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I played the fool...
I Knew by August 2011 that things didn't appear right here, but I had already placed a large investment. Also had friends and family that joined me here.
It did not help that when I openly questioned the company's actions or non-actions, others on this board thought it was their right to criticize me.
Then the writing was on the wall once certain posters stopped posting here. True colors were shown.
This has been a tremendous mistake that I will be paying back for years to come...
After 15 years of trading penny stocks I have no intentions to continue. Waste of time, money, & energy.
Exactly pmunch. I don't believe they have anything similar here with CNYCF that they did with ESO/AMW. Not doing this R/S for the same reason as they did ESO/AMW...
I agree. Makes a hell of a shell play...
Anything under .01 could bode well for new investors..
Yeah, This one cuts deep. I questioned what was going on every step of the way, but I wasn't smart enough to sell out when I should of. Time to get a second job.
Email from Bob to a very good friend of mine. This friend invested a lot of money into CNYC - At this point I feel disgusted that I ever mentioned this company to him, my other friends, coworkers, and family.
Damn... He continues to mention Sandfield. It's not even a real company.
--- the forwarded message follows ---
From: XXXXXXX
To: Larry
Received: 20-Nov-13 11:15:01 AM
-----Original Message-----
From: Robert Meister <rmeister@canyoncc.com>
To: XXXXXXX
Sent: Wed, Nov 20, 2013 11:09 am
Subject: RE: CNYCF
Hello XXXXXXX,
Thank you for your email.
This was something that management had been discussing for a long time as an option to help resurrect Canyon Copper. (as this type of scenario worked for our sister company Alpha Minerals. Not insinuating that a similar response will happen with Canyon though).
However, I did only learn that these actions would be requested of the shareholders yesterday. The shareholders will be asked to approve the consolidation at the annual general and special meeting of shareholders to be held on Dec. 23, 2013.
This is a positive step as it will offer us more strategic opportunities with a tighter structure in moving forward in these difficult times for companies in the resource sector. I know firsthand that for companies like Canyon Copper you must have INCREDIBLE news to get any traction in today's market, but to get that great news you have to spend money, find a significant partner, hit a new discovery, or find a strategic way to outlast and take the opportunities that present themselves in a difficult market to make a big name for yourself.
We are and have been in ongoing discussions with Sandfield over the past several months. We are looking at different opportunities that will hopefully benefit both companies and it's shareholders but as of yet nothing has been solidified.
We are looking at numerous opportunities (which again are tough in this market) that will help us move the company forward.
Our goal is to ensure that Canyon Copper survives for the value of its shareholders.
Best regards,
Bob
lightning striking twice probability?
All we can do is wait it out...
I've been here 3 years. I have received multiple email repsonses similar to the one below over the duration...
"As I have told you before, we are all shareholders here and do have a vested interest in the success of the company, so over and above our ethical commitment to the company and its shareholders we do WANT to see success."
Or this solid response from 2 years ago...
12/08/11
Larry,
I can appreciate your comments and concerns, but obviously my daily updates to you haven't been adequate in your opinion. I am always here to answer your questions to the best of my ability, based on the information I am given.
As I said I do understand your concern and, as I have mentioned before, I am a substantial shareholder also... so I too am concerned when the stock price does fall, as is the rest of the management and team. We however are building a company here that is moving towards specific goals and we will attain them.
If you do not view the progress we have made as positive then I must assume you fully don't understand Canyon Copper and our company. We have just acquired a property that has an approximate Asset Value of $5 Billion,,, and you view this is a bad thing? Now combine that asset with our existing property in Nevada and we are Worth nearly $10 Billion in assets (based on today's commodity prices) and both have a very realistic opportunity of doubling in size and worth.........
We have been a successful company and we are working towards a goal of either going into production or making ourselves too valuable to be passed up both other companies, and we are WELL on our way to doing that.
I always appreciate your comments and questions but I am here to provide information to our shareholders in the best way possible... and I am not here as a whipping boy for your abuse.
If you as a shareholder had an issue about the way or our management has conducted ourselves we just had our AGM this week and you could have addressed these issues at that time directly to them or me. We have a very open and honest management and are always doing things in the best interest of the company and our shareholders.
