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Excellent to hear StockFalcon. There are more than a few here who have been holding and silently standing by since that out of the blue buying spree a couple+ months back. Someone was buying hundreds of thousands of $$ of this stock at higher prices than we see today, with basically no news. Love to know who or what entity was doing that buying(?).
Mostly sideways action since; it'll be interesting to see what develops. As you write, Chart looks nice, just need volume.
Expecting to get out of this with a decent profit imo.
And you're not the only one stockpicker1, as whoever was buying 170 MILLION PLUS shares over a period of 2-3 days within the past 2 weeks...at prices well above where we sit now....did not lay out over $500,000 to NOT run this. News/not news....big news/no big news.....who lays out that amount of cake if they even THINK they might take big losses??
No guarantees, my opinion and all that, etc. etc...but really. Ever since those huge buys there has been a walk down, and up, and down; and relatively speaking, with much, MUCH smaller amount of shares changing hands.
Massive volume recently....170 million plus....at higher prices than we sit here. And all just over a few days. Why? And who was it buying over 1/2 million dollars of this stock with no news?
Plus, the chart looks nice too.
And of course, whoever bought upwards of 170 million shares over 2-3 days recently, at higher prices than we sit now, I am guessing they didn't spend over a half millon $$ thinking this was a loser either.
No guarantees and all that, but much, MUCH lower volume on the walk back. Hmmm, interesting. Let's see what develops.....
GVIT--re: Volume/Price
And keep in mind during the run up that alot of shares sold for higher than we sit now. ALOT! Like the day we had 147 mil in volume. Now I see small time volume, especially today, as we float up and down.
Not saying that is a guarantee of anything, but as you wrote bobbydigital, still very thin if/when this starts moving up again....and relative sideways action on light volume beats the heck out of dilution any day.
GVIT...lower price AND much lower volume today.
STILL, alot of shares...many times todays volume, purchased last couple of days at higher prices. No guarantees and all that, but let's see what tomorrow brings.....
GVIT...lower price AND much lower volume today.
So yeah, no way a big move possible TODAY valueseeker00; STILL, alot of shares...many times todays volume, purchased last couple of days at higher prices. No guarantees and all that, but let's see what tomorrow brings.....
new 8k/Investor Presentation from ALQA-- recommend checking out this short presentation.
Besides what we already know regarding the impressive manangement team (read: ACTUAL credibility based on past accomplishments and currently held positions) and who is invested here already, there are some other interesting points made in their just released short presentation. To view it, follow the link below to the 8k, which essentially is the presentation recently filed.
Couple of items jumped out at me:
1) State of the art production facility only running at 10% capacity utilization, and so they will not need massive Capital outlays to ramp up production.
2)Their product/delivery platform has been VA formulary Approved as of last month. What does that mean? See definition in quotes below:
ALQA...sure enough ontrget6. Nice money flow, strong insider ownership at 31% plus, accumulation going on at least 2 months, and WHO the investors are is as telling as anything else.
No guarantees of course, but the business model makes sense; not some pie in the sky foolishness like too many smallcaps.
And back to manangement and large investors, winners tend to follow winners. We'll see...
Following up on the Interbit Data MMRF connection....
http://www.bizjournals.com/boston/blog/bioflash/2013/01/interbit-data-to-sell-ehr-services-to.html?page=all
Regarding Alliqua's presentation and follow up meetings....
Alot of potential on a number of fronts. One particular snippet from their PR for the Jan 7th presentation that caught my eye in particular:
It never got off the ground from what I saw....
What I refer to is TF*R Thanksforplaying...
Very well said MadMoose....that is exactly the way I see it.
I think his goal is to phase in buyers over a few days to a week so that the first wave folks (and himself of course) will have someone to sell their shares to. Part of his "pump" problem is that he seems to fail to realize people can easily see when the pick was first released to others. He either needs to change that approach, or find another JAMN. lol! Try something else.
And come to think of it, wasn't he going to "retire" if his last pick (TF*R) didn't work out? :) Almost from the first, that baby plummeted like a grand piano dropped out of a helicopter!
Best
And I just got MY email from him early today...saying, don't miss out, before the big move! LOL! Doesn't this scam artist realize people can DD the chart and whether others were alerted before them? Say for instance, like days in advance? On top of which, I appear to be on two of his lists. On the second one, I am told to be prepared for the release of his new pick tomorrow! With the advice to "get in early" of course.
