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My opinion is that additional shares will be sold by the company to continue operating. Look for your current position to be heavily diluted. I did have 25,000,000 shares before the reverse split. Hopefully, like me, you did not have all your money invested here. I have a number of other stocks on which I can easily recover my loss here. Best wishes to all. Remember that there are no guarantees - either walk away or take the risk & possible potential for huge profits in Pinky Land.
P.S.: I am not selling my current position, and may buy future shares once we know what the future holds.
Sounds like they have a meeting of the minds and all that's left to do is get the documents signed for finalization of the agreement.
It's a shame that you are trying to move things forward and get some much needed informatiom for everyone, and someone is trying to make you the fall guy. Unfortunately, this is the world we live in, someone will always try to make a profit at someone else's expense. Gool luck in your efforts.
Let he who has no faults, throw the first stone.
Mary,
Just sent you an E-Mail
Sept. 24, 2007 Maxam Gold Corporation Begins Coyote Peak Exploration
Sep 24, 2007 (M2 PRESSWIRE via COMTEX) -- Maxam Gold Corporation (Pink Sheets: MXAM) President Richard G. Steeves is pleased to announce that the company has begun work on an 8 week exploration and chain-of-custody assay testing program at its Coyote Peak claim property in Western Arizona. Coyote Peak was selected as the initial site based on past gold concentration data for this area.
Mountain States R&D International, Inc. of Vail Arizona has been contracted to supervise the chain-of-custody sample distribution and testing. Two industry recognized independent laboratories will perform the testing and deliver certified results.
Richard Steeves, Maxam's President said "with the price of precious metals and commodities in general at 25 year highs, the future of the gold mining industry has never looked brighter. Certainly a rapidly developing China has played a key role in how quickly this has occurred. Maxam Gold is certainly in the right place at the right time, the years ahead should be exciting."
ABOUT MAXAM GOLD CORPORATION (Pink Sheets: MXAM)
Maxam Gold Corporation engages in the acquisition, exploration, and mining of gold and other precious and semi-precious metals. The company was founded in 1974. Maxam's gold claim properties are located east of Quartzsite Arizona where Maxam holds 1280 acres. Maxam's selection of Xcentia Mining LLC as a partner in the mining process is a step that will capitalize on the vast experience possessed by Xcentia's management team.
SAFE HARBOR STATEMENT
Some statements contained in this and/or other Company correspondence are to be considered "Forward-Looking Statements" as defined under the Private Securities Litigation Reform Act of 1995. Actual results from the above disclosures could differ materially from projection, as results from the above disclosures could differ materially from projection, as results from economic factors, geological factors, operations factors, government regulations, environmental factors, or factors relied upon from independent sources, may either negatively or positively impact progress. These risks include, but are not limited to: The ability to motivate key employees; timely development, production and acceptance of products and services into distribution channels; maintaining expense factors in acceptable levels with revenues and/or funding growth; and other risks that time to time may occur.
CONTACT: Richard G. Steeves, Maxam Gold Corporation Tel: +1 217 586 5316 e-mail: Maxamgoldcorp@gmail.com WWW: http://www.Maxamgoldcorp.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD
I had given Brian a few suggestions about possible Joint Venture partners awhile ago. I know that Brian was looking into one of them which had a lot of possibilities, however that company has been draging it's feet for a long time being unable to get it's act together. If Brian had made a preliminary arrangement with them, then he has been dragged along with their indecisions for many many months.
Another one, I am currently working with, was not contacted by Brian. This company has a verbal Joint Venture agreement with another company.
The third one, has just entered into a Joint Venture with another company.
Brian might have picked the wrong one to attempt a J.V.
Looks like HABE is making positive steps in the right direction. Also, don't forget that Albert Conti, will be interviewed by Wallstreetreporter.com on August 13, 2007 at 11:00 A.M. EST. The interview will be conducted by Senior Analyst John Ortel and will be around 10-15 minutes in duration
Thanks for the reply. I wanted to know if you knew where one could trade below $0.0001 ?
I know GWGO was trading below $0.0001 for quite awhile before it became GWGD; I just did not know where to buy for less than $0.0001. Thanks anyway.
Do you know if shares purchased thru a U.S.A. broker can be purchased below $0.0001 ? ( I was told that the SEC has set $0.0001 as the lowest price shares can be purchased. I tried purchasing another stock for below $0.0001, and was told I could not place an order for less than $0.0001 as set by the SEC )
If so, where or how can one purchase shares below $0.0001 ???
