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Went down to the mountain.
Since the mountain has some public access, no problem to
run around, although I couldn't get near the very top of
the mountain. Was stopped before I could get there.
Something definately going on. The mountain is usually quiet.
I saw 2 Roadgraders widening the roads on the mountain.
Two drilling rigs on semi-trailers were parked at the bottom
of the mountain.
Counted 5 trucks go by me with rocks as I was there.
I saw at least 15 people milling about near the rigs.
Couldn't get much out of them in the way of information
on who hired them. A lot of smiles everytime I asked. Other
than that, nice guys. The rougher kind.
My thinking is that if DCUT is involved somehow in what
is going on there, then you will want the stock. The question
is - just what is their involvement, how deep is their
involvment, and what are the consequences to that involvment,
on the stock.
I definately won't sell my stock for $ .0001.
Got a return message from management thanking me for my
interest in DCUT, but that information would be forthcoming
in press release form. I guess this message board is not
exactly high on their list of important places.
I'll head down to the mountain this weekend and see
what I can discover. It's a couple of hours away, but
should not be too big a trip.
I bought 37 Million shares at $ .0003 a week ago when I
started as moderator. I thought it only fair to be a
shareholder if I was going to hold the hammer of the judge.
That's $ 11,000. Today it is worth $ 7,400, and at one
point yesterday, the bid said it was worth $ 3,700.
SO MUCH FOR MY TALENT OF STOCK INVESTING....LOL
Part of me says how far wrong can I go at $ .0003 ? If
the company announces an LOI, that would tend to make me
believe that something else is coming down the road. In
addition, if what chatter I hear is correct, there may
be some surprises coming. At least I might be able to see
$ .0004.
I've already had my eyes opened a little on the characters
behind the stock. As usual, I wondered into this moderator
job like a white sheep straying into the woods.
Some of the comments expressed have made me start digging
deeper. I'll report whatever I find.
War Eagle is a complicated story. From what I have been
told of the Mountain from my contacts here in Idaho, the
claims are owned by hundreds of little private family
holders. It's also an underground operation, with dozens of
little mines being run with low volume. There's lots of Gold
on War Eagle, but there is no efficiency, and lots of little
feifdoms. It's a mess. No-one has ever been able to
consolidate the land holdings. Some of the land holdings
have been in family hands for over 100 years. Royalty holdings
are the same way, fractured and held by hundreds of people,
each receiving little payments.
Kinross is mostly an open-pit operator. DeLamar and Florida
Mountains are open-pit.
However, with that said, something is going on around the
Mountain. Drilling rigs showed up a couple of weeks ago.
These are obviously not being hired by mom and pop; and this
is what caught the attention of my contacts and why I asked
to moderate this board last week. Something is up.
What DCUT is up to, I don't know. What they have paid for
the royalties so far, I don't know. No-one will talk to me
on management's side. Could be that royalty holders are
converting to share ownership. A publicly traded vehicle
would value the royalties at a higher multiple than the
royalty holders could get in a private deal, each by
themselves, should a suitor show up.
Maybe they have been buying them on Kinross's behalf for the
last year, so that the price didn't spike. Maybe they already
own them, and the LOI news release is just a formality that
ends a process already done. The LOI news release, and the
rigs showing up on the mountain around the same time, point
to someone knowing something before the fact. Once the rigs
showed up, the jig was up, and the eyes were opened.
We will know soon enough, I guess. However, one thing is
for sure. My mining friends in Idaho are talking about it.
Of course, that doesn't mean anything, but it is interesting.
I think you are somewhat off on the O/S and float.
Right now there are about 4 Billion shares O/S, or
at last count, at least.
The restructuring mentioned in the PR probably means
a reverse split of some kind, reducing the number of
shares.
As for the other conclusions, I don't have enough
information yet to know whether you are right or
wrong.
