Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It was a tough day. I have been encouraged that it has not completely tanked given the changes in the Company and no positive PR's for a while...but if you step back and take a look at this...it's been drifting and drifting lower and lower.
It has allowed some of us to continue to accumulate at hopefully good prices...I just hope we launch on time and the content is good. Glitches can be expected, but it sure would be good to see something live.
Yes, bgl (small letters for this stock until they get revenues, lol) does file financial statements.
The statements contain a Going Concern note, a write-down of their investment in their South American property, and a footnote that C$10.2 Million may have to be written off as a loss if they are unsuccessful in their legal attempts to secure Cinco Minas and Gran Cabrera properties in Mexico. (Do you see the pattern here? A write-off for South America...Is Mexico next?).
Filing financial statements is a good thing.
bgl's Financial Statements are hideously ugly in every possible way in my opinion. Ugly Balance Sheet, Horrendous Income Statement with NO REVENUES, and a Cash Flow statement that is extremely scary to any knowledgeable investor.
The investors of bgl need an update from their new CEO regarding the company's Legal Status of Cinco Minas & Gran Cabrera.
And, while some have tried to whitewash or brush off the dismissal or resignation of a President/CEO, it really is a big deal in a very small company like bgl.
I actually liked the baseball analogies used by J Wright. He's right, just keep plugging away and getting on base and good things will happen. And, remember, he used the baseball stuff in an informal E-Mail, not a PR. (But, on second thought, I guess there is no such thing as an "informal" E-Mail when you are the CEO of a Public Company).
Lots of encouraging posts here tonight. And, believe me, I hope the enthusiasm of many here is warranted. I enjoy reading the posts on this board and have a lot of respect for y'all.
However, the recent trading on UTRM is not indicative of anything great or major about to happen. We are drifting.
While I value poster's input and dd on this board, I have to keep telling myself to look to the market. What is the market telling us about this stock? Not much right now I'm sorry to say.
(However, I did pick up 200,000 shares more today when I had some cash free up in one of my accounts. 200,000 shares here, 450,000 shares there, etc....it adds up after a while).
UTRM - 11 Days & 6-1/2 trading days after today until anticipated Launch Date (Markets are open 1/2 day on Thurs. July 3rd).
UTRM - Three "If's". 1. IF we can get up and running with live broadcasts 2. IF the broadcasts have meaningful content that people want to watch, and 3. IF we have Advertising revenues....................
If these 3 things happen.......we will be way over a penny...imo.
I don't know about the $.10 or $.07/pps that are being tossed around...but we will be way over a penny.
bgl - OH MY!! We have volume here today! This stock really does trade!
UTRM - Just like with the old CEO, the pps falls when a PR is issued....lol. But, seriously, looking forward to the launch, 11 more days seems like an eternity to me as a shareholder.....but if I were the one actually reconstructing the UTRM site, it would seem like no time at all.
UTRM - It was good to hear something from our new CEO, we are still 11 days away from the Launch.
I don't know if today's PR is even a single, but it was still good to hear something imo.
GTLA - This is all very strange to me.....We have 4 months of trading, with some outrageous volume at times.....and now...
NOTHING?????
What was all that trading about?
And, why has it stopped?
bgl - Yoraces, any ideas as to why Stephen R is no longer CEO?
Thanks.
UTRM - Zamoysky, I agree. Our prior CEO was a talker (seemed to be a good guy and took us as far as he could)...Mr. J Wright appears to be a "doer".....He is getting this implemented..not talking a lot.
Hopefully we are still on schedule and the countdown is correct!
I liked today's PR, it gave us some reassurance as to where the Company is going short-term.
bgl - At March 31, 2014, Cinco Minas & Gran Cabrera are valued at C$10.2 Million on bgl's books.
Since bgl had to write-off their investment in South America for C$4.2, Cinco Minas is even more important.
The C$10.2 Million is a huge item on their Balance Sheet (remember, they are a JUNIOR MINER with no revenues since 1993)....bgl investors should get an explanation as to the legal status of Cinco Minas from bgl's new CEO.
UTRM - James Wright....have you checked his resume on LinkedIn?
SRGE - This would have been resolved by now. It would not take this long. Step back for a moment and look at the time.
All the bgl nonsense dates back to 2008. That was 6 years ago.
Everyone but bgl has moved on.
SRGE - EarnestDD, you are contradicting yourself. You previously said that SRGE was suspended because of some PR's that were issued.
(and that is the reason that was given in the suspension order)....are you changing your story now?
bgl - This is really getting silly. All the bgl CEO has to do is issue a simple clarification on the legal status of Cinco Minas.
What is so hard about that?
