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So up 16% one day down the next and up now. Let's see tomorrow should be a down day. Hope I'm wrong.
The firm is USA Financial. They have indepenent Reps. throughtout the country. The scoring is called RAM.
I was impressed with this firm and IMHO a great group of honest guys. Their product, depending on the fund picked, went up 12-17% versus the S&P over the last 10 years. Of course this is a security product and while I past the test decide the cost and hassle was not something I wanted to deal with. I do sell Indexed Universal Life which uses the S&P 500. If the market goes down you get a 0% return and if it goes up you share in the gain, but they are capped at say 14%. These have average 7% or so in the last 12 years versus basically no gain in the S&P. Great place for safe money you cannot afford to lose. Also, using loans with zero net cost or variable rates where you can make gains on borrowed money you have tax free access to your money. Key is you die with the policy inforce and you never do have to pay any taxes. So a tax free even 5-7% looks much better than a CD and most stocks since you have no downside risk.
Heads up for those that care. First, I'm not a register invesment advisor, and I'm not selling anything, but wanted to let you know what their product is saying about the market in general. This product scores the market and individual stocks and picks out the top 50 to invest in. They use 6 indicators, to tell you when to be in or out of the market. It will not always get you in or out are the exact time but usually near the highs or lows withing a few per cent and has worked very well back testing versus the S&P. When these indicator go south you get a negaitive number and go into a bond or safe money fund so you have no losses and sometimes a decent gain. These indicators went off the end of September saying it is best to be out of stocks at this time. After seeing this work and flying up to their offices last year in Mich. Take it for what it is worth. I'm taking most of my cash to fixed until this next dip blow over and the market bottoms again.
As for SNEY, I'm staying as interest rates go up and inflation spikes assuming we get our act together this should be good for gold mine stocks assuming we do not go into a full blown depression, but just a nasty double dip.
OK whatever you say. I just suggest newbies take your positive post over the past year or so and place them against the chart. I think that is all the proof they need about following your advice. The proof is there for all to see! Last post of the day!
I'm talking about one of those big hitters with millions of shares and not us with a million or under
somoeone probably rode it up yesterday and sold off for their small gain today. Wash and repeat. Anyone here with a large amount of shares can range trade this and manipulate it at will with this low volume. I suspect some get bored waiting and do so.
How can that be when we are down 16%
Well, let me correct myself some people know, but we have not been told. Is that better? Could be good or bad.
As far as price it depends what has been found and if they found a market for it and the price. It is all an unknown. If we have found all these REES and we have a market for them then the numbers could be much higher than what we figured on just the gold. It would also fuel huge buying interest and demand for shares. Not saying it will happen, but with the hiring of a specialist in the area maybe the chances are better than many. The huge amount of shares is a big overhang as is the hurdles we noiw must get over since the decline. We will need some very big news to get to .05 and up.
Thanks. Let's hope this starts to climb from here and we get current and rid of the CE. Then we show some progress that shows they are self funding and will not need to dilute us further.
Yipee it is up. Go SNEY! Onlt .12 to BE - YES!
used to be worth $15,000 not so long ago
Point is Jim if you are happy with the status quo then fine. I do think if enough people are not and voice their opinion it will get heard and if Mgt. does not give a rats ass about shareholders what does that say about them? To me it says thank you for your money now get lost.
I think there was little momom because they promised to be caught up and never followed through. Better than a CD? Depends when you bought. For me so far down 70% a CD would have been better. Comparing a CD with a spec stock since the risk is much differnt is not a very good comparison. I think many assumed that they would be up to date and have results already out and be closer to .05-.10 than .005. I'm willing to wait since I really do not have much left and do not need the write offs. A pure Vegas gamble at this point for me.
Thanks for trying, but I'll believe it when I see it since SP has little credibility at this point. Let's hope for the best. Sure would be nice to know what the heck they are doing at this point. Are they working SL or have they stopped? Have they moved to Ghana and if so are they working both areas? I do think they could at least use a blog or something to tell us what is going on without disclosing how many ounces of gold they have found. Now this has dragged on from the summer to the end of the year at best to get real news. Just piss poor!
If these properties are so great then people would be flooding KATX and BVIG with JV offers and financing. Do you see any of that? Well, NO! Will you just stop lying to people it is really getting old.
There you going using logic again. Don't you know there is no place for that here? Don't you know that if you say KATX is worth $15 long enough some will actual believe it. Telling a lie over and over and over it actually becomes the truth. That has the be the premise of the long on this board because I hear news any day,KATX will be $15,Ken is honest, Ken has not sold a share,trust in Ken, RR has REES, HC has gold and on and on. At least some have a hint of truth. They just don't tell you there is not enough there to entice an investor to fund drilling and therefore most likely it is not viable to drill. Funny, how a 1 in a million chance of anything become a 100% certainty with the longs here.
Sorry, that is what I meant.
