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That could have been the meaning of the 911 message - if trading 911 shares at $0.00055 for a total "investment" of $0.51 was intended to be a "smoke signal" message. I never said I knew what the message meant... just that it looked like a message to me..
Funny thing.. when I bought my house, it came with "Abandon hope, all who enter here" written inside the front door jamb, and a giant squid drawn on a chalkboard painted wall inside the house. Five years later, both are still there - the squid survived the total replacement of the whole first floor deck structure (which included removal of most interior walls, temporary support, and replacement of floor joists, subfloor and main floor decking, and tile work). Anyway, thanks for the chuckle....
You have a point. The MM's might each be as big as say, Rite-Aid, CVS and Walgreens. Certainly, any of them can afford a telephone and/or email account they could use to call their competitors to say "hey guys, what are your thoughts on how much we should charge for these medicines?" And of course, there are no "antitrust" or "price-fixing" regulations in place to stop a multi-million dollar business from colluding with its competitors to maximize their profits from customers. So the MM's should have no hesitation whatsoever from using mainstream communication channels to plan wholesale market manipulations, they don't need "smoke signals".
I'm sure you're right, Doc... This is probably just some individual investor (paying $5.50 to get $0.50 worth of SANP shares) playing a joke on the rest of us.
But.. not just "anyone" can bid or ask $0.00055. And, most anyone would have to pay at least a $5.00 broker fee/commission to post that fifty cent trade. Why would anybody "adjust their position in SANP" by fifty cents? That was a message. I don't know what it meant, but it meant something...
Wow.. remember last week, when 350 million shares went unsold at 0003, and 600 million bids (Asama?) would not budge off 0002?
Glad I held...
Still holding for 003...
GLTA
My plan today: list 1mm to sell at $0.003, decide the other 1mm later. If I see $0.003 this week, I'll be doubling my investment in the whole pile, and I can let the other million shares ride this out.
PO8 is FranjoseIglesias. SANP is FranjoseIglesias. PO8 is bad for SANP if it distracts our CEO from his responsibilities as CEO of SANP. Beyond that, I'll knock ANY treasure hunting scheme as a ridiculously bad investment choice. If FirstEnergy announced that it is going to start powering its generators by burning bricks of dollar bills in its furnaces, I would sooner invest in that idea than in Frankie's treasure hunt.
Crypto is destined to be the "agricultural revolution" of finance. But SANP, BCS, PO8, Frankie CHURCH... is to the crypto revolution, as DUTCH TULIPS were to the agricultural revolution.
If you actually think about his Next Big Thing (I'm guessing it's some kind of cryptocoin which would allegedly represent "ownership" of some share of some sunken treasure artifact (not that he'll ever FIND one).. but the artifact itself would remain in the possession of the Bahamas government. What a buyer would be buying is the ability to PAY MONEY TO TRAVEL TO THE BAHAMAS, visit a museum there, point to an artifact in a case, and say "yup, I own a share of that one".
The money spent buying PO8 coins from Frankie would fund his "treasure hunting" - which I predict will consist entirely of sitting in beach chairs on Bahama beaches, tropical drink in hand, occasionally glancing at the surf line just in case something shiny washes up.
As an "investment", shares of treasure search companies are NOTORIOUSLY BAD PERFORMERS. There have been a small handful of exceptions, against thousands which have been money furnaces steaming toward bankruptcy. Tying it to a cryptocoin does not change the basic dynamic where the costs are so high, and the oceans so big that the odds of finding anything are so low, and the historical preservation rules (read: "Bahamas taxes") are so restrictive, that almost NOBODY makes a profit doing this. Ironically... Frankie will. Not from finding ANY treasure, but from the SUCKERS who buy his PO$ coin and fund his beach vacation lifestyle.
(sidebar: Off Kelley's Island in Lake Erie, wreck hunters have just announced that they found an early, small, lake schooner which sank carrying a load of LIMESTONE. They're self-funded, and searching for interesting dive sites - not treasure - and it's a good thing, because LIMESTONE is worth maybe $100/ton on a truck delivered to your site. The ship's cargo isn't worth recovering... even if they could (which they can't, under the "Abandoned Shipwreck Act"))
"Going no bid soon" I doubt it - I'm betting (and anyone with L2 can check and correct my guess) that we have probably 1.2 billion bids waiting at 0001, after we work thru the half billion (more or less) 0002 bids still waiting (hoping) to fill.
