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False promises, misleading information, backroom whispers, dilution of stock, and even comments for hire I this very site!
Wake up....this is one big con job Duke.
It's been awhile and thought I would check in.....it appears blind faith remains for some....hope they haven't lost too much!! Absolutely nothing has changed over the years, dilution of stock to afford a lifestyle for Chaya. Also 500,000 shares at 5 cents definitely isn't a large amount of interest, it took me months to sell my SMME position due to the terrible liquidity.
Does the so called company still exist?
How could anyone possibly believe anything that Chaya says?? Investors, lenders, buyers, distributors, suppliers, customers etc. Anyone in a position to make a commercial descison will only need to look at the chequered history of this so called company.
The lies eventually catch up with you Chaya.
Let's hope it's not Chaya!
I am lost for words.
Really sad for those that have lost their hard earned money.
I don't know how the some people can sleep at night.
Oh dear....reality has left the building.
Ok so the printing press continues to dilute the stock.
I rest my case... Enjoy your dinner.
Yeah I have some loose change that might pop it another cent. Problem is then trying to sell..... From my experience can only sell when the stock had been jaw-boned on false promise. Unfortunately those opportunities are rare now. Are SMME still offering off-market at reduced price with warrant??
Classic....now that really is optimistic!
Solid share price....interesting statement wonder how the investors for the past 10 years feel about that "solid share price"
100 x sub 10 cents equals nothing.
Sorry....for those that aren't great at maths 5,600 at less than 10 cents a share is less than $560
Hey Potts, you may be right! 5,600 turnover at sub 10 cents per share hasn't quite caught the attention of institutional investors. What's your prediction over the next week or so?
So you did your DD.
How is that working out for you??!
LNM has had his opinion for years and the stock has only gone down.
Thus far, it has been valuable advice.
So you did your DD.
How is that working out for you??!
LNM has had his opinion for years and the stock has only gone down.
Thus far, it has been valuable advice.
No. Because they will sell at a discount off-market and usually with an option attached.
That is common knowledge.....how do you think they raise funds?
Did you buy off-market??
"Not concerned about the past". I rest my case.
Blind faith. Good luck and I am sure you will provided another opportunity to buy off-market at a reduced price. The only thing this so called company has ever produced is more stock (at decreasing values).
Due diligence......
I did mine and sold at an average of 45 cents. Nicrob, where did you source your information and how did you purchase your $1.6million shares? If I was to guess, probably off-market with some form of option attached and your "due diligence" were the usual whispers that have been circulation for the past 10 years.
Nothing new here.....it doesn't take that much due diligence.
My personal favourite statement of Chaya's "oh if I could only tell you more" implying something big is about to happen. Do your due diligence and see often that line has been used over the years with absolutely no result/outcome.
PoorP-S I couldn't agree more
How about the next shareholders meeting?.....oh wait...that might mean some transparency!
I don't get it???
How is publishing the supposed CEO's own bio a cheap shot??
Sooo surprised stock sliding after the jawboning....haven't seen that before!!!
Turn on the printing presses....another 100,000,000 shares. Disgraceful.
I am confused. Her report states that everyone was amazed by the card yet you said that there was no demonstration of a working card? If that is the case, how can Chaya's report be fair???
Another pump & dump, last was the manufacturing plant, anyone remember that one? I warned back then and stated that it was an opportunity to lighten your holdings in SMME. This time I couldn't be bothered because those who can't recognise this pattern over years deserve to loose their money.
Let the fools rush in. Time for another round of capital raising/dilution. They might crack 10cents again on rumours/lies. Nothing changes except the share price making lower lows.
No surprise whatsoever.
The stock has been slammed on hardly any volume. 250,000 at .05 do the maths. You can only ever sell this stock on false hope and rumours, that is what the supposed CEO does every time when raising funds off-market. I warned of this on the "mass production" rumours and will stand by all my posts.
Now ask yourself, what major company would align with SMME given the track record of both the company and CEO, google both Colin and Chaya (same person) it is laughable.
The posters that always seem to back this company have all bought at higher prices and are losing money, but they will keep singing the same old tune right to the end. My guess, when the next rumour begins for further off-market raising (and dilution) they will be back again posting the same nonsense.
Mattski, I agree with your sentiments. However, one must ask how is success measured. If spending other people's money on hope and rumours with absolutely no transparency or proof then Chaya has been extremely successful.
Look at the facts: supposed airline (nothing), supposed oil field (nothing), supposed MKR (nothing), supposed radio exposure (nothing), supposed lawsuit (nothing), supposed property development (nothing), supposed mass production (nothing) and the list goes on.
These random "business" opportunities have been funded by the hard earned monies of others. Now do we really have any transparency as to where the millions have been spent over the years?
How does Colin/Chaya measure success?
Potts you bet wrong again....as I have stated in past posts I made $35k trading this stock. I didn't sell anywhere near the high but sold the bulk of my position around 40cents where it was range bound prior to the lawsuit outcome. The remainder of my position was cut around 20cents after that failure (I forget what rumour had it trading at those levels). I always cut my position during the minor rallies basis the false hope as this was the only time there was sufficient volume.
Those wanting transparency from this supposed company or are completely bemused by the continued rumours have the absolute right to question the CEO's conduct.
