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.
KC
You are ABSOLUTELY CORRECT it is RESERVES_RESERVES_RESERVES that is holding this stock down. I await news in March about the progress on the new mine and an update on the gold resources. But you are correct the time is now to add to one's holdings. I added last week and will add in the future at these prices. The drop-dead date for adding this month is Thursday, February 17th. I am greedy about dividends and want them all.
Please go to SEDAR and look up Kinross Gold and B2Gold. Both are Canadian companies. Then go to Edgar and look up the two companies. Looks like the same data to me. Just different form numbers.
I just listened to the youtube playback.
I came away with there NOT BEING a reverse split period. He spoke about share buybacks in 2023 to reduce the number of OS shares in a way to qualify for NYSE/NASDAQ.
He explained the reason for the stock dividend because they will sell stock to raise cash. He wants the current stockholders to retain their current ownership ratio they hold now.
Therefore, I estimate they will sell about 6.7% of 3 billion shares (200,000,000 shares) using private placements and not open market operations. 200,000,000 shares at +/- $0.02 would provide at least $4-5 million in cash. That sounds about what they need this year to advance the production and sales of these products.
The big item I heard was no reverse split. If you think about it, earning of $10 million would allow a buyback of around 1/2 a billion shares at today's prices. If you conduct this effort over 18 months, your OS could go from 3 billion to 2 billion. All without impacting our net holdings.
Hoping it works!
PhillipD
Why would they want to change? Major Canadian Companies (B2Gold, Kinross Gold) report on SEDAR. And they trade on the NYSE. Seems our American view of the markets does not realize there is a much bigger world out there.
I find this very strange.
A company that has the Air Race circuit, but I have not seen a schedule or dates for the proposed Air Races.
I serve on the board of an Air Show and we spend months planning, advertising, and preparing for a one weekend show.
Makes you wonder what is or is NOT going on!
All this drama and the stock doubles in price.
I am still happy I took my tax losses and got out at $0.30.
This is going to be a long process.
Good luck to those who still hold it!
Kojack,
My best to Meathead!
But let us calm down a little. $0.25 per share market price would mean this company has a market value of $750 million. I don't think so!
Presently we are on the edge of the sword. It can go either way. For the sake of all who have owned this stock for many years, let us hope the company will fall to the positive side of the issue.
Relax. Take care. And enjoy the holiday weekend.
Little update on the situation in the country of Mali:
On Sunday, the Economic Community of West African States (ECOWAS) agreed to shutter land and air borders with Mali and impose a trade embargo over delayed elections.
The sanctions -- which France has backed -- came after Mali's army-dominated government last month proposed staying in power for up to five years before restoring democracy.
Mali's junta, following a military takeover in August 2020, had previously promised to hold elections on February 27.
In response to the regional sanctions, Mali also announced that it was closing its borders with ECOWAS members -- with the exception of military-run Guinea, which is not applying the measures.
Let me think??????????? Mali is about to be cutoff from the rest of Africa because the military junta will not give up power. And BTG has spent billions on getting the operation to produce one million gold ounces a year.
I hope we are sending a lot of food, fuel, medicine, shelter, and security right now. No wonder BTG had to "beg" the military junta for a permit. Wonder how much "under the table" dollars were involved.
On another strange note, this Canadian company does not own a mine in Canada. Wonder why?
Lowjack
Wow..... The permit was to expire on December 27, 2021. Today is January 11, 2022. GORO spent $14 Million on a mine with a permit ending in 2021!
And the outlook is two years of construction (lots of $$$$) before the mine returns any revenue!
Anymore "good news" like this coming soon?
Atum61
I think we all wish this would have started 10 years ago. And you are correct there is a vast cavern between "project" and "success". I hope this DMA crowd is up to the task. It was a nice power point presentation but that is all.
I have great fear DMA is a WEBSITE builder only. All this talk of projected this and projected that is so much hot air. And it is expensive ($millions) hot air.
I am 74 years old and spent two careers "selling to people". One in the military and the other at a large NYSE listed company in the private sector. In both, we had high powered, well connected "experts". And in both careers did I find the only thing that mattered was the ground pounding sales force making the cold calls, knocking on doors, and establishing a good working relationship with the true "buyer" of the product.
So, bring on the WEBSITE!!!! See if it will "WOW" me!!!!! Remember you usually get about 12 seconds of a person's attention before they "tune you out". Therefore, a big, complicated, sixty page WEBSITE is not the answer.
Found it....Go to the INTK twitter account to register.
Does anybody have the WEBINAR address for the 4PM INTK-DNA Webinar?
TDAmeritrade.
My stock is in a TDAmeritrade account.
TDA has a menu item that allows you to select which stock dividends you wish to reinvest. Under MY Account, open the topic and you will see the dividend Reinvestment topic. Click on it and it will bring up the stocks you have that pay dividends.
