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It's a great press release.
Very interesting read here.
https://www.nasdaq.com/article/better-buy-aphria-inc-vs-aurora-cannabis-inc-cm1019907
The market for electronic vehicles is growing. Their focus on the mining industry is creating a real niche for them. Ramy Kamaneh has a focus on the mining industry considering the fact he is a mining engineer.
Aphria management gets it. Every time I talk to a group of cannabis investors, everyone seems to wonder what cannabis companies will be the winners. This is one of them.
Thanks and good find.
Anaconda Mining Options New Gold Property and Reorganizes Exploration Projects to Unlock Value for Shareholders
https://www.anacondamining.com/2018-09-10-Anaconda-Mining-Options-New-Gold-Property-and-Reorganizes-Exploration-Projects-to-Unlock-Value-for-Shareholders#assets_43_302-3
This a great article. The Canadian cannabis industry is here to stay.
https://investingnews.com/innspired/canada-modern-cannabis-indoor-facilities-construction-demand/
Here is some information about the timetable so that investors can get a better idea of time frame.
Both Excelsior and the EPA must respond to the Appellants appeal points within a regulated timeframe by the EAB. The response time that the EPA has to respond was extended by 45 days. This was due to summer holidays that key staff were on. By nature, this extension also extended the time Excelsior has to respond. So, both the EPA and Excelsior must make responses and submit them to the EAB by October 12th, 2018. The Petitioner then has until November 5th to respond to Excelsior’s and the EPA responses and submit it to the EAB.
Response briefs in this matter must be filed no later than October 12, 2018. The reply brief, if any, must be filed no later than November 5, 2018.
The EAB then will then make a decision. They can make an order to deny review, or they can force a review on the EPA’s permit and have the EPA modify the permit. I am confident that the EAB will deny review.
To provide context, a much more contentious and difficult permit to approve was the Florence Copper Project. Despite this and very heavy and motivated opposition, the EAB ruled to deny review.
In the meantime, 1 event could occur which could stop the appeal well before the dates above.
The party that made the appeal (Appellant) can voluntarily withdraw their appeal. Note that we already had one appeal withdrawn a few weeks ago by Sharon Rock.
Perhaps but less likely:
Excelsior and the Appellant can come to an agreement in what is called the Alternative Dispute Resolution ADR process that exists. If an agreement is reached, the appeal would be dropped and it would go away. It seems that Excelsior has declined the ADR offer but in my opinion, they may just be playing hard ball and that process can be reopened.
Valens Groworks (VGW:TSX) is one of the cheaper Canadian cannabis stocks. They are focusing on extraction and production where is valued added with high margins. Brilliant young executive running the company with grow experience.
Anaconda Mining Issues Another Press Release
Anaconda Mining Registers the Goldboro Gold Project with Nova Scotia Department of Environment
TORONTO, Aug. 7, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that, on August 1, 2018, it registered its 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") in Nova Scotia, Canada, with the Nova Scotia Department of Environment, (the "Registration"). The Registration is a significant milestone in the continued development of the Goldboro Gold Project which is scheduled to start pre-production in 2020. The Registration document will be available for public viewing and comment for 30 days.
"The filing of the Registration document for the Goldboro Gold Project starts the clock on the permitting process and gets us one step closer to pre-production in 2020.We look forward to working with the Government of Nova Scotia, Mi'kmaq of Nova Scotia, Municipality of the District of Guysborough, and local communities on developing the next gold mine in the Province."
~ Dustin Angelo, President and CEO
A version of this news release will be available in French on Anaconda's website (www.anacondamining.com) in two to three business days.
ABOUT ANACONDA MINING INC.
Anaconda is a TSX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.
The Company also has a pipeline of organic growth opportunities, including the Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anaconda to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the annual information form for the fiscal year ended December 31, 2017, available on www.sedar.com. Although Anaconda has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anaconda does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE Anaconda Mining Inc.
Anaconda Mining Registers the Goldboro Gold Project with Nova Scotia Department of Environment
TORONTO, Aug. 7, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that, on August 1, 2018, it registered its 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") in Nova Scotia, Canada, with the Nova Scotia Department of Environment, (the "Registration"). The Registration is a significant milestone in the continued development of the Goldboro Gold Project which is scheduled to start pre-production in 2020. The Registration document will be available for public viewing and comment for 30 days.
