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your example, shark tank valued the company at approx $500k (30% for $150k).
ICPA has a market value of over $3Mill presently (@.01)...
the jan 27 gap was filled yesterday.
MrBigz and Charger, does the appearance of pinching on the ADX of the +D1 going up and the -D1 going down and about to cross play a roll in your planning and thinking? ie is it any kind of signal and where would it fit in with your strategies? It seemed to be a good trigger on the ADX(7), less obvious on the ADX(2)
I'll check back later, off to work; Thanks, Allen
thank you for the exit pointers...
Thx for the note of welcome to the board, and the offer to point out links to lessons etc. I have been reviewing your videos and annotated charts to try to get a feel for your pearls of wisdom.
I like the ANTS chart.. I see the ppo-adx pincher and the macd about to cross above 0, the RSI(2,5) about to cross 50%, My question to understand how you value the potential.. Volume has averaged 4mill sh/d, and @ .009 you have only to .012 til resistance tests 20dma and 50dma. If it gets past, 100dma and even upper bb is much higher(.032 and .024) and give room for a nicer run..what are your thoughts on how to enter and how you handle the first tests..and how you set your predetermined goals of % gain before taking profit. I realize you may wish to answer after the play, but would appreciate learning your thought processes anyway..Thanks again. ( sorry I dont have private messaging, if you pm me email I would be happy to correspond by email if you prefer) Best regards, Allen
very nice call and play.
I'm fairly new to the board, and am trying to help find a way to identify/screen for longer term turn around investments/trades that make sense from the standpt of share structure, changing stories/fundamentals, and ability to make investment of moderate size. Could you direct me to any of your videos or lessons that help screen for possible major plays. I realize that due diligence is crucial, but as you demonstrated to me today, proper charting analysis goes a long way.
Thanks in advance, Allen
the chart looked very promising, but the last quarterly showed approx $6mill in debt outstanding (convertible at a discount to ave share price)
my pick is ZLUS @.0029
Happy, Healthy, and Prosperous New Year to all!!
Thanks to Doubloon for a great board for serious investors in this space.
GLTA, AML
thx for the pm link, aml
NATC:
Hi doubloon, starting my dd on this one and notice the following dilution mentioned in the 11/29/10 8K (copy/paste) aml
Effective October 12, 2010, our articles of incorporation were amended to increase our authorized capital from 75,000,000 shares of common stock with a par value of $0.001 per share to 500,000,000 shares of common stock with a par value of $0.001 per share.
In November 2010, we effected a forward split, payable by way of the declaration of a share dividend on the issued and outstanding shares of our common stock, to be paid by the issuance of 20 additional shares for each issued and outstanding share held by stockholders of record as of November 7, 2010.
Los Amoles Property
On October 4, 2010, we entered into a letter of intent with Yale Resources Ltd., whereby Yale Resources has agreed to grant us an option to acquire a 70% interest in its wholly owned Los Amoles Property located in the municipality of Villa Hidalgo, Sonora State, Mexico, subject to the entering into of a definitive agreement.
On November 26, 2010, we entered into a definitive option agreement with Yale Resources Ltd. pursuant to which Yale Resources granted to our company an exclusive right and option to acquire undivided legal and beneficial interests of 70% in and to the mining concessions known as Los Amoles Property. The Los Amoles Property covers approximately 1,504.74 hectares and is located in Sonora State, Mexico.
The option is to be exercised on or before December 1, 2013 and we may exercise the option by performing, paying or issuing the following:
DGRI: Clay, what is your feeling about the recent gap having to fill before possible further run up? (have a position, sold some on run up, looking to possibly buy some back) chart bumping along under 200mda(?resistance); see 150dma at level of previous high before gap(?support) thanks, aml
yes
nbri, try again his week , thanks
NBRI: my first pick on this board. maybe I'll have beginners luck :)
anthem, the 50dma is about .16 and the 100dma about .11 and the 150dma about .08 ; any thoughts as to where you think katx might trade after the BVIG distribution?
