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I'm sorry, I thought this board was about Santo Mining and their gold mining operations. Not about a cigar company in China.
So was Jack the ripper!
Do you know how many of us give a fat rat's ass about that?
The number is not high and it will only get lower until you drop the idea of screwing us with the reverse split and get off your butt and get equipment to the mining site and start producing gold, silver and platinum. Until then you are just one more bag of hot air, notice how I cleaned that up.
Think about this before you dump your stock. Many of us have multi - million share positions. When they do the 200:1 RS each 1 million shares will be reduced to 5,000 shares. If the price goes to $1 will make more than you invested? Who gives a damn at this point if it's cigars or gold, their main product will be gold.
Are you investors or children? Think about what you could lose if you sell verses what you could make if these guys get the mining operation going.
The one thing that will help the stock price is gold coming out of the ground.
I also believe we will see no news until we see their quarterly report for the first quarter, January to March, which would be filed around the end of April except they will likely get a 30 day extension which is almost automatic for small companies like Santo Mining so sometime around May 31st.
The link to the September 2013 interview where he said they could be profitable with the price as low as $800 is:
http://www.smallcapepicenter.com/beyondthepressrelease/AGORACOMSantoMiningSmallCapSkype-27September2013/
The statement was made at about the 9:15 make in the interview.
About a year or 18 months ago I saw a video interview with Mr French where he said they were profitable with gold as low as $800 per once and they were working toward mining the claims in the D.R. at that time, which I believe would be more expensive to work, so I think as soon as they get their ducks in a row it will begin. In their case the ducks they need to line up are called dollars.
I suspect the issue now is getting the money for equipment and start up costs. Maybe we'll get a little news to chew on if they say anything in the next quarterly filing with SEC.
I think that if they had tried to implement the R/S the regulatory agency that would have had to give final approval would have told them to piss off. That split would have destroyed the reason that most of us decided, in good faith and based on our research, to buy the stock.
I understand and I took my second option and keep a few million shares that will turn to dust before I sell them. With the huge (lol) amount of cash from the shares I sold I bought another about to go through the roof, in my opinion, issue which has gone up 5.11% in the past 3 weeks. So I'm happy with that.
I don't know but if I were to guess it looks to me as if someone is selling a few shares at .0001 on the close just to hold the posted price at 0.0001. Now who, do you suppose, would do a thing like that?
I have noticed some very small quantities at .0001 but I expect that, unless there is some negative news, you will need to go to .0002. But that is not a bad price, when SANP starts mining everyone will wish they bought at .0002
Do you think that the potential sellers are thinking we are getting close to some positive news and are not willing to go down to .0001?
I don't believe there will be any solid news until we see a quarterly report that contains some solid information.
With that in mind there are three approaches you can take:
1 Hold on, at least until the next quarterly filing.
2 Dump all of your holdings in this stock and move on.
3 A combination of 1 and 2, sell off some of your shares and put that money into something else.
You have to make that decision but the default is to do nothing which is basically number 1 above. There are several of us on this site that have many shares costing us a relatively few dollars in SANP and have been in it for some years and each needs to make their decision based on their situation.
If you chose number 2 above I recommend that you never look at the price of SANP again because it might be on a rocket ride.
It takes more than one small move. What was it 2.5 M shares, just a drop in the bucket. It will take some positive news before it really makes a real move up.
Just be patient grasshopper.
Just wondering, do you always waste your time on things you, in all of you great wisdom, consider to be worthless? Or is it that you have such a small life that you want to impose your one great talent, extreme negativity, on others who are, in general, to wise to take what you say as anything more than a heap of biodegradable substance?
If you really believe what you are posting here why are you wasting your time here?
There was a 10-Q released at 3:45 pm but it says nothing except they couldn't file it on time (October 31st).
Possibly a Christmas or New Years gift. Maybe the amendment(s) are to prepare for mining operations?
There were two documents filed lately, November 28th and Dec 8th.
The November document was a required annual list of officers etc. and on Dec 8th they filed an amendment of some sort. I think you have to have an account with the SoS to access the documents but some activity sounds like a good thing to me.
I don't think that they need to cancel the R/S and I don't know if there is a time expiration if they do noting. If they do mail out a notice we will have 20 days to do what we want to do. Also, I'm not sure the regulatory people would give approval for the R/S to move forward.
They may only want the threat to be hanging around in case it makes sense at some point.
Doesn't this mean it is still out there even if they haven't mailed it out? Is there a time limit on this "approval" step, how long can they let it ride without some action?
Could the idea be to have the threat hanging around but not to go beyond this point?
Sense he hasn't mailed out the notice is the R/S still alive? I wonder if he really planed to go through with it.
Just remember that they cannot maneuver the number of shares issued in such a way that your percentage of ownership changes. If you own 1% you will continue to own 1% unless you buy or sell your shares.
Most companies have a target range for the price of there stock and they will use stock splits to maintain that range as the price per share increases. What they are probably doing is buying stock to hold as treasury stock which can be used later for funding of other projects or expansion etc. Those treasury shares are issued shares.
Shares approved but not issues do not come into the analysis of value per share. It's the number of issued shares that count, and if they at any point after the IPO, which has already occurred, issue any of the authorized but not yet issued shares they have to maintain the % of ownership and the value of the total number of shares (not the price per share) of the existing shareholders. SO if they triple the number of shares outstanding and you hold 1% of the total shares the company must increase your holdings by a number of shares that will maintain your 1% ownership, you would have 3 times the number of shares with each of your shares being worth 1/3 in price per share.
Stock splits are normally used to maintain the price per share in a prices range that the company has targeted.
I think they have a reason for going through the company approval process but I don't believe the regulatory agencies will approve the RS because it potentially devastates those investors who are holding this stock without an acceptable chance for return compared to the expected, or hoped for, return that exists now. For example, if you expect the stock as it is now to reach $1.00 and they do the RS can you expect the post RS shares to reach $200.00? Not nearly as likely.
The def 14c says "This notice and the accompanying Information Statement are being mailed to our stockholders on or about October 22, 2014." so add 20 days to that and the earliest they can start the final actions necessary for approval will be around the 11th or 12th of November. Then it's anybody's guess as to if the RS will happen or not.
This conversation strikes me as being pretty much the same as what might happen with the reverse split and the stock in general.
There are a large number of opinions on might happen from nothing all the way up to all investors being driven out for the benefit of the officers of the company.
There is no way to tell what is going to happen until it starts to happen, so, enjoy your guessing and hoping but none of that will impact what is going to happen in the end. I do enjoy your thoughts though.