"The filing of the Registration document for the Goldboro Gold Project starts the clock on the permitting process and gets us one step closer to pre-production in 2020.We look forward to working with the Government of Nova Scotia, Mi'kmaq of Nova Scotia, Municipality of the District of Guysborough, and local communities on developing the next gold mine in the Province."
~ Dustin Angelo, President and CEO
A version of this news release will be available in French on Anaconda's website (www.anacondamining.com) in two to three business days.
ABOUT ANACONDA MINING INC.
Anaconda is a TSX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.
The Company also has a pipeline of organic growth opportunities, including the Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anaconda to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the annual information form for the fiscal year ended December 31, 2017, available on www.sedar.com. Although Anaconda has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anaconda does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE Anaconda Mining Inc.
Excelsior Mining
Investors have to understand that the permitting issues spooked the market a bit. However, I think it's important to understand that there are no permit issues, only appeal issues. In my opinion, these issues should be resolved within the next 3-6 months. 3-6 month delay is not a valid reason for the stock to be down this much.
There is a good chance that after the appeal is over, there isn't much additional stock that will be issued.
There are many positives attached to Excelsior.
I have confidence in this management team.
Investors have to understand that the permitting issues spooked the market a bit. However, I think it's important to understand that there are no permit issues, only appeal issues. In my opinion, these issues should be resolved within 3-6 months. A 3-6 month delay is not a valid reason for the stock to be down this much.
There is a good chance that after the appeal is over, there isn't much additional stock that will be issued.
There are many positives attached to Excelsior.
Does anyone have proof that MYEC gets $1 dollar in revenues from any of this Africa nonsense. Its rather strange that no one can say with certainty anything about the' numbers but we seem to be sure that there are revenues. I'm not sure about that. As someone else has asked, does anyone know because smoke and mirrors and lies and sizzle and hope and prayers are not sales.
From what I understand but I don't have proof, the CEO has major issues and maybe going to jail.
Problem is they need money. That is the big negative.
It is and there are many potential acquisition targets with 43-101 deposits in Eastern Canada. Dustin and his team are doing a great job.
Once this appeal is done, blue skies ahead. This is a professionally run company with a first class project in the United States. What more can you ask for? $2.00 stock price. Maybe and stay tuned.
Thanks. We will watch this closely.
People are starting to discover Anaconda. I love their focus on Eastern Canada.
Growing cannabis without having processing capabilities misses half the profit pie. Valens has both which I love.
There a few Canadian cannabis companies that are priced fairly. There a few that are steals. This may be the latter.
I would agree with you on that. We will see and no one on the planet knows if additional appeals will be filed. However, I can only comment on the known and the current appeal will be thrown. OTCQX 50. Real potential here for a move!!
Ranked by OTC Markets OTCQX Best 50
Feasibility study complete
Extremely favorable operating costs
Plant in place
Operating permit granted
EPA permit granted (on appeal)
Infrastructure already in place
Excellent management team
Planned expansion to 125 million pounds per year.
Excellent Geology
Mining Friendly State.
Great discussion today.
I did some research on the individual who filed the appeal. First and let me point out, I am sure she is a fine person who cares deeply about social issues and the environment and therefore, her appeal will be given full notice by the EPA and the appeals board as it should. However, I was able to dig up a transcript from the public hearing in February and Ms. Rock did speak. This is either part or all of our comments:
MS. ROCK: My name is Sharon Rock. And I'm not technically --I'm not a technical person. I'm not a scientist, but I do know that as long as we're driven by money that we will continue to make gross mistakes, and this, from everything that I can read and gather, would be one of those. We seem to be unable to tap into our common sense when money is involved, and that's one point. The other is I am from Bisbee. And yes, our water is good and clear and drinkable, but we also have a toxic plume that moves closer and closer to our wells every year. And that is from the mining industry, and they thought they were doing the right thing at that time. It all looked good. So who's to say that that's not going to be the case with this? Thank you.
With all due respect, the appeal will be denied.
I think the Canadian market will get interesting. What is profoundly interesting is the amount of money that has flowed into the Canadian cannabis companies. These companies are being funded institutionally.
Real management team being put together here. That is half the battle. The corporate structure is in place to build a real company with a lasting culture and legacy as opposed to just selling some product.
