Most people on this board are probably hoping you are correct, but most are also tired of your never ending condescension, regardless of how often you are proven wrong. A little humility would go a long way to restoring credibility. But now I digress, because that is as likely to happen as moly hitting $20 tomorrow.
Talk about a whimper and not a bang! If you were asked to guess how many shares would trade on an issue with 221M OS, that lost 90% of its value over the course of a year, you'd think it would be in the few billions, easy. No?
You're right about Nortel. But Enron wasn't Canadian nor were a host of other high profile criminal enterprises. But all of those did not amount to a drop in the ocean of what was to come in 2008, an injection of toxic assets into the global economy, orchestrated by WS, that almost destroyed us, and did destroy the prospects of a bright future for millions of families, and 10s of millions more around the world. How many of those guys are serving time? Most are 10X wealthier than they were in 2008.
He is not the cause of America's great divide, but he did nothing to help, that's for sure, even though he had the mandate. It's too bad, time was right for a transformative president, that's really what the people voted for, most of them anyway. He wimped out. But what I mean is his global moves. Cuba, finally! And Iran, which if not sabotaged immediately after the next election, will prove a very smart move. Pivot in the ME has to be to the sane. That's not Saudi or the gulf states, it's Iran. They are the only real country in the Gulf region. Educated, young, high rate of working English spoken, relatively secular in spite of the trappings, always western in orientation and getting more so. Listening to the MSM, you'd think Iran was stuck in the dark ages, it is not, and more importantly, Iranians are not. Saudi Arabia otoh, dark ages were enlightened in contrast. There is no future there. What the Saudis fear (along with the Israelis to a lesser degree) is true, there is an American pivot to Iran in the region, it's the logical step, for American interests, both business and political. Israel will never have anything to fear from US normalization of relations with Iran, they just don't like it. Saudi has much to fear, because the strategic value of oil is lessening along with its price. Yeah, yeah, I'm nuts, but Iran, if it too isn't destroyed by insane US and western policies going forward, is the future of the ME.
Kind of weak volume considering the shellacking. Could go back further and see the same kind of pattern.
Moly was more than twice what it is now when they did that. I don't think we'd be having this discussion if they hadn't. TC would be history. Might still be history, but that was a good move.
Appropriate, considering China uses the most, and often mines the most as well. Hedge fund shenanigans are less likely, considering anybody purposefully creating chaos will likely be executed. If that was the case here in 2008, they'd still be shooting 10 a day. But when the wages of savaging the global economy are a bailout and fines worth the tiniest, insignificant fraction of what was effectively stolen, why worry? Look funny at a cop, or less it seems, and you are shot dead and the country rallies around the murderer, particularly if the victim is black. But be one of the many responsible for the gutting of the middle class, the effective destruction of a life-time of savings, with the often violent disintegration of families that results, including suicides, and no hope for a decent education for the children; be one of those responsible for all that, and you are made whole again, and then as a bonus, FED induced fever gives you more wealth than you ever imagined. These people were not only enriched, but so much so that they are now dynasties. Their families won't have to worry about money for generations to come. And if you ask, they think they 'earned' it. Whither America?
I've never seen an active miner recover from these levels. I'm down to 4K shares at a big loss, but don't hold out much hope. Turning the ME into a cauldron of violence over the last 15 years was like chopping off a hand. A few hundred million people that no longer participate in a significant manner in the global economy. China can't save that. War is good for business, only if you are in the business of war. Everything else suffers. Maybe some day, America starts making decisions on a global scale that are good for America once again, but I don't see it any time soon. Obama's last 2 years are going to be his best, but far too little and far too late. After that, all possible administrations will immediately turn to doing the same to Iran one way or another, chopping off another body part. Congress, and the WH, especially the WH to come, are already bought and paid for. It's amazing really, cause all it took was some excellent organizational skills, corporate controlled MSM propaganda and maybe a few hundred million dollars to buy the most powerful legislative body and executive the world has ever known.
