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Just wait until he starts posting all the pics of himself sticking magnets to rocks. That gets 'em every time!
At least SOMETHING is on schedule with this company!
Bob, wake us up when you actually sell something not made of paper.
Heh. I invested in CNR a couple of years ago, and feel lucky to have gotten out without losing anything. It's amazing to me how little the Manavi updates have changed in that time. Very detailed and well-written, lots of testing, no production. A perpetual tease. Still, there are some nice runs if you time your buy at the beginning of the build-up to a major testing result. Just don't be holding it when the results are announced! (8^>)
Thanks for the tip on WHX. I bought about $2k worth at $23 and I'll just sit on it and let the dividends roll in!
Bob had a REALLY good story going early on, didn't he? Ah well. I try to keep my fiction reading to the professional authors these days (although they make significantly less money than Bob does).
There's only one pink that I follow now, NNRI. I've made money on them before and I think I will again, but if you are interested, wait for the technical buy signal to appear before getting in. They do have income from their 50% ownership in ATOLL, but they keep it on the books as an equity investent - which I guess there is some financial sense in doing, but it will be undervalued as long as they do so. It would be better if they weren't seen as a holding company. Still, I believe they are undervalued even with that decision. They do quarterly reports in prep for moving to the OTCBB, but have the usual trials around translating the Russian GAAP standards. Their latest is delayed, but they've always followed through. The income from ATOLL should offset the need for excessive dilution in order to grow.
LBWR is a pretty safe investment. When I looked at them over a year ago, I set their fair value at 10 cents, which was 2 cents under what it was trading for at the time, so I didn't see much point in putting my money there. They would have needed exceptional growth to make it worthwhile, but I didn't really see it in their business plan. Their primary source of income was security dogs, and that's not really where I want to put my money. I see it went up to .20 recently and then has come back. I haven't looked at their numbers, so I don't know how they should be valued today.
I'll tell you one thing, though, I wish I'd put all that money into LBWR rather than CWRN!!
I'm curious Bullit,
How much money have you lost on this stock over the last 2 years? By your own admission, you owned about 500k shares in May of 2006, mostly purchased when this stock was in the teens and before any reverse splits. When did you sell, if you've sold?
I sold out long ago at a substantial loss, but check in with morbid fascination every now and again. Plus, I still have restricted shares from the dividend paid in summer of 2006, which seem to remain in my account as restricted indefinitely, a constant reminder of my folly (it was the stock dividend that got me to first put money into this when I did).
Which I guess makes me a loooooooooonnnnnnnggggg term holder of this stock. Even if I could sell the shares, they wouldn't come close to covering the broker fee!
Since I bought all of my shares at .02, I'll hold until then as well... ;)
I envy Mr. Guts.
That makes a little more sense. Still, it seems to be formulating some support now in the low 40's, high 30's. It might be close to buying time.
That's interesting. I did not realize the value of the old facility. I guess it would be hard to calculate NNRI's 50% stake should the location be sold or leased. You seem to suggest that NNRI's half would be at least $10 million if the real estate was sold, eh? Hopefully the Russian real estate market is doing better than the US's.
NNRI is the only pink I still watch, but I haven't bought back into it yet. Despite the coming revenue, I can't see how they can fully fund their acquisition plan without dilution. I DO think it will be a tremendous investment over time, but it's not looking like the right time to buy to me. I'm having trouble gauging at which point the stock will hit the "current revenue/controlled dilution/future potential" sweet spot for a purchase.
Eik, what made you decide to get in right now?
No, the story hasn't changed. It has developed. I like what I read. I talked to their auditors about a year ago and the auditors said they'd been working with NNRF for a few years at that point, even though the fact was not advertised. Their year-end report was quite thorough.
I've been lying low on the stock front after feeling the Aurus sting. Just bought a house, so not much available funds anyway. I do stop by here a couple times a week, though, and check in, as I always enjoy your research and thoughts.
