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I always find it strange to hear people say that they are very positive and buying on dips. Isn't .03 low enough for somebody that has confidence in this company? Only buying if it dips doesn't sound that positive to me.
I believe it too and I have confidence in Scott.
This is going to be more of a dividend than a R/S... but nice try.
I think that the PPS can only fall 100%.
Alan...thanks and I am definitely ready.
Elke...Nice to see you back here again. I understand what you are saying but the exit strategy is more complicated when you have less shares even if they are worth more (atleast in my little head). Another thing that is important for me is having long term capital gains instead of short term. With a spin-out will we have to wait another 12 months after receiving the new shares to qualify for long term capital gains?
I would prefer to own 10 shares of SRSR at $1 PPS than to own 2 shares at $5 PPS. By owning more shares I have more flexability in my exit strategy. I was hoping that I could sell shares on the way up,and still own atleast a million shares when it got over a $1.
My problem is that I knew my exit strategy (owning millions of shares) and now all that changes if I own a lot less shares.
The more you guys try to explain this,the more it's sounding worse to me. Atleast in a R/S of 1:35 the share price would have moved up from .03 to $1.05 if I am not mistaken. Now some are saying that my SRSR shares will have little value and I will have 1/35 of the number of shares and with a PPS of much less than $1.05. My reasons for holding millions of SRSR shares was that I could sell on the way up and still have plenty of shares left when it got to $$$$ land. I was hoping that they would move a small part of Nemegosenda into Niostar in a spin-out for the obvious JV advantages and also spin-out Shining Tree for the same JV advantages. I think that they should spin-out the Nemegosenda Property piece by piece unless they receive an unbelievable offer for the whole property.
Thanks akeygon.
I just googled "airfares" and clicked on to a couple of the links.
I checked American Airlines from NY-Beijing-NY and it costs $1,733 including taxes. And that is with 1 stop. You can find a non-stop flight for $1,851.
1st class is $12,838 (non-stop) and $4,731 (1 stop)
THANKS JP
no web,it doesn't work
Great post...thanks web
Exactly... the SP goes down when somebody unloads a certain amount of shares and it goes up when somebody tries to accumulate a certain number of shares. Until we get news then we will stay in this range.
Thanks web... I can't wait to see what you have to say after a good nights sleep.
Exactly... somebody has too much time on their hands.
It's called "having an opinion"... which you knew already.
I see the glass of Dmbao and its full of sh*t.
presidents day
That makes no sense... if we thought that, then we wouldnt be here.To compare now to 50 years ago is ridiculous. The longs here know what is in the ground and we have confidence that Scott will do whats best for us shareholders. If the extent of your DD is to look at the PPS then you are overlooking all the progress that has been made these past couple of years. And people have been talking about the lack of funds during that whole period.
Obviously FRMC is not for you... but thanks for stopping by.
I dont know what board you are reading,but I havent read too many positive posts here in a long time.In the past few months all the longs have stopped posting.
As usual,a great and informative post. Thanks
I agree. Unfortunately on the pink sheets the profits the MMs can make far out weigh any fines they risk having to pay.
MMs can walk it back down by selling to each other with more shares that they dont have.
Maybe Venus can win Wimbledon. If she can get herself in good enough shape to play Roland Garros then Wimbledon shouldnt be a problem as far as conditioning goes. Plus she will probably lose before Clijsters on the clay which will give her more time to prepare for the grass.
Great interesting post.
Thanks web.
lol,good one
If they put a deal together with 1 of their other companies then they will probably receive a per centage or fee from both companies.
I would say that sillyness is putting all the "LOLs" and "ZZZZZs" in all your worthless posts.
welcome aboard...lol
Why didn't you wait for it to fall to your famous .009 prediction? Plus there were only 68,200 shares traded yesterday... so how many of those did you get?
So you are telling us that there will be good buying opportunities these next 2 weeks.
I definitely dont know the future. I also do not believe in whining about my investments. Sometimes you win and sometimes you lose. Thats the way it is and you just have to accept it. It sounds like your DD is just internet based. Maybe you should try contacting the company directly with your questions. Nobody here can answer them. I initially invested in EEGC because of Bendal and the Tasmanian oil. But if he couldnt find enough money to start drilling even 1 well then I think there is a problem here. And then when I heard about the credit card deal then I decided to take my losses and go elsewhere. I am watching closely and if or when they get ready to drill I will get back in. If there is oil then maybe this can go to $20 and beyond so there will be plenty of time for me to get back on this train. I will be able to use EEGC as a tax loss so everything was not all bad. All my experience in pink sheet companies where they start changing directors and start going in different directions have been bad. We each have to make our own decisions based on past experiences. I have made mine. But I dont think whining is the right solution but to each his own.
common sense
Well then hopefully she will break into the top #10 too.