is very scarce with this company. PR posts are few and far between. They are often as vague as they can legally be. As an average guy that has ownership in this company, how the company conveys information to me is very poor. That makes them untrustworthy. Any one that questions the legitimacy of this company has a good argument. Any one that claims this company is legitimate has no argument because WOLV has never been forthcoming with it's plan.
If a company is legitimate they would attract more investors by being very PR oriented. If it is a scam, they would do what WOLV does, which is be as vague as possible because you have no substance. Either that or the leadership is bad. Those are the only 2 options at this point. Recommendation: Do not buy.
About a month back I emailed the company and asked if the drilling had started and they said no. Might have changed by now. I also asked if the pp was completed and they said no.
Perhaps it is unrelated. But they have not started drilling yet.
No the PP was not completed yet. That is why drilling has not started.
I do not see a counter argument there. So I'm guessing you do not have one. But you did have a good personal attack. If we were debating each other's knowledge on each other's posting histories you would have me beat, so congratulations again. If for some crazy reason you still want to try to debate that an exploration company that investors have valued at 5 cents is not high risk then please continue.
Youre right. This is a solid investment. That is why the level of confidence in this investment is 5 cents a share. You have discovered the first penny stock in the history of finance that does not have high risk. Congratulations. You are also correct that when I call a 5 cent stock high risk on investor hub, I have a grand plan of buying up everybody's stock.
Fingers is correct when he says the only thing that will move this stock is news. This is an exploration company. There is no source of revenue to speak of, therefore there is no reason for the stock to move anywhere. The only thing that will move this stock EVER is news. That is the case with EVERY exploration company. This company is no different. That is not being negative, that is how exploration companies work. Furthermore a lot of people on here seem to think that this stock is a sure thing. This is an exploration company. It is almost equivalent to playing the lottery. Despite how well the company may be managed and the indicators that it could be successful, odds are this company will come up with nothing. That is not an opinion. That is fact based on the countless other exploration companies that have existed in history. There is a reason this is a penny stock. Penny stocks are risky and you will often lose. That is the truth. I do own shares in this company, however I am realistic and know what kind of investment Im getting into before I invest. This is money I wrote off as a loss the moment I put it in. It is a penny stock. If you do not understand that than you are ignorant and letting your feelings get in the way. There are no guarantees here.
The link below has good examples of previous IP success stories. After comparing a few of the reports to our report, I feel really good about the potential... REALLY GOOD. I recommend checking it out if you have time
http://www.quantecgeoscience.com/Tech/InducedPolarization.php
and
http://www.quantecgeoscience.com/Tech/Titan24Results.php
Drilling generally takes a month to a month and a half, then add another 6 weeks for analysis and results. I'm not sure if they started drilling yet. Like everything, it usually takes longer than expected. People that are saying June are likely wrong. I'm thinking August. Keep in mind these next drill results will likely prompt additional drilling. Assuming they are successful, they will poke many holes into the ground over the next year to fully prove up the grounds. These upcoming results though are the make it or brake it results.
Why would you buy shares at the ask if cheaper ones are available? That would mean retarded people are in this stock. I'm glad they are not.
If this stock has told us anything over the last year it is that this stock is never going to go up until the grounds are proven. The IP survey we are all waiting on will not prove anything. The ground must be proven with drill holes and core samples. Checking out all the posts on here about how this stock is ready to take off drives me crazy, because it's not. Have some patience. If there is copper in the ground we win and if not we lose. Most likely there is not. That's why it's a penny stock. Its a high risk/reward stock.
I dont understand why anyone cares about the day-to-day price of this stock when no news has been released to merit a shift in price. Small day-to-day adjustments have no real value when this is clearly a "wait for results" stock. We are either going to win big or lose big. That is what this is. If you want to trade day-to-day then go buy stock in BP and McDonald's. I personally like these dips. Being able to pick up shares at 10 cents is a gift and I actually hope it drops more. This is a prime time to add to a position. I thought I was set but then this opportunity arose and I plan to take advantage.
Show me >1.00 or show me 0.00
Pretty crazy for stock to go down that much and have a 2:1 buy:sell ratio. I must say I see no logic
Even though this stock is up 6 cents over the last few days I still have no problem buying at these levels. .15 is the new bargain
biggest discovery since Voisey's Bay????? maybe. and thats what i love about this company.
didnt go through.. i'll be slapping the ask first thing monday now. dont want to risk not getting my fill
I'm trying to drag the price down to .108 right now...