I'm not filling any of those - I've already lost 80% of my stake in this, losing the last 20% won't kill me (my HD and FE still look strong). So, anyone holding out for ME to sell to 0002 (or even 0012) will wait until hell freezes over.
Spike - it wasn't your exact quote. You said "Apparently they have moved on to bigger and better things ..... ", I paraphrased that to "Moving on to the next scam", because I thought that captured the spirit of your whole post (in less than 8 words). And I wasn't criticizing you at all - I'm totally in the "Frankie & Co. are scammers and almost (if not actually) criminals" camp.
I was just offering a counterpoint to your post, to suggest that if the scam artists have "moved on" - if the worst people in SANP are stepping away - that might be a GOOD THING for the company and shareholders. I think all this Bahamas activity certainly makes it seem (SEEM) more likely that the Canoe takeover is coming sooner or later.
If this was a "real" company instead of a micropenny pinkie, the evidence of executive absence would inspire some lawyer shareholder to file - NOT an SEC complaint - a motion in a court for the company to go into receivership, with the court appointed receiver supervising a shareholder meeting where shareholders could elect a new Board to hire a new CEO, and instruct the new Board to attempt to complete the Canoe RM and/or seek another RM partner. In that scenario, at the very least, Frankie would have to show up (or complete proxy forms) disclosing and voting any shares he personally holds in the company. We would then know whether he is accumulating for another pump, or if he's out of it completely. That information (names, addresses, number of shares held) for all shareholders might even be available from the transfer agent, possibly in response to a subpoena.
I HATE complaints to SEC - they start by halting trading (screw us), then if they find fault, they fine the company (screw us) and transfer the fine money to shareholders who already bailed at higher than current prices (but mostly to the lawyers). FAR BETTER would be for shareholders to seize control of the company, so we can slam the door on Frankie while he's outside playing in the Bahamas, and we can then try to salvage some value here.
Frankie: "Hey Matt, check that shiny thing in the surf there. Damn, this margarita is good!"
Matt: "ok. It's just a piece of beach glass. Take my picture though, so we can prove that we did some "treasure hunting" today! And, expense me one of those margaritas!"
I think the difference is that he hasn't announced any of his Bahamas activity in a SANP context. And it seems that he is hiding all that from us - when someone posts his pic in conjunction with PO8coin or Blockchain Solutions Bahamas, when that news finds its way here, the response is to delete photos, hide accounts, make it disappear. He doesn't want SANP shareholders to know what he's doing.
It could be that he doesn't want SANP shareholders to know what he's doing YET... that it is all setup for SANP's next pivot, and all the subterfuge is just about managing the timing of the news because he hasn't accumulated enough 0002 shares to justify starting a SANP pump cycle. But, even if it is that... if he can pivot SANP into a "marine archaeology" scam... I don't mind that, because if that finds him some new buyers to take these shares above 0015, I'll be in the green and out the door.
"Frankie moving on to next scam" is actually an ESSENTIAL PART of a process of handing SANP over to Ang&Co. Did you want Frankie to stay involved with this company? I don't - I'm happy to see him preparing for his next phase, it actually supports the idea that he will eventually turn loose of this and let the Chinese run it.
I've said for a while that Frankie announcing his departure (and takeover by Ang/Canoe, and company name change) is the best news we could hope for... Hints of his destination are very close to that. I'm holding... I might put a few hundred at the back of the 600 million 0002 bid line and see if I get filled.
MORE COMPANY OFFICERS:
Frankie would have listed these names, but they've already been used...
Can we JUMP START the pump? My theory is that Frankie has something up his sleeve, and he's waiting for a 0002 close so he can snap up a bunch of 0002 shares and THEN start his pump.
I think an 0002 close is a GOOD thing - if you want to start running down the street, you take a step BACK to push off. I think 0002 is that step back.
So... How do we see an 0002 close, how do we make it happen sooner? First.. anyone here with an 0003 bid, should lower that bid to 0002 (chip away at the 0003 bid wall). Second, anyone with some of those 300 million shares on the 0004 ask wall, should take them all off that price. Put 80% in at 0006 ask, and 20% in at 0002 limit ask.