Childish is pointing your finger at everybody else and claiming shareholders should have no recourse as it is a "penny stock".
I think most have probably got on this stock via the whispers, the off-market trades that have severely diluted the company. This has been the pattern for years and people shouldn't be throwing good money after bad.
Rather than guessing about what were the motives of those that invested in this company, perhaps stop guessing what's happening with company and ask for proper transparency for the shareholders.
As I have stated before, if you need to lighten your holding in this stock the only opportunity is during the "pump and dump". Rumours of mass production at the end of June was an opportunity and it would be safe to assume SMME were issuing off-market to the believers. This continues to be the sad pattern over the years, now we are back at historical lows with virtually no chance of cutting your position as volume has again dried up.
"Things seem well on track" what a slap in the face to the long suffering investors. Seriously, how could anyone still believe these rumours? By the way, how's Chaya's oil exploration company going? "Things seem well on track" what a joke.
Nicrob, for the record did you buy your 1.3 million shares at 0.08 cents off-market? If so, how was this facilitated? And if this was an off-market transaction what was the prevailing market price at the time? I am sure existing shareholders would be interested.
As a believer, show us here some transparency unlike the supposed CEO of this supposed company (there is no staff, offices, manufacturing facility, etc).
No excuses Nicrob, just the facts.
Disgraceful. Anybody that would believe Chaya's latest excuse deserves to lose their money.
Read between the lines....we have nothing and can't deliver so now there is this "strategic" secrecy which requires absolutely no proof but blind faith from their shareholders.
Enough is enough. This is beyond a joke and unfortunately people are continuing to be conned out of their hard-earned money.
Sorry Potts but $20k turnover is far from healthy...particularly for a company that was claiming "mass production" by June. I am guessing the company managed to print a few more share certificates on that lie. Now we have more rumours, does this seem like a familiar pattern?
There isn't any light at the end of the tunnel, just a locomotive of distruction. Supposed airlines, oil fields, keyrings etc etc where does it end? It is comical.
Booboo, you realise people can easily refer to your posting history. You are very much a pumper of this stock, it is very strange that you claim otherwise.
You are asking for proof Potts?
Now that gave me a laugh. How many years? +15 years and nothing.
It's Potts calling the kettle black!
p.s. how's Chaya's oil exploration company going? any proof??
Thanks Keep It Real.
You prompted me to contact SEC.
Thanks Keep It Real.
You prompted me to contact SEC.
Trader_rik, this has been the pattern for years with SMME. Any short-lived rally is based on rumours (MKR, lawsuit, mass production etc..). Once these rumours are again unrealised the selling pressure continues except now the highs are much lower and there is virtually no turnover.
I posted that existing shareholders should fade the market when the stock began to rally on the last round of rumours, or at the very least lighten their position. Unfortunately, I feel that opportunity has come and gone. From personal experience trading this stock, it took me weeks to get out of my position.
With the stock trading at these levels funding will be impossible.
StockMedic1 seemed to be a relatively informed investor in this arena that quickly walked away after a little research. Now given Chaya's track record of unfulfilled promises not to mention dubious background (supposed airlines, oil fields etc.). Do you really think that any reputable business would devote it's time/brand/reputation/money towards this company? It just won't happen.
Without a shred of proof!
They made similar claims about the MKR but lets not mention that I guess.
Crazy stuff.
31st July came and went....
No Proof...come on just a little! Shouldn't be hard? Mass production is apparently happening.
Such short memories. The MKR rumours of which none ever came about. Where was the demand? Whom were they talking? What advertisements? They even implied on their website for months that the product was available!! But let's not mention that I guess.
And now we have even more rumours. Really, how can people be so naïve? What business would risk their own credibility by associating with SMME, it just won't happen!
For those that are unfamiliar with this so called company (there aren't any employees), it is all smoke and mirrors.
Check out the below website, this is the messiah which the believers are blindly following.
In her own words "experience and expertise in the mining industry" "the next generation great oil producers".....I am not making this stuff up!
http://www.chayacoleena.com/4.html
"AmericaSouthMining, Inc. is a result of the experience and expertise developed by its founder, Chaya Coleena Hendrick in the mining industry in Australia. Coming from a country that is one of the largest mining countrys in the world, her expertise and knowledge is being put to use in isolating and exploring a region of the World that is about to become one of the next generation great oil producers."
It's just crazy stuff and people have been duped for millions....check-out their financials for the past 20 years, this stuff is just mind boggling.
Investor meetings? What investor meetings? These haven't and won't ever occur...why would anybody want transparency? But do as the believers, private calls with the CEO (it apparently makes you feel special).
History shows us that nothing ever eventuates. Blinded, the believers are the clear definition of insanity "doing the same thing over and over again and expecting different results".
Oh Jaros...excuses already! The only vision needed is to be able to see through the web of lies.
DUE DILIGENCE.
Irrespective of how many posts, do your DD.
LNM has been proven correct again and again. Look at the timeline of the press releases and posts, nothing ever eventuates and is usually proven to be complete lies.
We have had a major announcement from the CEO that mass production of the card by the end of July (check past press releases), a couple of weeks to go to see whom has credibility.
Ironically, irrespective of the outcome the supporters will continue to make excuses then a new false promise and/or rumour will surface (usually with a 3-6 month timeline), this has been the pattern for +10 years.
Definitely do your DD!