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Doesn't EKWX have the exclusive rights to Arizona?
Does this mean exclusive rights are meaningless?
Thanks, Fla,
I read some of the filings you linked. Continental has been around for 17 years and not done a thing. That might have changed my mind had I known that before. The technology is viable, though. I still might have taken a flyer on it, but I might have waited to see if it moved first. The way I was looking at gold a year ago, everything was going up. Now it looks like sideways for a while. I bought on a dip and it turned into a sinkhole. Nothing I can do about it, but chalk it up and learn from it. At this point I have so little money in it it is not worth selling!
MM
Call him for yourself -
Ed Godin, President and C.E.O.
Mr. Godin is also the President and CEO of Continental Precious Minerals, a Mining Exploration and Venture Capital Company. Mr. Godin has been active in the raising of more than $200,000,000 for Mineral Exploration and Venture Capital groups. Mr. Godin has over 15 years of experience in the management of junior companies.
Ekwan-x, Inc.
4 Robert Speck Parkway
Suite 1500
Mississauga, ON
L4Z1S1
Tel: (416) 805-3036
Listen, its not important that we believe it, its important that Ed believes it.
MM
Hi
I spoke with Ed Godin today and he told me
1. old financing source fell through last month, and they have another financing source they are talking to now.
2. truthing project is on low simmer pending more funding.
3. they have low overhead, things like cell phone charges, so they can go on for another 6 months or more without new financing.
4. defeat is not an option, they are getting good feedback on their process from people in the business
5. when they have financing they will have a pr a week, he thinks.
Keep the faith.
MM
Loose change? Commission costs more than the stock. Tell me, what would stop anyone from putting in buys at higher prices to drive the stock up, instead of down?
I should add that their find is from the air, not from drilling. Much less expensive.
Mil,
if you check with the company and find out what their operating expenses are and what their reserves are, you will see they can do a find before they get financing. I'm just saying that puts them in a position of strength. it is different than the way most companys on the board have to do it, but thats it.
MM
The amazing thing about Ekwan-x is that their capital expenditure is so low they are going to find their discovery first, and then get financing to proceed.
Because of that, they are operating from a position of strength and will be able to make a great deal.
MM
this has been a longer ride than I thought.
Barry came through.
will be in Costa rica again this year, but hawaii sounds nice for next year, Ben.
MM.
Thanks for the reply, I thought I was talking to myself in public, which could be embarrassing, and where I probably will wind up if I keep investing in these pennies.
So why do they have to call it something so esoteric as a "truthing" project, when they could have called it something more romantic or marketable like
"the Pot of Gold Project" where they actually do find a figurative deposit instead of an actual leprachans bucket.
or
" the end of the rainbow" project referring to the colors of the spectrography which leads to the gold at the end of the rainbow, so to speak.
Truthing is such a dry word. These guys have their head in the ground !
I wish they would be clearer!
MM
Hey, Cinco de Mayo is over! Get back to posting!
I said, what is a truthing project, anyone????
Is it what they are currently doing in Guantanamo?
Is it like truth or consequences?
Is it a roofing project, spoken by a studderer?
You all gone to sleep on me, or what???
Listen , all you fair weather investors - This company can survive on low capital until the good days come, so don't give up on this one - it will be a winner.
MM
What is a truthing project? Has anyone contact with the company as to how it is progressing?
Do you think they will be able to raise capital through the company they contracted with?
Do you think they will be able to get some contracts and deals? We have heard nothing on SALES since the beginning of the year.
I need to hear some new news.
MM
I mentioned the number was disconnected prior to the last press release which had to be done by the board themselves.
The fact that DMXP was able to consolidate their debt was a positive, and the next step in exploration, drilling straight into the kimberlite on the surface does not seem like a major undertaking, previous notices say they had the companies to do the work lined up already.
There is so little they need to do to be successful it is amazing that they haven't taken these baby steps yet. it is exasperating waiting for so little that could move the stock a lot. It is as if they are trying to depress the price of the stock so it can be bought at low prices and take the stock back into the company. That is the only rational reason the company would not be doing PR that I can think of.
