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They are not getting timely updates on "their" timetable or when "they" want, instead of the SANP's timetable or when they have it. Yet, we got an update last week, an unscheduled one yesterday, and one coming mid-week. Is it possible that the CEO's might just be a little busy meeting merger timetables while running other business responsibilities and don't have the time to give everybody a step-by-step? They're doing a good job with updates, some people are just impatient or just caving to fear.
You see, that is a perfect example of a valid argument and I can concur that is not behaving like a stock that is about have positive news come out tomorrow. However, I have tried to circulate elsewhere and SANP seems to be getting a lot of negative comments other than just people on IHub that could very well be destroying other people's confidents who don't look deep enough themselves. It could also be bigger investors involved with the company may be holding the PPS back to keep SANP as an OTC so they can still use a shell OTC to break into the US market and not have to attempt an IPO. I'm Just thinking out load of course; I don't have much experience in that arena
I had my load since they were .0002 in August and prefer to take the risk on waiting to see where it goes and I remain positive that SANP climb will eventually reflect the CEO updates. Honestly, if I loose it all, I don't loose much; but if this goes big, I win big. At this point in time I'm just not getting enough to make it worth my effort or enough to make a worthwhile impact on my finances if I were to get out.
I'm just going with it is not an "official" update because it is only sent to individuals not involved with the merger negotiations and not put out to the public. Also, everyone else's reply to this post was valid in their own right. If Canoe Pool what's to put out an "official" announcement, then I will take note.
I do not know much about Chinese culture or business practices, but I get the sense they are very tight lipped until any agreements are verified and we wouldn't get much from them as citizens or maybe we are still considered outsiders here. Either way, we still have not received ANY "official" updates directly from Canoe Pool and so everything else is disregarded.
No, most of us are not ignoring anything negative, but we just have not received any "official" updates from canoe pool; positive, negative, or otherwise. We have received plenty of "official" updates from SANP and they happen to be positive as promised. Until something official comes down the line with substantial evidence, most of us are holding and not being shaken by fear tactics or rumors.
Sorry, not all of us. I've been watching what's been going on, so I'll just wait for the official update and keep waiting for all future updates all the way up to the November deadline. All official updates from SANP has been good news so far, so I don't understand why everyone is panicking and selling before they come out. Oh well, their call, I prefer to stay calm and logical.
This after hours talk again. I thought it has already been established several times that OTC's have no after hour trades and those are T trades from throughout the day only there for reporting purposes and so they don't count.
I would think "Positive Talks" covered it as much as either party is legally allowed to. This PR that included the new CTO announcement with his IT credentials seems to be an attempt to elaborate on that without violating any legal restraints. "Positive Talks" are technically still in the negotiation phase and there can't being any release on decisions until they are solidified and finalized.
Not that I think so, but that could be one scenario. For the sake of argument, if it is the case, it could still have huge potential opening the Bitcoin market up in the US more when China is currently blocking exchanges. If you're a CEO that wants your company open to a market that is huge, but you really know nothing about it, you definitely hire an expert to make have the best chance of success.
I wholeheartedly agree. Putting out PR that they are bringing on brand new qualified IT talent such as Bansbach is putting out that the merger plans are on a very positive path without directly telling the public about something they can't legally speak of. After all, the Bitcoin mining is really the only tech venture Santo has in sight right now, so why else would they need such an IT guy or department.
I'm sure I'm just being Captain obvious here and most others can read between the lines just as well. However, SANP could use this good press and shareholders could benefit from such re-assurance. Still, I would be holding long regardless. Actually, I would load more if any of my less promising stocks in the green enough to sell to transfer buys into SANP.
Good logical analysis. I always appreciate these unbiased breakdowns to help me with better insight into the chart and stock. I do lack some understanding, but analysis such as yours leads me to look more properly at SANP with more knowledge. I also concur, although I like to stay conservative, but I am still hopeful for much better outcomes
I agree. "Positive Talks" is an update that negotiations are going well between Santo and Canoe Pool as promised and corporate updates mid next week is another promise of updates to come. Now, lets just wait for those updates after they are sure of what direction things are going. They have been keeping their word so far.
You're absolutley correct. I wish to verify that I have taken note from the wise words of you, everyone you mention, a few more not mention, and Cheds, ever since his most recent input here. They have not gone unnoticed by me and I respect and value their evaluation, especially that of SANP.
Thans for the imnstruction. I gotta pack this up now, its checkout time and I'm muddling through all this with my Xbox One Explorer app and hence no mobile capabilities. Catch you all later and hold strong. SANP
Agree 100% Skipper_70 because your posts always make sense with plent of levl critical thinking and logic.
