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It's been a long time since Iv'e been here. Do you know when the company will start minning one of their projects?
I wonder who is front running this? A company with no news for over a year and we get 35 million shares traded in one day, then 8 million. That is a lot of shares being bought for no reason. Will we get info on the arbitration or the Scott Record info? Or is there an order in the works and the company about to place an order is buying shares? We are an hour into the open and a half million shares has traded and the stock is at .0042 with no news. I'll keep my fingers crossed that we get some news soon.
Things are looking good right now. Pennsylvania and now Arizona are at the beginning stages of taking back their electoral votes. Trump team now has permission to review the voting machines in Clark County. The recount in Wisconsin is showing evidence of illegal votes. And, to top it all off, all you need to do is read this...
https://www.whitehouse.gov/presidential-actions/executive-order-imposing-certain-sanctions-event-foreign-interference-united-states-election/
Just thought I'd stop by again to see what's happening. I see Dark Lady broke her promise and returned. Probably wanting us to buy that POS stock MITI. I see it is now under 2 cents a share. Remember when we didn't have much time before that takes off. When did she say that...I believe about six months ago.
I have been hearing about Leep going Grey for about four years now. What's with people and their stupid opinions?
Did Leep win the Arbitration? I can't confirm it. Anybody here got an answer? I read on here an 8K is coming. Does that mean the arbitrator has decided on damages and is about to be released?
Scott wants to take over the company without shareholder approval. If he wants to help the company in some way he can help brings sales to JN. If at a later date things turn around maybe he can work for Leep. Or maybe when or if the company starts to do great we can afford to have a Board and he can run for a spot on the Board THROUGH A SHAREHOLDER VOTE. There is no just joining forces. There is only one CEO.
I am aware that this board is not a place to put news or updates. I was being sarcastic because no shareholder that I know of received a proxy to vote on the new BOD or was given information that there was an upcoming vote. Apparently we have a new BOD and CEO with absolutely no press release and no shareholder vote. So much for your, "Thankfully, LEEP will no longer be withholding information to the point where shareholders feel the need to come here for their information about the company."
As you stated, "this forum will never be the conduit through which Leep itself will share critical information about the structure of the company."
Funny, I saw a few weeks ago, Scott Record posted on here that there is a new BOD and he signed off as the new CEO. So much for this forum being a conduit of company information. Why not a press release?
Since there is no press release on this new BOD and there compensation, and how they were elected without advanced shareholder knowledge and proxy vote, on behalf of the shareholders I will be contacting the SEC to get this information.
There is no new BOD without a shareholder vote. One in which every shareholder is given a proxy mailed to them by their brokerage.
Call Scott? Really!? I just asked for names of the new BOD that I did not place a vote for. The SEC is going to love this.
So you are doing this with or without us. Kind of hard to do that without shareholder approval. Still waiting for Scott to give us the vote on the new Board of Directors. Who are they? I would like a list of names and their compensation. He also on a post claimed to be the new CEO. Where is the press release letting everyone know? You say you now have legal representation. They should have informed you that you need a proxy sent to every shareholder to vote on that so called new BOD. You should also be aware that minutes of the BOD are subject to shareholder inspection. I would like to see the minutes and the vote to see how Scott became the CEO.
Under Section 16.02 of the Model Business Corporation Act, shareholders of a corporation are specifically entitled to inspect excerpts of the minutes of shareholder, board and committee meetings.
I think that's the right idea. I am going to wait till December to see what happens. I have till December 31st to sell for a loss for tax purposes. Maybe we might get really really lucky and something happens.
It maybe as simple as no one willing to sell under .002 a share. If there is no sellers the Market Maker has to move the ask till he finds a seller. With a spread like this you are right, very fragile. But it doesn't appear to be any sellers under .002 a share. Thats a good thing for us.
In my opinion shareholders should wait for after the arbitration to see what happens. Whats 3 more weeks, or less. Like I have always said, you need patience. Oh wait, that was DL who always said that. Let's take her advice for at least 3 more weeks.