This is not a case of marketmakers keeping it down because the company DMXP has not announced anything for them to counter, really. This is not a case of old stockholders dumping because they can't make anything at these prices.
So my conclusion is the company is punching itself like Jim Carrey in the bathroom in "Liar, Liar" so that the price will stay down and they can buy shares back up and reduce the float and outstanding.
I could be wrong - I was wrong when I bought this stock - and I am not confident of it rising at all - but it is a better gamble than a lottery ticket which is about all I could buy with what I would get back if I sold this dog. LOL.
MM
Did you say goodbye?
I say hello.
Hello!
Hello!
MM
I think we can predict more interest immediately to follow.
That is one bold PR item reeking of confidence. IMHO!!!!
If Debeers was getting on board, Shep, they would not need to clean up the balance sheet, Corporate Debeers wouldnt care. They clean up because they are going on a date. Private Money doesn't want to buy in to pay off old debt, they want it used for growth, yes?
MM
...neither one of us wants to be the first to say goodbye-e-e-e-e-ee-e-e-e. - Gladys Knight
I see that Alex's name is not on the press release, and the phone number is disconnected. I think Alex is no longer repping for Delta. Looks like the PR came direct from the company.
Just my observation. I do not know if the two are connected.
I agree with the consensus that this is the first step to getting financing - cleaning up your balance sheet! Great news.
MM
If you look at the chart on #3059 all of the indicators are on the way up. It's about time! MM
I see a triangle forming here. Can I get your read on which way it will break? Thanks. MM.
I see positives for the first time at this point, now in this chart. Pure speculation at this point. If there is only one guy buying, as I suggested in my previous post, what does he know? and I hope he keeps it up! LOL
Something is going to happen with this stock soon. Things are coming to a point. There has been no news since Jan. other than Alex saying they are still working on deal. The window for that deal keeps getting smaller, if you believe the economy is going to he-double hockey sticks in a handbasket. Good luck to all.
Looks like someone had an open order to buy at .0045 friday.
0.0045 100000 15:49:12
0.0045 40401 15:41:28
0.0045 150000 15:40:50
0.0045 50000 15:32:07
0.0045 200000 15:31:57
0.0046 250000 15:31:56
0.0045 50000 15:06:50
0.0045 80000 15:06:43
0.0045 15000 15:05:07
0.0045 70000 15:05:00
0.0045 50000 15:05:00
0.0041 245000 15:05:00
0.0045 40000 15:05:00
0.0045 20000 15:04:42
0.0045 20000 15:04:11
0.0045 40000 15:04:01
0.0041 30000 15:03:42
0.0045 5000 15:03:39
0.0045 10000 15:03:25
0.0045 25000 15:03:22
0.0045 250000 14:44:10
0.0045 100000 14:40:07
0.0045 100000 14:05:54
0.0045 35000 11:55:01
0.004 10000 11:46:25
0.0035 100000 11:46:22
0.0035 100000 11:43:15
0.0045 30000 10:40:45
0.0035 70600 09:30:05
0.0035 10000 04/07
I spoke with CEO Ed Godin yesterday. He returns calls. He said they expected some more financing to come in small amounts at a time. He is meeting with investors, that is a priority. There is a lot of activity. He expects more financing in the near future, then flights. He was very excited about the Aster Photos helping them determine where to fly. The difference between the high altitude photos and Ekwan-x is that Ekwan-x can pinpoint and differentiate minerals, and that saves much money and exploration. He expects to use them to determine starting points. Most important to me is that he said that the money they have from the first tranche will keep them going many months, especially because many of the execs are not taking salaries. Their overhead is very low. He impressed me as a sound businessman.
Has anyone seen a timetable for future action and activities? Please post any new links since announcement of the Nevada project. Also, any background info on the Aster photos just bought? The dip came after the news. Getting the photos will cut down exploration time and EKWX spectral shots will pinpoint minerals. This is a no brainer.