David Boies is the real deal. I am a bit surprised he's running with Bill because Bill is not a billionaire. Boies' circle are all billionaires. I love the way this will play out.
I would suggest you do your research. First of all, it's a U.S court.
If you sell me 10,000 shares of a $1 stock for $10,000 and then after contracts are signed, you reneg and the shares go to $100, my damages are $1,000,000, not $10,000. Same concept here. If Rontain is now worth $1 billion, losses could be a billion.
As far as David Boies goes, every one of his fees are millions. If you call him and your small fish, he's not taking your case. I would bet $250,000 for retainer. So pleeeeeeeeeeeze, David Boies did not take this case because of a retainer.
I am watching Valens Groworks (stock symbol:VGW) very closely. Canadian-based with a real management team trading at less than 5% of the large Canadian cannabis plays. Easier to buy up in Canada under the symbol of VGW. These stocks should move well as we head toward Canadian legalization.
Greenhouse plans announced.
https://www.newswire.ca/news-releases/valens-groworks-finalizes-greenhouse-expansion-plans-686012951.html
I am interested in seeing how this compares to each and every Canadian cannabis play. My guess is that it is one of the cheapest. I see you also follow Aphria. This is less than 5 percent the valuation of the big companies. I looked at the website and it looks like a real management team and not just a promotion. I'll take a shot. Could do real well if they execute on the greenhouse plans.
This may be the next Canadian hemp/cannabis play to make a big move.
Naturally Splendid Submits Dealer License Application
VANCOUVER, British Columbia, July 05, 2018 (GLOBE NEWSWIRE) -- Naturally Splendid Enterprises Ltd. ("Naturally Splendid", “NSE” or “the Company”) (FRANKFURT:50N) (TSX-V:NSP) (OTC:NSPDF) is pleased to announce that it has completed and submitted their Dealer License Application to Health Canada for processing. The Dealer License Application is a comprehensive document that includes critical areas such as; Facility Layout and Construction Details; Standard Operating Procedures; Quality Person in Charge Selection; Criminal Record Checks; Safety Protocols; and Security Plans.
As announced in a previous news release dated February 6, 2018, the Company engaged Cannabis Compliance Inc. to prepare the Dealer License Application in order for the Company to become a Licensed Dealer of cannabis extracts under the Canadian regulatory regime. Cannabis Compliance Inc. has a 100% success record in securing Dealer License’s for their clients.
Becoming a Licensed Dealer allows the Company to pursue a number of R&D activities related to cannabis, including but not limited to the extraction, formulation and distribution of cannabinoids such as CBD (cannabidiol) and/or THC (Tetrahydrocannabinol), amongst other activities. Regulatory compliant activities include:
1) Manufacturing
2) Packaging
3) Preparation of R&D Formulations for future manufacturing
4) Resale and distribution to other licensees
5) Importing and exporting for global sales
6) Laboratory testing
7) Contract NSE services for any of the above activities
The Company has secured an additional 4,000 square feet of manufacturing space adjacent to their existing processing facility, specifically for the extraction facility as outlined in the Dealer License Application. An extensive review of extraction technologies has been completed and construction of the facility has begun.
Cannabis Compliance representative and CFO Mr. Sid Hathiraman states, “From the R&D and manufacturing perspective, Licensed Dealers are permitted to prepare formulation from cannabis whether that be from hemp or marijuana. On the other hand, Licensed Producers (“LPs”), who are the growers of medical marijuana, are limited to formulations with only carrier oils. LPs cannot add additives, e.g. flavour, stabilizer or any other ingredient that would be required to manufacture or alter the cannabis product in the form of an edible, Natural Health Products (NHPs), nutraceutical or pharmaceutical products. This is the role of the Licensed Dealer, thus creating business opportunities not available to LPs”.
According to the Prime Minister’s office, new regulations regarding hemp and marijuana in Canada, will come into effect October 2018. The new Cannabis Regulations will include provisions for Licensed Dealers to transition into the new regulatory framework as Licensed Processors. Additionally, the revised hemp regulations will allow for the extraction of CBD from hemp. Currently CBD is only allowed to be extracted from marijuana which legally limits the uses of CBD currently.