I come on here sometimes and I just shake my head in amazement. I'm sure Darklady is a nice person but saying I don't understand to a post I wrote makes no sense. I didn't tell anyone to buy the stock. I just said to wait until after the arbitration to sell. The stock may double or triple with an increase in volume and you can use that to sell at a better price if you choose. If the stock stays unchanged you lost nothing. The bid is only .0012 with 70,000. You sell him the 70,000 shares with a $7 commish and you get $77. I am going to wait till November-December and see what happens. And the loser of an arbitration case pays all attorneys fees.
This Record character is something else. No proxy was sent for a BOD vote.
And this so called BOD made him CEO. He has a screw lose. I brought up the fact Leep didn't have a BOD a while back. But how would we pay for a BOD with no revenues. So it went no further.
There was another poster who was a long time shareholder, I think Brainiac was his name who claimed to have someone who could take over as CEO who was a builder I think in Mexico. He may have been trying to do the same thing as Record. It fizzled.
No, I do understand. It is you that does not understand. If it is arbitration then the loser of that decision pays all fees. Including attorney fees. So if Leep wins they pay nothing. I don't know where you came up with $5 or $6 million from. If John has orders but can't fill them because of this arbitration then all we need to do is wait for the decision. If he doesn't have orders a shareholder should still wait before selling to see what happens. There is no way you can sell a lot of shares and get a good price for them now. You might as well wait till December to take advantage of tax loss selling. You sell a block of shares at the market now you will get killed on price plus a $7 commission. You sell small increments at a time at a limit price you have to keep paying a $7 commission. There is a small buyer last I checked at .0012 a share. If you own shares just wait till after the decision on the arbitration to see what happens.
Of course you don't have time to answer a few silly questions. You claim to be the new CEO. You are probably busy right now writing up the new press release to announce to the investment community that Leep has a new CEO and Board of Directors. I would just love to see how that vote turned out for the BOD. According to TDAmeritrade Leep has 1.2 billion shares. Not sure how accurate that is but, would like to know how many votes each Board member received. The BOD appoints the CEO. Still curious how I never received a proxy from my brokerage to vote on this BOD. Never even got a notification that there was a shareholder meeting. I have millions of shares that didn't vote. Did anyone else here receive a notice?
Did you file a proxy statement, otherwise known as a Form DEF 14A (Definitive Proxy Statement), with the U.S. Securities and Exchange Commission?
I didn't call you because this is all BS. I wonder how the SEC would handle an attempted coup of a corporation by not having the shareholders notified of a vote of a BOD who then appoints a new CEO?
What is a Proxy Statement?
A proxy statement is a document containing the information the Securities and Exchange Commission (SEC) requires companies to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual or special stockholder meeting. Issues covered in a proxy statement can include proposals for new additions to the board of directors, information on directors' salaries, information on bonus and options plans for directors, and any declarations made by the company's management.
To Dark Lady and ED3, I only have one post left so I will respond to both right now.
Dark Lady, I am aware that my comments will fall on deaf ears. I have heard of an arbitration going on with OVC. If there is or isn't we will find out soon according to what I have read. I sold some shares last December. I wrote on here that I would for tax loss selling. Right now is not the time to sell in my opinion. If the arbitration is real and if it is in favor of Leep, the stock will go higher. If nothing happens then sell in December for tax loss selling. It would be difficult to sell a lot of shares at a decent price right now anyways. If you have held this long you can wait 2 or 3 months and see what happens.
Ed3/, John has a clue. I have been a shareholder since 1994ish. I know that John N. spent at least the first year as CEO trying to negotiate the large sum of debt left by Grant Record for pennies on the dollar. From what I can remember John N. was introduced to a congressman Hal Rogers of Kentucky who introduced Leep to OVC. The military was testing Leeps Panels and OVC was threatened by them because they supplied tents to the military. Thank God John N. had all the Non Disclosure documents signed before OVC got to close. Thats why they went to court.
