Replies to post #36436 on Mensa Mining Corp (EQBM)

[couchptado]

I sent a copy of your questions to our beloved CEO, Mr Larry.
I hope he answers you:
My email to him is attached below !!!. . . . ..

I think you are the best person to answer this I-Hub poster, and as an after thought, can you still sleep well nights???

Posted by: Nest Egg
In reply to: None Date:5/19/2007 1:57:16 PM
Post #of 36436

Dear Board members:
I am new to this board. My late husband starting purchasing EQBM stock back in late July (maybe longer). I am trying to understand what is going on. He said at the time, that it really looked like a good investment and they were giving out dividends on another stock that is associated with Equitable - SOMA. From what I understand through Scottrade, neither is worth very much. I cannot even trade in the 103500 shares on Equitable because their value is so low that it would actually cost me money to trade at such a loss. (which I really don't understand).

Any suggestions? or should I just hold on, and on, and on? I have 2000 shares of SOMAF and other SOMA stocks (I think that's right), but they aren't tradeable on line either.

This may not seem like a lot of money to many of you, but the initial and additional investments were a lot of money to us (now me).

Thanks for all serious responses. I would certainly appreciate the suggestions/advice.

Nest Egg

[knights]

NestEgg, my advice is if you are not desperate for money hang on to your shares for another six months or so. I think by then SOMA may trade over a euro or 1.50 US$ and who knows even EQBM may trade actively in the Pink sheet. Larry I believe is still in Europe when he comes back there may be some updates if he is still interested in his company. If you want to trade your SOMA shares you have to phone your broker and place your order. Shares trading in Frankfurt can not be traded the way we trade US stocks.

[kermit42]

I'm sorry for your loss. And that you have to deal with this in the aftermath.

Back in October, EQBM did look like a good investment. Any time you're dealing with the opportunity for multi-1,000% returns, you accept the possibility of a 100% loss. But you have a right to expect your CEO will play straight with you. Ours misled and betrayed us.

If you absolutely need your money back, I recommend you place a GTC (good till canceled) sell order on EQBM of .003 and a GTC sell order on SOMA (you didn't mention your broker's name, but it is tradable through most) at .30. In a month you should have most or all of your money back.

That said, I agree with knight that if you don't absolutely need your money back now, you should wait. EQBM is a total crap shoot. Who knows what will happen with it? But there is good evidence that SOMA is the proud owner of one functioning mine tailings line with an option for 2 more. The price has been slowly rebounding on Frankfurt and it's trading oddly here. It is reasonably possible that it will break a dollar or more over the summer and you can still turn a nice profit.

Good luck to you.

Tim