rebo, i agree with your assessment that splitting assets into to two piles is not creating greater value in and of itself. the next question is to what level do you expect KATX to drop as a result of divesting itself of the handcamp property. ie what level would be a good price to reenter Katx for its other remaining properties, and what direction will the BVIG price shift with the sudden dilution of new katx holders? I wonder if 1/4 of the present PPS BVIG is a reasonable change to expect?
thanks nachzala, I thought it would be like a spinoff(distribution) so hopefully no immediate tax consequences(especially since an initial lockup period). would be nice if a PR confirmed. aml
are there tax consequences for the special dividend of BVIG shares? tia
hi doubloon. Interesting pr. quick check and co has 500mAS and 495mOS (Teco ibox);ergo 10+mill mcap for SP=.02;;; 30bl/3hrs=240/day=87k/yr= $6mill+/yr for oil @$70/bl (less expenses): probable need to raise capital for expenses will be difficult without changing AS and OS imo
you might find the following messages of interest on the TECO board by smithsd7= #10545 and #10546
are you looking at this as a possible short term trade, or as a medium to longer term investment, or just watching?
best regards, aml
ps: thanks for your updating the board on your Vancouver findings. I'm still long katx and wolv as well as nbri,dgri,gdsm.
12/09 annual report on pink sheets shows: copied below
Item II. SHARES OUTSTANDING
Our common shares are traded on the Pink OTC Markets under the symbol “RELM.”
A. Common Shares
December 31, 2009
December 31, 2008
December 31, 2007
Shares authorized
1,000,000,000
1,000,000,000
100,000,000
Shares outstanding
650,010,410
578,356,125
97,875,000
Freely tradable shares
91,372,823
11,903,799
11,903,799
No. of beneficial shareholders
(NA)
(NA)
(NA)
No. of shareholders of record
176
176
98
B. Preferred Shares
December 31, 2009
December 31, 2008
December 31, 2007
Shares authorized
5,000,000
5,000,000
5,000,000
Shares outstanding
742,200
3,742,200*
742,200
Freely tradable shares
0
0
0
No. of beneficial shareholders
1
1
1
No. of shareholders of record
1
2
1
*Note: The 3,000,000 shares of Preferred Shares issued, were canceled in exchange for a $500,000 Note to the original owner.
bikeguy, thanks for your thoughts. GLTU also.
thanks doubloon;
one of the reasons I had liked NBRI was the O/S of ~70mill as of the S1A filed 4/10, and I believe they also had a credit line lined up for drilling programs, and moving to the otc might be a help to share price. aml
doubloon, I am still long Wolv and Katx (tho have sold a tiny fraction of katx). I would appreciate your thoughts and evaluation of NBRI and SGCP as i have started accumulating one and am nibbling at the other. Best regards, aml
Doubloon, I saw your posts on SWRS, and as you suggested to me once before a lot of reading goes into your selections of undiscovered gems..so I looked at the pink sheet filing submitted in May 2010 and found the reference below (see my previous message #13539):
the following is copied/pasted from that filing
thought you would be interested. best regards, aml
Preferred Stock
The Corporation is authorized to issue up to 100 shares of “Series B Preferred Stock,” par value $0.00001
per share, having the designation, preferences, and other rights and the qualifications, limitations and
restrictions thereof that are set forth in the Certificate of Incorporation.
On October 22, 2009, the Company issued 100 shares of Series B Preferred Stock to one individual. Each
holder of outstanding shares of Series B Preferred shall be entitled to cast fifty million (50,000,000 votes)
for each share of Series B Preferred Stock held. Except as provided by law, or by other provisions, holders
of Series B Preferred Stock shall vote together with the holders of Common Stock as a single class.
Each share of Series B Preferred Stock shall be convertible, at the option of either (i) the holder thereof or
(ii) the Corporation, at any time, at the office of the Corporation or any transfer agent for such stock, into
50,000,000 shares of fully paid and nonassessable shares of Common Stock (so long as there are authorized
shares of Common Stock available).
NOTE 8
new to board, has any one gotten an update from the transfer agent as to current A/S and O/S? Web site says pink sheet info is correct but it lists A/S and O/S as of old dates.Are there any convertible preferreds or warrants outstanding?
tia
at first blush very interesting.