One more thing, he is going to initiate a push to seek legal council for a class action derivatives law suit against Dennis Schrage, John H Nordstrom, LEEP, Inc., OVC, Kentucky Highland Investments, and anyone else we can find that had anything to do with this. Well the lawsuit against OVC was won by Leep. So he can't do that. He would be wasting his money. Secondly, the legal council he says he will hire will wonder how he became CEO without a legal proxy vote. I wonder how the SEC will look at that?
Wow! Just thought I would come back to see whats going on. Apparently a lot behind the seems. A lot of posts to read. Your name is Record? I remember a Grant Record who racked up a ton of debt and diluted the company before he was replaced.
Here is some questions for you...
1) A Special Shareholder Meeting was held Monday, August 31.
Funny how I did not get a notice in the mail 10 days prior to the meeting required by law that contained the date, time and location of the meeting as well as an agenda or explanation of the topics to be discussed. As a shareholder I did not get my proxy form along with an invitation, to attend the shareholders' meeting.
2) Mr. Record went into one of the three facilities, and located Leep's equipment, and observed, video taped and photographed a very large quantity of Leep Core, of which the intellectual property rights belong to Grant C. Record.
So OVC just let you walk right in and video tape everything. And the Intellectual property belongs to Grant Record. Funny how it took Grant or yourself 12 years to mention that fact. Besides the court ordered the equipment belongs now to OVC. Oh wait, you said...
3) The "lawsuit", "settlement", and "arbitration" all appear to be smoke and mirrors in order to conceal the truth from the investors and the general public. Really!? Truth about what?
That lawsuit is smoke and mirrors. Here it is..
https://www.leagle.com/decision/infdco20180928e19
4) We still have a considerable amount of discovery to perform, but we now know that the roll former and presses have been churning out Leep Core for more than a year, without the knowledge or consent of the Shareholders, or even the full Board of Directors.
What Board of Directors? Leep does not have a Board Of Directors.
You have to pay a BOD. I never voted for a BOD even when Grant was CEO. Who are they and what is their compensation? The roll former and presses have been churning? In your post 20227 you wrote, according to David, NOBODY can run the equipment without him. And Dave says that he is the only one that understands the chemistry." If they are producing without Leeps knowledge, perhaps that's why Iv'e been reading about some arbitration case. And another mention of a board of directors that I did not cast one vote for. What are their names, how many shares do they own and what is there yearly compensation? And please tell me how you plan on paying their salaries with no revenues. Don't you think it would be more prudent to get the accounting in order first so we can get our financials updated?
Sorry that happened. I just clicked on it from my post and it appeared. Its a nine minute video. I found it on Dave Kranzlers twitter. If you scroll down about six or seven tweets you will see it.
I've just decided to save pre 1982 pennies and all nickels. Nickels are 25% nickel, 75% copper.
If you go to coinflation.com you can see the melt value of coins.
cent = .01848 cents
nickel = .04093 cents
The topic of a coin shortage came up a while back. I came across this short youtube video. I just sent this off to a lot of people in my email. Hopefully everyone here will think it is worth to pass along to everyone in their contact list. The Fed is truly the enemy of the people.
Thought I'd come back to see if anything has happened. Guess not. So DL sold out and is pushing people into MITI. Really!? So much for patience.
I was able to sell some shares last December for tax loss purposes. I sold more again a few months later to buy gold and silver miners. I still own 2 million shares. I think the best thing to do with the stock price where it's at is to wait and sell in December. You wont get much for it now. You might as well wait till then and see if we get lucky.
If you want to buy good stocks you have to consider miners. The dollar is falling, debts are going through the roof and central banks are constantly printing currency. Warren Buffet just bought 20.9 million shares of Barrick Gold. There are lots of good miners out there. Or put some money into an ETF like GDX, GDXJ or SILJ.
