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The mythical short nonsense is so humorous.
The march goes on in unqualified assertions of a massive naked naked short in PYCT, and yet no hard proof is ever provided. Instead all that is given is some hand waving, statements of potential loopholes, and articles that indicate shorting is possible and some methods that may be used to lower stock prices. But, never anything specific to show a real short in PYCT.
To counter the mythical massive naked short story, various factual items specifically pertaining to PYCT are repeatedly brought up. Not generalities of loopholes and how shorting can exist. Items such as the bi-weekly FTD report tracking the PYCT short share status (the report showed a negligible short back in 2010, which was subsequently cleared up, and now shows NO short existing in PYCT), as well as the previous corporate events of the PayChest company name change and the WPMLF dividend payout. If a short truly existed these two events would have shown significant PYCT share and dividend buying activity to the tune of tens of billions if some were to be believed, but none occurred. These items clearly demonstrate NO massive short really exists in PayChest.
Of course, there is other anecdotal evidence of no existing short in PYCT. Notice that there was no hint of a short squeeze occurring when PayChest PRd their blockbuster news about commencing production, the $1.2M purchase order, the PYCT share buybacks, the world-wide marketing and sales force, etc., etc..
Nope, instead, what was observed was exceptionally high volume days around the news releases, but a share price that basically pegged around $0.0001, with only some limited (miniscule) buying at $0.0002/$0.0003. Within a day or two the share price was back to its signature status of NO-BID and $0.0001.
What was seen at these times was indicative of massive selling. Selling that would be easily explained as being done by insiders/funders. These same folks that have been converting preferred shares and notes into common shares, and dumping them as the market will bear and for what they can get, even if it's UNDER $0.0001. Toxic financing arrangements enable them to convert and sell shares at under market values, a sweet heart deal for sure. How else can they be converting into so many billions of shares and yet never appear on the Beneficial Shareholders listing in the PayChest financial reports if it weren't for their aggressive selling?
Searching and discussing a mythical massive naked short in PYCT is only a distraction meant to clown folks around and keep them entertained. Massive naked shorts don't exist in PYCT per the corporate events mentioned above, coupled with the anecdotal evidence of nothing of consequence happening around their blockbuster PRs. Of course, this nonsensical talk of shorts might entice a few naive investors to buy current underwater shares that have been stuck for years.
Anyway, another day in the land of PayChest.
NVGT is a very volatile stock. Hard to get a read on where this want to go.
Good luck all.
adanac, looks like Tom is clowning around with anyone that calls him with questions.
Bob, appreciate this summary. I'm just curious, was the meeting well attended by shareholders and any media? It's nice to know they've been busy acquiring more acreage and look forward to LODE possibly starting exploration drilling by years end.
Have a good one.
123tom, interesting assessment. An EGO pull back of 10% to test the 3 year old downward trend would be too bad (as long as it holds that level).
Will have to see how the summer stacks up.
Looks like NVGT has some folks on their payroll who's job is market awareness on THIS board. What, no disclosures?
So much for the good news having a positive effect on the share price. Looks like some dilution to me, or someone wants out really bad.
jumperosa, I think that after all the warnings and due diligence presented here regarding ASYI, if anyone still wants to buy more ASYI lottery tickets they should feel free to do so. I'm sure come the first day of trading on the greys there will many folks who will be down right appreciative for someone to take their "musical shares" off their hands.
From the AGCZ website:
- Andes Gold owns two producing mines and one fully operating mill.
- The mill is currently processing 50 tons of ore per day
Don't know if it's accurate or not, likewise I question the financials (especially concerning Meadows). I was of the understanding that AGCZ is supposed to be a subsidiary of NWGC, so I don't know what is going on with the book keeping between the two entities. Do you see the 50-50% and 80-20% splits being made in the two financials? I didn't when I first looked at the AGCZ financial report.