SRGE - It's all moot now. It no longer matters. bgl does not appear to have any legal standing regarding Cinco Minas / Grand Cabrera. If they attempted to build something that was never placed in service...that appears to be their loss. It appears that bgl is a loser here.
SRGE - What were the revenues from the supposed bgl Mill?
Please don't tell me that they built a mill and then didn't have any return.
SRGE - bgl Mill ???????????????????????????????
SRGE - SRGE does not need an office. Their assets were sold to MSJ/Novamex.
bgl -
bgl - No trading volume even with the "resignation" (removal?) of the CEO? That seems odd to me. I know this stock really does not trade much....but you would think that some would be bailing out....imo
bgl - EarnestDD, It's over. It does not matter any more. The bgl CEO has "resigned"..and this whole Cinco Minas ruse is over...imo
Bill, It's not too late to pick up some SRGE shares. Great buy at these levels imo.
SRGE is trading nicely this morning. As the DD continues to unfold (and bgl continues to unravel)...we should see even more SRGE trading volume imo.
SRGE - C'mon EarnestDD, we all know that the SEC does not say anything about their investigations. You are not talking to financial illiterates here.
bgl - Waiting for bgl to issue a statement regarding the legal status of Cinco Minas. With the resignation of the CEO/President on June 17th, and all that has been written on message boards since then, I think shareholders need some clarification on this matter.
It's very simple: Either they (bgl) feel they still have legal standing....or they don't. They don't have to get into the specifics of the case (if there still is one).
FFGO is for $$$$$$$$$$$$$$ purposes only. There may be something to the change in how TDAmeritrade is valuing FFGO now.
There is a lot of stuff happening with all the Sister and Brother Companies! It's time to your Big Boy Pants on!!!
SRGE - Waiting for bgl to issue a statement regarding the legal status of Cinco Minas. With the resignation of their CEO/President on June 17th, and all that has been written on message boards since then, I think their shareholders need some clarification on this matter.
It's very simple: Either they (bgl) feel they still have legal standing....or they don't. They don't have to get into the specifics of the case (if there still is one).
SRGE/MSJ looking good right now...based on the dd we have been reading.
stoutman, are you saying the E-Mail BTurk posted is a phony? (In case you didn't know, BTurk posted an E-Mail he said he received from J Wright stating that Chris is assisting in the transition...just as the PR said).
Reading all the SRGE / MSJ dd (and bgl dd), the Dots are being connected...and everything appears to be falling into place for a SRGE explosion!
Put your Big Boy Pants on! Stuff is going down!!! There are winners ( SRGE / MSJ ) and losers (bgl)...imo.
Will we have volume at the Bell tomorrow????????
LongInvestor, I was just thinking the same thing. Shouldn't be long now.
SRGE / Novamex / MSJ : It has been a good last few days!
bgl - EarnestDD, when will bgl's next Quarterly Financial Statements be issued?
Thanks Bud!
SRGE - Yes! Not only did Stephen Roehrig of bgl "resign", as was found by Trader NYC and you (LongInvestor).....but he "resigned" right about the same time that information is coming to light (thanks again to the dd efforts) that bgl's name is not associated with the Cinco Minas property in Mexico.
Still have not heard why the bgl President/CEO who constantly stated that his company had the legal rights to Cinco Minas has resigned. Connecting the dots....it appears that he may have been given the boot because his company has spent C$10.2 Million pursuing Cinco Minas....and they may have come up empty.
Still waiting for an update from the new bgl President/CEO regarding their company's legal status regarding Cinco Minas.
SRGE- Per the site listed at the bottom of this post:
YOU WILL GET ALL THE FACTS !
UPDATED AND CURRENT PUBLIC RECORDS WILL BE UPLOADED SOON
IF YOU ARE OR HAVE BEEN INVOLVED WITH AND AFFECTED BY MINERA SAN JORGE, PLEASE CHECK BACK SOON.
WE ARE WORKING DILIGENTLY TO GET EVERYONE UP TO DATE.
http://minerasanjorge.com/
bgl - EarnestDD, can you please give us your thoughts as to why Stephen Roehrig is no longer President/CEO?
Thank you.
SRGE - If anyone has any questions about Cinco Minas....
"Phone Stephen @ 780-465-4129 bgl he can answer all your questions"-----Yoraces
The DD provided on this board the last few days by Trader NYC and LongInvestor is unparalleled imo. Simply incredible dd...and as one poster correctly termed it......a GAME-CHANGER !!!!!
Thank you for all the DD, it just keeps getting sweeeeeter and sweeeeter!
lol....I didn't know what they were.....lmao
Tom & Lena are immortalized on YouTube!
UTRM - Looking forward to new and more polished..and actual anchors when this puppy goes live!!