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Apparantly. Lucky dog! Kinda amazing when you really think about it. So much time answering emails that doesn't have time to write a PR giving the s/h anything. Merry Xmas. GLTU
Well, Merry Xmas to you and hope your list get filled. Know what Mikey calls you and says the same thing to me, but still believe there is a light at tunnels end, just really hard to see it. Still dreamin! GLTU
Why is he worried about being accused of promotion? What are they going to do, give us a 2x CE? He should give a guidance report to give the s/h something. Most companies give one each quarter. It helps calm negative sentiment. GLTU
Yes it would. That is exactly what I don't understand. Why he doesn't throw the dog a bone. It makes absolutily no sense! Mindboggling! IMO Bob doesn't get it and anyone who thinks that a simple guidance update isn't worth a PR doesn't have a clue, given the s/p and all the negative sentiment it is creating. GLTU
Bob is finalizing Zip. He answers emails and says the ink is drying or soon. He been saying that for months literally. He has Big News that never comes, so how about a nice guidance/biz ops update. Hell, how about anything?? Too much to ask from a transparent CEO I guess!
Why is it that Bob, one who has professed about taking care of the longs, gives us nodda? We all wait for this news flash, when all that is needed is an update and some future guidance. So many issues to address and he addresses NONE OF THEM! Why is that? This is getting old. Merry Christmas Bob!
To explain why? The s/p is what it was roughly this time a year ago. We had no production, no sales, no inventory backlog. Today we have sales , income, albeit not what Bob said, but sales never the less. And we do have piles of processed material for sale. So give Bon kudos for getting a biz up and running. NO kuddos for how he has done on actually running the company now. But all in all the overall outlook should be positive compared to where we were a year ago. If he will fix the issues the s/p will be 2 to 3 cents in a week. Then we are all well and happy and Bob's net worth in $60 mill. Someday he will get it IMO. GLTA
Its pretty warm in Baja, so think the ink has dried. But like I said no real reason to sell at these prices. No matter how you spin it, we are in better shape than we were a year ago and at this s/p. Bob is the biggest loser to net asset value, so believe even he can figure it out. Problem is why is it taking it so long for the light to go on? The $60 million question? GLTU
Very true. But in the over all perspective the company is in much better position than 1 year ago. We have production and inventory to sell, and a unknown size of processed material. So selling at these prices is not a good investment decision. There is really no reason to sell at these prices. The s/p is way under the asset value of this company, even if Bob doesn't understand how to run this company, we are stuck with him but it's not that bad and he will wakeup someday IMO. GLTA
Like your plan, but Bob is running this boat. If he would stand up and be counted this could turn. We need a PR stating guidance and a legit game plan(biz plan) for the s/h. This silence shit is really hurting us more than the CE/DTC issues. No info equates to sell for most that aren't too far underwater. The people in contact with Bob should be telling him this, and for all we know they are. Is he listening? Who knows?? He spends more time answering emails than it would take to address the s/h issues in a PR. So lack of time isn't the answer. What is, who the Hell knows? GLTU
Funny! But we are a producing mine now, so things are better than back then. I'm sure those longs are Happy! Happy! Happy!! We will be better off I'm assuming.
No, Bob told me! There is your proof! Boy, that works well. All good now. Bob told me that too.
Well, that said and was no newsletter promo, then why didn't they removed it? Why, since illegally applied, were they not worried about being sued? Seems the mere threat of lawsuit would have made them drop it. Illegal, right?
Bob doesn't have the cash for buyback. There is something else going on and we don't know the reason. If the equipment asked about was too expensive then the buyback is not likely to happen for some time, if ever IMO. 2 shipments and the overhead of monthly ops has eatened profits up on those shipments. Ops cost must range from $250 to $400k per month. Shipping and trucking come off the top and then paying off a % of private investor capital. Run the numbers and we are on a tight budget till we ship every couple months at least. It will be a while IMO, but we will be fine later next year. IF our CEO would get his sh't together much sooner.GLTU
Some post here that have never run a business and then state they know the ops. If they are investors why invest in this company? They believed what was told to them. Simple as that. Why hold, cause they believe the CEO will do what he says. Does that make them wrong or right? No, of course not. But when the CEO professes to be pro longs and does nothing to stem the fall of s/p, then people question what has been said and posted and emailed to them. Only natural to question, when promises have become unmet. GLTA
Okay well stated. But if it's bleeding don't you do something to stop it? Tell me another CEO that lets his company s/p bleed to death with no fight? No PR on issues and guidance and any time frame in months. Just say SOON and forget it! WHEN DOES THE FIGHTER IN BOB COME OUT AND SAY ENOUGH IS ENOUGH AND TAKE CHARGE?
