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OK...these are stupid questions, but I feel the need to ask them anyway.
While reading Section 2 of the Recitals on the first page (after the TOC) I noticed that they did not do a spell check and left the "E" off of Reverse. Does that mean anything? Here is where you conspiracy theorists can have a ball.
Also, they state that SANP has 5M authorized shares and they are sitting at 1.1 Billion outstanding. How is that possible? Even after the RS, they would be at 5.5M (500K above the authorized number), but the RS will reduce the AS by that same ratio.
Unless I am missing something, with the numbers they are claiming, how can this actually get approved by FINRA?
Why did they decide to use the stock symbol for Santo Mining throughout the document and used the name for Cathay Cigars? Which, by the way, is not a foreign company...They are incorporated in Florida.
Compared to some, yes, I may have gotten a bargain. However, we are all in the same boat of sitting on less cash than we started.
In addition, I bought in with the hopes that I would do more than lose a little. With any luck, they will get this company moving and push it back up to where it was at the high: $11/share.
As you can see, to quote Warren G, "I want it all."
Well...tell them not to do that.
There: Problem solved.
You have too many Zeroes in that for me to get excited. If you were at $0.005 or, even better, $0.05, I would have something to look forward to. At $0.0005, I can't even get out.
I see there is a posting I can't see, so I am going to assume our request to block has not been approved yet.
Decent volume. I like to see these spikes for no reason. It usually means we have about 3 months before something happens.
I realize that gold is a key in the value of a gold company, but my stock does not increase if I am not doing anything with the company.
I'm am an excited skeptic trying to figure out which persona is going to win.
Has anyone heard anything? I don't see anything new, except the share price.
Here is hoping that someone knows more than we do and we are just on the right side of it.
While I have Daz on ignore, it would be nice to remove this unproductive and venomous blather from the board.
I would like to make a formal request to have him blocked from this board. Can that be done?
You seem to be repeating yourself.
Calm down, it's OK...
What does that mean?
For now...maybe.
Something will either happen, or be professed to happen and then it will move.
I would say between Christmas of this year and 2021 you will see movement.
I'm hoping for the former.
Am I missing something? Did it really trade at an extra decimal place?
$0.00015
I have never seen that before.
It has got to mean something. It's a code or message. It's letting everyone on the "inside" know that on Friday, they should buy everything they can.
Or, maybe it means there is a computer glitch and the RS already went through, we just don't know it yet.
This is why I drink.
I always thought the facts were something put out to the public to get them to think something was going on when, in reality, there was something else going on and those facts were either going to change or be supplemented to then, make the facts something different and show that something else entirely was in the works.
Something as simple as: I have a plan to increase the PPS from .0001 to .02. On the surface, you think that is going to be a 200X increase in the share and loads of profit. In reality, it is just an RS at 200:1.
Now, if you want to make money in this shady casino we call OTC, you have read between the pages to see what is really out there. While the RS is still on the books, I cannot see, with the current plan, how that is ever going to go through. An approval is needed and I do not understand how that approval will be granted if the AS that are not outstanding do not have the same RS ratio applied.
Even IF those letters are sent, the only way this RS goes through is if the AS's are adjusted from 5B to 25M. So, my OPINION is that the RS will not go through. The FACT is that even if it does, the AS MUST adjust as well.
That means the plan, as detailed, will not happen. To borrow a line from Dennis Miller: "That's just my opinion, I could be wrong."
I have no received a notice either.
I think it is going to fall through.
I also think I should just pull the trigger on another 4M shares and wait to retire.
Of course, it would also be nice if he filed the next quarterly, since he is on the Pinks with Current Status.
It doesn't look that way any more.
We are a month out (about) from the original date of mailing for the notice of the RS.
I think we should be able to state at this point that it is NOT going to happen. Somebody needs to get hold of JohnnyBlaze and get him back on the board.
I think it is time to start accumulating more and getting ready for the climb out of the basement.
There are flippers playing this one right now, but they are not having much luck. There seems to be (about) 120 - 150M shares that are being worked that way and they are not selling.
Once the recall of the RS comes in, that should (theoretically) take us right to .001. I am looking for that to happen soon.
I checked my mail yesterday and I didn't get anything.
Then, I realized it was Sunday.
I haven't received a letter yet either. I want to buy more, but I just can't pull the trigger. IF this goes, I will make a fortune, but, if it doesn't, I will just lose more.
I can't make up my mind!!!!
Well...we are sitting at 1M on the ask at .0001, so if you wanted them, you should be able to get them.
I am so reluctant to pull the trigger on it, but I would love to buy another $1000 worth.
Another 5M shares would be nice IF/WHEN this thing runs. I just feel like I am at a slot machine waiting for the right pull, thinking the next one is it.
We might be getting close to needing another beer.
I thought so, that's why I put that question out there.
I normally don't pay attention to that screen. Mainly because I bypass it to the posting screen.
Has anybody been paying attention to that and has that just recently changed? Or, has it been heading in that direction over the last few day/weeks/months?
I was just looking at the chart on the SANP main page.
Can anyone explain to me why the Outstanding Shares are listed at 87.66M and the Float is at 25.46M?
Last check, the OS were up around 425M and the Float was just below 400M.
Was this a corporate Buy-back?
I just checked my mail.
It has been over a week and I have not received any notification of a Reverse Split for SANP.
So, let me get this straight:
IF a company has 1B authorized shares and I own 10M (which equals 1%) applies to have the AS increased to 5B, they cannot sell any of them, unless they GIVE me enough shares to maintain my ownership percentage.