As far as I could tell the financial was very opaque as nothing was mentioned regarding actual ore throughput, recovery rates and price of gold sold for to equate for revenues. I typically see this type of info published by mining companies. Likewise, why no NI43-101 report on their website, since they state their supposed resources? That is very odd and questionable as well.
So, if you talk to Rob, you might want to ask him when he intends to address some of these observations and concerns that some in the investment community have regarding this lacking disclosure to the public.
http://www.andesgoldmine.com/
Anyway, thanks and have good day.
oxnous, yes, would be great to see the stock finally break out above its recent trading range.
Sorry, but you may not be aware that this board is for folks to identify those stocks with significant A/S and that are ready for massive share dilution (hence the name of the message board). Posting the details allows the moderator ($$$TOCK_007) to update the master list. So, yes, I was replying to someone and providing an update to my last post here, when PYCT had 28 Billion A/S.
The SEC sure weighed in on those referenced SRGE PRs and said they were bunk, hence the SEC suspension and banishment to the greys. The company can't declare and use the word "resources" unless the NI43-101 indicates it is economical to mine the ore, so SRGE screwed up in that pumping PR. The PDF hyperlink on the SRGE website for the 43-101 report isn't working, as are many others. The Cinco site was shown by video evidence to be derelict, just months AFTER SRGE stated they were mining it. Just a couple examples in a string of lies made by the SRGE miscreants.
BTW, the above isn't opinion, but is instead factual. No amount of projections and thoughts of wealth will change the fact that the SRGE team abandoned the shareholders and ran away with their money.
Good luck.
Gainmaker, no it is not true.
Definitely a nice bit of good news today and the market liked ATNAF. Another step in the right direction.
http://ih.advfn.com/p.php?pid=nmona&article=62676683&symbol=ATNAF
Good day to all.
brightguy, I think most are very aware that the SRGE miscreants took off with the shareholder money, and that too goes for the MSJ asset grab IF such a thing really happened (which I seriously doubt).
Folks can talk about BGL/MSJ issues and how they may relate to SRGE, but at the end of the day, it's all the same, SRGE is gone and there is NO one looking out for the abandoned shareholders. Otherwise, the company would be in good standing with Nevada and SRGE management would have PRd something to let everyone know they were alive (LOL, yeah, right) and working with MSJ. But, that didn't happen. Instead they ran off in the night with the SEC, DHS and various media outlets on their heels, not to be heard from since the SEC suspension.
Oh well, a valuable learning experience for many no doubt.
Anyway, good day to you.
Maybe that's a problem, I don't look at public traded companies through my beer goggles. LOL
I remove the rose colored glasses too, and do my best to try and critically evaluate all potential investment candidates, such as PayChest. Unfortunately, PYCT hasn't give me much reason thus far to put my money into it. Too many forward looking promises and not enough tangible and verifiable progress made to date. That, and the scary share structure with 29 Billion A/S and over 27 Billion shares in the outstanding. But, I'm still watching it to see if they really want to do what it takes to become a viable business.
Regarding PYCT looking good at this price, I don't know what to say other than what is good about a NO-BID stock? As soon as someone buys the stock they can't turn around and sell it, even if they wanted to. The website is greatly lacking as it's evident the company has neglected it for some time (probably due to the Chill being in affect for so long). They have yet to load it with the April 2014 PR about getting the 2 year old DTC Chill lifted, or even the share retirement PR. It is also missing the product and packaging information which many have been waiting for for some time now (should have been available over two years ago as they stated in a PR that commercial production commenced in Nov. 2011, yes, that was in 2011).
New PCFG owner that holds no position in the stock? Mitch and Rob are truly a piece of work. I won't be surprised to see another R/S coming around the bend shortly, to clean up and reduce the share structure again. Hopefully a new owner will then do something to get the exploration and resource definitions going, as well as complete the necessary mine infrastructure to be able to process ore.
http://ih.advfn.com/p.php?pid=nmona&article=62681486
Good luck to all.
PYCT - 29 Billion A/S
O/S is currently bumping near the limit at over 27 Billion shares. Zero revenue over past 10 years and no money in the bank per their financials. Toxic financing up the wazoo.