The sad thing is, I was doing quite well on big board growth plays before I made $20,000 on NDOL and caught the fever. I was good at picking 2-3 month plays that netted me 10-30%. I need to get back to that mentality. Pinks are out of my blood now, although I must confess to keeping an eye on NRRI, my other pink success. They are positioned well, but still in the spend to grow phase and it doesn't seem the time to buy. I do think they'll get off the pinks in the next year and then I'll consider them more seriously.
ISBH is one to watch. Once their bottling facilities in the US are built, they will have an extremely cost efficient means for transporting their water. It's another slow developer, though, and competition is tight.
AUTO is a company I like. They spent a lot this past year to realign their business, and as a result their numbers are suffering, but before this last year their share price was supported and then some. I have confidence they'll come out stronger in the end and it will show in the price.
But, I need to get back in the swing of serious research. It just isn't as fun as it once was, but the effects of the pinks are starting to wear off.
I paid enough money for AURC. It better be DAMN entertaining!
There are a lot of ex-AURC investors watching. The mystery is just too good....
Bummer. Thanks for clarifying. Good luck y'all!
What's up with the dividend date?
I sold all of my shares in June or so, but I had 200,000 shares on February 15th. So I should get 20,000 shares, even though I don't currently own any, correct? I held all of my shares long before and for a while after that date.
A friend of mine who is a current share holder got a divvy for all shares he currently owns, which is more than what he had February 15th. We both use Schwab.
So, what does February 15th mean? Nothing? Am I getting dividends?
I feel smart for getting out at the high of the day. (8^>)
But, of course, not as smart as I would have felt if I had gotten out after the Krong spike in October. (8^<)
Funny thing, I really haven't checked these boards much over the last couple of months and I've never checked it in the evening. I'm just really tired of all BS. But for some reason I did check in last night and read Eudogg's posts.
The thing is, most of my justification for owning Aurus centered around statements given by RSM Top Audit. What Eudogg's research revealed to me was that RSM internal controls are not strong enough to prevent rogue associates from falsifying information. If RSM can no longer vouch for the statements of their employees, then there was no longer a reason to hold Aurus.
Your call to Kartix was more of a confirmation for a decision I'd already made. Still, I was nervous that your post might cause a larger gap down and prevent me from selling at .08. Fortunately, the information did not disseminate that quickly.
So, I'm not popular enough to get PM's about all of the goings on (the only PM I got today was someone telling me where I could reinvest my money...), but I gather somebody confirmed that Monimpex is stepping back in to take Martin's place? What are the chances now that the cash deal will turn into a stock deal? I dunno, I read somewhere that those kinds of things can happen... ;)
Eudogg, it doesn't matter if this goes back up. I've been wanting to reduce my exposure to the OTC market and this was the kick in the pants to get me to do it. Even if this shoots to .20 next week, I still made the right decision.
Thanks.
Not me. Not anymore. (8^>)
Well, I hate to say it, but I just sold my year + holdings of 205,700 shares and feel lucky to get .08+ at this point. Eudogg's findings that indirectly implicate Salnikov in some potentially shady dealings and eik's call to Kartix have led me to say enough is enough. Martin's leaving is not good. No announcement of the new TA is not good. Silence from management is not good.
I'm taking a big financial hit, which hurts, but I am just tired of being yanked around and manipulated by these jerks and selling actually feels like a huge relief. My money has been held prisoner long enough.
Those who have read my posts over the past year should know me as a somewhat sceptical long. I did not sell when my conscience told me two the last time it hit the .20's and it was a big mistake. I thought the buyout might put more energy behind this stock so I could get out without a loss (I was averaged at .25), but it never happened. Came close, but not close enough for me to pull the trigger. Too bad.
For those who choose to ride this out, I wish you all the best. It's been a crazy ride, but it's time for me to get off.
Joe
Hey there, Brent. Hope you are keeping cool. Starting too look like a one-man show over here. I haven't checked in in a long time, but this is where I thought to go when I read Tom's research and needed a safe place to post. (In fact, I'm rather glad it's quiet over here, or I may not have posted what I did...)
Is the silence a result of the CKYS fiasco?