You said it all right there. I was forced to sell at 38 cents (US)today. There are other mining stocks out there that will increase in value. This dilution didn't give me any confidence that this stock is ready to go higher any time soon. I will wait for a cheaper price to get back in.
We had three deals and we still didn't raise enough money for operations. Gold is over $2000 and the stock is under 38 cents. How do we know they wont dilute again in a few months? How much longer before First Mining pulls gold out of the ground? 18 months? 24 months? Was $25 million enough?
What good is creating value if you keep diluting. This made me sick. I wonder how many people new this was coming and sold over the last month? The stock had a lot or resistance around 43 cents. Even after all that great news we had the stock seemed to hit a wall around 42 and 43 cents. I was surprised this stock did not go higher than 50 cents. I thought it was just taking a short pause before a new leg higher. OOPPS, more dilution.
Gold is back over $2,000 and this stock is 37 cents. I'm still looking for all that value you are creating Dan.
I would like to thank the BIS, and all the corrupt banks for hitting the metals again today. I was more than happy to buy more physical today. I found out they need to find 500 million ounces of silver for delivery in a few weeks. The dollar index again is touching 93. Will it close below it today?
Yes they would have to be. Instead of 70 million shares we get 23,333,333 shares. That means with First mining shares at 633.4 million divided by 23,333,333 that comes out to one share of Treasury for every 27 shares of First Mining Gold you own.
35 million warrants becomes 11,666,666.
633.4 million divided by 11,666,666 gives us 1 warrant for every 54 shares we own.
The Dollar index is flirting with the 92 handle.
I saw that video yesterday. I like Greg Hunter.
I don't follow Treasury Metals very closely, did they just do a 3 for 1 reverse stock split?
I don't see a further drop coming in gold and silver. Just way too much physical buying. This was a gift. Money printing has not stopped and the dollar index looks like its going to test 88.
You are correct. I was referring to previous years. This year it looks like over 90 metric tons of silver mining as of end of May has been lost due to mine shut downs in Mexico and Peru. Do not know June, July and August number yet. Some mines have opened but not all.
When Silver and gold took that dive back in March Keith said he wasn't going to sell silver at these "stupid" prices. They have plenty of cash to hold off selling for a few weeks. I would love to see him hold off till September, but, I'm sure he knows what he's doing.
Found out the CME on Tuesday said it raised margin requirements on gold futures by 6.9% and silver contracts by 15.2%.
They need to deliver a lot of metal so they decide to sell silver to hit the stops to start a cascading effect. Then raise margin requirements to shake out the rest.
Gold hit a low of $1885 and silver $23.59. So far they have bounced nicely off those lows.
1.75 billion paper ounces of silver traded today. Do not have the gold figures yet. The miners produce a little over 800 million ounces a year. Two years worth of production traded in one day. This is a gift. We all know where PM's are going next year.
I hope Keith decides to withhold selling silver until September to screw the Comex.
I remember you said that. I just bought more silver. There is still a shortage of metal out there. I can't wait to see at the end of the day how many shorts were added to bring these prices down.
The Comex needs to find over 300 million ounces of silver for delivery. That number I heard was from earlier this month. I'm sure it has changed. Yes a correction is needed but I wonder if the banks are naked shorting to hit the stop losses to accelerate the selling to cut their losses when it comes time for delivery?
It is all paper trading and I doubt people are selling their physical. I don't see premiums going down.
According to the Feds website, the Fed has increased the Federal Reserve Notes in circulation by $200 billion over the last five months. The last $200 Billion they increased in circulation took them 27 months.
A few days ago I heard the COT shows 300 million ounces of silver need to be delivered at the end of the month. I did not get the amount for gold. Did anyone else hear the same thing?
Is this the end of the Comex? The brown stuff is hitting the fan. I bet JP Morgan is in deep doo doo.
