I was going to procrastinate, but decided to put it off.
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Hope everyone had a great Easter. Very special weekend for Christians.
Here is my Pastor, David Benjamin, the most awesome guy in the world, I inspire to be like him. He always has time for you, a very busy man. He is from India, his father was a pastor of a christian church there.
People who don't believe have nothing to comfort them. A prayer and I am fine.
Hi guys,I am a christian, and this is my take on COVID-19 and reason I am not too worried about it. Have not posted for a while, I am admin on SI for the last 9 years. Known Dave since the 90's.
COVID-19
If you bought in the 0.15 cent range, you have no right to complain.
What about the people that didn't get in early, who bought at .40 cents and up. Target prices were over a buck. They lost out big time. Just because a few got in at the ground, doesn't make it a successful play. As all the others got screwed.
I hardly think AAA was a great run, I have had stocks with massive gains. Do you forget the deal we got? 50 cents a share. If you bought at 5 cents that a 10 bagger. I have had larger ones than that.
We got screwed and its strange to me to see people thinking this was a great play.
All the pie in the sky dreams and predictions did not come true, as AAA shareholders got the short end of the stick.
Almost all penny stocks run up and then the shit hits the fan. AAA is a poor example of a successful stock.
In my opinion the deal last week is written in stone, as per the Financial Post interview with Farhad Abasov.
The company was in negotiations to sell a large stake in itself to a state-owned Chinese construction firm that could finance the project, but the premium was significant. Mr. Abasov argued, however, the Chinese option would be punitive for shareholders. "It would be close to 100 per cent, if not more, dilution for shareholders," he said. The all-cash bid from Israel Chemicals was better than the close at 33 cents Thursday, but far below Allana's high of $2.30 in 2011.
Allana Potash Corp (C-AAA) - In the News
Post says Allana accepts 50-cent Israel Chemicals bid
2015-03-30 08:59 ET - In the News
Shares issued 325,225,006
AAA Close 2015-03-27 C$ 0.475
The Financial Post reports in its Saturday edition Allana Potash has agreed to a $137-million takeover bid from Israel Chemicals Ltd. because there was no other way to avoid massive dilution of shareholders. The Post's Peter Koven writes Allana's Danakil project in Ethiopia is expected to cost $642-million (U.S.); by comparison, the company had less than $8-million on its balance sheet at the end of January. "Even if we could raise half of the money through debt, which is uncertain, we would still have to raise substantial amounts through equity," Allana chief executive officer Farhad Abasov told the Post. "And that equity would come at a substantial discount to the current price." Allana did have options apart from an outright takeover. The company was in negotiations to sell a large stake in itself to a state-owned Chinese construction firm that could finance the project, but the premium was significant. Mr. Abasov argued, however, the Chinese option would be punitive for shareholders. "It would be close to 100 per cent, if not more, dilution for shareholders," he said. The all-cash bid from Israel Chemicals was better than the close at 33 cents Thursday, but far below Allana's high of $2.30 in 2011.
I believe this is what happened to AAA:
John Kaiser: On Retail Investors and Junior Companies
Did you read the news release? I think you are wishful thinking here.
The news release was pretty clear to me, the deal is done in my opinion. There is also wishful thinking remember when people thought this would go to production?
I sold today. What a waste of almost 5 years on this POS.
Class action law suit? That will take years and we still end up with bread crumbs.
I always figured we would get a dollar for the project, but we got a chitty deal here. Now do I sell today or not, I think this deal is in stone, so I don't think there is much upside.
Looks like we got the short end of the stick. .50 cents is a crock of chit in my opinion. I was expecting a dollar.
To me looks like we are headed back to the 20's again.
Was expecting news for AAA after the run up.
Admins like links.
LOL, you don't make it easy for an admin to find a post to delete. Always include a link to the message you want deleted. Admins can't spend all that time figuring out the exact post you want deleted.
I am an Admin on Silicon Investor.
Looks like everyone was expecting news, including me. Now that we wait and wait, the share price falls back. If we don't get news next week, in my opinion back to the 20's.
Must be news coming out.
If there was more volume I would say news is coming.
About the feasibility study on the MOP project is done?
This is almost 2 years old, but in my opinion still applies:
http://www.stockchase.com/company/find
Death by a thousand cuts, thats whats happening to AAA.
WOW.
I don't put much credit into TA on pennies, but I think we will see the 20's this week or next week. And if financing is a problem then 9 cents.
Closed down Friday to close at .37 cents, closed down today at .35 cents, in my opinion, trending towards the 20's again this or next week.
What is going to make it run to a dollar?
Market is falling apart, on its way back to the 20 cent range.
Yes it was, now that the traders sold their shares in this range, they can wait for a pull back to the 20's again. Then reload.
Here is the trade, the same house did the trade:
Marker:
K Sets the Last Price
W By-Pass Trade Regulatory Trade – indicating the "hidden" or iceberg portion of the order was not satisfied. Depending on whether the trade was used to move the price down in accordance with UMIR, or the ByPass Cross was put up, it may or may not set the last sale price. Please use the K marker to determine the last sale price. They are also included in the volume, value, and number of transactions.
http://www.stockwatch.com/Help/Quotes.aspx?menu=yes#quote
Someone traded the stock at the last second to prevent a low close:
15:59:59 T 0.37
I am not short the stock, but here is the short position as of the end of Feb 2015
T : AAA 2015-02-28 26,800
Not that much short. I don't short sell. Never have.
We closed up one cent, wow. I don't believe that some investors on this board think there is any risk to this play. AAA could fall apart.
Reminds me of a gold play, they had the goods, the government got involved it wanted more taxes, the company was sold off at fraction than it was worth, the investors were shocked and pissed off.
What can go wrong will go wrong. Like I said this is not a done deal.
Tomorrow is another day, and I believe we will close down.