Hey there,
I want to thank you for the research you've posted, Tom. I know it does not implicate Aurus directly, but the "guilt by association" and recent silence from management is pretty telling. I've been hoping to get out of Aurus with only minor flesh wounds for a while now, but this research I think will bring Aurus to unprecedented lows until/if it gets sorted out.
I think I have to sell now. In a way I'm relieved. It's been a mostly depressing ride and I should have gotten out when my conscience told me to last time is was around .20. If I'm able to sell tomorrow at .08 (how does one pray again??), then I'll have taken a $35k loss on it. If it reached over .20 on news of the buyout I would have gotten out then, but alas, it did not.
Of course, my selling will mean that the buyout will be revealed as completely true and I'll doubly hate myself when it shoots up to 40 cents. (8^>)
I hate pinks.
Wall Street? What exactly do pink sheet stocks have to do with Wall Street?
I have to say, the quality of posts on this board have really degraded here in the past few months. I guess it is to be expected after having our trust so abused. It's really a shame as this company had such a great story and still does have good properties and a good opportunity. Bob's desperate financial plight was no excuse for what he's done to us, and no amount of IMMN shares will repair that.
The sad thing is is that IMMN may very well become a decent investment over time, but our already invested money seems pretty much worthless now.
I have learned in owning Aurus that I have the patience of a Zen master...
I've long decided to block out the useless (and mostly depressing) chatter, which leaves very little to post about (or read) on this forum.
Still here. Still holding.
"Stay on target. Stay on target."
Well I don't plan to buy into the new company, silly, but I'll take whatever shares they give me!
I suspect the reason is to clearly separate the JV from other endevours that are solely controlled by CWRN (or are partnerships with other entities). The current company configuration has two major partners: Quantum and Astrolabe (which is basically a shell for the Philippine government). It's probably easier to keep the efforts entirely separate so as to reduce the risk of any confusion (read lawsuits) about what profits need to be shared with whom. I think it's the prudent thing to do.
Spinning off JV's into separate companies is a pretty common practice with small companies. If one project fails, it won't bring the other projects (and the entire company) down with it.
LOL. Is this company so under the radar that we can use the message board to post secret messages?? Still hanging around, keeping an eye on this. Lots of distribution agreements but no distribution? Is there a date that the American bottling facility is supposed to be completed?
Define selling like mad. Less than 1% of shares have traded today. But, by all means, start screaming if you like...
Charlatan,
At least the first part of your prediction is true! Your handle is getting mocked... LOL..
I respect your opinion. If I was looking purely at the shares (which, by the way, I am not convinced is 100% correct in the Ibox) and the price action, I might draw the same conclusion. And I know that a legitimate company (which I know this to be - at least the Russian end of it) does not always handle their shares legitimately. Especially in pinksville.
If this buyout is not for real, then Kartix and a lot of others are being used as tools. Not impossible, but neither is it likely. I do think there is a chance you are correct in your assessments. Why doesn't the buyer snap up shares at this price? Interesting question. Are there ways to manipulate the buys and asks to keep the price down while the buyer cashes in on all the doubt? Certainly.
To tell you the truth, I trust my research more than I trust someone who claims to never be wrong. Because everybody has been wrong in their lives and I know you have been too. Your bragging hurts the legitmacy of your comments.
Blue Horse Shoe,
I've been in this stock long enough for my gains to classed "long term". Over the last year, there has been plenty of DD to verify the incorporation of Aurus via a merger with Zabaikalgeoprom, to validate the ore content of Zabaikalgeoprom sites with the Russian Federation, to validate the source and methods of this and past "audited" financials (and no, the audits were not done for the SEC or to their standards), to speak with Kartix and verify their negogiations with Aurus and an unknown buyer, to find out what Monimpex is all about warts and all, to GO to Russia to interview the principals on camara and film the Krong operations, to verify the possession - and subsequent loss of possession - of the Kylon mine, to speak with Frank La Posta (which I did personally) and verify his hiring by Aurus and the nature of his contract, and to look into the character of Martin Grandcharoff, who has long since replaced the unsatisfactory Gerald Parkin - who was fired back in the fall, and to independently verify Top Audit's involvment in the creation and development of the Aurus business model (for which a buyout was always the goal).
