AMERIPRISE FINANCIAL, INC.
New World Gold Corp (NWGC) from Yahoo Finance
Top Institutional Holders
Holder Shares Reported
Ameriprise Financial, Inc. 25,000 Sep 30, 2014
For everyone who doesn't get it, a major institutional holder has invested in this stock as of 9/30/14. They are on record as a Major Holder. Go click thru all your favorite pennys of the week, month, lifetime, on yahoo finance or any other research page and see if MAJOR HOLDER is lit as having an institution like this holding shares.
Ameriprise taking a position, even a small one, allows them rights as a shareholder.
Robert invited any and all shareholder down to see the Compania Minera mine AGCZ owns, which NWGC owns 82%+ of.
Then this MAJOR HOLDER chips in.
THEN Robert reports to shareholders via email that investors have visited the mines in September, and have agreed to invest an initial amount around $375K.
THEN reuters reports NWGC's float numbers as of 11/28/14 as being HALF what it was on 9/30/14. From 660 million plus down to 350 million plus.
AND we have no idea of the float on AGCZ, the sub that owns the mines and concession with the reported 800,000 oz.+ of proven reserves plus all these 27 new veins of gold.
BUT we see per the financials that NWGC is loaning over $1MILLION to AGCZ this past quarter, and AGCZ is hiking it's shares for possible repayment thru shares.
Could NWGC be steadily increasing it's holding % of AGCZ in order to maximize their profits prior to a MAJOR HOLDER issuing a report on their operations and announcing that they've purchased a major stake?
I have no inside info, and I don't need it. I'm not selling a share of either, and appreciate the knuckleheads keeping the price down so we can load until then. Feliz Navidad!