Regards,
Bob
Yep, Sorry to say I was right. History repeats itself...
Gee, didn't see this com'n... Not... I said this was going to happen 1.5 years ago. R/S current shareholders out of the picture. Everyone can kiss their money goodbye now...
I hear ya... I believe there is absolutely nothing going on in the whole sector. No funding available. Surplus with low demand may hinder things for 2-5 yrs.
Bob told me he doesn't know who was the seller yesterday on CNC.
Canadian exchanges push to relax private placement rules
By Allison Martell
TORONTO, Sept 20 Fri Sep 20, 2013 1:24pm EDT
(Reuters) - Canada's main stock exchanges are pushing for regulatory changes that could make it easier for retail investors to participate in small financings long deemed too risky for the general public, a move that could help shore up the country's hard-hit junior mining sector.
But changing the rules could take a year or more because of the lengthy comment period required, and may come too late for the most vulnerable juniors. Others would benefit over the medium term.
http://www.reuters.com/article/2013/09/20/canada-venture-financing-idUSL2N0HF1HT20130920
Copper to average US$3.14/lb in 2014 - Cochilco survey
By Greta Bourke - Monday, November 18, 2013
http://www.bnamericas.com/news/metals/copper-to-average-us314-lb-in-2014-cochilco-survey
Are you shocked by the dumpage on CNC today? a 400,000 trade at .005 - Might be able to pick up shares at .001 or below pretty soon... Someday recoup some money on a shell play here.
I never received a response from Bob last month when I asked him if Sandfield was still in the process of obtaining listing on the TMX..
Hey Walker, Thanks for the heads up on MRIB. Got in a few weeks ago. Looks ready to break .01 for good. I assume the record breaking boat race, which MRIB is the lone sponsor, will make national news/headlines. Bringing more attention our way. JMHO
Thanks again...
Seriously, is there any chance of recovery here?
After 15 years of trading, I may call it quits. I jumped in big 3 years ago when people were touting the $hit out of this. They were talking of it going to $4.00 per share.
I would say shame on the pumpers who touted this and no longer post here, but I'm a big boy. My fault for getting in over my head.
CNC - 200,000 shares traded at .015 - Who has that many shares of CNC?
Time Price Shares Change Buyer Seller
09/19/2013 2:56 PM EDT 0.015 15,000 -0.01 001 025
09/19/2013 2:56 PM EDT 0.015 20,000 -0.01 001 025
09/19/2013 2:56 PM EDT 0.015 15,000 -0.01 001 025
09/19/2013 2:56 PM EDT 0.015 5,000 -0.01 001 025
09/19/2013 2:56 PM EDT 0.015 5,000 -0.01 001 025
09/19/2013 2:54 PM EDT 0.015 15,000 -0.01 001 025
09/19/2013 2:54 PM EDT 0.015 15,000 -0.01 001 025
09/19/2013 2:54 PM EDT 0.015 10,000 -0.01 001 025
09/19/2013 12:42 PM EDT 0.015 20,000 -0.01 001 025
09/19/2013 12:42 PM EDT 0.015 60,000 -0.01 002 025
09/19/2013 12:42 PM EDT 0.015 20,000 -0.01 007 025
--- the forwarded message follows ---
From: "Robert Meister" <rmeister@canyoncc.com>
To: "'Larry
Received: 13-Sep-13 11:29:18 AM
Hello Larry,
I hope you are doing well.
I don’t have any definitive dates yet. We are currently waiting for a couple of corporate procedures to complete before any updates, just to ensure that everything is fully up to date when we make any announcements.
Bob
Hmmm... No update yet. Should I be surprised? I'd be more surprised to find out Sandfield is a real company that got approved for listing on the TSX...
http://www.tmxmoney.com/en/market_activity/new_listings_venture_current.html
How long does it take to get the TSX approval? I believe it took CNC 1 year FWIW.