Just for the record, you are one who's substantiated opinion I value and I use it for guidance. Let it be known by all that when I say guidance, I mean looking into research topics and not a deicision maker for me. Still, it is valued and reliable. SANP
I need a quick verification. Is a member mark the same as following someone, or is it something else that I am unaware of that I may need instruction on how to do? I am new at this and figuring it out as I go. Thank you.
I forgot to mention this trip includes my two grandkids. Arrived safe after a little hiccup with the GPS, but that led to a much more besutiful back hills drive.
I just got on here to see how we did and I noticed very little movement. As far as I'm concerned that's fine as we haven't gotten any real news update. I look forward to seeing how this week turns out after an "official" word, hopefully from both parties actually in the negotiation. If there is none, there is still some time until November. One thing is for certain, everyone truly invested in this at all levels wants it to succeed and get a huge return. SANP
In the meantime, I'm gonna enjoy my trip with my daughter and grandkids that has already stared out as a great time with no chance of a pullback.
Well SANP peeps. I'm gonna have to be off this board 'til about Sunday evening. My daughter is taking me on her trip to Salem MA this weekend. I don't know, some Friday the 13th, Halloween, haunted town thing for her. I'm just getting a free ride to get away since a long time ago. I'm not sure I'll have internet access anyplace, but maybe its best to take a break. Besides, I'm not needing to sit here and watch the stock when its going to be a bit for it to get to where I need it as I'm holding long and not flipping on day trades. Maybe there be some good news when I check in on Sunday. If not, its still on its way up and Monday is just around the corner with updates still coming that should send her climbing. Be patient, hold strong. SNAP
I know. Even I can do the math and understand the logic with my little experience. From my perspective, being that SANP is a sub-penny OTC, this small of a fall from such a high rise is impressive.
What I don't understand is if I can see that, why is their anybody who can't?
Good find. I am going to have to find some time and really study that LOI. I would dare say that all these "e-Mail inquiries" could very well be classified as interest and push the stock up. However, that is an amateur speculation, but would be nice if it were correct.
Sheesh, I wish I knew how to get into mining business myself. That would be a double payoff.
Yeah, I think I'll go with LauraT on this one. Lower level not knowing or even staying tight lipped makes more sense, even in my experience.
You know I was thinking the same thing, but I didn't post due to my lack of experience and I figured it would have just been viewed with little credibility. So, thanks.
However, I wholeheartedly agree, not to mention all the legal implications of releasing statements before their time.
Wow... I took a nap with the grandkids and was pleasantly woken up by the
BOOOOIIINNNGGG!
That has nothing to do with SANP. Your childish antics are worthless here.
Never said their wasn't a legitimate possibility, but there is a legitimate possibility it could go multiple ways. However, the DD on this board supports legitimate possibilities to pay off in the long run and its worth the chance.
Never said I didn't do my own DD. However MY DD, leads to the same conclusions as these more respectable investors with a lot more experience than me and even you. I may lack experience, but I am smart enough to follow a solid lead.
If you plan on going up against them and their substantial evidence, I suggest you offer more than speculative articles and unproven claims. So, like most of us here, I really do not care about your claims. Move on to something you support and make your own life. Why do you care what we do with our money?
As for me being "lazy," I am in my forth year studying for my Bachelor's in IT while holding a 3.5, working full time, taking care of my two grandchildren while their mother is working after I raised both my kids as a single father, and now I am trying to make a go in securing all our futures with all my investments on top of finding time for life. I am far from LAZY, thank you. SANP
I've read every one of those articles you posted. They are all based on rumor and speculation, no facts. Some of them even stated that in the article. That is all you have brought to the table.
Your opponents here have brought solid legitimate DD from multiple legitimate sources and have stronger backing of character. So, I'm going with their analysis.
I'm just surprised nobody else pointed out that the articles are based on rumor and speculation. For the sake of argument, even if the articles do end up to be true, so what, this is an opportunity for a major Chinese business to break into the US market and SANP still has a diversified market base that is still expanding they can work in anyways.
The only smoke and mirrors here are the few links and rhetoric you have presented. The strong holders are not listening, give it up. SANP
Good analysis. I agree, this pullback only concerns day traders who would have lost money. Most of us here I holding long and are concerned about the big picture that the bulls are still in control of as Clay said. SANP
I'm not happy with this drop either, but as more experienced investors have stated, the climb up is going to involve some slips.