Same as before. If AURC ever settles buyout, will try to double.
How about an update to the website - its been over one year. I guess that also cost money as well!!!
I assume you were the last trade at 0.095 ? You made me buy at 0.10 I'll just have to try & get in a little earlier tomorrow ( had to keep lowering my sell price on another stock before I could buy today )
Sorry but you are incorrect. The only thing to revive the PPS is "Company Progress". If you really want to sincerely help, contact MGMX - don't ask why or what is going on, but ask what you can do to make things happen - maybe you can find a few USA geologists who would be willing to go to Columbia ( you may even find willing shareholders who will pay for their trip ), maybe they need a direct monetary investment if funds are running low ( See if any other shareholders are willing to pool their money to reach the company's financing goal ), maybe you could offer some of your "intellectual" services, etc.. Don't be a couch potato - become an active participant.
A few weeks ago, Mule was trying to get this Board to come up with viable ideas and contact the company and see how we could work as a team to get MGMX moving!!! How many on this board took Mule's suggestion seriously!!!
Why not come together as a "TEAM", stop your crying, and try to come up with something positive - legal, political, financial, or otherwise!!! Who knows what can be accomplished if only you ( as a "TEAM" ) collaborate, infuse your wisdom and knowledge for the betterment of MGMX and fellow shareholders. Remember that you are an owner of MGMX!!!
Without any significant news from the company, a Reverse Split ( no matter how small )would cause your investment to further shrink!!! Perhaps you need some change for a meal at McDonalds ??? Hope you don't want to "Super Size" your meal after the RS.
As I mentioned to you before, I will hold what I have and add more if these prices contine to remain at these absurd low levels!!!
I hope not. Look at GWGO, they recently did a 2,000:1 reverse split to get out of sub-penny catagory. They were hoping to trade around $0.20, well they did for about 10 seconds, within a few days it went down to $0.025, I doubled my position at $0.01 ( lowest it has been since RS ), now trading around $0.015.
We were losers before the RS, now what are we???
RS's are good, if you want to lower your cost by buying back in after it free falls, with the hope of it climbing back out of it's hole.
I still own another stock that did two reverse splits - my $27K
investment is now worth about $10.00 - the only thing it is worth is the tax writeoff!!!
Are you looking for a tax writeoff - if so, sell your shares to me now for a loss and you won't have to wait!!!
See post #22839. You should be able to buy at 0.0003 at Monday's opening. If not, go to website, see what asking price is and that is your buying price ( what price the MM is willing to sell shares to you )for an immediate sale( should take a few seconds if you do not place an "all or nothing" order! ) The bid is what the MM is willing to pay you for your shares. The market is constantly changing, depending on how much investors want to pay/sell shares for. Just don't place a market order ( willing to pay any price ) in pennyland. If you are not in a hurry and want the better price, make an offer below the ask and wait - both sellers & buyers look at these tables!
Happy hunting.
Thank you!
Thank you!
Perhaps you can teach me something. How were you able to copy the actual color chart ? ( you saw my attempt! )
Perhaps this will help you get the information you need to purchase additional shares: http://www.allstocks.com/level2quotesotcbb.html
Select: Free level 2 Pinksheet and OTCBB Quotes
Symbol: MGMX
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0002 8 40000 0.0003 4 20000
0.0001 7 35000 0.0004 4 20000
0.0000 0 0 0.0005 2 30000
0.0000 0 0 0.0008 1 5000
L2 Quote:
MM on Bid : 15
MM on Ask : 16
MM ID Bid Size Time
SBSH 0.0002 5000 12:22:10
ETRD 0.0002 5000 12:22:08
AUTO 0.0002 5000 12:22:06
UBSS 0.0002 5000 12:22:10
VFIN 0.0002 5000 12:22:11
NITE 0.0002 5000 12:22:10
HDSN 0.0002 5000 12:22:09
FRAN 0.0002 5000 12:22:08
MAXM 0.0001 5000 12:22:09
DOMS 0.0001 5000 12:22:07
SSGI 0.0001 5000 12:22:10
MURF 0.0001 5000 12:22:09
GNLN 0.0001 5000 12:22:09
MM ID Ask Size Time
SBSH 0.0003 5000 12:22:10
ETRD 0.0003 5000 12:22:08
AUTO 0.0003 5000 12:22:06
UBSS 0.0003 5000 12:22:10
VFIN 0.0004 5000 12:22:11
NITE 0.0004 5000 12:22:10
MAXM 0.0004 5000 12:22:09
DOMS 0.0004 5000 12:22:07
HDSN 0.0005 5000 12:22:09
SSGI 0.0005 25000 12:22:10
BEST 0.0008 5000 12:22:07
FRAN 0.0010 5000 12:22:08
MURF 0.0010 5000 12:22:09
Agree 100% - my vote.