Demain
YES!!!!!
One person (woman or man) with a TELPHONE and a GREAT product to sell can move mountains in short order. Give that person a chance! (sorry too much "Red October" over the Holidays).
FTCO has applied for a BLM permit of operations at the Golden Mile location. 163K ounces of indicated and inferred gold is considered sufficient to move forward to a production decision. FTCO management targets a production decision in the first half of calendar year 2022.
The mine will develop gold to a carbon stage. Further refinement to DORE' will be done at the Isabella Peral ADR. This will prove to be a smart move in reducing the time to place the mine into full production and the initial capital expense of the mine.
With the opening a second productive mine, FTCO "should" move to a middle tier gold mining operation with a larger PE ratio. Current income per share for the first nine months of 2021 was $0.64. Moving to a full year should be around $0.85. Therefore, FTCO PE today is around 7.69. Middle level gold producers usually see a PE around 10.
Going forward we should see stock price rise to $10-12 by the end First Quarter 2023 for a 53% to 83% stock growth rate.
I personally add to my position every month using dividend reinvestment with no broker fees. Right now I am getting maximum bang for my buck.
I do not think it is the same proposal. He spoke about taking care of the longtime stockholders but was not specific on how to go about it. They did hire a brokerage company to act as an advisor.
They will come up with the specific plan. I just want to inform this site there are ways to handle this matter in a way it does not destroy the longtime shareholders' investment.
Too often the reverse split destroys the shareholder who has stuck it out for years only to find his millions of shares worth thousands are now worth a couple of cents.
LCJR,
I sent my proposal to Stuart by email. I doubt it will receive a response due to SEC rules. But it is in front of him for the future.
Happy New Year and good luck with your investments!
Atum61
I believe you are reading the effects of a reverse split correctly as it relates to the market in general.
But I keep thinking about the CEO's statement about taking care of those stockholders who have owned this stock for years.
I came up with a legal manner to protect a stockholder from major losses in a reverse split in ordered to move up to a major exchange. That method is to issue warrants to existing stockholders before a reverse split announcement.
Let's say the reverse split is 1 to 100! Before the split announcement, the company issues all stockholders of a certain date one warrant for every 100 shares owned. The execution of the warrant is $5.00 and is paid to the company. Now a 1 million share stockholder receives 10,000 listed warrants with no expiration date.
Total warrants issued by the company is 30,000,000 and would net the company $150,000,000 of capital if all warrants are converted.
Now the reverse split hits at 1 to 100 with a share price of $0.05. Three billion shares OS reduces to 30,000,000 with a share price $5.00. Given the company must be profitable, financials up to date and good growth opportunities, the stock should at least stay around $5 per share. IF the stock moves up past $5 the warrant holders can sell the warrants for a profit, exchange the warrant for 1 share of stock, or
just hold it for a bigger profit.
Notice the total shares OS if all the warrants are executed in just 60,000,000. The company with $100 million in sales and a $0.05 net profit after interest, depreciation and taxes will provide a $0.08 profit per share. This would support the $5 stock price.
I hope Mister White has read this report and put into action what was recommended:
Reno Air Race 2011:
In 2012, the NTSB released seven safety recommendations to be applied to future air races. These included course design and layout further away from the spectators stands, pre-race inspections, airworthiness of aircraft modifications, Federal Aviation Administration guidance, pilot g-force awareness, and ramp safety.[23]
Atum61,
I fully understand your concerns on reverse splits. My experience with that type of transaction has been poor.
To see what is happening now, go to:
www.reversesplitarbitrage.com/splits/
Check out how the stock has performed since the split. A small sample should give you an idea how the market treated reverse splits.
Bio
I enjoyed your analysis. And a Reverse Split will need to happen if this company wants to move to the NYSE. But the before tax profit will need to be much higher than $2 million.
If the company earned a pre-tax profit of $2 million, the earning per share would be 3.33333e-10 (three tenths of a billionth of a cent). That would surely not raise the share price.
Also, a reverse split must reduce the O/S to a level where pre-tax profits would be meaningful. A 1 to 1,000 reverse split with $2 million pre-tax earnings would give you a nice $0.75 per share pre-tax earnings (3 billion shares o/s goes to 3 million shares o/s) If you get $20 million pre-tax earning, you could make it with a 1 to 100 reverse split. But getting a $20 million pre-tax profit from $100 million in sales is a very tall order.
I think we can relax for now and wait on 10Q/10Ks. It will be years before this company will have the earnings necessary to affect a valid jump to the NYSE. Let's hope for now we achieve a $0.05 share price in 2022.
Meph,
Please remember these and all my posts are my thoughts. They are not recommendations to buy or sell anything.
