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Silver Wheaton Corp. Message Board

billyteex1 804 posts  |  Last Activity: 51 minutes ago Member since: Jul 17, 2006
  • Reply to

    Guess the lowballing works

    by billyteex1 Jul 7, 2014 3:01 PM
    billyteex1 billyteex1 Jul 7, 2014 3:54 PM Flag

    Make that 342,000 shares.

  • Insider Summary

    Type

    Last 3 Mo.

    Last 12 Mo.

    Number of Insider Trades 24 56
    Number of Open Market Buys
    View: All Purchases 18 33
    Number of Sells 6 23
    Net Activity 400,534 799,099
    Total Shares Traded: 506,534 1,001,799
    Number of Shares Bought: 453,534 900,449
    Number of Shares Sold: 53,000 101,350

    2013 they bought 900,449 and sold only 101,350 shares
    2014 they bought 453,534 and sold only 53,000 shares

    Why is it important that spandex misrepresent insiders activity. If insiders were given a large incentive to get free shares. It was probably as an incentive to turn this company around. When they take procession of these free shares, they also incur a large tax bill. What have most of them done, is eat the taxes and hold onto these shares. Over the past two years insiders have held onto 1,35M shares. Even though this is at 3 year highs. Spandex knows something is in the works, so he's instructed to lie about things. Not on my shift spandex. I love having you here, because I can disqualify every point you make. You either one dumb hombre or one big loser.

  • billyteex1 billyteex1 Jul 7, 2014 3:39 PM Flag

    He owns a ton of it. Are you really this stupid. Insiders own a big piece of this. Why, because they know this is headed to multiple all time highs. The board of directors wanted to motivate management. Why are insiders holding so many shares and paying huge tax bills to keep shares?

    You know news is coming.

  • Reply to

    When There Is NO PR Program............

    by spanspur Jul 7, 2014 2:01 PM
    billyteex1 billyteex1 Jul 7, 2014 3:32 PM Flag

    They claimed last year to pay down up to $50m they paid $39M. This year they believe the will pay down between $30-$50M + the $36.6M to the Nigerians. Unfortunate for spandex, he has to misrepresent everything. Because somehow he sold prematurely. BTW they were GAAP positive last quarter. Again spandex gets his information wrong. This was in a quarter that a Canadian company was slow on something like a $24M payment. Second quarter is going to be strong. Spandex wants some cheaper shares. He knows insiders are acquiring shares and if he can lie about things, here, just maybe he can afford a 100 shares.

    Spandex, with you around, you make everyone look smarter. Why are you lying about things? That's all you can do. Sore Loser.

  • Reply to

    Spandex gets the numbers wrong on purpose again

    by billyteex1 Jul 7, 2014 3:11 PM
    billyteex1 billyteex1 Jul 7, 2014 3:24 PM Flag

    Here are the facts on Nigerian situation. Why lie spandex?

    The Settlement Agreement provides that WGHI will make payments to WAPCo totaling $55.5 million. A total of $19.0 million was paid in 2012 and 2013. Of the remaining $36.5 million due to WAPCo, $3.8 million is due at the end of the second quarter of 2014 and $32.7 million is due at the end of the fourth quarter of 2014. The Company intends to fund the final payments under the Settlement Agreement through cash flow from operations, proceeds from additional asset sales, or through available borrowings under the ABL Credit Facility.

    WGI and WGHI are jointly and severally liable for payment of the amount due to WAPCo under the Settlement Agreement. WGHI and WGI are subject to a penalty rate of interest and collection efforts in the London court in the event they fail to meet any of the payments required by the Settlement Agreement.

  • How is it this guy cannot read a 10-k? I almost reposting last week from the 10-k the actual $35M final information. I knew that spandex would be making up fake numbers. Guess I will have to post it now. Because clearly spandex will wet himself posting lies about the company. Insiders buying and a share price he clearly cannot afford to buy it at.

    Something big brewing with WG. Can you feel what they are cooking. Canada project, maybe a $3T+ project? 5 year deal, sending this stock much higher. Remember spandex was selling in the mid $8's, Was he even remotely correct?

  • They got someone to hand them 132K shares. Sell yourself 1800 at .007 and someone will panic and sell you 132,000 at an improved price. Maybe Shirley makes a living covering for these crooks? He does seem to show up, whenever buying occurs.

  • billyteex1 billyteex1 Jul 7, 2014 2:50 PM Flag

    Quiet. Opps me bad.

  • billyteex1 billyteex1 Jul 7, 2014 2:50 PM Flag

    Riley,

    You are very close here on something about Shirley temple. There is a group out there that buys up shares. They want to intimidate any discussions here. If you mention something positive, they bring up the SEC on you. That is designed to keep us quite. But watch the day they do get funding, do you think for a second that a alias of Shirley or Stalag won't be back.