Amen brother. Your last comment on the post, "$2000 gold is coming. The bigger question is will it hold $2000 this time around?" I'm going with yes. I'm going to buy more now.
I came across Onegold.com It's a way of buying PM's with low premiums. Apmex and Sprott put this together.
"Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy."
Winston Churchill
Maybe $2,000 wont be so difficult after all. Fitch just downgraded our debt from stable to negative right after the close. When the S&P downgraded our debt about 10 years ago the markets sold off. Lets see if gold breaks $2,000 Sunday night.
"America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves."
Abraham Lincoln
Yes $2,000 Just like with every new century mark will be resistance. I think we were hitting resistance at $1480,$1580, $1680, $1780 and the $1880 level we went right through. We may hit resistance at $1980 and be trading between that and the old all time closing high. I believe that was $1890ish. Old resistance becomes new support. When gold does break above $2,000, those with no exposure are going to take notice. That's why I think the miners will become the next .com mania for a few years. Like my previous post mentioned the miners have big earnings and real assets, the dot coms did not.
I have this belief that once gold breaks $2,000 and can close above $2,000 then the miners will become the next .com stocks. Just like in the late 90's if you had a .com in your name people were buying shares. It didn't matter how much money they were losing. Anybody remember pets.com? I believe this will grab so much attention that if you have gold or silver in your name shares will be bought. The difference is miners are making money and have real assets. Just a theory.
"The American Christian will die on his feet before he will live on his knees."
George Washington
Does anyone know when this company plans to start the mining process?
I have heard that the Senate is working on a new Kung Flu bill to give individuals $1,200 in new direct payments again. Has anyone else heard the same thing?
For those a little surprised about the last few days of trading in First Mining, patience is needed. Remember, the stock was trading at 9 cents on March 16th. Thats a 400% move in 4 months. I'm willing to bet that some who bought at those lows were selling and moved into silver stocks. After a run that we just had, the stock needs to take a little breather. Let it catch it's breath before the next sprint higher. If my memory is accurate Implanting mentioned a possible correction might be coming. He asked what people thought and how much of a decline. This was when the stock was about 35 cents about a week ago. I think the stock is performing beautifully. Look at the volume. Some people want to sell and take profits and move on, but look at the buyers coming in an buying what they are selling. I would be worried if the volume was weak. Right now we are almost at 500,000 shares trade.
"A Government big enough to give you everything you want, is strong enough to take everything you have."
Thomas Jefferson
Yes $20 did seem to be the price that woke people up.
I wouldn't doubt that they are putting their currency into ETF's. The Robinhooders are there to just trade. They may look to find bargains like First Mining Gold. I wonder if those bitcoin hodlers will see their bitcoin is stagnant and want to sell and get into gold and silver? We'll find out.
My friend is probably kicking herself for not buying last week. But at least she got in. I told her to educated her family and get them some PM's.
I just read this info...
A typical iphone is estimated to house 0.034g of gold, 0.34g of silver, 0.015g of palladium, and less than one-thousandth of a gram of platinum.
There was 40.8 million iphones sold in 2019.
1.56 billion smart phones sold in 2018.
Well, I used up my three posts. Good luck everyone.
"He who dares not offend cannot be honest."
Thomas Paine
She placed her order from Apmex. They usually have supply. I believe it was 500 silver eagles and 200 of the indian head with the buffalo on the reverse. I believe 500 is a monster box.
But to your earlier post, I'm sure this is happening everywhere. What I am curious about is the millennials who are now on Robinhood and those who invested in crypto. They saw the fast rise in bitcoin. Is it possible they may look at gold and particularly silver and throw their money into physical and mining stocks? I'm sure some have already. If a large percentage of them do, then corrections could be very short lived.
I'm guessing the selling is very brisk. A friend of mine sent me a text message with the picture of her order she placed yesterday. She bought 700 ounces of silver and 5 gold eagles. I've been trying to get everyone to buy physical for the last few years. She finally realized what is going on.