Has anyone looked at the dilution effect of the 100 PfB shares when converted (pink sheets March 2010 financials filed 5/10)?
doubloon,
I have seen your posts on Katx and Wolv( i have positions in both) and just learned of your board. I was very impressed that you discovered Katx before the first break out (I missed the early part of 2nd break out when my buy order at .02 was missed and had to chase to get a decent position and have been holding) I guess my question is how do you locate these gems in the rough? do you have a screening process or just pour through tons of documents? it's nice to be able to spot a volume spike to try to guide the due diligence. any way i have bookmarked you and this board and would appreciate any suggestions, insights, etc.
I have a few other positions in the mining/exploration category that are recent purchases. I would be interested in your thoughts on nbri,srsr,jada. Thanks in advance
best regards, aml
?cup-handle formation on chart.. Im ready for a nice move. great due diligence birdman!! Long katx GLTA
you are right that rights offering is dilutive. the only reason i even brought that up as a remote possibility to consider was that if KAT were in a position to need to raise cash, selling a property might be giving too much away, and selling cheap shares would benefit someone else so at least let present shareholders be able to participate. Hopefully they will not have to face such decisions. GLTA
B402 (and moderator and assts): the suggestion that sale of one of the lesser properties to raise cash without dilution is certainly reasonable (unless it would be more valuable to operate as a JV); another option which management might want to consider if cash is needed later is a rights offering to let all the dedicated present shareholders participate without getting diluted. just a thought.
thank you for pursuing this, aml
Karin, I've reread that same statement many times, and the fact that they were issued to the James Bickel and others for services rendered as bonus (per the 12/09 quarterly report section 14 subsequent events) indicates they probably have some monetary value.. therefore my concern that under some circumstances they might be convertible into common shares. It would be nice if the company clarified that they in fact are not convertible or if they are at what conversion factor (1:1 or 200:1). thanks if you have any influence with the company to have them clarify.
copied and pasted from dec 09 quarterly report from pinksheets:
Note 14 – Subsequent Events
The Board of Directors subsequently authorized the issuance of twenty five million (25,000,000)
shares of Series D Preferred Stock to James Bickel, the Company’s Chief Executive Officer,
Matthew Totty and Xiaoxin Wu, as consideration for bonus on services rendered.
karan, brick, myth: I have been a long time holder of S3,
Ive followed the Ibox and occasionally the message board, but infrequently. In Feb the 12/09 quarterly mentioned in "subsequent events" the 25mill Pref D (200votes/Pref)issued to officers as bonus for services rendered.(this was also posted on the ibox but as none issued as of 12/09). there was no clarity on whether or not these were convertible to common and if they were convertible would it be at the 1:1 as the other nonvoting preferred shares, or would the be at 200:1, or not convertible at all. This uncertainty in my mind led me to sell approx half my position on the runup to .001; I still follow the progress being made with the portfolio companies and would like to buy back in if i could somehow be assured that the preferred D shares if convertible would be so at no more than 1:1.
Is there any way you can get a clarification from the company on the issue of convertibility of the pref D shares. thank you
thanks for your insight, aml
erock, 911, rick-uk, birdman : you have been very helpful in the DD youve been posting, and I am very long KATX.
could any one post a table/graph/spreadsheet on potential range of values of the properties at the different levels of averages of AU/T that might be found upon drilling and the relative costs to extract at those averages. Or can you refer to any other exploration companies who have press releases/filings analyzing their holding based on drilling values. It,s hard for the uneducated to get a handle on the range of possible values of the Katx holdings.
thanks in advance, aml
Clay, KATX; is it forming a bull penant on daily chart? It seems to be tracking the 150d simple MA (is that a support or resistance line?)
thanks aml
911 , katx newly staked land around handcamp and twilite properties re 2/8/10 press release: do any of the maps show this newly staked property? thanks, aml
I'm new to this board, so please accept my question as one that is naive and may have been previously discussed.
With the hammer pattern at the bottom of a down trend, I know you said you have to wait for a confirmation on the next trading day, But does the slope of the RSI give you any clue, and on the MACD does the down slope of the lines or the early upslope of the bars have greater significance.
thanks in advance aml