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How strange is that?!?!
Sell a part of mining to BRVO & now Freguson owns them?!?! Lol, kinda backwards :P
The issuance of these shares has resulted effectively in a change in control of the Company.
Mr. Ferguson and Mr. Kaiser now effectively control in excess of 50% of the outstanding voting shares, and they are both officers and directors of the Company. They have held these positions since November 19, 2018. Mr. Ferguson now effectively controls 57.88%, Mr. Kaiser controls 19.72% and together they control 77.59% of the voting shares outstanding.
What press release from yesterday? The last notification I have is from Thursday and can be found here
https://gem.godaddy.com/p/d422001?pact=204471-156198808-8465849923-397c785192ac71161abfa72c4b0fd868dcf4fc23
Indeed. A company would never be able to issue a bond for €600M if they were only valued at €600M, the book value is much greater and most companies are trading at a P/E respective to the industry and revenue potential, so a much higher PPS would make more sense
Depending on how well a company is established, especially in mining, there could eventually be a dividend payout higher than the current PPS, but seeming how they are in the growing phase, they may have other plans for their revenue for a while
Lol, I did reread it actually, several times. Please point out where it refers to only assets in North America. It indicates “ELGL’s subisidiary, ELEMENT GLOBAL MINING (EGM).” specifically
“BRAVO MULTINATIONAL INCORPORATED (BRVO) Announces a “LETTER OF INTENT” to Acquire ELEMENT GLOBAL, INC.’s (ELGL) Subsidary ELEMENT GLOBAL MINING
Virginia Beach, VA- December 30, 2019—BRAVO MULTINATIONAL INCORPORATED (OTC:BRVO) and ELEMENT GLOBAL, INC. (OTC.ELGL) announces a “Letter of Intent,” whereas BRVO acquires ELGL’s subisidiary, ELEMENT GLOBAL MINING (EGM).
The “Letter of Intent” provided for negotiations and due diligence, with an expected outcome of an acquisition of ELEMENT GLOBAL MINING (EGM). BRVO believes this acquisition should bring significant value to the Company and its shareholders.”
I don’t disagree with what you are saying. One way or another, I feel a conclusion is in sight. I’m only saying the bond is like getting a loan against the value of your home. They’re not going to be able to sell their home & keep a loan that is no longer backed by something with value, so was only curious if you had heard something I haven’t
I’ll admit to being surprised by the potential sale of our primary assets, but that’s a business decision that is best left to management with industry experience and it only gives me hope the assessment is complete, as it’s the only way to get fair market value of the underlaying assets.
From the best of my knowledge, Clarinova would/could be/have been our only revenue stream, which could delay the audit process (but it’s my belief that they haven’t done any excavation as of yet), which would be stripped away if sold, so all is good.
But of course that does still leave us exposed as investors to the discretion of management on how they choose to work out any corporate restructuring in merging with another entity (I’ve personally exited from another investment in the past, where investors were caught holding the bag as assets were sold). There obligation to us is limited at best & there are many loopholes they can work with, so it’s prudent to evaluate how much they value penny stock investors.
I’ve been invested a long time & though I remain hopeful, this is both the most exciting and scary time to be here. The potential still is enormous, but the down side is also potentially quite large
I’ve always liked that they’ve been relatively quiet, rather than bolstering about something that they are not & can’t deliver on, but there’s still much to be seen
All the best to all longs
One has to think they’ve completed the mining feasibility study in order to get a proper offer on those assets, so that would be fun to hear about
Yes, I read all that, it’s quite old, even dug into Clarinova’s previous bond of €200 million. But even though it’s been said the 600 bond was being sold, there’s no evidence that it has been & from the recent PR, Clarinova was being potentially sold to BRVO, in which case, the bond that was to be backed by our assets, would not remain with us.
No worries, was only wondering if you had additional information to speak of the bond money being deposited.
Sell Clarinova for billions & merge with a fully reporting company with that much $$$ on hand & the potential is enormous
Do you know anything more about the bond? It has been talked about for years, but no sign of ever having been materialized & being the bond was supposed to be backed by the assets from the mining division, which is apparently up for sale, doesn’t make sense to continue down that path, just saying
They aren’t contemplating spinning off additional assets into another fully reporting company.
They’re looking at possibly merging with another fully reporting company where ELGL would be the surviving entity. Which basically means it would have no impact on the shares we owned. But having audited finances, along with billions in cash on hand from the sale of the mining division would be the game changer.
Anyone watch “the game changers” on Netflix? Spectacular
Really looking forward to getting word about the mining feasibility study and then we can sit back and enjoy the ride
Absolutely no value to a forward split... let’s cut the stock price in half or even more?!?!?! Everyone looses
Wait until it’s around $100/share, then it would make more sense ;P
Lol, well to those who “know”, today’s trades don’t even make up half of our positions here. It’s a low trading stock, until they release what we’re all waiting to hear.