That works both ways. Putting up with Mgt. without voicing ones opinion allows them a pass on poor performance. While being optimistic is great expressing it can entice others to buy on the pump and hurts them. So, I believe in just telling it like it is and cut with the BS. If Mgt. is doing a great job I'll be one of the first to congratulate them.
wHAT MOTIVE? i HAVE ABOUT 800+K SHARES AT AN AVERAGE OF .185. My motive is to get Mgt. to do their job and not give uis tidbits of information with no follow up. I'm sick of being a bagholder, but down so much and strung out this long and I surely do not need the tax write offs after the feline. So, I'm frustrated and pissed at Mgt. lies and non transparency.
Maybe we could use an old song with Sney. It's 10 days more and what do you get? 10 days older and deeper in debt. etc.
Funny those that most likely sold during the pump can make fun of good folks that lost money. Not sure why it makes them feel better about themselves? I do wonder about people that revel in others misery. Oh well, Go SNEY- Bagholders of America are hoping you get your act together and start doing what is right by shareholders and acting like a legit company and not a scam.
Then in 10 days when nothing has happened their will be some other excuse and more BS to swallow. They could have gone to H&R Block SL and be finished months ago.LOL
Everything is a guess but he's done his DD? Some how knowing one thing for sure, not disclosed as a PR to all shareholders and then saying news in 10 days and it being a guess does not seem to me at least to make much sense, but nothing this company has done seems to. Oh well, wait on and on and on and on. Rah Rah SNEY.
I agree. Telling us they ordered equipment and never announciong it arrived and was working was poor PR. Saying how much gold per told they estimated was great until they never told us hopw much they found. Hiring a guy that had a process for REES was great until we heard no outcomes. SNEY has been one big tease so far without substance. Time for that to change is now and not sometime in the distant future. Otherwise it was just a big con.
How can you lose something you never had? All they had was paper. They spent others people's money to get that paper. I contend they lost nothing, but lived off of inflated salaries for a year. Now, the folks that actually spent their own money on this scam like me really lost money. It was their money they worked hard to accumulate. Sorry, I have no sympathy for the crooks that stole money from shareholders for their own benefit nor do I for those that lied to fellow shareholders for persoanl gain.
Just check a few times a week hoping that a miracle happens and we get our BVIG shares. Also, I hate it when crooks that want to lie and deceive others like they did to me go unopposed. The truth needs to be told.
This is the same wrong opinion all the way from .25 to .005 and you keep pumping the same thing over and over. Funny you tout 11 JV's. Big deal want money did they produce for his previous employer? Come on if you are going to tout them show what value each one had. Why don't you? Because they had lttle to no value but paint a picture like Ken is some genius and this is a no brainer. All you are trying to do is suck people in to this POS and then pump up the price and dump. We all know the game. After all that has happened how anyone can spout this garbrge for the 1000th time amazes me. The king has no clothes!
We can only hope.
If they find that they overpaid for Allied they would have to make some sort of adjustments would they not? I would think they audit we are spending all this time and money on would give us an idea of the true value. Many times these junior miners just pull value of their arses. Again, many times these deals are used for things shareholders have no clue about as they are a world away and we all know it is basically the wild west.
Really, you must follow a bunch of dogs because this one is down 80% off its high. I'm getting to thionk these junior mining scam run seasonally with this one being up in the spring before the summer rains and the ones in Canada also pumped in the spring for early summer drilling season. After the season and pump is over folks take off the trades wait for it to come back down and start the process over again as long as the story is still has some sizzle. I am hoping this was different, but looks like the same play book.
Actual Raj only got 11 years. Ken should get at least that much for two pumps and dumps!
It will be interesting if we see a write down of the estimated values and they take a loss on Allied also. The longer the delay the more it looks like they are inept or hiding something. I hope I'm wrong but when companies drag on this long it is usually not a good sign just like changing accounting firms can also be a red flag. This BS is really getting old and I hope they clear it up next week.
Since KATX has no prospect of drilling this year and not next unless they can get financing how do you know they will even be in business next year? Vale has done nothing so far to get past the option phase and only one year left assuming it was not concelled. With the price of copper way down and plenty of other sources of supply they can just wait KATX out and get Lucky for next to nothing. Who knows maybe Ken will not even have enough for the license and VALE takes over the claim.
I see no reason fro optimism as Ken has completely failed as a prospector, CEO and as a decent human being!
Some people surely get on their high horse now don't they.
LOL
Mikey, thing is many here are not interested in the truth. They are here to turn a buck any way possible. Many don't give a rats ass if this is a scam or legit as it is just a trade and it is all about buy low sell high. Getting in and out at the right time. The integrity of management to them is not an issue like it is to us few people trying to invest and not flip. You have to do what you think right and not worry about the noise and those telling you to sell because it is your money to do with what you want. IMHO they should be helping you instead of trying to shut to up. I think that is telling in itself.
Well I'm a scubaholic and now because I bought Sney a sneyholic because I can't afford to scuba. Changed vices and found this one destructive to my wealth.
I hear that Raj may need a cell mate for the next 20 years. I vote Ken Stead to be that person!
Yes, I think Ken should be sharing a cell with RAJ and get 19-25 years.