    How many times a day does Shirley monitor this board. My guess 20 times a day. When vmax opened up about Stalag, he had a nut job named Smalls (who posted 1000's of messages on General motors board), confirm his identity as Stalag. Four months later I brought up the name smalls, guess who shows up a few minutes later? They monitor this board continuously.

    If BMGP dilutes, there's always buyers...always. We pick up a few crumbs and that they don't like. My guess either IOBS is worth some big money or PVA is.

  • billyteex1 by billyteex1 Jul 7, 2014 1:43 PM Flag

    I asked them when will they put out something about timeline, TEVA and preclinical info updates. Hope to hear back from them. They took us over, I would like to see their plans. I suggest some other write and ask some questions. If they don't hear from us they forget about us. I know in the past they got e-mails and updated. We are getting close to a trial, I feel they can open up a little. At least announce if they will be submitting a abstract somewhere. Maybe they have to wait to see if they are accepted? To early for us to dig around for the September meetings.

    Just my two cents. I understand the real stuff starts once they enter the clinics. But a little transparency is always welcome.

  • Reply to

    Value and assumption

    by pvctbeliever Jul 3, 2014 10:03 PM
    billyteex1 billyteex1 Jul 7, 2014 1:27 PM Flag

    Start of trials don't move valuations. AF had you guys pegged as unsophisticated investors and he may have been optimistic on that title. Love when you see a deal announced with another real biotech and somehow believe that means something here. At some point, you will wake up and understand how unsophisticated you were.

  • Reply to

    Off topic question on Sonic Drive In

    by bobtailquale Jul 5, 2014 9:18 AM
    billyteex1 billyteex1 Jul 5, 2014 12:42 PM Flag

    Ate there once, threw most of it away. They are pushing the 1/2 price shake things. I do have a friend that likes their pretzel hot dog bun. They advertise a lot.

  • Reply to

    CDTI added to Russell MicroCap Index

    by dbtunr Jun 13, 2014 7:57 PM
    billyteex1 billyteex1 Jul 5, 2014 12:35 PM Flag

    I think spandex is the most delusional one on these boards. Would like to know the real story about the guy. Not the one he wants us to believe. How can one guy get it wrong so much. Sells CAMP before it runs up, sells WG before it runs up, pumps CDTI and it tanks.

    I offered spandex the opportunity to show us the trades. He runs from that.

  • Reply to

    SEC 4

    by billyteex1 Jul 3, 2014 11:14 AM
    billyteex1 billyteex1 Jul 5, 2014 11:24 AM Flag

    You retired from the markets, because you are broke. Look, you bash CAMP and WG, two winners, then you pumped CDTI. You have been bleeding money according to your posts. Selling prematurely stocks that went up and buying a stock that fell hard. No way have you made a dime in the short period I have known you. But you are welcome to prove me wrong, by showing us the trades.

    Easy to claim after the facts things spandex. But your posts never add up. You are losing bad in these trades and you know it and I know it. I give you actually too much credit here, you never owned these stocks that went up. Did you? You are a paid basher and pumper. A loser making a few pennies posting on message boards. You learn a new term and you apply it in your posts. Anyone successful in the markets, hasn't the need to tell others. Only insecure losers brag 24/7 about themselves. It's call compensating.

  • Reply to

    SEC 4

    by billyteex1 Jul 3, 2014 11:14 AM
    billyteex1 billyteex1 Jul 5, 2014 11:12 AM Flag

    Would they not have to announce this as a grant? If you pay nothing for the stock, then you incur a tax bill. Nothing is free with the government. As soon as you exercise these shares, you incur a tax bill. Your basis becomes the share price that day, for future tax basis. But the day you are granted/exercise, you owe taxes.

    Not free...if insiders have been given a grant of 534,000 shares or so. THEY OWE TAXES. Go on a game show and win the PRICE IS RIGHT grand prize. You owe taxes, in fact most contestants that win on that show, don't take the prize, because the taxes they would owe. Same here. I see insiders getting a tax bill, not selling the shares to cover the taxes portion as very positive news. Look at the two insiders...they get near 80,000 shares for zero cost. That is almost $1M in valuation. Since this is all treated as ordinary income, they owe maybe $330,000 in taxes. Did they sell it to cover any of the taxes?

    Only reason to not sell and pay the taxes, is that you think it's going much higher. You reach in their own pockets and pay the taxes. If you get something for nothing and owed taxes, wouldn't you sell it and pay the taxes with the profits? Sure you would, unless you thought holding was the better option. Here's my math, crude but within reason:

    Insiders get 534,000 shares at near zero cost:

    Taxes owed on it $2.1M

    They have sold to date 54,000 shares to off set the taxes:

    $648,000 worth

    Taxes owed by insiders out of pocket:

    $1.5M approximately.