(Sister company)AMW - Fission Uranium to Acquire Alpha Shares for $7.67 per Alpha Share; Both to Spin Off Certain Assets
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 3, 2013) - FISSION URANIUM CORP. ("Fission") (TSX VENTURE:FCU) and ALPHA MINERALS INC. ("Alpha") (TSX VENTURE:AMW) are pleased to announce the signing of a non-binding letter of intent ("LOI") pursuant to which Fission has proposed (the "Proposed Transaction") to acquire Alpha and its primary asset, its 50% interest in the Patterson Lake South joint venture (the "PLS Joint Venture"), the other 50% of which is held by Fission. Under the terms of the LOI, Fission has agreed to offer shareholders of Alpha 5.725 shares of Fission for each Alpha share held by them. The offer represents a 14.5% premium to the unaffected share prices of Alpha and Fission on August 23, 2013, the date prior to Fission's initial proposal (refer to Fission press release dated August 26, 2013), and an 11.0% premium to the closing prices on August 30, 2013.
Additionally, Alpha shareholders will receive all of the common shares of a new company ("Alpha Spinco") which will be spun out from Alpha and hold all of Alpha's non-cash assets and obligations other than Alpha's interest in the PLS Joint Venture. Similarly, the current shareholders of Fission will receive all of the common shares of a new company ("Fission Spinco") which will be spun out from Fission and hold all of Fission's non-cash assets and obligations other than Fission's interest in the PLS Joint Venture and certain related assets. Under the terms of the LOI, each of Alpha Spinco and Fission Spinco will receive $3 million in cash from Alpha and Fission, respectively, to fund future programs at their other assets.
"This is an important milestone. Combining this incredible shallow and high grade uranium asset under one roof will benefit the shareholders of both companies. On behalf of Fission, I particularly want to thank Ben Ainsworth, Mike Gunning and the rest of the Alpha team for their efforts in reaching this point and I look forward to working with them further as we continue to develop PLS," said Dev Randhawa, Chairman of Fission.
Benjamin Ainsworth, President and CEO of Alpha, commented, "Our Board of Directors is pleased by the unification of this exploration project. Alpha and Fission have advanced Patterson Lake South in less than one year from initial discovery on November 3, 2012 to the continuing indications that it is one of the most significant uranium discoveries in the Athabasca Basin. We believe that with the consolidation, the project will provide further benefits to our shareholders. Also, the creation of a new company will offer our shareholders upside potential from the technologies used at PLS in the exploration of other properties in Alpha's portfolio."
Transaction Benefits
Both Fission and Alpha believe that the Proposed Transaction will provide a number of benefits to the shareholders of both companies, including the following:
•exchanging shares of Alpha for shares of Fission would consolidate 100% of the PLS Joint Venture into one unified company, removing the current 50:50 ownership of the PLS Joint Venture, which will streamline decision-making and allow for other efficiencies;
•the larger public float of a combined company should benefit both sets of shareholders by increasing liquidity; and
•shareholders of Alpha and Fission will continue to have exposure to the non-core assets of each company through the creation of Alpha Spinco and Fission Spinco, each of which will hold approximately $3 million in cash.
Proposed Transaction
Fission and Alpha expect the Proposed Transaction will be implemented by way of plan of arrangement. Alpha shall have the right to appoint two directors to a five-person board of Fission. Pursuant to the terms of the LOI, the completion of the Proposed Transaction is conditional upon a number of items, including, without limitation, the negotiation and entering into of a binding definitive agreement, approval of the shareholders of both Alpha and Fission, receipt of all necessary regulatory and court approvals and completion of satisfactory due diligence by both parties. Alpha has agreed to an exclusivity period for up to 10 days during which it will not solicit or initiate enquiries or participate in any discussions or negotiations relating to any other acquisition proposals, or issue any equity-like securities.
Full details of the Proposed Transaction will be included in the formal definitive agreement and management information circulars to be filed with the regulatory authorities and mailed to both Alpha and Fission shareholders in accordance with applicable securities laws. All Alpha and Fission shareholders are urged to read the respective information circulars once they become available as they will contain additional important information about the Proposed Transaction.
Alpha's outstanding options and warrants will be adjusted in accordance with their terms such that the number of Fission shares and Alpha Spinco shares received upon exercise and their respective exercise prices will reflect the exchange ratio and Proposed Transaction described above.