Besides, I've been letting my brother and friend know about this opportunity and now it seems they have a chance to get in a little cheaper.
After all, we never actually loose any profit if we don't sell before it rises. SANP
I hear ya. Unfortunately, I have tried competing with DTers a little ways in the past and know exactly what you say about loosing. I dropped that and the whole expiry time trades also to try a different route.
I am by no means highly experienced with all this, but I am intelligent enough to know which people know their stuff and I have been listening on these boards, taking their leads, and learning by researching what they all present.
The only reason I mention that lucky break some got selling on the spike and buying on the break is, after doing the math, if I had been as lucky, I would have turned my 715k shares into 910K shares. Again, I have no regrets as it could have gone either way and I could not afford the risk of loosing all my shares.
Wow, a lot people easily scared here.
I have less than $170 in my checking account, no way to replenish it at the moment, and could of easily sold all my SANP shares for much needed couple grand.
I am the prime example of desperate that I'm sure very few, if any, here come close to. Yet I didn't get scared by the negative hype enough to let go before even getting real updates.
If I can't get scared in my situation, very few others should be.
I guess I can say is my only regret was not selling at .0028 and buying back in at .0022 or lower, but hey that was a chance only a psychic could predict. So, congrats to those who made that call. SANP
My Scottrade is out of sync. I'm not sure if it is late or ahead, but it just said we were at .0025
Way to stand firm. You , sir, just got another follower. $ANP
More of a Harley man, myself.
Thanks for the tip. I will, I just have to make enough on SANP to sell a little and ride most so I can afford other moves.
I am in the exact same position as you, except I was able to get 715K. But they're right, at least we got a really good buy at .0002. We just have to hold a little longer to make enough profit to not work and find another great investment to purchase a bigger load on down the road. I'm sure we're not the first to start out like this and we won't be the last.
Personally, I bought this due to their low value and potential profit in the marijuana market, I just got lucky with this whole merger.
So, with all the detractors using the possibility of a reverse split as an argument, I decided to educate myself on exactly what that means. The way I understand it is whether it is a regular or reverse split your total stock worth doesn't change. A reverse just gives you fewer shares at high amount per share and a regular just gives you more shares at a lower amount per share. According to all the articles I read it is just for aesthetics and public relations; as for revers splits, it is usually to keep it on the public exchanges.
So I do not understand the fear of a split either way except that traditionally a reverse causes bad reactions by traders. However, my takeaway form that is that too many traders get scared and allow their emotions to control decisions when they need to stay level-headed and logical. Can someone explain to me why any split is bad on its own without bringing fear into the equation? Regardless, I am sitting on all I can put into anything right now and do not plan on selling any SANP until I can get $35K to cover my life expenditures and other investments without letting go of a large percentage of 715K.
Good to know. I was a bit concerned because I spent a lot of time comparing companies and decided on Scottrade out of all of them, leading me to wonder what pros I may be loosing or want cons I may be gaining once the transition was done. Thanks
I forgot to mention that I was sent a notice on September 18, 2017 that Scottrade and TD Ameritrade officially merged into one company. I have been informed that nothing changes for existing clients during account transition, but I'm not sure about new clients or which broker a new account would best start with. However, the e-Mail boasts about TD Ameritrade's rankings, so it gives me a sense that when account transitions are complete early 2018, TD Ameritrade may be in charge.
I have a Scottrade account and just what to give you heads-up that certain deposits types would fall under restricted funds. ACH transfers through Money Direct would take 3 days to clear and uncleared check deposits would remain restricted until they clear. Stocks under $3 dollars fall under this category. All other types of deposits have 0 business days restriction if the deposit is less than 3X the available equity. If it is greater than 3X the available equity only wire transfer and cashier's checks are restricted 0 days. Except for possibly Wire Transfers, I do not believe there are any fees for deposits or withdrawals.
I am unsure about E*TRADE. However, My brother has an account with them and when I suggested that he buy some SANP during the trips, he informed me that E*TRADE would not allow him to just trade penny stocks without contacting a broker representative. Others on here say that E*TRADE would not give you a problem with penny stocks, so I'm not sure why his account was restricted unless there might be an equity margin minimum or something.
No worries. I've been sitting on 715K since August when they were still .0002 and I haven't had the cash flow to grow it any further. I figure even that much is going to be a life changer for me. I'm not expecting to be a multi-millionaire or even a millionaire, but I plan to hold long enough to turn into something I can live on while I use some to find other moves to grow my portfolio further. I just accepted the fact that I will have top work with what I was able to get. GLTY