We who hold shares, set the sell price (buyers can't buy at any price unless we agree to sell at that price). We shouldn't sell ALL our shares at 0002 (or even 0016).. but letting a few shares go at 0002 might prime Frankie's pump. THAT could be good for everybody!
We won't see 0002 today. There are 385M unfilled bids at 0003, and only 215M shares that people are willing to sell at 0004. If ALL those sellers agreed to drop to 0003, and Frankie decided to dump another half billion new issue shares, then the remaining 150M bids would get filled at 0003, and we'd see some 0002 bids getting filled.
Last December, this hovered at 0003 for a couple weeks, then one day it closed at 0002. By 10am the next morning, it was at 0004 and soaring up to (over a few days) near 0028. Hoping for a repeat.
I'm not sure about insider disclusure rules in pinkland... But that is so easy to get around - he can just have a spouse, girlfriend, sibling, parent hold the personal shares.. or he can own an undisclosed private company which holds the shares for him. HYPOTHETICALLY. "Frank's Pocket, Inc", 100 shares, all owned by Frank, incorporated in the Caymans, could be sitting on a billion of these SANP shares - and we wouldn't have any way to know. I HOPE THIS IS THE CASE, because "profiting on those shares in another pump cycle" is the only motivation I see for Frankie to do anything that would start a pump and raise the value of my 2 million shares.
But I have no illusions here - my stake in my shares is (to me) the equivalent of $2200 on a craps table, $700 on the pass line, 1500 as odds bet, waiting for the shooter to make a point of 4. (In that scenario, 66% chance I get zero, 33% chance I get back $700+$700+$1500+3000=$5900). Losing the $2200 won't kill me. Winning the $5900 would be nice, but not life-changing..) The funny thing to me is, if I walk in to any casino, I can watch $2200 changing hands, flowing back and forth, every 90 seconds. This wager has taken 90 days to play out - it's like watching a craps game in super slow-mo....
(forgive if I repeat..) Big Question here is... Assuming "our boy" Frankie did secure funding in the Bahamas, was it secured in the name of Santo co.... Or for his new scam Bahamas Crypto Solutions? Because I don't think we SANP shareholders have any claim for anything BCS might do (or pretend to do) offshore.
Finding the bottom: Frankie has about 1.25Bn shares he can print and dump. He would like his company to dump them at 0002 or 0001, so he can buy them personally at that price (this is actually a lot like money laundering..) - But he's frustrated, because a lot of us have bids in at 0003, and none of us (12 million shares so far today) are willing to sell below 0004.
If he dumps that block today, a quarter of it goes to bidders at 0003, instead of himself at 0002 and below. If we cancel our 0003 bids, he'll see his 0002 bids come on line, and he'll be free to dump to fill them - his dump will set the bottom. Once he is happy that he has filled himself up with enough dumped company shares, he'll then make the announcement that starts the pump.
With Frankie's photo "officers of Bahamas Crypto Solutions", I searched for that and found http://cryptosolutionsbahamas.com - no evidence to say one way or the other whether CSB is the same company as Frankie's new BCS - the website is still just a template full of generic and bad info.
But I bet Frankie's new company goes public with an announcement that they've just bought 100 crypto miners (not disclosing that his BCS bought his Santo's alleged hardware, leaving us with none...)
ALL that Frankie/Santo offers Canoe/Ang is an already established empty shell public
traded company which they can quickly take over and obtain instant access to the OTC market.
This could be attractive to Ang, if he subscribes to the Communist / Chinese philosophy which appears as a mural on Bitmain's wall: "If it's not accessible to the poor, it's not revolutionary". Compared to, say, Bain Capital or the like, we're all "poor". This is why Bitmain makes mining hardware that costs $4000 and brings in $300/month/unit, instead of hundred million dollar systems that only corporations can buy. If Ang subscribes to that philosophy, then moving his operation to the US and enabling people to buy shares of the operation is a way to fulfil that philosophy. Santo is a viable path to that (presumed) goal.
Frankie appears to be motivated purely by greed. The best thing in the world for Frankie, would be to have ammassed half a billion of these cheapies, the to hand Santo over to Canoe. His wealth will skyrocket to unimaginable levels when he steps aside - his continued involvement hurts himself more than anybody else.
