Which existing shareholders are selling the ~4,000,000 shares? So these aren't shares subject to the tie-up period?
Indeed, if it were a mere wrist malfunction he could use Dragon Speaking / voice recognition software, or do it the old fashioned way and dictate to Ol' Mrs. Van Tongeren--it's the least she could do, given the price at which Jim sold her the farm.
Or perhaps we're just setting up for cancellation of the Nashville Q&A…Hard to believe there will be many people there other than the muscle and crickets.
WILDGOLD: the full court press on the Sinclair ponzi is to ensure that this turd does not float to the top of the toilet bowl ever again. I suppose I believe exposing this fraud (the company and the man) and making sure investors don't get duped is a good thing to do (there are better things to do, but this isn't the worst).
looked like top of range to me. not saying it can't break out...volume has been low for a few days--including the most of this last runup. good luck...
How are you handicapping the price through earnings release cash back?
I would imagine they are optimizing plane utilization to maximize load & then using premium pricing on the best / least inconvenient connections/departures. I works to a point, but horrible for customer loyalty.
Stock rode up with this CEO, no? I'm not sure it makes a difference. I stopped flying UAL when the mileage plus program became horrible and i lost sliver status even though i was flying same amount as before. i now fly based on lowest fare and fly Delta more often than not (slightly better IMO interiors on flights to Europe & Mexico) or low cost pt to pt carriers such as Interjet.
You're right James. Any question asked of this company is a joke because the company is itself a joke that Sinclair is playing on the remaining hapless CIGAs. Less than a Potemkin village.
C'mon Jim, no operational update for nearly three months? No no rock crushed, no aerial footage of ore heaped on the pad, no cyanide leaching? All I see is Joe Kahama selling more shares.
No valuation above 0: no assets, no PP&E (water 'boxer' rented), no cash--perhaps just a lease on Kahama's house. & Who knows the liabilities to the Tanzanian government.
The value of the company is zero or close to it. Its assets are not viable--If Buckreef is so great, why did IAG abandon it and take a $117M write down in 2009 during the height of the bull? IAG's reason why was, " that there were minimal prospects of gold at the formerly government-owned Buckreef project." The CEO of IAG noted that $15M and 100,000 meters of drilling had "not increased the resource base materially, and that preliminary metallurgical studies indicate only low to moderate recoveries from heap leaching."
We (or Relbo) could go back and give the same picture to the rest of Jim "Jones" Sinclair's properties.
Sinclair is a huckster wrapped in a sociopath covered by a ponzi scheme.
It will be hard for Jim to throw his righteous, table thumping rages at anyone in the company--they are all his lackeys. Perhaps he'll make a desperate last gold prediction for the end of the year, like Bo Polny.
TRX is a ponzi maker's dream. It has no analysts following it , virtually no institutional investment save some hedge funds & algo traders holding shares as part of HFT programs, making it am a more perfect trading device, a black box unfettered neither by analyst upgrades/downgrades, nor institutional money asking uncomfortable questions like that pesky insistence on showing that you have cash or you generate it.
The inevitable delisting, in my mind, will come something as a shock, or non linear event, when someone digs down in the August year ends and finds that there is only a couple of months operating capital left, until then it will correlate highly with the price track of GDXJ.