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DENVER, CO, Aug 25 (MARKET WIRE) --
Force Energy Corp. (OTCBB: FORC) (FRANKFURT: FC2) (hereafter "Force",
"the Company"), a junior Lithium and Rare Earths mineral exploration
company, is pleased to update shareholders on the Phase One exploration
program conducted on the Company's Zoro 1 property in west-central
Manitoba, Canada.
The objectives of this exploration program were to review historic ore
reserves, identify and potentially expand the known mineralized area on
the property, and determine economic potential of the spodumene-bearing
dykes delineated on the property.
The original exploration plan was to identify and sample the main target,
a pegmatite-hosted deposit of Lithium-bearing mineralization that is
exposed at surface, where historic exploration determined a resource of
over 1.7 million tons of lithium at 0.945%. In addition to exploring the
main dyke, the exploration team located the additional seven trenches
that had historically been noted on the Zoro 1 claim and produced a
geologic map of each trench. Once areas of interest were located, the
crew cleaned out the trenches and used a pick and shovel method to look
at rocks to find pegmatite. They then took channel samples using a rock
saw on historic trenches hosting pegmatite.
While exploring the main and additional seven dykes on the project area
the crew identified several additional trenches that had not been noted
in previous exploration programs. These findings suggest a potential for
a greater amount of resource to be spread across the property, and give
further encouragement for more detailed exploration.
Altogether 170 channel samples have been sent for assay at Activation
Laboratories in Ancaster, Ontario. The samples will be analyzed to
confirm historical lithium assays, and to assess the pegmatite for rare
earth elements, gold, rubidium, niobium, tantalum, tin, tungsten, and
beryllium, all of which add to the prospectivity and economic viability
of the Zoro 1 property. The analytical approach will be broad as we look
at samples for these value-added minerals.
Once the results of analytical testing have been received the Company
will compile a technical report based on this exploration program and
determine next steps for development of the property.
They will be heading to Arkansas and Mississippi right after the dealerships in the NW are setup.
yes indeed! gettem while they can cause this is heading north!
CHINESE MONEY COMING TO TYTAN!
IMO, this is a trip to setup a one of a kind USA dealership for the factory in China.
I SuSpEcT we are heading north!
Sounds like we are heading to dollar land!
bytor, you almost make me want to average down.
If we can get everyone from Camp#2 to get on the TYTN train tomorrow with fresh powder, I suspect we could do something about that 74%. I am coming in tomorrow with what I can.
I have called the "clinic" one time back on June the 8th. I called the cell phone number for "Barry" one time on June 8th. Which number is it exactly that works from the website Investor Relations? I got a "number disconnected" message.
This is not productive posting here anymore, now it has become a waste of time. The ticker will either close or a merger into something else. Hoping some money is recovered for you guys.
100% sure they were reported to the SEC, maybe something will come of it, who knows, GLTA.
Will watch from a distance.
"Short selling on OTC is extremely risky because these securities are often very thinly traded, which makes them very illiquid. This illiquidity can prove hazardous if an investor needs to cover an increasingly unprofitable short position."
All longs need to get involved with their powder tomorrow on TYTN.
Then how do you explain this:
20110824|TYTN|32776966|0|44434131|O
74% of today's volume was shorted
Then this from investopedia
"In regards to pink sheet and over-the-counter (OTC) listed securities, short selling is allowed. An OTC security is one that is not traded on a formal exchange such as the New York Stock Exchange or the American Stock Exchange. OTC securities are often quoted on the OTC Bulletin Board (OTCBB). Pink sheet securities are very similar to OTC securities in that they are not listed on exchanges, but are quoted on a daily publication issued by the National Quotation Bureau. However, pink sheet securities carry much more risk because they do not require the companies to register with the SEC or stay current in their financial statements.