You think because a lot of this is not in the Ibox that it hasn't been done???
Do a little bit more digging before you start mouthing off on something you can't seem to research if a link isn't provided for you.
Um, didn't it just run big the last two weeks?
I unfortunately sold too early at $3 on the way up. (D'oh!)
I haven't done the math yet to figure out where this should be valued if the projected earnings materialize, but I will. The nature of this investment has now changed from a pure foreign pinksheet to a small growth play, where real valuations are more of a factor in the share price.
Once the price finds a place to settle, I'll do my calcs and decide if it is worth buying back in.
I sure wish I'd put more money on this horse than some of the others I bet on.
Those who are betting on this not being straight up are idiots. The stock may be overvalued at the moment (I haven't done the math), but you can bet it's real.
I am reassured that the offer is not super-inflated like the NDOL deal. The price is realistic.
Because that's the offer, maybe?
Frankly, I'm glad the number is realistic, and completely UNLIKE the NDOL deal. Why should the buyer offer more than what the stock has ever been able to achieve on the open market? If I was a buyer, I would try to take advantage of a company's weakness to get some cheap assets. This number reassures me that the offer is indeed real. If the offer had been for much more than $1, my suspicions would have been raised.
At this price I'm okay either way if the company takes it or rejects it. If they do reject it, though, then they need to accompany that rejection with a timeline for becoming a fully reporting company.
I'm glad the company has chosen to not keep us in the dark.
Oh, and I am so sad I sold out of NNRF at $2.95....
Well, I'm cautiously hopeful about the Aurus buyout. It certainly answers a question I had about why they did their financials with Russian accounting rather than Western. I think the negotiations have been ongoing and Aurus had commitments to meet (audited finances, confirmation of assets by the Russian Ministry of Natural Resources) before any offer could be formalized. Completing a Russian audit I'm sure was considerably faster and cheaper than doing a Western audit. If the buyer is Russian, which I'm 95% certain it will be, then a Russian audit is sufficient.
I think that Aurus was playing it both ways by stating an intention to become reporting. I believe that was the back up plan if the offer wasn't right. I believe it will follow the NDOL script somewhat. I think a price will be quoted that is high compared to the current value, but not unbelievably so. I think a $500 million offer is about the best we could hope for. Depending on the amount of shares (I've heard between 350 and 650 million), that would be between about $.85 and $1.40 a share, but even half of that amount would satisfy me. I agree with you, though, that an all cash offer is not likely to be consumated. I imagine it will turn into a stock deal eventually.
The NDOL history will prevent this from climbing to the same relative % of PPS growth (NDOL climbed to about 70% of the quoted price), but I would not be surprised to see Aurus climb to 40 or 50% (about $.50 a share). I will probably have reached my risk tolerance at that point and will get out.
I do know that the company is real. I have no reason to doubt that the offer is real. My biggest worry in all of this is Aurus's ability to put out timely and complete information. If this climbs into the .20 range on Tuesday, I'll have a tough decision to make. It will drop hard if there is no news before the open on Wednesday. Aurus had given me no reason to trust that they will keep to their own schedule.
CWRN soured me on that tactic....
Profits?? I'm still down 50%....
(8^<)
Agreed. Martin should know the difference. I don't expect that the Russians have much say in what gets PR'd and what doesn't and rely on the Canadians to handle it. That's how I've always envisioned it, at any rate.
I can't say I was pleased by Aurus's PR today. I don't think posting the "movie" on the website is necessarily a bad move, but I've always treated a mention of the message boards in a company PR's as a big red flag.
What can they possibly gain by attacking posters? They need to shut up and get filing.
Yes, this is good news, but I agree that there's no real catalystic for the stock price for another six months. I think folks will be able to buy at .0002 until close to when deliveries and revenues begin. I will continue to accumulate gradually, though, in the lousy 1 million increments that Schwab limits me to. I might give up on trying to get the .0001 shares, though.
Holding..... Breath.... Loooong.... Time.... Blue.... Hurts.... Ack!