In regards to CBD extraction from hemp, the Company announced in a news release dated June 28, 2018 that it has contracted with a long established organic hemp farmer, Fresh Air Farms, located in Saskatchewan, Canada, for 330 acres of organic agricultural land to provide organic hemp production for the 2018 and 2019 growing seasons. Naturally Splendid has the right to purchase up to 100% of the organic hemp production from the 330 acres. Although, the Company initially secured the acreage for organic hemp seed production, the Company has the option to convert some or all the acreage to CBD (cannabidiol) production.
Naturally Splendid intends to expand this model of identifying organic acreage for hemp seed and/or CBD cultivation to secure additional acreage in the future. Additionally, the Company anticipates designating a portion of organic cultivation for research and development of high yielding CBD (cannabidiol) hemp.
Naturally Splendid CEO Mr. Douglas Mason states, “Securing organic acreage, obtaining our Dealer’s License and the imminent positive changes to hemp and marijuana regulations in Canada as well as a more global acceptance of cannabis allows Naturally Splendid to continue to evolve our business, and to execute our strategic plan. This allows the Company to position itself as growing global trends towards CBD have become more acceptable. Naturally Splendid intends to be at the forefront of that opportunity utilizing our IP; formulating and processing expertise; and distribution through our existing and developing distribution channels globally in jurisdictions that allow for CBD and CBD fortified products.”
Naturally Splendid Executive Vice President of Sales Mr. Alan Maddox states, “Production of our own cannabinoids such as CBD and THC is a strategic component to our vertically integrated business plan. Our recent acquisition of hemp processor ACI Foods, strengthens our efficiencies in product supply of organic hemp seed, hemp hearts, hemp oil and hemp protein into existing Company retail brands NATERA® and Chii™ while increasing our margins considerably. This acquisition allows us to go from farm to plate, a marketing and sales dream for food products. As importantly, the ability to introduce new CBD fortified products currently under development by our experienced team of formulators into multiple product categories provides competitive advantages for our retail lines. In addition, CBD fortified products under development include food and supplements, beverages, skincare & cosmetics and pet care and pet nutrition, which we plan to market through established distribution channels.”
About Cannabis Compliance Inc.
For over a decade, Cannabis Compliance Inc. (“CCI”) has offered risk mitigation, due diligence and regulatory compliance for commercial cannabis producers and resellers around the world. Their focus is in the Global market, and they provide their clients with trusted and comprehensive solutions. CCI has extensive expertise in regulatory compliance, cultivation/horticulture, security designs/tender, facility designs/build-outs, quality assurance programs, Import & Export, staff recruitment and financial planning. They have provided services to several Licensed Producers as well as ‘industry companies’, resulting in the successful granting of licenses.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a biotechnology and consumer products company that is developing, and we are producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp and non-psychoactive cannabinoid compounds in a broad spectrum of applications.
Naturally Splendid currently has four innovative divisions:
(1) BIOTECHNOLOGY – Focused on three major platforms:
Proprietary HempOmega™ encapsulation
Extraction and formulation with Cannabidiol (CBD)
Hemp and plant-based proteins.
(2) CONSUMER PRODUCTS -
NATERA® - brand of retail hemp and superfood products distributed throughout North America, Asia and Europe.
Prosnack Natural Foods Inc. (Elevate Me™) - lifestyle brand of healthy meal replacement products distributed throughout North America.
Chi Hemp Industries Incorporated (CHII) - e-commerce platform for natural and organic hemp products.
PawsitiveFX® - topical pet care products.
NATERA®CBD - retail hemp-based cannabinoid nutraceutical and cosmeceutical products distributed in Asia.
NATERA®Skincare - brand of retail hemp based cosmeceutical products.
(3) NATERA® Ingredients - bulk ingredients including HempOmega™.
ACI Foods is a science-based, industrial hemp seed processing business located in Abbotsford, BC. Listed as the only strictly organic hemp seed processor in North America
Co-Packaging/Toll-Processing and Manufacturing - packaging for house-brands (NATERA®, CHII™ and Elevate Me™) and third-party partners.
For more information e-mail info@naturallysplendid.com or call Investor Relations at 604-673-9573
On Behalf of the Board of Directors
Mr. Douglas Mason
CEO, Director
Contact Information
Naturally Splendid Enterprises Ltd.
(NSP – TSX Venture; NSPDF – OTCQB; 50N Frankfurt)
#108-19100 Airport Way
Pitt Meadows, BC, V3Y 0E2
Office: (604) 465-0548
Fax: (604) 465-1128
E-mail: info@naturallysplendid.com
?Website: www.naturallysplendid.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control including, Naturally Splendid's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at existing rates or increase; customers will complete on sales contracts; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Bearing Lithium Corp. - Cheapest Chile Lithium Play?