The Proposed Transaction is expected to be completed in November 2013 or such later date as the parties may agree. A special meeting of the shareholders of Alpha and a special meeting of the shareholders of Fission will be held at a time yet to be determined to approve the Proposed Transaction.
Alpha has engaged Raymond James Ltd. as its financial advisor and Miller Thomson LLP as its legal advisor in respect of the Proposed Transaction. The Special Committee of the board of directors of Alpha has engaged Gowling Lafleur Henderson LLP as its legal advisor. Fission has engaged Dundee Capital Markets as its financial advisor and Blake, Cassels & Graydon LLP as its legal advisor in respect of the Proposed Transaction.
About Fission Uranium Corp.
Fission Uranium Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol "FCU".
About Alpha Minerals Inc.
Alpha Minerals Inc. is a mineral exploration company whose principal focus is the exploration and development of uranium properties in Athabasca Basin in northern Saskatchewan, Canada. Common Shares are listed on the TSX Venture Exchange under the symbol "AMW".
ON BEHALF OF THE BOARD OF FISSION
Dev Randhawa, Chairman & CEO
ON BEHALF OF THE BOARD OF ALPHA
Ben Ainsworth, President & CEO
WTG Walker... I hope it continues
FLPC - You were right. Penny land now. Nice job!
FLPC - .01 x .0104 - Been trending up - I think it may make a nice flip - FWIW
FLPC - .0094 x .01 - Looks good - FWIW
UWRL - More news and the company repeats its position that the current share structure remains unchanged.
Maybe the pump crew that showed up today can get this back to .02-.03 range...
US Wireless Online, Inc. (UWRL) to Offer White Label Solutions for a Major On-Line Brokerage in EU Zone
8:32 AM ET 8/27/13 | Marketwire
US Wireless Online, Inc. (PINKSHEETS: UWRL) (www.uswirelesscorporation.com) (the "Company") is pleased to announce that it has signed an LOI (with task well under way) to commence offering "SYOB" (Start your own business) Solutions for a major on-line brokerage / liquidity provider and a market maker. Over the past 2 years, the Company has already established relationships with banks and credit card processors in Hong Kong, St. Vincent and other jurisdictions. The missing part was the backend liquidity provider and market maker which the Company has now secured. SYOB solutions are currently available for about $50,000 to $75,000 USD as transactional purchases. UWRL plans are to offer full backend CSR (Customer Service Relationship) services through our infrastructure call center in India. This service should generate the Company about $ 1,500,000 USD per annum residual income ($2,100 a month / 18hr / 5day a week support). The Company plans on offering its SYOB service at an aggressive $35,000 to $45,000 price point. Based on the Company "alpha and beta tests" research and development over the past 18 months, the management is of the opinion and expects to sell and set up approximately 45 to 50 units per annum. The management estimates that this division should generate about $1.8 to $2 Million Dollars in gross revenues. For the past 18 to 20 months the Company has also tested the viability, sustainability and performance of the SYOB system. The exercise with only organic marketing and word of mouth advertising has generated sufficient revenues to cover all expenses of the enterprise and return a decent double digit profit. Collectively the Company's various projections indicate a 50% return or net profit on both CSR and SYOB product lines.
In other company news and events, as per the news release of August 26, 2013, the Company repeats its position that the current share structure remains unchanged as follows. Our authorized shares were capped at 100,000,000 as of July 3, 2012. Our float is estimated to be 12,356,800 shares based on the internal records. 86,065,205 remain in escrow from 2011 and 2012. The Company is using this opportunity to address its followers concerns that the State of Wyoming indicates authorized shares of 1 billion and not 100 million. The Company "capped" its shares at 100 million shares. In other words, management felt that 100 million shares is sufficient to complete the India merger, settle various debts and complete all other tasks as per the news release of August 26 2013. The reason for the 1 billion shares Wyoming filing, was to have sufficient shares available for a "mega merger" with an existing IT company. These discussions are current and ongoing. This targeted Company has revenues and assets of several million dollars. Those discussions are still ongoing with due diligence well under way. The management was of the opinion that a confidentiality agreement and exploratory stage merger discussions did not warrant a public release. Obviously, if the mega merger does not take place a new filing will be made with the State of Wyoming reducing the share structure to the capped amount of 100 million shares. No further dilution or expansion other than the capped and escrowed shares is foreseen by the management. To that end, the Company intends to complete an "8k filing" with the SEC shortly which will clearly outline all of the corporate activities and cover the news releases dated May 28, July 26, Aug 22, 23, 26 and 27.