    That sounds Positive to me.

    Here's something else to take into account. The timing here, is the real question. I believe we are headed to the $50+ range. Now if insiders also believe we are headed much higher and you have these granted shares, would you take advantage now or later? Now, because any later the tax bill becomes even higher, if the market price is higher. The CFO who is really on top of the tax headaches, he's the one involved here.

  • Reply to

    Value and assumption

    by pvctbeliever Jul 3, 2014 10:03 PM
    billyteex1 billyteex1 Jul 5, 2014 9:32 AM Flag

    Usual stuff? First Melanoma approval will take 3+ years. From the date they start the trial, enroll and finally get an FDA maybe approval. You leave out that this trial is directed at a very small subset of melanoma patients. Maybe something like a $50M market potential. Liver trial, has enrolled 8 patients so far. We haven't seen the actual abstract as of yet. Funny how they hide the abstract from AACR, then from ASCO and how they always have an excuse.

    I feel for some of you. But you have been making excuses for everything. You ignore insiders scamming the system, you ignore they knew they had no chance with BTD. You ignore that the melanoma trial ph3 is 4 years overdo.

    How many drugs have you ever seen that had to look to India and China for help? I cannot think of a single drug that had to go this pathway to get a partner. But with all the experts on this board, I'm sure they can real off 10 drugs, just off the top of their heads.

    We have come a long way from melanoma approval for the masses. Now the same pumpers want you to forget what they pedaled to these boards earlier. Forget that they were completely wrong here, but at the same time follow them over the next cliff. Here's the only math we can assume is real. That 210 patients in the ph3 will cost $75K each to move forward. That cost is just shy of $16M. This doesn't account for the 3 years of insider salaries and other expenses associated with the barn. The lawsuits will have to be settled also. Would any large phama lawyers allow them to get caught up with this.

    Well you listen to the same investors who made claims of BTD-AA at the type C meeting. Wait those guys have run and hid. Today you are left with the real immature longs who now claim "usual stuff". Used car salesman selling you a broken down drug. You cannot make this stuff up.

  • billyteex1 by billyteex1 Jul 5, 2014 9:08 AM Flag

    Why would they exercise and hold? First they incurred a huge tax bill, that they must reach in their pockets and pay. Now if I were them and had little faith in the company, I would exercise, sell and pay the taxes with proceeds. But these insiders are exercising, holding most of the shares and paying the tax themselves. Some insiders have also gone into the markets and bought shares.

    Here's the facts 534,000 shares have been exercised and 54,000 shares only have been sold. So insiders have bought net 480,000 shares. This company is going to grow fast, with all the regulations and infrastructure, they have position themselves to take advantage of it.

  • Reply to

    41 days

    by oechman Jul 4, 2014 2:02 AM
    billyteex1 billyteex1 Jul 4, 2014 7:31 AM Flag

    Kd,

    Some data is already baked into the share price. The key here is delivering on data from Rayadee, then ph2 data from the pipeline then gets factored in with a higher valuation. Right now the pipeline is our backup stuff. It's the stuff you want seeing behind the scenes. The additional building blocks to one day take this to the $100 a share range.

  • Reply to

    SEC 4

    by billyteex1 Jul 3, 2014 11:14 AM
    billyteex1 billyteex1 Jul 3, 2014 1:24 PM Flag

    Two insiders buy 80k shares and immediately have a tax bill of $315K for exercising these options. What do they do? They hold all these shares, owe the tax. Does that sound like these insiders know this is going much higher? They will probably hold these in hopes of capital gains treatment in the $70's. That's my suspicion. They nail a cross line pipe job in Canada and with all the other stuff going on. This will rocket to the $30's quick. Then the dolt like you will finally realize what you left on the table.

    Here's my prediction in three years. They hit $4B in revenues, have GAAP earnings of $3.85 a share, a PE of 24 (equal to Matrix) = $92 share price. Billy cashes out, buys spandex a milkshake and they laugh about how stupid you were.

  • Reply to

    SEC 4

    by billyteex1 Jul 3, 2014 11:14 AM
    billyteex1 billyteex1 Jul 3, 2014 1:12 PM Flag

    29 cent profit x 4 = $1.16 for the year. A P/E of 24 puts this at $27.84 a share. Yes that would explain why insiders are willing to pay 33% tax on options, they expect to make 100% profit on them. Poor little spandex, in your haste to post, you always seem to hang yourself. How low is your IQ? Watch and learn. Well watch...you never learn.

    Never have I met a bigger loser than you spandex.

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