Bearing Lithium Corp. increases ownership in Chile-based Maricunga Project which is one of the more advanced-stage pre-production lithium brine projects globally.
https://www.otcmarkets.com/stock/BRGRF/news/Bearing-Announces-Increased-Ownership-in-Maricunga-JV?id=196349
If you're a long-term investor searching for an opportunity to own a piece of the electronic vehicle market, then buying lithium stocks in 2018 may be the best way to invest in the EV market. Growth in demand for lithium metal is expected to accelerate due to the widespread adoption of lithium batteries in emerging technologies. Lithium batteries have become a preferred power source for devices such as cell phones because they are more efficient and scalable than previous-generation nickel metal hydrade batteries. Lithium batteries are also in high demand in support of automobile and electronics manufacturing. The intersection of Chile, Bolivia and Argentina make up the region known as the Lithium Triangle. The Lithium Triangle is believed to contain over 75% of existing known lithium reserves.
While batteries have been getting most of the attention in the lithium space lately — and while demand for lithium from the battery sector is certainly on the rise — lithium has many more uses. In 2013, rechargeable batteries made up 29 percent of lithium demand. In 2017, that proportion increased to 46 percent, as per the U.S. Geological Survey, but sizeable portions of the market were still accounted for by ceramics and glass (27 percent), lubricating greases (7 percent) and other industrial uses.
Lithium is also used in pharmaceuticals, lubricants and heat-resistant glass.
Here is a great article:
https://seekingalpha.com/article/4138171-lithium-investing-2018-key-trends-lithium-mining-markets
This is dirt cheap compared to most of the Canadian cannabis plays. I will buy it on the TSX Venture. Thanks. Good call.
I am cracking up. Whoever thinks BSF's bill is going to be 1,200,000 hasn't obviously read the docs. They are suing people in Brazil through the Hague Convention. The money spent up to service may be 200,000 - 400,000. $1,200,000 will be used up before we even get to trial and maybe half way through discovery. I have to laugh when someone says BSF took the case for $1,200,000.
Sorry but I agree with Singh. BSF sneezes at 1,200,000. There is big money lurking around here. That is why BSF is here. $1,200,000 is a joke to BSF.
I agree. I've know this company since the 90's with Goldberg running it. Legit but what they have been trying to get done is a huge scientific challenge.
Here is why I feel the way I do.
The SEC is telling the judge that GDSI can re-register.
Let's just say that GDSI becomes compliant once again. For example. 2016 and 2017.
Re-registering would essentially tell GDSI to refile what they already have filed as part of the get current process.
The judge will see right through that. It's a BS argument.
I don't mean your argument is BS. The SEC telling the judge that GDSI can re-register. They would essentially be refiling financials that they already filed if they get current of course
I disagree. I don't believe we will see a suspension. Read the Gateway case and do your homework.
You'll be surprised what you find out!!
I don't believe the SEC will suspend this company.
GDSI gets about 30-40% of the winnings from the lawsuit after the investor is paid back what they have paid BSF and what they have given GDSI. I believe they get a 2x return on the GDSI money. The contract is confusing because at one point it says the investor gets around 17-19% and then says 25-27%. However, subtract what BSF gets and that leaves 30-40%. And as the song says, That's good enough for me. A lot of dough, pizza dough. Keep it up Bill.
Kane:
I think that June 22 date in your post is key. In 2016 and 2017, MyECheck had little going on. Those financials should be done quickly. If the SEC files an opposition as your post says they can and GDSI files a reply on June 22 that says something like we have completed our financials except for our 10Q in 2018, wouldn't you agree that no judge will revoke registration. I would bet they don't.
Thoughts?
It's like a treasure chest. They look like an old decrepit box at the bottom of the ocean not worth 5 cents but it is suggested to open the cover and count the loot.
Boies Schiller and Flexner LLP did not think this was a shell. Take it back, they might have thought it was a shell but the shell had something in its back pocket.
It might me a 100 million dollar lawsuit against some rich businessmen who breached a contract. I read the federal lawsuit and it it so simple, it's brilliant. Very easy for the judge and a jury to understand.