(AMW-Sister Company) ALPHA RESPONSE TO FISSION PROPOSAL
Vancouver, Canada, August 26, 2013: Alpha Minerals Inc. (TSX-V: AMW), (the “Company” or “Alpha”), confirms that it received on Friday August 23, 2013 at 4.00 pm (Pacific Standard Time) a non-binding proposal from Fission Uranium Corp. (TSXV- FCU) (“Fission”), its joint venture partner on the Patterson Lake South Project (“PLS”), on which Fission would be prepared to consider making an offer to acquire all of the outstanding shares of Alpha (the “Proposal”). The Proposal, which is described in a news release issued by Fission earlier today, stipulated that it would expire on Sunday, August 25th at 5.00 pm (Eastern Standard Time) (the “Expiry Time”).
Alpha has formed a special committee comprised of three (3) independent directors, and has engaged Raymond James Ltd. as its financial advisor. Miller Thomson LLP are legal counsel to Alpha and Gowling Lafleur Henderson LLP is legal advisor to the special committee.
After a careful review of the Proposal by the Alpha directors and its special committee together with their legal and financial advisors, Alpha provided Fission with a written response prior to the Expiry Time advising that the timing of the Proposal provided little opportunity for Alpha to consider the complex structure and content of the Proposal. Alpha also raised concerns about the timing of the Proposal in relation to the on-going active and very material drill program at PLS. In light of these considerations, Alpha requested additional time from Fission beyond the Expiry Time to consider the Proposal and its implications to the Alpha shareholders.
Alpha has been an active participant in an ongoing dialogue with Fission over the past several months regarding consolidation. Alpha and its team of financial and legal advisors wish to review further the interest expressed by Fission in their Proposal forwarded on Friday. Alpha and its advisors look forward to continuing this dialogue with Fission on the matter of consolidating PLS, and maximizing shareholder value. Alpha will continue to update its shareholders on the progress of the Proposal as and when information is available.
Patterson Lake South Property
The 31,000 hectare (76,000 acres) PLS project is a 50%/50% Joint Venture held by Alpha Minerals Inc (AMW) and Fission Uranium (FCU). The Joint Venture property is 100% owned with no underlying royalties or vendor payments. Alpha returns as the Operator of the Joint Venture in 2014. The property is accessible by road with primary access from all-weather Highway 955, which runs 74km north to the former Cluff Lake mine, (>60M lbs of U3O8 produced from multiple open pit and underground mines), and passes through the claims covering the UEX-Areva Shea Creek discoveries located 58km to the north, currently under active exploration and development.
On behalf of the Board of Directors of Alpha Minerals Inc.
“Ben Ainsworth”
President, CEO and Director
For corporate communications please contact:
Robert (Bob) Meister
Alpha Minerals Inc.
Suite 408 – 1199 West Pender St.
Vancouver, B.C., V6E 2R1
Phone: (604) 629-0293
Fax: (604) 684-9365
Toll Free: 1-866-629-0293
Email: info@alphaminerals.ca
Trading Symbol: TSX-V – AMW
That would be nice... eom
UWRL - News - 12,356,800 estimated float
August 26, 2013 13:51 ET
US Wireless Online, Inc. (UWRL) Provides Forward Guidance and Move Forward Into a $3.9 Billion Dollar Cloud Computing Marketplace
CHEYENNE, WYOMING--(Marketwired - Aug. 26, 2013) - US Wireless Online, Inc. (PINKSHEETS:UWRL) (www.uswirelesscorporation.com) (the "Company") further to the Company's news releases of July 26 and August 22, 2013, the Company is pleased to report its forward guidance and moving forward plans.