And of course, don't get me started on TFER--lol!
Still, all kidding aside, looks like a few got in here early enough to make some cash. Congrats to those that did!
James Sapirstein, recently appointed CEO of the Company says:
Regarding next move for SRGE:
"Having NYSE companies involved at these levels of communication is enough too for me to believe such. I think in order for two NYSE companies to be at the levels of coordination with SRGE about the Cinco Minas as they have reported, I think they have a variety of documents, to include a feasibility study, that we have not seen and probably will not see. I am fine with that if the NYSE companies are fine with that enough to close the deal with what they have. This is the stance that I am taking. This is why I believe they have one be it part of their scoping study or not."
As always Sterling, you get right to the heart of the matter. Well said.
Now, of course, 1man can hold a differnt OPINION. We all respect his right to not believe the company, but his views are his OPINIONS only, unless and until he can prove there are not studies, no talks, etc. etc.
In all of history, only 161,000 tons (146,057 metric tons) of gold have been mined [source: National Geographic].
"Gold is not rare? You must be joking..lol"
I was laughing so hard I couldn't type! You beat me too it MrPoppa!
Again, no it is not a fact. Firstly, why should anyone here believe for a second that YOU know ANYthing about mining. Anything. And secondly, you don't know what studies they have undertaken....or not.
Instead, you show up out of the blue and take shots. I know the rest of boys need a little time off, but c'mon--lol! At least try to throw a little credibility our way.
One more time. It is YOUR opinion that Cinco Minas has no Reserves. You have yet to provide any proof the company's filings or PR's are lies. Proof. Opinions are fine, but please label your thoughts what they are--opinions. Thanks.
NO, you didn't. You presented your opinion of why you think their filings and PR's are not truthful. IF true, then you move on to which laws are broken, etc. Meantime, you need to prove they are lying if you want others to believe it is anything other than YOUR opinion.
So say you. Speculation. SRGE investors feel differently.
Now, if you could offer up some PROOF the company is lying, most would be interested to hear what you have....(?).
Again, you do not say "your opinion" or imo or anything like that. You show up out of the blue and make hard, seemingly factual statements....buuut? No proof?
Again, your entitled to not believe anything, but it is just Your opinion. We'd agree on that much, right?
I dunno, since the reduction in o/s and Float, along with the new developments in their mining operations recently, it's run wild over the past couple months. AND held the gains! So I'd have to say....Alot of buyers would disagree with you.
But again, all the best as you move along to something you do believe in; but please do check back in with us from time to time, at some point you may find that you want to jump onboard as SRGE's explosive growth unfolds!
That of course assumes they choose not to accept an offer from one of those NYSE listed metals producers.
It's unfortunate you do not believe in the prospects for SRGE, especially with so much great news lately and the chart shaping up nicely.
But you're entitled to your point of view. So we certainly wish you the best as you move on to a stock/company you can believe in and support.
All the best.
SRGE....interesting few weeks coming up!
As far being here to make money CyberCall, of course,, we all believe you are here to make money. EVERYONE on this board Posting regularly is here to make money, whether they own any shares.....or not.(?)
SRGE looking for big news!
And just curious Gonz....just how wrong can one person be? :) Last 2 months you write the same thing over and over....and WHAT A RUN it's been since you first predicted the end of the road/end of the world for all SRGE shareholders!! You haven't offered anything of substance. NO Proof of ANY kind that SRGE is a scam, it's been running wild since you've arrived...albeit been consolidating recently....the pause that refreshes before the next leg up....
You scream P & D since Sept, yet at least as of 11/02 we know the share structure has not changed....at all! Not a share! Soooo, what's next? Is this finally the week where your "last gasp" theories come true? If not, why not? No one Posts almost exclusively on one stock, 5-7 days per week without TRULY being committed to their point of view....and so you ARE committed to a cause, I'll give you that.... But why not join the folks with the White Hats! You have to know by now this will be leaving the station, with or without you! Be good to yourself! Come on in, the waters just fine!