You totally misunderstand the "crypto" in "cryptocurrency". Have you actually looked at any part of the Bitcoin blockchain ledger? I have, and you can too - it's totally visible to everyone. (That's part of how it works..)
Wanna know what I did NOT see, anywhere in the ledger? Names. There are no names. Nobody knows WHO holds these credits. Government can't track you there. The way it works is that the credits are held by a number. That number is like a "lock". It's owner holds another number, which is like a private, secret key. To claim/spend your credits, your key is used to create a third number, which proves that you hold the secret key which opens your lock. Yes, anyone could generate random keys and try them out on your lock to take your credits, but the number of keys they would have to try is something like... if every grain of sand on Earth, was itself a whole Earth, and every grain of sand on all those Earths had a unique key number printed on it, then your number would be on one of those grains of sand. The chance of anyone trying key numbers at random and hitting on yours, to steal your money, is vanishingly small.
If you keep your key secure, nobody will ever take your credits. The only way Bitcoin is ever stolen, is when people don't hold their own keys, but instead sign up with trading sites which do the key/transaction management for them, but fail to properly secure their servers, allowing hackers to get in and access their lists of user's keys.
Bottom line - used properly, crypto is infinitely more secure than cash, and totally outside gummint control. It is the "industrial revolution" of money. Your cash is an Amish buggy, Bitcoin is a jet engine.
Keep riding your clippety clop buggy if you want.. but the world economy will be zooming overhead, out of reach.
That is ancient history. We had a spike to $0.0028 or so on that news, back in October. Another spike to around $0.0026 came in December on news that the first dozen machines had arrived. Since then, Santo has been silent, and we've been searching for any evidence that any of those machines are actually running.
Scams don't have to be no-bid... BTSC is clearly a scam: "bitcoin" in the name, but ZERO mining capacity, no employees in their "blockchain consulting business", no revenues, executives with long histories of scamming and pretending to be "getting into" the buzzword-of-the-day business... Yet BTSC briefly flirted with the $0.60s on NOTHING. Now it's still overvalued (IMHO) at $0.055. And people still bid and buy it at a nickel, in the hope of another insane run on nothing but hype. And they might actually get out ahead, if/when the company "pivots" from blockchain consulting to the Next Big Thing (maybe lithium mining, or commercial delivery drones, or autonomous car technologies, or God knows what...) because "pivot news" often starts a whole new pump/dump cycle. (Just look at Frankie's pivot history... Selling wine (in Asia, where we gotta take his word for it), Cigars (in Asia..), gold mining, pot growpods, now Bitcoin and merger(?)...)
@skinnyman1967 - I got your DM, but can't reply by DM - but I don't mind answering here.
I truly believe that CEO Frankie is a scam artist, and he's diluting SANP stock and letting the company dump at cheap prices, so he can pay his salary with the dump revenue, then use his salary to buy up the cheapies he just dumped.
I BELIEVE FRANKIE IS BUYING THESE CHEAPIES FOR HIMSELF, BECAUSE HE IS PLANNING ONE LAST PUMP before transferring the company to Canoe. That transfer (news that it's done) might be that last pump.
I believe that last pump will be good enough to give you a 2.5x gain, and about a 3x gain for me.
After that, it's anyone's guess what happens to the stock. I'll have my money back out of it, and about 200k freebie shares to sit on and see what happens. If Canoe takes the reins, we'll probably see an initial RS (which usually causes a short term price drop) followed by actual business operations and profits. If Canoe doesn't take the reins, this will blink out of existence.
Honestly, if Frankie simply announced his retirement from the company, it would probably soar - but he is obviously squeezing the company for every dollar he can get. If he did announce his departure (with a Canoe takeover or without, just a new name (not Matt Arnett) as CEO), the price will soar, and Frankie will see his giant pile of 0003 shares skyrocket.
So, I'm not terribly confident about SANP long term (Canoe takeover is just a "maybe" to me) but I'm completely confident that we have one more pump coming, one more chance to get out ahead. Hang in there.
I believe "low volume" means the accumulators are there, but only willing to bid 0003. There are almost 500 million bids at 0003, but the number of people willing to SELL at that price is dwindling - we don't have enough despair yet, and the pumpernews generators are waiting for despair to increase so the last of their 0003 bids get filled.