You're right, it's like Waiting for Godot!
I have belief, based on the hard facts that they own properties where a microdiamond has been found in Montana, which puts DMXP way ahead other Diamond Explorers with not hard proof like a microdiamond. And I have belief based on reports I have read that Debeers is exploring next to DMXP's property in South America, that they would not be there if they did not believe there were diamonds to be found, in quantity. DMXP owns 2/3 of the territory to be explored there. I have belief based on the resume' of the principals in DMXP because they have grown far bigger companys in their time. If this above is all true, DMXP has a fantastic upside.
I do not have faith blindly, I am not in love with the company, and I am out the minute I suspect this is all false, but for now I have time and I give them time until I find out different. The facts have not changed, but investors have left because they got tired of waiting. The stock is down and we are all disappointed.
I am getting sensible answers to my emails from Alex, and the company's only crime is to say financing is coming and it didn't. They still say it will. If they are going for a deal that won't wreck the company, that's a good thing.
The only other penny I own is EKWX because I like the technology and the business plan. It is also waiting on financing. I believe both companies have strong enough management to eventually get their financing.
Good luck to us all. Happy St. Pats Day, everybody. Looking forward to a big plate of corn beef and cabbage.
MM
MM
Hi,
I received a similar message from Alex yesterday at my home email. He said simply that the loan has taken longer than expected but everything is still on track to get funding.
I believe him and I have plenty of shares.
Mm
From the press release I estimate they can produce about 500 ounces per year or $200,000 per year gross income before expenses. Figure expenses at $200 per oz? Might buy one or two trucks.
Cafatty,
I'm feeling generous today.
I'll give you half of everything I make from your video.
When can we see it?
MM
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I'm the last guy to knock someone when they're down, but this is a dead parrot. No its not. Yes it is.
MM
Indicators turning a corner up?
Good news so far is that EKWX has not gone lower than previous low in jan-feb. It will have to take out .02 cents to signal change in trend. It could happen. Good luck and good flying!
8 million volume on the news. -MM
Here's the PR below.
It's great news. I've been waiting a year for DMXP to get financing and they haven't. EK is showing institutional buyers that there is interest and that we're not broke. This is seed money that will grow more. It gives operational money and payroll money to start flying and more analysis. It gives legitimacy to the financial sphere. If it wasn't strong they would have saved it for later. Get on board - you are on notice! - MM
EKWX -- Ekwan-X, Inc.
Com
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Ekwan-X Completes First Tranche of Financing
TORONTO, Mar 4, 2005 (PRIMEZONE via COMTEX) -- Ekwan-X, Inc. (Pink Sheets:EKWX) is very pleased to announce an initial financing of $100,000. This round of financing is the first tranche of funds to be raised in the $2,000,000 financing announced earlier this year. The funds were realized in a private placement to accredited investors. Ekwan-X is commencing in its plan to complete a major hyperspectral survey in the State of Nevada. Ed Godin, CEO of Ekwan-X states, "We are pleased with the response from the investment community in regards to financing the venture. We are in discussion with several major financial groups to complete the $2,000,000 financing."
Ekwan-X, Inc. is a mineral exploration company using hyperspectral imaging technology. Ekwan-X will concentrate its resources to fully exploit the highly mineralized areas in Nevada, New Mexico, and Arizona. The State of Nevada has been chosen for Ekwan-X's first exploration program due to the prolific gold production and recent huge gold discoveries such as the new Placer Dome discovery in the Cortez Region of Nevada.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
ON BEHALF OF THE BOARD of EKWAN-X, INC.
SOURCE: Ekwan- X Inc.
By Staff
CONTACT: Ekwan-X, Inc.
The good news is DMXP did not go lower than the previous low in early February. If it can bust through .005 and hold it will take out the one year down trendline and maybe start an uptrend.
Many indicators have turned upward. Good luck!
I'm puzzled why this has not moved up yet.
What's the hold up?
MM
million,
what news do you expect first -
financing?
movement in the Nevada project?
Associations/contracts with mining companies?
mm