On or about June 28, 2011 the Company completed a reverse split of 500-1. Our authorized shares were capped at 100,000,000 as of July 3, 2012. Our float is estimated to be 12,356,800 shares based on the internal records and the fact that neither registration statement nor any shares were issued by the Company. The company did issue 3 tranches of restricted stock totaling 86,065,205 in escrow in 2011 and 2012. Those shares still remain in escrow. The purpose of the 86 million share issuance was three fold. Firstly, to settle any and all outstanding debts that remains on the books (approximately $3 million dollars). Secondly, to develop an introductory broker (IB), with the outlook to buy an existing off-shore brokerage namely www.pointzerofx.com, and a cloud computing business. This is well under way (See news dated December 4, 2012). PointZeroFX, a Seychelles-based financial company and an wholly owned subsidiary of USA based US Wireless Inc Ticker Symbol UWRL quoted on OTC Markets, is pleased to announce that PointZeroFX has successfully launched its test trading platform. Today, UWRL is a full time IB representing pointzerofx.com. Lastly, the balance of the stock is targeted to secure a merger with India IT company www.keytechnolabs.com. This merger was completed as per the previous announcement of July 26 and August 22, 2013.
The Company is using this opportunity to address other corporate matters that may be of interest to our loyal followers, and FAQ from our followers. The Company is aware that some Company critics may be disseminating certain disinformation about the Company activities on various Internet chat boards. To that end, the Company management comments as follows. The ex-management (Circa 2007) and ex-operating subsidiaries of UWRL were and may still be target of certain civil proceedings. UWRL has not been named nor does it expect to be. This action has nothing to do with UWRL. A default judgment of about $2.5 million against UWRL may be null and void for several reasons. One the "creditor" has been sanctioned by US authorities and second reason is the creditor appears to be out of business. The Company is of the opinion that if and any creditor comes forward with this debt, the same is expected to be settled at approximate pennies on the dollar. Obviously, should the Company settle, the escrow stock will return back to the treasury. All of this activity has created an "overhang" which prevented the Company to subscribe to OTC Markets. The Company is of the opinion that OTC Markets may finally lift this sanction. This opinion is based upon the recent invitation received by the Company from OTC Markets that will allow UWRL to commence its alternative reporting.
In 2012 the Company has also redomiciled to Wyoming from Nevada. As previously announced in a news release of May 28, 2013 the company has changed its name to Mercor Portfolio, Inc with State of Wyoming. The Company continues to trade under the ticker UWRL as the management is well under way of furnishing FINRA with documents they requested from the Company and the transfer agent to complete the switch over, to the new name and symbol.
The new board, officers and Directors will be named on the Wyoming site and filed accordingly very shortly. The Company will be answering all shareholders concerns directly via new contact email address uwrl@keytechnolabs.com. The Company expects to settle accounting with the Transfer Agent and submit its share structure to FINRA shortly. The Company is of the opinion that the unstable share price fluctuation seen recently is a one-time event for the reasons which are apparent on their face.
With the aforementioned re-organization and restructuring complete, the management sees a bright and positive future ahead as it ventures further into the cloud computing area space which has seen the market grow from $964 million in 2010 to $3.9 billion in 2013.
More details will follow on a timely and frequent basis.
TY... eom
Wow! I concur... Sell AMW and make a $hit load of money. Then get CNYCF moving...
After they sell, management will be able to focus 100% of their time and energy on CNYCF.
UWRL - .01 x .0117 now. eom
UWRL - .0055 x .0068 - Strange sell off. Maybe a bouncer. FWIW
Something positive while we wait. Hopefully it'll get back up near $4.00 next year.
LATF - .0017 x .0018 - Might move up a bit. FWIW
I feel much better now. You're hired on as the new IR. Thanks!
Could you please tell me who recorded that conversation?
LOL!
Did you notice AMW had another PR today? UnFreak'n real...
Meister to Ainsworth:
Knock knock
Who's there?
Canyon Copper
Canyon Copper who?
Knock knock
Who's there?
Sandfield Resources
Sandfield Resources who?
Ahhhh... Nevermind, just forget it. I give up.
Thanks Rig!
I'm sure the PR/update will be more ambiguous than Bob's emails.
PCXCQ - .50 x .505 now. Not bad - FWIW
FFFC - .0049 x .005 seems to be in play again. FWIW
PCXCQ - .39 x .3945 now. Not bad - FWIW