The big volume spikes we saw a few days ago, was SANP company dumping - Frankie (as CEO) isn't setting the company's sell price based on despair, he is letting the company dump at 0003 so his personal orders get filled at that price. You can BET he's been watching L2 data, waiting for his orders to move to front of line, and timing his dumps to fill his own orders.
The greed here is staggering - Frankie doesn't just want to make "more" money.. he wants to make ALL the money!
Bottom line - accumulation isn't done, there's $150,000 of accumulation money sitting on the bid line, waiting for sellers. Volume is set by the number of SELLERS willing to take a loss and sell.
Remember, those 100 million bids at 0003 were at the front of a line that was 600-some million long. Those orders placed WEEKS ago, just FILLED today by someone BAILING OUT of this by selling at 0003. Who was the buyer? I dunno... but I'm thinking that a good share of those 0003 bids are Frankie or Li Ang & Co., and I'm HOPING that the pumpnews delay has been because they are waiting for their last underbids to fill.
Every million cheapies they can buy gives them $100 for every $.0001 uptick they can pump... a 100 million block gains $10k per uptick. Of course they want as many cheapies as they can get, and they know the longer they wait, the deeper our despair goes, and the more of us will just take the loss and bail. NOT ME - I'm holding no matter what - if their goal is to hold ALL the shares before they pump, then they'll never pump, because mine are not for sale below $0.003.
"writing on wall" look at the company's website, click the address in iHubs' intro above. The address expired on 2/1 and hasn't been renewed... No writing on THAT wall anymore...
Your premise is precisely the reason I'm still holding long... I believe Frankie is printing and dumping new shares, to keep the price down, so he can buy cheap shares for himself. Assuming that Frankie has many thousands of dollars tied up in tens of millions of SANP shares, he potentially has the most to lose if he fails to start another pump and the ticker never rises.
I'm opposed to P&D scams.. but finding myself invested in one, I have no reservations against holding long enough to ride Frankie's next pump, and stepping out in the green.
As for the timing... looking back on the October run, and the December run, the two profiles look almost identical, and we're almost exactly as long after the December run, as December's was after the October run. So, I think the next run will start any day now...
CarloRoberts on 12/11/17: "BTSC should drop below $0.14.. next stop between 09 and 05" - just gotta tip my hat to Carlo here...
I agree, one more big spike is coming... To me, it's only a "pump" if it's followed by a "dump" (i.e. the guy putting out the "super good (fake) news" is holding a pile of cheapies which he plans to sell in bulk as soon as he sees 7x pps gains). If the news is an actual transfer to Canoe control, and the replacement of Frankie as CEO, and an actual, credible, large-scale mining operation... In that case, the news isn't a "pump", it's a "launch".
I'll be selling 90% of my pile when I feel the next spike is nearing a peak, then I'll "baghold" the remaining 10% just in case Canoe manages to turn this lead brick into gold.
Wow... At 0004, you get 2500 shares for a buck, 2.5 million for $1,000. So, today's volume so far represents about $6,500 total.
Assuming that Frankie did his dilution thing so the company could make a little money (with which to pay his "executive salary") by flooding the market with cheapies... Which he could snap up (himself) for almost nothing... So he could run a pump and profit bigly with his personal owned cheapies... At this point, WHAT THE HELL IS HE WAITING FOR? Interest in this ticker is fading fast, it seems like anyone willing to sell at a loss ALREADY HAS, and there's really nothing left to do but start the pump.
FRANKIE... START THE DAMN PUMP ALREADY!
And the same MMs who have 150MM at 0005 ask, also have 400MM bids in at 0003. They would LOVE to sell that many 0005s and buy the same number or more of 0003s, they get a 66% return on investment every time they can do it... just playing the spread...
One thing I think we need to remember, is that the last two SANP spikes coincided with the tail end of big BTC spikes. We are now looking at relatively affordable BTC. I think that a HUGE factor in the prior SANP runs was the availability of recently taken BTC gains - people who cashed out BTC looked for a place for their money to work until the BTC price dipped lower.
NOW, I think people with money to invest in crypto are putting it in discount coin, leaving them nothing to buy in here, which is part of why we seem stagnant. The malaise isn't just here - many of the crypto tickets I'm watching are unimpressive this month. We probably won't see another crypto stock run until BTC starts looking overpriced and people start cashing out of that and looking for a mining play.