SRGE Has Nothing - Just another SCAM
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g0nz0 Friday, September 14, 2012 9:44:51 AM
Re: None Post # of 60222
SRGE Has Nothing - Just another SCAM
Get ready to see the Kool-Aid start flowing. New investors are going to get dumped on big time.
No Cinco contract, no office in that building. Its all been unraveled this week. Its only trading on the pumping of people in the red at the moment.
You guys have some fresh fish lined up that haven't been in the room lately. Once they do some DD they will be quickly gone (if the others haven't dumped on them first)
I called the drop two days ago. Then it dropped the very next morning for two days straight. This is just a last gasp this morning imo
LOL!
Amen brother. And FULL TIME too. NO break for air....until one of them "tags out" and another buddy steps into the ring to take over!
Makes me wonder? Why so much effort? Go SRGE!
Absolutely W3....and great Post YankyFann1.
They can only delete so fast....we DID see your well written Post. And as you write W3Research, the true goals here are beyond obvious. What a concerted effort! Wow!
I have no idea how this ends up, but someone definitely IS worried. lol!
"....Flipping SRGE right now is dangerous...."
Agreed tob999, but of course, this assumes that a person ever owned it to begin with....even one share! lol!
"market makers are flippers......good flippers too. we churn stock all day long....we are like one big happy ice cream machine. churn, baby churn.....disco inferno.....lol."
Go SRGE.
Awesome chosenuno! And there is alot of room to run after this lengthy consolidation....just needs that spark!
Ok, so you don't even believe in charting for penny stocks? Ok, well, at least I know where you are coming from...
My viewpoint is alot different, as you no doubt guessed; to me, NOT playing the chart down here eventually leads to losses. It's just suicide. Fundamentals are too hard to verify, but Charts never lie!
As far as being concerned, again, just see the first part of this Post. Like I said though, you're of course entitled to dismiss the importance of Charting....everyone has to make that call individually.
Best to ya...
Not much "selling" going on here, almost none really. Not alot of buying of late either...but you feel there is a "Seller" here??
Still, free country, free to do as you please of course. fwiw, I think fitzwell's point was simply that 13's are below important Support level. IF you were to get a hit, might be the impetus to take us lower from that price point, not higher. Just saying...
Still not being able to leak any shares into the Float is a big deal doogdilinger! Bigger I would argue that even the Float reduction.
Maybe a good idea to have your Post stickied??
Agreed. There really isn't any committed selling, but many are waiting to see the results of the independent Testing commissioned by the company....and the name of the 100 year old company that did it (additional legitimacy).
They are not allowed to Dilute by rule, until those Financials are in (not saying they would/will, but nice to know by rule they must hold off for now!)....and so like you alluded to Doogdilinger, no one is racing for the exit either.
You're not alone. LOL! And he inadvertently put me on two lists! That is to say, THE Pick was "revealed" just this morning to me, but I am on another of his lists which promises to reveal, for the first time, (and before this other supposed newsletter crowd jumps in) THE Pick tomorrow before the opening!
Given the multi-bagger run over the past few weeks, coupled with many posters here having received this Pick days/weeks before me....I'm just not feeling alot of love for some reason. :)
"Everytime i think about this stock, it just baffles the hell out of me, why its so cheap, with those kinds of Revs. Folks need to wake up."
There are more here lurking that you might think smokestack. P/E looks unreal, just like you and others have posted. The underlying problem though is the balance sheet. They have a SERIOUS tax liability to the PRC that is just killing their balance sheet. IF they really want to be taken seriously, especially given they are a Chinese r/m company, they will need to provide clarity as to why that huge liability has not been addressed yet, and what do they plan to do about it?
Sure, lack of visibility could be part of what's holding it back, but in my view it is not THE main reason.
Still, to be as balanced as possible, they have not shown a history of dilution to this point, and with a very small o/s count, a run could be "engineered".....whether they fix the underlying assets vs liability shortfall or not......!
Mortgage1
Why not smokestack? This tax liability issue has flipped the balance sheet upside down; and even more troubling to me is the WHY of why those taxes were not paid. See below copy and paste from the 2nd qtr 10Q:
"Mr. Tao Wang entered into the contract with the Company to assume fiscal responsibilities for all tax liabilities recorded and potential penalties relating to all the tax liabilities before December 31, 2009. As of December 31, 2009, the assumed amount tax liabilities was $12,549,060, which mainly included VAT tax payable and income tax payable. However, these tax amounts transferred to Mr. Tao Wang were never paid to the government. As a result, the historical financial statements of the Company were restated to reflect the Company as the primary obligor of the tax liabilities. The restatement has no effect on operating income, net income or cash flows from operating activities."