I recently had placed an "open" order for 6 Mil. shares of another stock for 0.002 and two days in a row they sold me 1 share each day!!! ( However, the previous three days I purchased 1.6 Mil. shares - I just assumed that they wanted me to withdraw my order, which I did, and the shares began trading between 0.0025 - 0.003 )
They have brains???
Mule, you have my "blessings" in using Takeover and Redsky as your assistants during the conference call. Hopefully we will get a time horizon for the company's plans as well as a look into the future.
Are the two ( 2 ) geologist both local or do they now have a U.S. geologist ?
I sent them an E-Mail ( about a week ago ) with my current amount of shares, and asked them if they are currently producing gold and what amount per day - they have yet to respond.
A few weeks back, I had an order in for 6+ Mil., got 1.6 Mil. over 3 Days at 0.002, then the order just sat as the price rose to 0.0025. I cancelled my order and bought something else.
Now just waiting for things to happen!
Did you buy any today at 0.002? If so, did your order get completely filled?
Thank you for the update. Looks like a March 2007 PR will not happen. I am here for the long haul - all or nothing. I will wait and see what happens. This week, I looked at two companies ( both have real potential ) as an addition to my current investments, the one I selected fell 25%, the one I decided to purchase later rose 35%. The grass is always greener on the other side of the fence!!!
I will E-Mail you my share count.
I am not suggesting anything, only that if one truely believes that MGMX will become a real company, then one should consider adding to his position at these prices ( Remember that no one knows the future and all the intricate details which may sideline a company - unless one is an insider - and no one should invest more than he/she can afford to lose.
My response was directed to RedSky, who seemed to infer that he "knows" MGMX will succeed, infered that he has not recently purchased additional shares at these very low prices, and is quite financially able to purchase additional shares without substancial additional lost if this investment does not pan-out ( apparently he got in when the price was in the pennies, adding additional shares now to double his initial position would represent a drop in the bucket )
You must look at what you can truely afford, and not invest money that is needed for more urgent living expenses.
A fool and his money are soon departed! ( Do your own DD, and do not base your investment decisions on anyone else's statements, since you do not know what objective the person has who is so freely giving you advice. )
The only thing I cas say is that I am buying and will not lose my home or go hungry if this investment goes sour. You must make your own decision.
RedSky - You should determind your own destiny, stay, & take advantage of the low share price ( If you truely believe that MGMX will become a "Real Mining Company" ). Everyone is entitled to their own opinion, even the negative ones. I do not like to see these levels either, nor the additional share structure, however, if one sits on the sidelines waiting for things to happen without buying additional shares ( assuming one does believe in MGMX's future ), then one's original position ( as a percentage ) will definately errode by the wayside. As for me I am glad some people are selling and still have in an existing order for 12.5Mil shares. I thought that I had purchased all the cheap shares on Wed. & Thur. ( my orders were partially filled ), & turned around today to see the price drop again and placed orders for both MGMX & EAGM. Next week will be my semi-final averaging down for now.
Happy hunting.
Redsky - Why do you let people with negative attitudes get to you. Someone once told me when it comes to penny stocks, "do not invest more then you can afford to lose". Most people can not admit they may have made a mistake, and accept blaim for what they did or failed to do.
As for myself, I have been averging down and am responsible for much of the volume for the past two days in both MGMX and EAGM. I hope that my error is the failure to buy more than I already have, if not, so be it.
Does anyone know the land size of our key holding, the El Alacran Mine ?
Just curious, did some research and could not find any mention of property size.
RedSky,
Just wanted to let you know that I have been lurking in the background for awhile and felt compelled to sign up and let you know how deeply appreciative I am of your past endeavors in bringing relevant information to this board about MGMX with a substancial cost of both your time and money!!!
It seams ( reading some recent post ) that you have overcome your anger over some posters questioning your most recent efforts - well for one I can say that they are the fools - keep up the good works. And I also want you to know that I will personally blaim you for all the money I am about to make on this stock!!!
Best regards and thanks again!!!
Just letting you know that the lights are still on and have corresponded with Brian a few times this week. Still looking for more opportunities and investigating those opportunities for the benefit of IPMG shareholders!!!