This bloated pig can't see a sustained bid of $0.0002, even with news of completing a measly 100 million share buyback (was just a carrot to entice newbies to buy more $0.0001 paper). Really sad how the shareholders have been diluted into oblivion with some 20 Billion shares added since 2004.
I've now placed PayChest on Deathwatch.
ASYI pending ticker revocation
Like so many other companies that were reporting to the SEC, but had their business licenses revoked and didn't submit required filings for over 2 years and were then SEC suspended, next came their ticker revocations. They do this to keep investors from buying shares in defunct companies and from cluttering up the exchanges with zombie stocks that are subject to manipulations.
ASYI is now in this precarious situation, and is in line to have its ticker revoked by the SEC. What this means in layman's terms is that the ASYI ticker symbol will be delisted and the ASYI shares will become valueless. Once this happens brokerages typically will give investors US$1 for all of their share position and the investment loss can then be written off for tax purposes.
If the revocation doesn't occur by June 2nd, and ASYI starts trading on the grey sheets, I'd think people should consider themselves lucky if some kind of trading goes on and they can get $0.0001 for their shares. A pump would need to occur to make this happen. But, regardless, I'd give it less than a month until the SEC clears the hurdles and the revocation is made. Could come as soon as next week.
Anyway, good luck to all.
By LAW, the SEC can only suspend a stock for a MAXIMUM of 10 days, that's it. So, all suspensions are temporary. They then move to trading on the grey sheets after four days of no market maker activity per exchange requirements. Now getting ready for next step, which is complete revocation of the ASYI ticker. The government will NOT allow continued trading on an abandoned and license revoked shell.
To see what the SEC can and can't do, and what to expect during these processes visit the following link:
http://www.sec.gov/index.htm
Everyone has now been warned.
Good day to you.
How nice to see a breakout in CDE.
Good day to all.
Are you the Roy Meadows being identified in the AGCZ disclosure reports?
zioni007. you might want to take that up with Roy Meadows. His name is prominent in the AGCZ disclosure report.
The problem is Roy has been given over a billion shares as part of some mysterious debt payback, but the company financial report doesn't say a peep about any transaction with him. How much did he give the company (a company by the the way that says it's profitable), how much does the company still owe him after this billion of shares, what were the terms of the loan (was it toxic, and is he getting shares converted at under market value?)? A whole lot of questions and no answers.
It looks like Roy is single-handedly destroying any opportunity for the share price to rise. He's been given all these AGCZ shares over the last 18 months or so and yet his name doesn't appear on the list of beneficial shareholders, which means he is selling shares like a mad man.
Anyway, it will be interesting to see if the buy pressure outweighs his continued selling pressure.
Good day to you.
Looks like CDE has some wind in its sails. Nice last couple of trading days.
Good day to all.
The stories associated with SRGE are becoming more amusing every day. The latest are simply unbelievable (and for good reason)!
Kinross publicly denied a JV deal was consummated with SRGE and the SEC then moved to suspend SRGE and kick them to the grey sheets. But, now we're being led to believe that Kinross somehow decided to stealthily buy 75% of all outstanding SRGE junk shares? ROTFLMAO I'd ask for a link identifying this outlandish assertion, but, as it is obviously all made up, I'm positive it would never be produced. I wonder where the actual number of 75% even came from (probably a random number generator)?
"Psst ... Guys, I hear that Kinross is stealthily buying 75% of all outstanding SRGE shares?"
Also, the board now has been reading for over 1.5 years about the SRGE chart pointing to a massive imminent share price increase. But, alas, all that has resulted is a continued decrease in share value (now down around 97% since SRGE was first suspended by the SEC). This weekly mantra of impending significant price increase sure sounds like a cross between the little boy who cried wolf and a broken record. It does add to the entertainment factor though.
Good luck to anyone believing the latest imaginary SRGE stories.
