tag:blogger.com,1999:blog-3323125037607548189.post998182481951882135..comments2024-03-15T02:40:09.484-04:00Comments on Wall Street Manna: SocGen goes crazyPalmonihttp://www.blogger.com/profile/17670456087642069778noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3323125037607548189.post-50847427857551841302009-11-19T00:02:09.832-05:002009-11-19T00:02:09.832-05:00Wow that's a classic case of greed! If these i...Wow that's a classic case of greed! If these investors were just a small % then they wouldn't have much leverage since I'm guessing they weren't the ones with the Colombian gov't connections.<br /><br />Congrats on the potential hedge fund offer. It's funny how opportunity comes knocking!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-50779227281789437652009-11-18T22:58:52.808-05:002009-11-18T22:58:52.808-05:00meant 15k not $15 dollars...lolmeant 15k not $15 dollars...lolAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-47500181670180018792009-11-18T22:57:49.178-05:002009-11-18T22:57:49.178-05:00Palmoni, thanks for all this info...it's impos...Palmoni, thanks for all this info...it's impossible to get any data that you're sharing and i really appreciate it. I don't have a lot of shares...200...makes up most of my roth...i know there is risk but it's a roth that i've lost 80% on earlier this year by going short.<br /><br />it sounds like there is still high risk but i assume you wouldn't have audits, 10q's or k's without being serious about going on...if they dont merge then they don't need to go through all the formality of everything right?<br /><br />thanks a lot for everything...whatever you decide to do on that offer from the hedge fund i'm very thankful either way. I know you set this up not to get hired somewhere but more to tell us the story and maybe just to have fun...maybe i'm wrong...if you take any offer...ask for 50% of profits with a high base and not have to share any losses.<br /><br />hate to see you go and this blog end.<br /><br />i don't have a lot of money in the market...reg trading acct only $2500 now but i've been able to wiggle slowly up with your touts...it was once at $15 and hope to be back there some day and when that day happens you'll be first to knowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-29038572631103343302009-11-18T22:10:45.081-05:002009-11-18T22:10:45.081-05:00as I understand it--That agreement was for a perso...as I understand it--That agreement was for a person that was going to put $20 million in the company on a creative financing via a derivative instrument that was to be listed on the AMEX, tied to gold...and then raise more money by a convert--but the people selling the assets into the shell didn't want the dilution--they after all, put up the money in the first place..and they were in at an adjusted price of 10 ..so they went another way to get financing via the gold in the ground <br /><br />so then they needed to prove out the reserves but those assets weren't yet merged into the shell<br /><br />but these other investors wanted the assets themselves, and not merge them into the shell--but just a % of them <br /><br />so now they need to close the merger of all the gold properties into the shell, so they can get the money from the gold in the ground..its the non dilutive way to raise money..and to give the shell assets--from 99,000 to 1.2 million acres--prove out gold reserves and you have a huge market cap<br /><br />and if you look at the money that the company raised--I think about $4 million in the quarter--there were no broker concessions on that since it was done privately..<br /><br />close the merger, and I'll be all over the stock..<br /><br />then finish the property audits after they are in the shell! I've seen the company estimates, and other geological work and they are off the charts..but what good does that do me, unless they are merged into the shell?<br /><br />and that's why the delay--you had people throwing money around at the properties, but they wanted the properties and they didn't want them in the shell<br /><br />so finish the merger, bribe some officials to get it done like ocho did, and then we got a stock we can tradePalmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-6398272867997838042009-11-18T19:47:41.713-05:002009-11-18T19:47:41.713-05:00so this must have been the reason why the stock dr...so this must have been the reason why the stock dropped below $5 a few months ago<br /><br />Consulting Agreements <br /><br />On August 19, 2009, we entered into a consulting agreement with an entity who agreed to provide the Company with corporate finance relations, corporate financial services, corporate finance and mergers and acquisitions with respect to the Company. The term of the agreement began in August 2009 and will terminate in June of 2010. Pursuant to the consulting agreement we agreed to compensate the Consultant with a monthly rate of $85,000 in form of shares of the Company's common stock at $5 per shares. Additionally, we agreed to issue a one-time installment of 200,000 shares of our restricted common stock. The 200,000 shares were issued on August 21, 2009.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-2238279579319573482009-11-18T18:01:55.823-05:002009-11-18T18:01:55.823-05:00It was to do things by the books--every share and ...It was to do things by the books--every share and piece of property had to be correctly accounted for. Ross Perot "measure twice, cut once deal"<br /><br />Should be completed this year.Palmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-16997061625050888852009-11-18T17:44:25.406-05:002009-11-18T17:44:25.406-05:00Is the merger being held up due to technicalities ...Is the merger being held up due to technicalities or are there individuals who are trying to derail things? I can understand if all the interested parties just want to make sure everything is done properly since it involves very valuable land!<br /><br />This statement looks interesting: <br /><br />As a result of input from Colombian counsel, Colombian accountants, US tax counsel, and US securities counsel, the parties to the above referenced transactions anticipate, and are currently pursuing the restructuring of the nature of the transactions as described in the Gold Resource Partners Merger Agreement and the Membership Purchase Agreement and Plan of Reorganization with Gold Ventures 2008 and Flat Holdings, to reflect the most efficient manner to resolving technical legal and accounting issues with the intent of retaining the original material terms of the Agreements.<br /><br />Sounds like they are making sure to do things by the books.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-12481823382282455192009-11-18T17:37:41.102-05:002009-11-18T17:37:41.102-05:00do we know if the merger is happening this year or...do we know if the merger is happening this year or just the next 12 months?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-16820363262875874572009-11-18T17:33:07.967-05:002009-11-18T17:33:07.967-05:00No--this is just the structuring of the shell--whe...No--this is just the structuring of the shell--where the properties get merged into it.<br /><br />It is a definite positive that they are saying that the properties will be merged into the shell as that is where the value lies.<br /><br />When they talk about substantial capital being deployed and the 1.2 million acres of productive gold land--that is when the "substantial capital" will then come into play--but after the completion of the merger.<br /><br />Complete the merger, and I'll start talking about the mineral estimates that the company has made, and which is in the process of being verified<br /><br />The news that I was expecting is conditional on the completion of the merger.<br /><br />You'll know that when it hits. 1.2 million acres? And show some audits on that acreage with proven gold reserves?<br /><br />That will bring flies to it like honey.<br /><br />But we just need the merger to be finished--that's what is holding things upPalmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-62401643982523484492009-11-18T16:51:40.001-05:002009-11-18T16:51:40.001-05:00Hey Palmoni,
10-Q form was filed.
What I got fro...Hey Palmoni,<br /><br />10-Q form was filed.<br /><br />What I got from it was that the merger ran into some technical issues and it is being restructured with the original terms with a deadline of December 31, 2009.<br /><br />Also this line looks interesting<br />"Expected purchase or sale of plant and significant equipment."<br /><br />We do anticipate the purchase of plant and/or significant equipment at this time during the next 12 months, as part of the GRP Merger and GV Acquisition.<br /><br />Was this the news you were expecting or is there more to come? Thanks!Anonymousnoreply@blogger.com