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It might be too rosy given what we have seen over the last few years. Somebody has got to take charge of this operation that at least has a clue what it takes to process gold out of the ground. When I was a teenager my father and I put in a cyanide plant for processing gold in Nevada. This included all the tanks that had to be constructed, the filtering system, the rock crusher, the conveyor belt for moving the crushed rock and various others parts of the operation. We did it in 2 months. As I have posted before the CEO is either a con man or an idiot.
"the slew of bs public claims and statements made by aske every single day since 02/26/13
Thats all I have! LMAO."
Well when you do research you should always have references to substantiate what you are presenting as facts. At least that is what I had to do when I wrote my doctoral dissertation. I am sure you can provide these for us!
What proof do you have behind your negative posts???
That's a good one LOL In the sub penny market the only way you are going to make any real money is for the common stock price to rise significantly.
The rest of it is chump change!!!
They still buy the stock based upon their perceived value of the company no matter the amount of authorized shares. That is how people invest money, sometimes they are wrong, sometimes right.
That's not the point. If you converted you have to believe that you would at least get your money back if you sold out of your common stock position.
However, you would probably only enter into a conversion agreement if you felt that you could make way beyond your investment in the future selling out of a common stock position. Other wise it makes no sense.
March 31, 2017 the stock price was .008 A few good PRs and we should be there again!!!
I think at this point the only avenue out of this where stockholders can get their money back is, if it is true what he has stated in terms of the mining properties and rights that BMIX controls or owns, then maybe they can be sold and get enough to compensate all the investors that so far have been taken to the cleaners. I am not holding my breath. There is no communications other than reruns, no meaningful financials, just a continual regurgitation of how good things are, in the face of the exact opposite being true.
Exactly, well said! I hope this guy doesn't get away with it!
Good post, I have to agree! I would also add, given all of the misinformation that has come out, that the CEO is either a con man
or an incompetent fool, in my opinion.
You make my point exactly!! No one in their right mind would exchange the debt payment due them for a "pile of garbage" (convertible preferred stock) unless they were sure that the company was on the right track.
From their latest news release:
"Alaska Pacific Energy Corp Is Pleased To Announce That Most Of The Company's Existing Debt Obligations, Have Been Exchanged For Convertible Preferred Stock."
No one in their right mind would do this unless they knew the company was going in the right direction.
Somebody is buying and there usually is a reason. I never met anyone who wanted to throw their money away.
I'm with you, this soap opera has been going on long enough. The stock price has gone nowhere and there is no transparency from the company. Where are the financials and verified new customer contracts. I deal in real concrete facts that have a financial foundation under them.
I realized that it was a standard repeat in every Q, however it is obvious from the dismal financials that it is more likely now than not!!!
"Fogasa fairy tale, much like his résumé."
I have to agree, I think he is either a con man or the most incompetent fool I have seen in quite some time!
"you don't sit on your Damn ass"
EXACTLY!!! In this case he is covering his ass and trying to buy time:
From the 10-Q:
Going Concern
The consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The Company has limited working capital, has incurred losses in each of the past two years, and has not yet received material revenues from sales of products or services. These factors create substantial doubt about the Company's ability to continue as a going concern. The consolidated financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.
Interesting DD!!!
HOW DO WE KNOW THAT ALL OF THE FOLLOWING ISN'T JUST A BIG LIE??? It seems that if all of this were true then we would be seeing financials released that substantiate the following: Perhaps we will by 2025!!!
"Our progress has been steady, and can be measured in at least two quantifiable ways. First, in terms of mineral assets, in early 2013, our initial year of operations under the current business model and management team, we had 3 mineral rights. As of December 31, 2016, we had 38 mineral rights, as follows:
a)
10 mineral rights that are mining concessions, the highest level of mineral right in Brazil ("Concessão de Lavra");
b)
8 mineral rights that have status just below mining concession ("Requerimento de Lavra"), which allows us to apply for both an upgrade to mining concession and to conduct limited commercial mining;
c)
8 mineral rights in the research permit phase ("Autorização de Resquisa"); and
d)
12 mineral rights in the phase of application for research permit ("Requerimento de Pesquisa").
Details on each of these mineral rights can be found in Item 2. Properties of this Annual Report.
The second manner in which we expanded from 2013 to now is in the product mix output from our subsidiaries. In 2013, we produced and sold rough diamonds and gold. In 2014, we added polished diamonds. In 2015, we added sand and mortar, a product made from our sand.
From 2013 to today, we have been taking shape as a holding company. As of December 31, 2016, we materially owned the following stakes:
(1)
100% of BMIX Participações Ltda ("BMIXP");
(2)
100% of Mineração Duas Barras Ltda ("MDB");
(3)
50% of RST Recursos Minerais Ltda. ("RST");
(4)
100% of Hercules Resources Corporation ("HRC");
(4)
100% of Hercules Brasil Ltda. ("HBR");
(5)
58% of Jupiter Gold Corporation ("JGC")."
Thanks for your post. Out of nowhere you have come to the rescue!!! LOL
http://iconmediaholdings.com/
Is this all a lie???
Good point, that is one positive.
Amen!! This looks like a scam, walks like a scam, and is being to smell like a scam.
When a stock price collapses that usually means "something" that the retail investor does not know about. The FACTS are: 1) there has been no transparency via PRs and there are no financials. Other than that there are just posts saying how great everything is going to be. Well right now I am looking at a stock that is rapidly heading toward trips. Somebody tell me why I should remain optimistic while I get nothing back in the form of concrete information from this company!!!
GERS up 7400.0% so far today!!!
I am not impressed with the update; two more properties added to the list of all the mining properties they control, and a video of operations. I would much rather see financials and pictures of gold and diamonds that they have extracted. This latest update just strikes me as an effort to buy more time until they have to open their kimono so we can see what the hell is really going on!
Excellent way to ask a question to get an answer about something else.
I agree with your sarcasm! This is a never ending soap opera with the same message - KEEP WAITING!!!! Why can't there be a PR release bringing every one up to date on all the issues and current status of the company??
"I am here waiting for any hint of positive news, or a paid promo. I want to know what happens, so I can swiftly dump and be rid of this disaster of a stock."
That is the same reason I am here!!!!
All they have to do is show a significant production of gold and the stock will go through the roof. This could be a scam but it could also be delayed performance which is finally coming to fruition.
Well over the years I have seen a number of cases where a stock was dead in terms of trading for years and then was resurrected. In any case, I have some shares with only chump change to lose. I would assume that is probably why you are here.
Well it has traded 18.26 million shares in the last three months. Why would it have this volume if the company is dead as many here are posting.
This doesn't quite make sense.
Anybody know why suddenly we are getting the high volume of trades???
Yeah he also said that they lost the cleaning contract on the moon!!!!
Thanks
Can you provide a link to this, it would be much appreciated.
That would mean it has increased over a billion shares in the last three and a half months.
"now that will increase in value as news, financials,revenues,and future growth continues throughout 2017 and beyond..."
Any idea (specific date) when this is going to happen? There is no communication whatsoever from this company!!! Are we all suppose to be true believers?? This lack of transparency and information has been going on far too long!!
I think everything is riding on it!!
Well given the increase in volume and the collapsing stock price over the last few weeks it would appear that somebody knows something, and that
SOMETHING ain't good!!