Well, from the looks of things, it would appear as though
not too many people are impressed. Seems people are taking
the opportunity of a an ACTUAL bid on this stock, to sell
what they have held for so long and be thankful.
Bid $ .0001 Ask $ .0002 down 33 %.
It will be interesting to see if they are right, or just
gave away their stock.
I've done a little checking around, since War Eagle
is in my backyard. I became the moderator of this
board a couple of weeks ago because of chatter that
I was hearing in my mining circles. Prior to that, I
didn't know who DCUT was. The news release yesterday
confirmed what I was hearing.
It also explains the pick up in the share volume over
the last few weeks.
War Eagle is a mining property directly east of
two very successful open-pit mines owned by Kinross Gold
( KGC ). It's on the same fault line, and has already
produced a significant amount of gold.
A mineral royalty is the right to receive payments
from the mining operator of a certain percentage of
the ore produced. Generally, it is between 2 % and
8 %. Normally, it is a NSR ( Net Smelter Return ).
This means that the royalty holder receives a percentage
of whatever the smelter pays the operator, regardless of
the cost structure of the operator. It is based on the
ore shipped to the smelter, and the price the smelter
pays for the gold.
If they are buying the royalties of War Eagle, then
they have something big by the tail, according to my
friends.
I have had a call into the president of DiCut for a
couple of days now, but no return message. They seem to
be pretty tight-lipped about it. I will try to get as
much information as I can, when I can get it.
That I cannot control. However, I will have a talk with the
President and express my desire that he not dilute. LOL, like
I would be someone he might listen to. We'll just have to see
what kind of promotional campaign is undertaken by the company
when everything comes together. I would assume that a campaign
is planned.
It will take about 4-5 weeks for the shell to be transformed,
and the stock to accelerate. In the meantime, volume should
pick up and the price should slowly advance. The news release
today was just the beginning, and more details about what
they are purchasing will surely come out.
DCUT ... News Release
http://biz.yahoo.com/iw/070612/0265069.html
DCUT...surprise
News Release
http://biz.yahoo.com/iw/070612/0265069.html
DCUT...quicker than I thought
News Release
http://biz.yahoo.com/iw/070612/0265069.html
DCUT...that was fast
News Release
http://biz.yahoo.com/iw/070612/0265069.html
DCUT sold off all of its' assets in October, 2006, and issued
restricted stock to all its' creditors as settlement of debts.
The Company is a shell, and debt-free.
Recent activity is related to a supposed coming restructuring
of the shares, a name-change, and an asset infusion into the
shell.
We will know over the next few weeks whether the rumors are
true or not; but, from what I have heard from my sources, it
is real.
DCUT will come on the radar screen soon. Volume picking
up, and MACD advancing strongly. Share restructuring and
name change rumored, with blockbuster assets being added
to the shell. Time frame is about 3-5 weeks before news.
DCUT will come on the radar screen soon. Volume picking
up, and MACD advancing strongly. Share restructuring and
name change rumored, with blockbuster assets being added
to the shell. Time frame is about 3-5 weeks before news.
DCUT will come on the radar screen soon. Volume picking
up, and MACD advancing strongly. Share restructuring and
name change rumored, with blockbuster assets being added
to the shell. Time frame is about 3-5 weeks before news.
DCUT will come on the radar screen soon. Volume picking
up, and MACD advancing strongly. Share restructuring and
name change rumored, with blockbuster assets being added
to the shell. Time frame is about 3-5 weeks before news.
A sleeper awakens.
I hate to be the constant pain in the ass here, but is
anybody concerned, at all, that we seem to go up $ .20
on 250,000 shares, then, the next day go down $ .20 on
just 8,000 shares.
This is not the first time this has happened.
Every rally is met with fierce selling, like a brick
wall of offers, then the bids drop away on the first sign
of any selling by the public.
This is not right.
Who keeps selling on the rallies ?
Could it be shorts fronting for the Reids in order to
pay for the mill ?