SRGE/MSJ have not been heard from for well over a year, and no one can contact either party. This represents SRGE shareholder abandonment, they've been left in the cold. Nevertheless, it is entertaining to see SRGE back on the most active board.
It's hard to understand that there is still lack of acceptance that the SEC suspended SRGE due to real issues such as the unsubstantiated and false claim of the Kinross JV contract, among other things. And, that divy sure did draw in a lot of inexperienced investors. Pure and simple, SRGE was NOT legit.
In conclusion, I'd like to thank the team effort in identifying what really went on at SRGE. Without the express diligence of the SEC, FINRA, FBI, DHS, other nameless companies, and the many fine news/media organizations looking into SRGE's fake corporate address and their questionable PRs and financials, the Cinco mine which was shown to be in shambles only months after SRGE was supposedly mining it, and even the anonymous report concerning the supposed deaths of SRGE's executives in Mexico, many more investors could have lost money in SRGE. It was truly a successful and concerted effort by all to expose SRGE. No wonder the miscreants ran off into the night, never to be heard from since. Now it looks like it's up to the DOJ to do what they do best, and that is to try and bring the SRGE miscreants to justice (Mexico does support extradition so there is some hope yet).
Recent board volume increase is likely a last ditch effort to sell underwater SRGE shares. Good luck to those deciding to ride this stock into oblivion.
"Got to sell my SRGE shares, Got to sell my SRGE shares, Got to sell my SRGE ..."
That would be a positive step changing the PayChest company name to something that better aligns with what products they are trying to market. The PayChest company name needs to go for sure. The word sustain sounds appropriate and eco friendly. As such, I think that it would be a good choice.
I honestly don't see innocent ASYI investors/traders. What I see, and as many have openly admitted, are lottery ticket holders.
Yes, SRGE management is due for a return appearance to make all the loyal shareholders $$$$ millionaires!! I hear that should occur on the very same day that hell freezes over, so Davies can skate onto the scene with his pointed tail and pitchfork in hand.
As is evident over this last month, very few want to actually bid up and buy SRGE shares. Yes, some painting goes on once in a while to give the appearance that SRGE still has a pulse, but trades of $10 to $80 isn't very convincing. So, in the meantime, with the shares worth so little, what is a shareholder to do other than just sit back, relax and watch the remaining money disappear as the trading volume and SRGE share price withers away on the greys (SRGE is down something like 97% since trading was first suspended). Who knows, maybe there will be some better trading action in the late fall when the tax loss selling season starts.
Such a sad saga. Hopefully some ill gotten gains eventually will be collected from the SRGE miscreants and distributed to the down-trodden shareholders as restitution.
"SRGE will make me a millionaire, SRGE will make me a millionaire, SRGE will make me a ..."
Good luck all.
PRmaniac, thanks for the clarification.
If that is all the info required to be reported to stay clean, then that is indeed disturbing being over a month delinquent. How is it PayChest can spend their time issuing all these forward looking statements and yet refuse to provide this basic straight forward information? Just another black eye and example of PayChest having problems with adhering to their reporting obligations.
Certainly the company should know that blowing off this requirement could result in them getting their business license revoked from the NV SOS. Maybe something has changed in the share structure that they'd rather keep from prying eyes. What is really going on behind the PayChest curtain?
One thing that is becoming more apparent to me as each month passes is that it's about time to replace existing PayChest management if this company is ever expected to become a successful and profitable business, and one that is taken seriously by the investment community at large.
Anyway, thanks again and good day to you.
Nice to see a steady share price increase the past couple of days. Need the BLTA share price to stay above the 200 mda (currently at $0.145) and pull the 50 dma up above that level, and then we should be in good shape. May take a couple of weeks to accomplish that cross over (maybe in line with aircraft maintenance and training completions).
Good day to all.
Actually, EarnestDD, this news is good in that just maybe it will now sink in that shareholders were feed a bunch of lies and were ripped off by the SRGE miscreants. It would be great if Davies returned from the dead to answer to the FEDs that were looking for him at the proven false corporate headquarters in Texas, but alas, Davies was just a figment of imagination. I do hope the SRGE IRP is caught and brought to justice for his/her role in taking the shareholders money.
