Replies to post #7921 on El Alacran Gold Mine Corp (fka EAGM)

[HAK41]

LOL........
Looks like some folks have been " pondering " in Ponder.
Just have to wait to see how this shakes out.
What we do know at least now....
The company is alive and kicking....
The name, symbol, and apparently cusip # change is and has been in progress......
We will have a reverse split of 100 : 1
The individual at Signature Stock Transfer indicated the name change already existed, they were waiting for the new symbol from Nasdaq.
If it was simply that change plus the change in an officer of the company then I would think the reason for it was to : 1 ) simply reduce the float, get an immediate higher PPS from the reverse split, and latch on to some additional market interest due to an extremely low float stock
2) if it is a buyout the acquiror ( Buyer ) probably wound up getting a bargain price for some solid assets.
In either case, think I'll just sit & ponder the outcome.
Also think we'll see a PR from the company with all appropriate details within the next week or two.
Y'all have a great evening !

[fahad]

Hello members ,,, is there any one can contribute and try to call the EAGM management and ask for conference call with them, so we can hear from them and know what is going on. Mule in MGMX succeeds to do it; I believe she can help us to make it. Whose say I am??????

[samgj2006]

SOME SERIOUS MEMORIAL DAY PONDERING

What really keeps rolling around in my head, which is normally consumed with other projects, is that this company, EAGM, is supposedly sitting on a great cash position. If the present restricted share owners, could get their hands on the float shares, worth $115,000 at 0.0005, they could walk away with total ownership of the company. Remember this company started at 800 shares X $200,000. Their coffers should be full, even after two 1:1000 stock splits, 800,000,000 x 20 cents is the ballpark figure. Even if all shares are not sold, 20 cents seems reasonable, NOT 0.0005 or 1/20 of a cent, but 400 times this amount. The other day we figured at .0006. At 0.0005 X 538,000,000 restricted and float shares we're looking at $269,000 dollars. Multiply that times 400 = $107.6 Million U.S.DOLLARS.

If in fact this is the same old EAGM with different restricted share stock holders becoming the new Corporate officers of the new CAYANNE RESOURCES, Inc., it makes sense that they control the stock. They also control the company's cash, and they certainly do NOT want to give this up. Now they have to comply with the new NASDAQ or NYSE pink sheet and stock catagorization guidelines to stay listed on NYSE and sell pink sheets on the NASDAQ. And how did this stock pps get to be so low??? There are no option puts out there, for people to bet that the price will go down, only the company's lack of information and guidance on this company. When you do not hear anything on a speculative gold mining company, you, or many of previous EAGM stock holders, lose faith, or hope if you prefer, in the company. The next thing they do is cut their loses and sell at a reduced pps and so the downward spiral of the pps went. This is to the advantage of those running the company, as they can increase holdings at a cheaper pps. Now under the new guidlines they can get the pps up by reverse split and leave us without guidance again, while the pps falls in the future. At 0.0005 they can not get the price much lower due to diehard stock holders. They hope to get some breathing room through a reverse split, skimp on guidance and grab more control of their cash assets.

Lastly, are we sure that the assays on previous drillings were not salted down with additional gold so that this looks like a viable gold mine with reserves. It brings into question the geologist and the assayer, neither of which I can personally vouch for.

There you have it. My thoughts on EAGM / CAYANNE. It may be a fairy tale or it may be the truth.