The listing in Frankfurt is notorious for indicating
naked shorting.
I'm talking about the $ 5,000 in cash as of just a
couple of months ago.
I HAVE MORE money in the bank than that.
My child has more money in the bank than that.
For such a BIG company, with great plans, and connections
all over the place, you would think that there would be
more cash in the bank than that.
Makes you kind of wonder.
How do you fall nearly 5 % on only 6,000 shares sold, out
of 10,000 total shares for the day...so far ?
Just a question here for the "sudden" true
believers in this stock...
HAS anyone read the financials ?
You have to scratch your head a little.
Total cash = $ 5,264
Accts Payable = $ 497,897
Sounds to me like they are in hock up to
their ears, and are going public to raise
monies by diluting the stock on the backs
of new buyers.
Wouldn't you think that a investment company
bringing companies public from Asia would have
more money in the bank than $ 5,000 ?
Boy, would I have been wrong.
Thought about buying this in Feb at $ .17
Wow....just looked.
Sad
I liked this until I saw this :
On March 23, 2007, Precision Aerospace Components, Inc.
(the “Company”) was notified that a complaint (the “Complaint”)
had been filed against it, its directors and a major investor,
in the United States District Court for the Eastern District of
Pennsylvania by Robert Moyer, its former president and chief
executive officer. The Complaint against the Company alleges
breach of employment contract, violation of the New York
Payment of Wages Law, wrongful discharge, unjust enrichment and
civil conspiracy, all arising out of Moyer’s discharge. The
Complaint demands relief aggregating over $460,000 plus
compensatory and punitive damages. The Company believes this
Complaint has no merit and will vigorously defend the suit and
will consider any appropriate rights and counterclaims.
They've been late in filing reports lately.
BANKRUPT STOCKS.........
Just a friendly warning, that this is probably a "PUMP & DUMP"
scam of some kind.
A company's securities may continue to trade even after the
company has filed for bankruptcy under Chapter 11. In most
instances, companies that file under Chapter 11 of the
Bankruptcy Code are generally unable to meet the listing
standards to continue to trade on Nasdaq or the New York Stock
Exchange. However, even when a company is delisted from one of
these major stock exchanges, their shares may continue to trade
on either the OTCBB or the Pink Sheets. There is no federal law
that prohibits trading of securities of companies in
bankruptcy.
There is no law that says an investor can't buy, or pay what-
ever he wants, for a piece of paper representing a defunct
company, which is now only suitable for framing.
Note: Investors should be cautious when buying common stock of
companies in Chapter 11 bankruptcy. It is extremely risky and
is likely to lead to financial loss. Although a company may
emerge from bankruptcy as a viable entity, generally, the
creditors and the bondholders become the new owners of the
shares. In most instances, the company's plan of reorganization
will cancel the existing equity shares. This happens in
bankruptcy cases because secured and unsecured creditors are
paid from the company's assets before common stockholders.
If the company does come out of bankruptcy, there may be two
different types of common stock, with different ticker symbols,
trading for the same company. One is the old common stock (the
stock that was on the market when the company went into
bankruptcy), and the second is the new common stock that the
company issued as part of its reorganization plan.
If the old common stock is traded on the OTCBB or on the Pink
Sheets, it will have a five-letter ticker symbol that ends
in "Q," indicating that the stock was involved with bankruptcy
proceedings. This stock is most likely worthless, and is only
trading as a way for past owners to recoup some of their losses
by "passing the paper" to some other sucker.
It is like buying an antique; it appears to have value, but,
in reality, has no value since there are no legal claims on
company assets.
The ticker symbol for the new common stock will not end in "Q".
Sometimes the new stock may not have been issued by the
company, although it has been authorized. In that situation,
the stock is said to be trading "when issued," which is
shorthand for "when, as, and if issued." The ticker symbol of
stock that is trading "when issued" will end with a "V". Once
the company actually issues the newly authorized stock, the
"V" will no longer appear at the end of the ticker symbol.
