The Feds been goosing the markets via POMO. Bernanke is expected to announce QE 2 possibly in November or early next year which will continue the money being injected into the markets. I guess the shorts never took heed to "don't fight the feds!"
Hey Palmoni, you learned anything new regarding that South American co.? I've been told that my "package" has been sent out and hopefully it'll contain new info. I must say dealing with my broker was a pain in the ass, hah!
They're not at .14. You take the cost that you paid for your shares, and divide that by 1.5--and you convert your shares into the new company. Thus if you bought 1000 shares at 7.5, you would own 5000 shares at 1.5--of the new compay, that has an implied value of 3.
In fact, right now you have a double on your invested capital. I believe Gil at Minatura will be able to help you convert.
In fact, they have a piece 8X bigger and right next to Continental Gold's Buritica gold project which has caused CNL.TO to double in the past couple months
"They're not at .14. You take the cost that you paid for your shares, and divide that by 1.5--and you convert your shares into the new company. Thus if you bought 1000 shares at 7.5, you would own 5000 shares at 1.5--of the new compay, that has an implied value of 3."
if they don't "convert" the shares are they worthless? can i just hold on to them and let them convert?
The Feds been goosing the markets via POMO. Bernanke is expected to announce QE 2 possibly in November or early next year which will continue the money being injected into the markets. I guess the shorts never took heed to "don't fight the feds!"
ReplyDeleteHey Palmoni, you learned anything new regarding that South American co.? I've been told that my "package" has been sent out and hopefully it'll contain new info. I must say dealing with my broker was a pain in the ass, hah!
I was given a contact person that I have to call regarding my stock conversion, but I'm not going to do that until I get back.
ReplyDeleteI've heard some good things but haven't seen anything yet in print...
I got in touch with one shareholder who already received their new stock certs. Said there were no surprises, but I guess we'll see for ourselves.
ReplyDeleteAny chance of posting the GS morning report. Looking for the notes on MGM.
ReplyDeleteThanks!
Huh?
ReplyDeleteMy MGOL shares are at .14 today.
Fourteen fucking cents.
They're not at .14. You take the cost that you paid for your shares, and divide that by 1.5--and you convert your shares into the new company. Thus if you bought 1000 shares at 7.5, you would own 5000 shares at 1.5--of the new compay, that has an implied value of 3.
ReplyDeleteHow do you convert?
ReplyDeleteMy shares are sitting in an Etrade account. I haven't looked at them since they went up in smoke.
In fact, right now you have a double on your invested capital. I believe Gil at Minatura will be able to help you convert.
ReplyDeleteIn fact, they have a piece 8X bigger and right next to Continental Gold's Buritica gold project which has caused CNL.TO to double in the past couple months
how do we convert the shares? i'm on scottrade
ReplyDeletedo you have contact info to reach GIL?
ReplyDeleteIsn't the PPM closed? They have to wait until the company formally announces something for the rest of the public holders.
ReplyDeleteP -
ReplyDeletebased on this comment from you
"They're not at .14. You take the cost that you paid for your shares, and divide that by 1.5--and you convert your shares into the new company. Thus if you bought 1000 shares at 7.5, you would own 5000 shares at 1.5--of the new compay, that has an implied value of 3."
if they don't "convert" the shares are they worthless? can i just hold on to them and let them convert?
not sure if you could share more? but if you can that would be great. how do we take our cost to convert?
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