What I am trying to understand here is this Mr. Tao Wang is supposed to be the CEO? Also the controlling shareholder? Yet by their own account in their 10Q, it was he who was entrusted with the monies to pay those PRC taxes, plus interest, and didn't do it. Now, maybe there is some sort of valid explanation as to why this obligation was not followed through on, or perhaps there is a language or translation problem.....??......but any way you cut it, the company owes it to their shareholders a clearer explanation on this issue, AND a clear path or plan to address this multi-million dollar overdue tax bill.
And to be balanced, yes I see the top line growth, the potential for outsized growth given the demographics in China and who their customers are, and yes I applaud (so far) their restraint in NOT diluting wildly like so many other Chinese r/m companies do.
Still smokestack, my opinion is that I am not alone in watching this closely, as a non shareholder, until they either offer a satisfactory explanation and plan of action regarding their tax problem.....oooor, they partner with whomever to get the ole sunshine and happiness pump going in order to sell a bunch of shares at higher prices. Maybe even to use the money to pay taxes. Who knows?
Speaking for myself, I am fine with either outcome as I would be happy to invest if it made sense, or take what could be a fun, even rapid ride up if this were to get pumped. Small o/s so far, lots of potential!
Mortgage1
Selling, general and administrative expenses 2,895,688
I suppose the dramatic uptick in the above numbers could be explained by the rapid expansion, though it is abit much. And so far, the share structure looks soooo attractive.
Still, the 800 pound gorilla is the tax liability. Without it, we'd have a rockin balance sheet, but unfortunately, it is there and unless they plan on "engineering a run" (always possible, especially with such a small o/s and float), they need to at some point explain how they plan to address this serious tax shortfall/liability.??
Restatement of Financial Statements
Also, in my view we need to hear from the company regarding Mr. Wang. If he has failed in his obligations/promises to the company (see below)regarding the payment of the tax liabilities, why do they appear to be granting him large blocks of shares each quarter? In fact, if monies were transferred to him to pay those taxes in 2009 and he failed to turn that money over to the government, as is alleged by the company (again, see below from the just released 10-Q), why are they not pushing the issue, either through criminal charges or civil actions?
They do mention he is the controlling shareholder, but still, if they really did transfer those monies to him to pay PRC taxes and he failed to do that, which as they write caused a Restatement of Financial Statements, what DID Mr. Tao Wang do with that money? Where is it? Doesn't take a genius to see it's killing the balance sheet.
"Mr. Tao Wang entered into the contract with the Company to assume fiscal responsibilities for all tax liabilities recorded and potential penalties relating to all the tax liabilities before December 31, 2009. As of December 31, 2009, the assumed amount tax liabilities was $12,549,060, which mainly included VAT tax payable and income tax payable. However, these tax amounts transferred to Mr. Tao Wang were never paid to the government. As a result, the historical financial statements of the Company were restated to reflect the Company as the primary obligor of the tax liabilities. The restatement has no effect on operating income, net income or cash flows from operating activities."
Ownership:
Glory Reach was established in Hong Kong on November 18, 2009 to serve as an intermediate holding company. Mr. Tao Wang, the controlling interest holder of Qingdao Shoes also controls Glory Reach. On February 8, 2010, Glory Reach acquired 100% of the equity interests in Qingdao Shoes.
Qingdao Shoes was incorporated on March 11, 2003, in Jimo County, Qingdao City, Shandong Province, PRC, with registered capital of $320,480. Prior to December 18, 2009, Mr. Tao Wang owned 80% of Qingdao Shoes and the remaining 20% was owned by Mr. Renwei Ma. Starting from December 18, 2009, Mr. Tao Wang owned 80% of Qingdao Shoes, Mr. Renwei Ma owned 15% and Mr. Wenyi Chen owned the remaining 5%. Qingdao Shoes is the owner of the brand name “Hongguan” and principally engaged in the wholesale and retail sales of fashion footwear primarily in the northeast region of China.