I believe this map is done in km. Each box is 2x2km. 9x20 miles is not accurate. Regardless the property is still huge.
I was wondering what a drill core looked like... so here it is.. this is NOT from WOLV drilling
http://www.321gold.com/editorials/moriarty/moriarty121205/0564_drillcore_ted.jpg
Edit previous post:
I think there is a gap in information on what is going to happen once the drill results are in. So my question basically is once we find out these drills were a success... Then what?
So let's say they have a decent find in this first drilling. Would they then just sell this part of the property as they explore other anomalies? And hypothetically what if the find turns out to be greater than any mining company could afford? Is that possible? And what would happen then?
I took this beautiful moment to add more shares..
Just put in for yet another buy. Probably the 10th time im adding to my position here.
A rush of geologist staking around the property?
I'm not worried about this company in the slightest bit. I do not intend to be negative. I have complete faith in wolv. Just having fun with some theories
So I have an incomplete theory on this stock/company.
A company such as this could easily manipulate the stock price to go up and still remain completely ethical. I'm going to explain what I mean. Then I'm going to give my reasons on WHY the company chooses NOT to do this. Hopefully others will chime in with their thoughts as well.
If the company were to give weekly updates it could eliminate the time erosion factor and elevate the stock price. Any update at all would boost confidence in the buyers and keep the stock moving up. For example they could say "We have moved equipment to the drill site and everything is going according to plan." A simple update such as that would easily boost the price in anticipation. I think this point is hard to argue. As you all know the company does not do this though.
That leaves me to the conclusion that the company does NOT WANT the stock price to go up at this time. So now the question is... WHY?
I have a few thoughts on this.
It could be an indicator that they do not plan on needing to raise more money. If the stock was higher they could easily raise more funds. However since it is currently low, raising funds would possibly decimate the current stock price. So why would the company not need to raise more money? My thought is that they expect a buyout sooner rather than later.
Perhaps a lower stock price is more attractive to potential buyouts? Not sure if that has any merit at all because I am not entirely sure how it would works.
Here is my strongest theory imo... By having a low stock price now, if the drill results come back and the price SKYROCKETS then it will go up a much higher percentage(example +800% instead of +400%). Which would bring a large amount of attention to the stock and perhaps attract a buyout that way and maybe get more $$$ purely based on hype.
Any other thoughts?
PS. Love this stock
They are practically giving away this stock right now. You'd be a fool not to add. Even if its just a few thousand shares. Considering the potential that each share is going to be worth very shortly, a few thousand shares can translate into $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
As my buddy said.... Good time to own a huge underground copper field.. oh wait.. we do.
Doubloon im going to throw you under the bus here because you already made this information public about a month ago. Also I think it's a good thing. So according to doubloon's past posts he holds around 1 million shares. He also claimed he could personally account for 4 million shares that were being held long by others. Thats about 1/10th of the float. Which is amazing news in my opinion.
I do not know this for fact. Information comes from my memory of previous posts.
I personally don't care what the price is.. You can drive it down all you want, chart boy. Likewise others can pump it all they want. When they find 5 billion in the ground. I'm take my 50 bucks a share and get a wolv tattoo on my forehead.
I'm typing on a cell phone so I'll keep it short.
The assumption I have that they are going to sell the land once They find the copper is based on 2 things:
1. The company discription says it's an exploration stage company
2. They do not have the assets, capital, or long term backing to actually do the mining
It's a good thing for us. IMO
Well I believe this is just an exploration company, so we never have to worry about that. From what I understand is once they are comfortable they will get a fair price for what is in the ground, they will sell the land to a mining company. So for now they are just trying to figure out how much is in the ground, so they know what that fair price is to sell for.
Someone please correct me if I'm wrong.
I'll dig and carry out with my bare hands. For free.
Are we not just waiting to be bought out after they find billions in the ground? Who cares about a chart or pps at this point.
How come no one mentioned the 25,000 shares that the CEO sold a few weeks back? Is it because it was a low amount of shares? I can't imagine why you would sell $4,000 dollars worth only. But even if they are currently only worth 4,000 now, in the future 25,000 shares could easily be worth $25,000 according to this board. So why would the guy throw away money like that? Unless he lost some faith in the company's potential.
So what kind of return we looking at if they find how much copper everyone hopes they find?
Where do you find out such information?