Anyway, good day to you.
whynot1790, you may very well be right. It looks like shorts are covering and longs are averaging down at the $0.005 and under levels. Probably not much left to prop up the SKTO share price going forward. In fact, many longs may have thus far been holding on to see if they could get more than $0.005 and now will have to consider getting less for any shares they may want to sell. Interesting dynamics to watch as the shares trade hands.
Anyway, good day to you.
NYBob, especially if silver is to reach the historical 16:1 ratio of Gold. Silver will require a massive increase in price, which will bode extremely well for HL and the other predominately silver miners. Things may be looking up for this summer.
Good day to you.
swim, perhaps PYCT will do so and I can appreciate shareholder optimism. All I know is I've been waiting quite a while now and have tried to give PayChest the benefit of the doubt. But, I must say that my patience is starting to wear a little thin, and am becoming increasingly concerned with their cash burn rate and squeeze from an over-burdened share structure.
Based on PayChest's cash burn rate, as presented in the company 2013 financial report, there is a significant and valid concern about their financial survival. This concern has been spelled out on page 14 in their report and indicates they now have little room to grow the outstanding share count further. Page 13 iterates that the economic environment is poor and that because of it they need to get revenues and profits to become self sustaining as quickly as possible. Too bad it turns out they weren't really working behind the scenes during the two year Chill as was touted by the IR rep, otherwise they'd have something concrete to PR by now.
The question folks should be asking themselves, or the company rep, can PayChest go on and expect to keep getting stealth funding or new toxic financing arrangements in order to let them drag this story out another year or two? IMO this year is make it or break it for the company. They are in between a rock and a hard place of having a maximum share structure and the need to obtain additional necessary funding to keep the company solvent.
Page 14:
Unfortunate hit to SKTO. Will be interesting to see what comes of all the bad press.
Good luck to all.
Loyalhound, you got that right, long ago are the days. I still hold confidence the east will be able to support the POG with their insatiable appetite. Gold mining companies such as AGCZ should do well as long as they can continue to grow production without over extending themselves in financing as I expect interest rates to start rising from here.
Anyway, good day to all.
trum, who really knows what's going on behind the PayChest curtain. You may very well be right on this, and with the continued lack of financial transparency on what entity is really footing the mounting bills, who really knows if it's an encumbered asset or not (maybe a new Banks toy).
Indeed, maybe the $6K was for purchasing an in development specialized printer cartridge for a high speed, long life share printing press. LOL With over 27 BILLION shares outstanding, I just have to wonder if PayChest is in the top ten ranking for most common shares issued by a publicly traded company. That would be an interesting factoid.
"Tom, busy installing a high-speed, long life cartridge for prinitng 1 BILLION new PYCT shares?"
Anyway, good day to you.
P.S. And to help "feed the kitty" (contribute to pool of knowledge) the following is provided.
en·cum·ber
en'k?mb?r/
verb
past tense: encumbered; past participle: encumbered
restrict or burden (someone or something) in such a way that free action or movement is difficult.
"she was encumbered by her heavy skirts"
synonyms: hamper, hinder, obstruct, impede, cramp, inhibit, restrict, limit, constrain, restrain, bog down, retard, slow (down); More
inconvenience, disadvantage, handicap
"her movements were encumbered by her heavy skirts"
- saddle (a person or estate) with a debt or mortgage.
"an estate heavily encumbered with debt"
- fill or block up (a place).
"we tripped over sticks and stones, which encumber most of the trail"
EmpireStocks, I think there are a whole lot of folks are looking forward to some substantial good news from BLTA over the next two months.
Good day to you.
PRmaniac, kind of hard to file a "2014 annual report" when we're only half way into 2014, wouldn't you say. Something is not right. Maybe a mistake on their website? Probably was for the 2013 annual report, which was submitted a little late?