Indeed! Thomas’s posts are great!
I mean PRED is already doing well, but how exciting of a time is this! I mean it really seems like their ARTguide is their flagship & with it having been just released, it’s going to be quite exciting to see the quarterly statements going forward. Not sure how much impact it’ll have at the beginning, but expecting good things to come!
“Since our last quarterly update, we successfully launched three new DNA-based test panels, including the full market launch of ARTguide™ following the successful Key Opinion Leader (KOL) beta launch, the KOL launch of FertilityDX™ and expanded distribution of PGxPLUS+™. ARTguide™”
Well after doing my DD & following the ticker, finally took a position. Quite excited to see what Kenneth Ward, John E. Sorrentino & others can bring together. Happy for the low entry point too
I was asked how would the restructuring of shares work if there was a RM between 2 publicly traded companies would work. I do like the current share structure and would choose to keep it as is
That’s the thing. Being we’re not currently audited & left guessing to the underlying assets, it’s really up to the discretion of management, but can be any combination of cash & or stock equivalent under the new share umbrella, could be a 1:1, 1:16, or even 1:10,000, we really don’t know & that’s completely separate from what can be negotiated for the execs, so we’d be vulnerable to their discretion
Well, a reverse merger could be both good or bad at this point. Anything is possible, but they could do just about anything they wanted with the share structure and one has to question how much they value the share holders of a penny stock that has been relatively quiet. Not that I expect that they would do so, but one should be aware of the possibility
Well, so happens Newcastle United is for sale for the low low price of 400 million pounds. I think that would be an excellent acquisition :)
Oh interesting ESN “is in discussions to purchase a major European football (soccer) team”
Today is day 46 of 90, so we should hear more soon
“Over the next 90 days, ELGL expects to bring aboard a highly qualified senior management team and advisory board.”
Well it’s no Sony Pictures (like the deal that fell through in the past), but I’m feeling quite confident they know what direction they’d like to take the company.
Well, kinda (but not really unrelated) about events with Gary’s company BMR, fun read
https://www.newswire.ca/news-releases/esi-energy-services-inc-plans-cobalt-project-683342931.html
Was also fun reading the prospectus of their secondary share offerings and seeing all the big players he worked with. Where we will stand will all come down to share structure in the end, but even worse case scenarios are looking FANTASTIC!!!
Yeah, you don’t go from the founder & director of your own company which had the largest landholding of high-grade cobalt in North America without some significant upside. If he could do that on his own & they were able to give him the incentive to join ELGL... damn... that’s all she wrote folks :)
This is all so exciting to watch unfold, kinda cool watching the wave of inevitability come towards us, just counting the days to retirement.
Wonder how long it will take to complete the geological assessment, should be fun :)
Wow 1st material news, this is getting very interesting!!! $$$
Nice :)
I believe he was referring to John LaViolette. Ferguson has been at the helm a long time without getting them current
Well we also know they’ve done audits in the past, can you imagine when they decide to file up to date financials?!?!?
Hahaha, you read me well
I’m not happy “yet”, but I’m patient ;)
I completely agree that it brings everything together and if all the fabulous DD that you’ve done comes to realization that we will have some very real reasons to be celebrating & if it was finalized & things start to be released publicly and even filed, then we’ll have real material events and the sudden news releases is a good sign of “hopefully” things to come. But this just isn’t it yet. No reason for large investors to start getting onboard, but I’m very hopeful (as most long term investors here are), let it rain :)
Oh wow, another non material event published, maybe one day
Lol, that’s a bit of a stretch hahaha
Maybe they’re all vegan and just want to move where there’s a ban on fur, or they want to go to Silicon Valley to head up their tech ideas, maybe they believe in equality and California was the 1st state that requires a woman on the corporate board.
We simply have no idea at this point & there are a lot of reasons other than MJ which are much more likely IMO
Time will tell
Haha, reminds me of the showdown in the movie “8 mile”, “but I know something that you don’t know, his real name is Clarance & he went to Penbrook” ??????
Happy to have you here Georgie ;)
Officially broken!!!
Lol, wondering if they’ve almost finished forming the new internal committees mentioned in the last PR almost 3 years ago ??
Well they did say “Committee chairs and other nominees on the aforementioned will be forthcoming in future news releases and within its FORM 10 filing.”
Lol, just playing, good things coming, just remember it’s more important you know the “what”, than the “when”
Over $80K today & it’s been consistent like this for a while now. Somethings coming!
To sell shares now before actual news to merit an increase would be something to look back on with regret.
Somebody knows something. Good to see someone has done their homework