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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@RocketRed2016-08-12 18:36 $EOM News Release Eco Oro loses mining rights in 50.73% of Colombian area
@Markedtofuture$GBN via CableCarCapital.com - What Happens When You Short A Stock To Zero?
posted on Aug 12, 16 07:13PM
via CableCarCapital.com - What Happens When You Short A Stock To Zero?
Cable Car Capital discusses the formalities involved in extinguishing equity interest in a company going through bankruptcy. Even if the shares were delisted, they are still somehow listed at the DTCC corporation. So anyone who had shorted the shares may still be liable for margin interest even if the company disappears.
Golden Band is still a going concern, but no longer an issuing reporter. Insiders had shorted shares in distributive sales and non-distributive sales in large numbers. So extiguishing equity interest is a matter of formally closing those short sales once and for all, that the DTCC does its housecleaning. The 'creditors' were paid in full, and the company continues as a going concern, so why does the subcontractor get equity issued to them when they were made whole?
There is also the problem of company ownership, that in order to be considered a beneficial owner in the company a shareholder aught to have voted in favour of the business plan during the proxy vote almost a year ago. What happened to that?
Then there's the fact that almost 70% of the public float of the shares were held short, meaning you bought the shares but in fact were given an IOU and the money went into something else.
Just a matter of how long this will all take before it's resolved, just that the shareholders are woefully under informed, or perhaps completely wiped out.
@MiningBookGuyHere's a prediction where I'm glad I was wrong-- @Tommy was too, though he wins this 'bet'! :)
@tommy When til CEO.CA breaks 500 online? I think Oct '16 from #index.html, 5 Apr 2016, 10:33
@MiningBookGuy CEO.CA breaks 500 online? i'll go with Jan '17. but hope it happens 2016! from #index.html, 5 Apr 2016, 10:35
Can't believe I saw it hit 650+ online during the $NXE conference call this past week! Congrats CEO.CA, exceeding all expectations!
@statesideComanus Rising Podcast - August 14, 2016. In this episode of the Comanus Rising Podcast we talk about the week in gold and gold stocks, the $5 billion gold dump at high noon on Friday, a few stocks to research and then news on the junior exploration stocks this past week including: West Red Lake Gold $RLG West African Resources $WAF Almadex Minerals $AMZ Goldstar Minerals $GDM First Mining Finance $FF Colorado Resources $CXO Gold Standard Ventures $GSV Pure Gold Mining $PGM NuLegacy Gold $NUG Gold Reserve $GRZ Renaissance Gold $REN Sirios Resources $SOI Klondike Gold $KG NexGen Energy $NXE Inventus Mining $IVS - http://www.comanusrising.com
@MiningBookGuyhey @Newton, thanks, I'm looking forward to the Casey fiction! btw, someone you ended up in the "weird" index room...i saw this from the @MiningBookGuy room, but not the main index.
notice it says "10 online" in here...there's close to 200 in the main one. i think this is a bug that was mentioned before #feedback
@statesideI've corresponded with several companies over the last week where assays should be coming out now and almost universally they are guiding to the first week of September. Old school TSX-V investing says wait till September to get more bang for your buck on good news. Stink bid time for the next two weeks as nervous newbies get scared and dump at market.
this is the wrong index.
you are most likely looking for #index.
the channel was renamed a while ago (dropped the .html from the end) which caused confusion.