That means that if they were to sell all 4B that were added, they would have to GIVE me 40M of those shares.
Am I stating that correctly?
That would also mean that everybody else that owned shares would get a gift to maintain their percentage of ownership as well. Since 100% of the Issued Shares are owned, they would have to GIVE all of the additional shares they got authorized to maintain the collective shareholders ownership of 100% (I think I just confused myself), but that would mean that you can't authorize additional shares for sale and increasing the authorized shares is really a Stock Split, since they can't sell my ownership percentage.
I think I need another beer.
Not necessarily true. They increased the AS while we were still holding stock, which, basically devalued our investment.
They didn't add them to the float (according to the reports, but I think that might have changed), but they could.
That increase was approved by the regulatory agencies.
I can only hope, at this point, that when the wheel is spun, my number comes up and we don't get a Double Zero.
And, from what I understand, governing agency approval is needed as well.
If nothing else, that is where I see everything falling apart. This is more or less a Back-Door way of increasing the authorized shares, if the corporate holdings are not subject to the same reverse.
As long as the RS is not approved, even if they go with it, we are OK.
There is no official date yet for the RS.
That is what is leading to speculation that it will be cancelled.
If it is, there will be interest. How much remains to be seen, but there will be interest.
I didn't know everyone got PM access on Friday's from 4-5pm. I must have missed the memo.
I am posting more because the board is going to be very boring until something happens. (Hopefully a recall of the RS)
I was doing the math...for a mere $2K, you buy everything on the Ask right now. I think someone should do it. Not me, of course, but someone.
It appears everything has been sold and everybody who wanted to buy has bought.
So...Now what do we do?
And right as I was going to hit the button to post, someone else bought another 4M and 2.8M is back up on the Ask.
I am going to add Antacids to my Beer.
And there is another 4M and the Ask is up at 34M.
You cannot do a play by play with the market, can you?
This is where I realize that I am greedy. All of the rules state that when the RS was announced we should have dumped.
Take what little cash would come out of it and buy something else.
But...I just keep looking at this and thinking, "Somebody is buying all those shares and I want to know why." What do they know that I don't.
If that is how I am looking at it, I should buy another couple million shares, average down again and wait for the big run, right?
I'm just so confused. I wish I didn't drink that beer yesterday, I think I need another one.
If everything goes the way it did the last two times, there will be some more bad news coming out very shortly and we will be stuck holding the bag.
You can't tell me that a dump like that didn't come with some inside knowledge.
Check your machine. I will fax you a beer.
You need one after that.
O, wait, I can't fax you a beer. I needed one after reading that, so I drank it.
I see three places where that should fall apart and we will not have an RS. Let's hope it goes that way.
Who trades 1000 shares? That's what costs me the most money - Bid for 1M to buy and I get 1000 shares filled each day for $0.01, plus the $9.99 trade fee.
I think it is the brokerage houses that are doing that, just to get the commission!
It's a conspiracy I tell you, a conspiracy!!!
In the spirit of predictions, I am going to make one:
We are going to close at a 50% reduction in PPS today.
But, think about this - If we close at 100% up one day and then 50% down the next, every day we are making %50.
This looks like it could make us millions in a month!
I am going to listen to everything you say from now on. You hit the nail on the head.
See...that's how you do it! Look at the positive side of things!
Specificity is the key to profitable business transactions.
I think the RS is going through and everybody should sell before their stock is worthless. (Wink*Wink, Nudge*Nudge)
(Whispering...)[Somebody is reading all of this insight we have here and are going to use it against us...Let's lead them on]
Everybody should dump NOW!!!
Have we seen the date this is effective yet? I can't find it.
I have been wondering about this "Think or Swim" program. Most of what I see does appear in pairs.
Although, in this case, I saw seven at 9M and two at 4M.
I'm glad what I see is so accurate. Volume at 40M for the day means I was probably referring to a 35-36M dump.
That is why I'm not a millionaire yet, my equipment is faulty!!!
It seems the dumpers came back. There is a 70M dump at 11:05 for 0001.
I guess somebody wanted to buy a used car for their kid and needed the down payment, 'cause that is about all you can do with $7K.
I hope they all sell off quickly so the RS can get cancelled and we can get back to having hope again...
I am a little confused on how you can legally do an RS at 1 for 200 and NOT adjust the AS accordingly, without an additional filing with the SEC.
If that were the case, you could continually RS with no AS adjustment to completely devalue the OS.
Wow, I used a lot of abbreviations - LSMFT!!
I don't see a quick run to $1/share post RS, but, what do I really know at this point?
See, this is what I am talking about with figuring things out which only brings up more questions.
If you play chess, you know about looking a move or 5 ahead. The good chess players see 2 and 3 times that many (or more, I'm not a good player).
You have the Bulls and you have the Bears. When the Bears make a play (selling to drop the market price), the Bulls react by either sitting on the shares, believing in the rebound, or selling because they see the market change. A good Bear can make a Bull see something that isn't there.
Case in point: If they dumped everything they could at 0002, caused panic selling and bought them back at 0001, they would have some cash and all of their shares - A basic Short Sell without actually selling short.
Now, if they are going to retract the RS after they get all, or at least close to all, of the shares in house, they would be able to hold their shares, preventing a decrease in the PPS and enable them to raise the share price for an up-listing to another exchange.
How many moves ahead can be seen on this one? I guess it depends on whether you are a Bull or a Bear.
Then again, everything could be a bunch of Bear Bull and we are all screwed.
I need a drink.