But take a look a at two gold mining companies: Kinross Gold Corporation (KGC) and B2B Gold Corporation (BTG). I have bought small positions in both and continue to perform more due diligence on both. Both are beat up and they appear to have good potential for growth. Both pay dividends.
Remember, do your OWN DUE DILIGENCE.
Have a Great Holiday Season! If you celebrate Christmas, MERRY CHRISTMAS!
Meph,
The management of this company has gone south in the last 12 months. Why breakup a solid company in January 2021 to buy another mine in 11/2021? The new mine is not a mine. It is a bunch of land with no mining operations. It will take at least 18 months and $30 million to start an active mine. And what we find is very unknown.
After the company split, GORO brought in an all-Canadian team (I am not anti-Canadian just anti-STUPID). This team is definitely "WOKE". They deluded the stock with the mine purchase making the revenue numbers per share worse, they have not updated the gold resources in Mexico, they have not discussed COVID issues in Mexico for months (which may come out later as a "SUPRISE") and they buy land/mines in states that are not tax friendly.
If I needed a tax write off for 2021, they would be off my account. As it stands I just wait and hope the stock will not drop further until January 3, 2022.
Bio
Very good summary. I might add this "TalkingPaint" product is very exciting. If it works as advertised, OSHA will surely take notice and possibility make it part of the Federal Government workers safety requirements. That would lead INTK to sell ""LICENSING AGREEMENTS" to other companies like Sherman Williams who has a ton of clients in manufacturing.
AS for the sell off, weak and uninformed sisters and brothers reacted poorly.
Demain,
A search on the internet finds many people with the name "G. Stuart Burchill", "Stuart Burchill", George Stuart Burchill. I looked at your photo IHUB text message and I am not satisfied it is the same person beyond a reasonable doubt.
If you are absolutely sure the CEO of INTK is a scammer, I suggest you post your real name to your charges to allow others to remove your name from the "sore loser list". Otherwise, your daily words fall on deaf ears. Time to put up (as some investors have) or shut up.
If you will not put up your actual name, I must think you are a person who likes to sow hate which does the world real harm. And yes, there are those who "enjoy hating" and making others feel down on their decisions.
Fuelpositive will be a long termed growth play. They are working on the first prototype and getting it ready to place it on an 18,000 acre farm sometime in the March-April timeframe. They expect usable production data from the prototype in 3rd quarter. The next two prototypes will follow but no timeframe was given. They have said they will start taking pre-orders in first/second quarter. However, manufacturing production will be limited to 6 units in 2022 (including prototypes????). The retail price of the system has yet to be disclosed.
Therefore, any significant revenue will not be realized until late 2023 if all goes well. No revenue, no rapid stock growth.
Bylo,
The September 30, 2021 financials have been posted to the OTC. $275K+ revenue for the quarter ending September 30th. 295K+ in accounts receivable for the quarter. About 40% net gross after COGS. The rest is what you would expect. All unaudited.
The last few days have given us much more clarity on the company business plan to rolling out this product. And I too wonder what the cost to the farmer will be to put this product into production. If a farmer spends a million CA$ for NH3, I am sure this unit should be a large cost saving over the life of the unit. I also like the prototype being used at a working farm that will depend on the product producing a large amount of NH3 before growing season hits in Canada.
As for the government involvement, I am not aware of any Canadian finance programs for such a machine. I would hope some of the USA 1/2 Trillion dollars committed to Green Energy this past week will find its way into this product.
BMSPF filed on October 28th the following on SEDAR.
Business Plan.
BSP business plan is to reopen Laramie Wy plant to provide 5,000 tonne samples to five companies to
test fire in their coal burning plants. This will generate $1.25 million in revenue and solidify long term offtake agreements.
Biomass Secure Power Inc. Patented Process Reduces CO2 emissions by 96%
Biomass Secure Power Inc. (BSP) owns a patented process that uses a fluid bed reactor to convert wood
fibre into a Torrefied, coal alternative.
This product has properties like mid rank coal and can be used as a
sustainable, cost effective, replacement in power plants. The product also reduces the plant’s CO2
emissions by 96% and requires minimal changes to existing plant equipment.
Our patented process allows BSP to produce torrefied product at similar costs of manufacturing white
wood pellets. Torrefied pellets have 21.5 GJ per tonne, white wood pellets have 17.4 GJ per tonne.
Governments around the world are requiring their power producers to reduce their CO2 emissions and
move away from coal. BSP believes that the time is ripe for our Torrefied product to be accepted into this
rapidly expanding market. BSP also believes that its Torrefied Biomass Briquettes will be a compelling
choice for power producers looking to convert from coal to a sustainable alternative.
According to Future Metrics, India has recently announced that all coal burning plants must mix in 5 to
10% biomass by end of 2022. This will create a demand for an additional 45m tonnes of Biomass.