@Pinball - I think what Moose means is "what does $$309.952$$ mean? What are you referring to, and how does whatever it is impact the price or value of SANP?" Just posting a number all by itself with zero context, really adds nothing to the discussion except confusion.
Nothing in Frankie's record suggests that he has any intention of ever running a working company. The only hope is that Frankie has decided to squeeze all the P&D cash he can out of this, and then hand the empty shell of Santo over to Canoe so THEY can change the name and start running it like a real business. Think of Frankie as someone who has chugged a can of "Santo Beer", and when the can is empty, he doesn't toss it in the trash, he takes it to "Canoe Recycling" and collects a nickel for it. "Canoe Recycling" takes the empty can and makes it into something else. Frankie's personal P&D gains are the "beer", each of our shares is an atom in the empty "can". My hope rests on my belief that once Frankie has emptied the can, he will have no reason to keep it, and might as well get his nickel from Canoe for it.
RMs do happen. Santo/CanoeUSA is a legitimate example of when/why they're done. (NOT saying this RM will happen, only that others like this have happened, and for good reasons).
The biggest problem we have is that - if the deal never goes through - a class action lawsuit against Santo (Not Frankie, he'll just disappear to some sunny beach), won't produce anything but the official bankruptcy and termination of Santo. NONE of us should want that.
I think the little money that Santo has raised thru dilution sales, has been (or will be.. or is SUPPOSED TO be..) paid to Canoe to "buy us in" to their established, profitable business.
Alongside that, I think Frankie has been managing Santo's news cycle (good and bad), to make HIMSELF big money in the market. I believe his latest tweet ("deal in peril") is designed to EITHER (a) confess that he's embezzled the money OUR company has raised from dilution sales, so that money won't go to Canoe and Canoe won't give us a stake in Canoe USA... OR (b) cause panic selling to lower the share price this week so Frankie can buy cheapies ahead of his next pump ("Deal is done, I've handed Santo over to Canoe, I'm out.. (but not really, not until I sell my 0002s at 50x profits..)")
A PUMP IS COMING. HOLD FOR IT.
If your hypothesis is correct (and I think it is..) that Frankie is a 100% pure scammer with no intention of completing the deal, here STRICTLY to run a P&D scam... Then the LAST THING he would EVER do is admits "deal is in peril" prematurely. This tweet is ALL about Frankie wanting to buy at 0002 or 0001, before the announcement that the deal has gone through and Canoe is steering the ship.
WHAT would imperil the deal? SANTO is a hollow shell, Canoe wasn't - couldn't have been - expecting any kind of "performance" from Santo, they had no money to promise to pay Canoe, they had no assets to "fail to deliver". SANTO is like a suit that Canoe could wear, the only issue from Canoe's viewpoint would be if they have decided to set up somewhere other than USA and have no more need of a Santo suit...
Right. The "story" is that Canoe (China) is fleeing China, has been for a few months because they saw the writing on the wall. So Santo is "buying" Canoe in a reverse merger, which will create a Canoe (USA) company with Canoe execs taking over Santo's board, and a big wad of preferred shares for Canoe (China) and/or it's owners. SANTO is ABSOLUTELY WORTHLESS without Canoe, and in reality, we (Santo shareholders) are here hoping the new Canoe USA generates a little value for us as it takes over.
China instructed existing crypto mining companies there to begin ramping down their operations toward an eventual stop. And it established policies of tightening/choking off electrical supply to limit mining energy use.
Previously, China banned crypto exchanges from running on its soil.
Neither of these is a ban on holding crypto, and I think both were, to some extent, tests by China to see how much they could affect/control the world market.
I believe a pump is coming. But first, I think Frankie (as Santo) wants to finish issuing and selling off the rest of the 9.5Bn shares he is authorized to issue... Which he hopes will drive down the price so Frankie (as an individual) can finish accumulating cheapies.
SANTO is in the "dump" phase..
FRANKIE is in the "accumulation" phase..
When Frankie holds enough cheapies, he (as Santo) will release news - start a pump - so Frankie (as himself) can dump at the top of the next spike. A PUMP IS COMING.. just be sure to take profits when you can, because it will only be a spike, it will fall again quickly.