Be sure you know which shares you are purchasing, because the
old shares that were issued before the company filed for
bankruptcy may be worthless if the company has emerged from
bankruptcy and has issued new common stock.
Not bad.
This guy has done this before. Has connections in the
legal world.
He bought this shell for $ 35,000.
Will turn around and offer it for $ 150,000.
Add in the 5 Million shares on the open market that
were valued at $ .005 two days ago, and are now "SET"
at $ .03, and you have $ 300,000 for a shell that was
worthless a few days ago.
Actually, if you tried to buy any true amount of
shares in this, on the open market, you would probably
end up paying $ .10 or higher for most of the stock.
In essence, the shell costs $ 500,000 or more to buy
from this lawyer, and he only puts up $ 35,000. You
have to wonder if the judges and other lawyers involved
with this type of appropriation of companies is in on
the sweet deal.
What a life.
It's a good thing that I don't try and trade my
feelings and frustrations.
I just buy and hold.
Never said I was good at trading.
LOL
Up in the morning, down in the afternoon.
Same pattern again and again and again.
Another 72,500 block of shares sold today at $ 3.20
Who's selling ? More important...WHY ?
The selling at around the $ 3.20 has now been too
much, for too long, not to mean something.
I am beginning to think that a common situation is
developing. Before a PP is done, shorting occurs at
a price much higher than the PP. Then, the stock gets
slammed, and, low and behold, a PP is announced at the
lower price.
What turns out to have happened was that the PP participants
sold the stock short at the higher price, and used the
difference between the short sale and the PP to actually
pay for most of the PP.
There is nothing else that can explain the constant supply
of stock at $ 3.20. A surprise drop is coming, and possibly
all of the way back to $ 2.
Who keeps selling at $ 3.13 to $ 3.20 ?
a block of 77,500 was crossed at $ 3.13.
THAT's a lot of stock, considering all the positives
surrounding GORO.
WHY would someone sell that much stock ?
WHY can't this stock rise ?
Just frustrated.
I watch and own a lot of gold stocks, and even my
sub- $ .10 stocks are flying.
It's my opinion, ok ?
I've invested and had a relationship with them prior
to now.
If you look at the company, the management, and
everything else, you come away with the feeling
that the shareholder gets the short end of the
stick in every case.
I am just saying to stay away from this company,
if you value your money in any way.
That's all
I don't remember how I figured the float.
But, I have had experience with them before.
They will never put their properties in production.
They sell their stock, and sell their stock, until
it reaches a price that no longer records on a
quote system, because there are too many zeros in
front of the number.
Then, they RS, and start the whole process over again.
In the meantime, they have somehow gotten new stock
so that the percentage ownership is more than 50 %.
Over and over and over and over.
A cash machine in perpetuity.
Well, this selloff makes sense ?????
What's with this stock ?
Gold flying, GORO sinking.
Every Gold stock I follow is up today 2-4 %, except GORO.
No volume to speak of.
Great news, no interest.
Heavy sellers at $ 3.20 every time.
xxxxtrader has something to gain here...
WATCH OUT.
He's pumping like there is no tomorrow.
Telling lies
scamming
This is really going to be funny...
WHEN everyone realizes that this company does not exist.
I called the bankruptcy trustee who signed the final
legal paperwork for Schlotzsky's.
She said that the stock does not exist, and it was cxl'd.
Anyone buying this stock is not buying Schlotzsky's, and
they did not realize that the stock was trading.
You could buy every share of this paper, and you would
not own one iota of anything.
LOL
I can't wait till the bottom drops out of this scam.
Does anyone have Dave Stocker's telephone number ?
Maybe I am wrong.
It could be possible that the pre-bankruptcy shares
( BUNZ ) are no longer valid, but that the new shares
( BUNZQ ) ARE....
I do not understand the bankruptcy process, and the
effect on the existing shares, enough to know.