GLTU
I've heard the stories. Do I believe them? Maybe? The reason for the CE and the removal of such, has been explained in many lights, but none ring true to me. I ask you this. If it was your company and it was put on you illegally and it affected your credibility , your net worth, would you take it? It takes a great deal of time and money to uplist and perhaps more than to remove. Uplisting with a clean slate would do more for investor confidnece than uplisting to skirt the issue IMO.
Yes, you, I and a few others that have been involved with real companies that run ops correctly and they don't find it hard to get biz ops done in a reasonable amount of time. And agree with carolina, how long is long? GLTU and have a Merry Christmas. Hope we do!
He didnt say he was buying. He said he was holding. Probably believed like most of us at one time and is now stuck like most of us!
Please explain why it is that difficult? 1000s of companies seem to get it done each year. So why not Bob?
Way to go Nisbo! Bet you get a lot of prove it and asked and answered on that one. Agree with you completely. The question to me in Why? Bob told me around the end of first quarter and still waiting on fins. Guess someday we will hear or see or something. GLTU
Your right! Awesome!! Thanks for the great info.
One was just posted. Start there with the Prove it, as always.
Nope, Valley Equip set up in late Nov./Dec for full production. Direct from Bob, not me speculating.
Neither do you. I mean deal with facts. No personel attacks here, can you say the same. Nope!
Funny, where is the proof that there are 100,s! Don't see that either. Can you verify? Think not!
Didn't think there were 100's of buyers. Just stating what has been posted here numerous times by the people that do all the DD on this company. Kind of the Holy Grail thing. GLTA
Yes, all is good! You are correct. Couldn't be better. Great numbers, good PR's, full transparency. Life is good. Oh, one thing though, might be the s/p??
I hear ya! This is a mess IMO. Nothing really makes sense. We have product, we need cash for equip. and we don't sell. How that adds up as a positive is way beyond me. GLTU
Things are always brewing. When does one get to drink the brew or is this a 12 year Scotch that we must wait for? GLTU
But we have been in full production for 8 to 10 months. That was around 40k tons per month. So we have sold 70k tons+. We should have closer to 200k tons, and yet we don't sell with 100's of buyers waiting. What's up with that picture?
Yeah right!! Awesome, 1 ship every 6 months or so!! So current shipping rate the next ship is in late May/june?? Really impressive!
Since Bob can't seem to get out of ground and ship, we can all hope he sells it to someone who can. And please don't call what we have done as in full production. That is getting old. Lets see when was the last shipment? Wasn't it June! Full production?? Not very impressive and you can spin that anyway you want. Hopefully next year will be better. GLTA
Pull up alibaba. Lots of numbers listed. Also, the wholesale price sold to fert companies is out there in cyberland.
Fert sells for around $79/ton, about 40% less than iron/ore spot and that is considered low margin. We sell wholesale and not in 1 pound boxes at Home Depot. But if Cotton has a contract to sell to Home Depot then we really have something.
You are kidding, right? No correlation?? You're right, a skull and cross bones doesn't keep new investors from buying shares. Come on, this one is laughable!! You're better than this!
Problem with that number is that works out to 20k tons/mon. Nothing even close to 40k tons/month. And your throwing ferts in that number which is low margin byproduct. So as you stated a double in production could get us to a ship load per month and that would be a strong statement for management.The question is when? We were are lead to believe that was going to happen by end of first quarter this year. A PR stating guidance and a real game plan is badly needed IMO. GLTU
My buddy Balihi told me they are not done, just the docs. And he knows all that is going on, so that is the real status. But yes, if done, release them so we can see where the bodies are buried, or how we really stand. Clarity good or bad, will help in the long run in my opinion. GLTU
Thanks for the info. It is very helpful and appreciated. GLTU
Micro said they were done, and figured he got that from Bob. Maybe just spec?