Although short selling is allowed on these securities, it is not without its problems. Short selling on OTC is extremely risky because these securities are often very thinly traded, which makes them very illiquid. This illiquidity can prove hazardous if an investor needs to cover an increasingly unprofitable short position. If the volume is very low, covering the position may become a very unlikely prospect. Another problem that has arisen with short selling in OTC securities is the use of pump and dump schemes. These schemes are done by con artists who use internet message boards and SPAM emails to heavily promote a thinly traded stock in which they have long positions. When this happens, the result is often a high spike in the price of the stock, followed by a fall. However, the initial spike will devastate any investor with a short position. These schemes often use OTC stocks because they are relatively unknown when compared to exchange traded stocks.
Read more: http://www.investopedia.com/ask/answers/06/otcpinksheetshortselling.asp#ixzz1VzH3oPtQ
74% of volume short sales
20110824|TYTN|32776966|0|44434131|O
Going to be hard to complete the merger in the Bahamas, and I am serious about that statement. One of these crooks lives in the Bahamas.
Up 25%, Great close of .0015pps, I know someone who is upset today. :0
I got that gut feeling we are about to hear some news about another share reduction as SG heads this company to a higher exchange.
58% of volume shorted yesterday
20110823|TYTN|3107000|0|5346200|O
They have disclosed that their intent of this long journey is to "increase our mutually beneficial relationship" with Tytan. Discussions will include New Products and Marketing strategies on this side of the Pacific.
From the PR today
and everybody said amen!
long here, been on this board for months and the people here know it.
We have been waiting on the Chinese to show up for a long time, TYTN'ers believe this is where the big money is gonna come from. When they hit with their money, this shorting of the stock is gonna stop for awhile.
IMO
someone better start covering
for shorts
The only problem here is a big short position that is about to get burnt! GO TYTN!
exactly!!!!!!!!!!!!!!
Here are the shorts yesterday. They better be covering!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66474326
BIG MONEY COMING TO TYTN! AND THEY ARE HERE TO LOOK AT IT! DEEP CHINESE POCKETS!
Shorts get ready to cover! Look at the new portal! thedirectory.tv
then look at all the new sites coming on line! Run coming!
Hahahahahaha! Look at the news! cover time!
You got that right! TYTN big news coming! Buying trip for big tractors is any day! Can't hold a good company down forever! Getting ready for the run!
You did not answer the question, explain to him why it's being shorted and how it affects the stock and what's gonna happen when the shorts have to cover
SHORTS BETTER CLOSE! hahahaha, keep on shorting, got a gut feeling folks are gonna be running to cover.
But we may get some relief from the shorting. Why?
From investopedia - If a stock starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out. For example, say a stock rises 15% in one day,those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher
Better start covering! ;]
20% today and tomorrow probably won't get any better for the shorts.
I suspct u might b right
HOLY MACKEREL! 63% of the volume shorted! And everyone is running around trying to figure out why the pps is dropping.
20110823|SEEK|10006523|0|15943810|O
Wake up! When there is that much short volume going on, Mark is gonna be made out to be satan himself. Nothing but shorty's game on the stock, nothing else. Give me a break, this CEO is doing a great job but there is little he can do about greed.
Shorty is gonna get burnt and then the games will stop.
What about last Friday? 54% of the volume shorted
20110819|TYTN|7363225|0|13755000|O
Lets not forget Monday, 33% of the volume shorted
20110822|TYTN|2283000|0|6863871|O
Let's see if anyone can figure out the game being played daily here at CEYY. It's small but enough to knock the pps around for the past 2 months, and they are laughing all the way to the bank.
20110823|CEYY|20000|0|342750|O
here is why the stock is going down. When 58% of your volume is shorted, no wonder all the negative input and MM action.
20110823|TYTN|3107000|0|5346200|O
They better enjoy it while they can, shorty is gonna get burned playing with 28 million shares.
They say it is legal, but that doesn't make it right.
Everything that can be said about the share structure has been said.
*A/S is high (for a reason)
*O/S is ok (for a pink)
*The CEO is not diluting when he has returned shares 2X this year
*Sometimes the company sells shares to pay bills, its a public company not private.
*There will probably be more shares sold by the company until there is volume in sales(volume could increase dramatically this year).
Sit down, be quite and hang on. Mark has this under control.
sssssssshhhhhhhhh!!!!!!!! your not supposed to tell everyone that.
lol!