BSP is in discussion with power companies in Europe and Asia about licensing our patented process.
This will provide these companies the opportunity to control their fuel supply and substantially reduce
their costs. BSP sees these partnerships as a mutually beneficial opportunity
Note the move by India to require 5%-10% of Biomass to be used to generate electricity in 2022.
I was performing some research on NH3 technology and looking for companies that are in the same field.
I came across a Colorado Public Benefit Corporation called Starfire Energy. It is funded by APVentures, Chevron, Mitsubishi, New Energy Technology, Osaka Gas, and Rockies Venture Club. It filed for a patent on a process very similar to the one FuelPositive Corp displays on its WEB site.
Starfire Energy was awarded a patent (10,787,367) on September 29, 2020.
FuelPositive states it filed for patent protection for the Company’s “Modular Transportable Clean Hydrogen-Ammonia Maker” with the United States Patent and Trademark Office (U.S. provisional patent application number: 63197884). This was announced on June 8, 2021. Since it is still a private submission, I cannot gain access to what the application states so I can compare the two submisions.
I sent an email request for information about this matter to the company today. I hope to hear back on this matter. However, my success rate on OTC stocks replying is really poor.
e-ore,
Remember only stock holders as of October 11th will benefit from the one time cash payout. I am not sure any additions to your holding will be paid the special dividend. They could just say all share holders as of October 11th will get the dividend. This could mean the person you buy share from will get the dividend. Not good.
The way I figure, the buyer will hold 90% of 1 million OS shares of ASNB. (that is after a 1 to 50 reverse stock split.
That leaves 100k OS shares to split $200k of funds or a $2.00 special dividend.
Anyone who could get a $2.00 special dividend by buying 50 shares for $0.033 per share would surely be moving on it. $2.00 for a $1.65 invested? Not a bad rate of return. That is if those shares you added to an existing holding get fair treatment.
Looking forward to seeing how this works out.
OCR,
Well the SEDAR news is now getting seen and this news is super. India is a great place to start the license program. A fee for the License and a per ton surcharge would really help the cash flow process. It also means a possible start up in 2022 for our LA plant.
I wonder where the cash will come from for the test plant start up? And I am not sure it is 1,000 tons per customer or 5,000? But the CLIMATE CHANGE politicians around the world have made it clear: NO more coal. And what about China? It is having a difficult time getting coal now. Wait a year or two and their coal plants may sit idle. Not good.
This could be why no trades are happening for NINK
Per OTC Disclosures WEB site
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
Also. NINK filed NT10K on September 29th. Reason vague.
And both have a business model that generates revenue. The question remains: How is SMFX going to generate revenue?
I read why Sam bought the sec filing for Paper Free. its says:
S.A.M. Trade (Asia) Pte Limited is a holding company that facilitates the centralized management of intellectual property and proprietary technology analytics associated with the development of our multi-award winning Samtrade FX trading platform. As we expand globally, it will serve as a fundamental hub for the integration and management over intellectual property assets pertaining to the FX brokerage.
OTC says it has 100 employees.
How will it generate revenue. It appears to me to be a company that holds patents. Do they charge the using customers a fee to use the platform?
I need some help understanding how they make money?
Looks like another great quarter. Increasing the dividend again in 2021 means more cash flow and good production. I hope they have good news about getting the "Golden Mile Mine" into operation in 2022. That would really help the price multiple and move this company to the mid tier level of gold miners.
The latest PR from GORO leaves me sick. All year the fact that a solid Gold Mining company would decide to split up was confusing. All the top executives left for Fortitude and the new CEO added a bunch of no names to GORO.
But now I see a good reason for the breakup. This Latest PR is pure "WOKE". Millions have been spent and the major focus of management has been to achieve what? more in ground proven reserves, more gold production, a more efficient production process?
Nope, Here is their great achievements for 2020:
A 38% decline in greenhouse gas emissions (or 23% decline related to tons of CO2 equivalent produced per tonne of ore processed).
A 14.8% decline in the fresh water withdrawn per tonne of ore processed.
A 31% decline in the fresh water consumed per tonne of ore processed.
The percentage of tailings recycled through the paste plant rose to 26% from 5.7% in 2019.
The declines in tons of CO2 equivalent are largely due to the conversion to the electrical grid from diesel generating capacity.
Now remember the mine was shut down for at least three months. It may have rained more in 2020 on the leach pads. I would hope we would re-use the water we use on the leach pads. And we are re-running our tailings because our collection process is flawed?
This company is sick. I hope to find a breakeven exit point soon.
Well the wait is over. OTC has now listed the SEDAR data for BMSPF. This means they are "PINK" compliant. So we can continue to trade this stock. However what we do need is a off take contract for pellets. With Biden in office, where are the electric power producers with "hated coal plants"? Have they all switched to Natural Gas?