I get the feeling, backed by reason and logic, that this will require more patience than many of us had hoped was necessary. I would be very surprised to see any news, from the company at least, until the new year.
I doubt it, officially, as of last proper disclosure, there are currently 3 employees. All execs, I doubt they would be posting here. Or anywhere else. But, volume is up to 120K, price is $0.845, so maybe something is finally starting to shift.
Hope it means something....
What you describe is the reason IVOB did not hit $5 after FDA approval. If FDA came first, it would have, probably higher. They seem to put all their eggs into the US basket, hoping that traditional US leadership will help them hit the ground running, rather than wasting resources in foreign markets they little understand trying to get things moving. Strategic decision I think, but who knows if it was the right one, or frankly, if I am am even correct in my assumptions about their strategy. If I were you, I'd have the done the same and sold, I'm sure you did very well.
You might want to look a little closer to home when accusing countries and people of starting wars.
Russian-Turkish relations are and always have been strained, back to Czarist and Ottoman times. But yes, this situation is not dissimilar to the domino effect of treaties and alliances that resulted in the unmitigated disaster of WW1, which set the stage for the even more blood soaked century that followed. That war led to the collapse of European civilization just as it was reaching its zenith, it led to the Russian Revolution and Communism/Satlinism, it led to the rise of Hitler and Nazism, the slow disintegration of the British Empire, the immediate disintegration of the Ottoman Empire, the drawing of artificial borders for the disastrous ME we see today, the march towards a realized Zionism, everything! The assassination of the crown prince of a dying, almost irrelevant Austro-Hungarian Empire started the dominoes tumbling and it didn't stop until 20M dead, and that was just the introduction for the bloodiest century in human history. The only bright light here is that hopefully, leaders are wise enough to recall all that, and NOT march to war shouting "the boys will be home by Christmas". If Turkey does invoke article 4, it will be a test of just how seriously NATO and Europe regard Turkey as an ally. I strongly suspect they won't because Europe, especially Germany, is not going to risk everything, again! If they invoke 4, they won't get it and Turkey will be defacto excommunicated from NATO, and their dream of joining Europe will be at an end. Maybe it should be. They know this, and they will not invoke article 4. They won't be shooting down any more Russian jets either, strongly suspect they have been told in no uncertain terms by NATO (read USA).
A little brother would do fine right now to stop the slow decline :-). BTW, this is a slow decline on insanely small volume. There are 136M shares out there folks. Not sure what the restrictions are on any that were issued as compensation to get here, but I doubt there would have been any onerous restrictions. People aren't selling, not really. They aren't buying yet either. In a case like that, tie goes to the sellers and the SP comes down. Usually, an OTC Pink equity with 136M OS and recent FDA approval, awaiting an update on plan of action would be trading a higher volumes, as people jockey for position. Tells me the vast majority of current SHs are believers and they are not selling. That leaves an effectively tiny float of shares in either weak, transitional or agnostic hands, so volume is pretty pathetic all things considered. That's the rosy assessment, there's a darker one I guess, but I'm a believer still, just wish the process would pick up speed, as likely do most of you.
Because Iran brought down the towers? London subway, Madrid train station, Beirut, Ankara, Paris x2? Why exactly do the people of "downtown Iran" deserve to die in the 10s of millions? ISIS, Al Qaeda are Sunni extremists, Iran is Shia, they abhor each other. Do you know anything at all? About anything at all? "Downtown Iran" will be surprised to hear they are a city state. Before you order the strike that has them vaporized, can you tell us what language they speak in Iran? Without googling? Do you have children? Please say no.
So when the other cops at the scene are put on the stand and asked why they did not fire, what do they say? Usually when a suspect is surrounded by cops with their guns drawn and pointed, the first cop to fire, justified or not, sets off a hysterical chain reaction and they all join in. Many examples of this on video and thousands more not on video. In this case, that didn't happen, at all. The other cops must have stood there dumbfounded wondering what the hell he was shooting, and shooting, and shooting for. Let's see whether they actually say that on the stand. Something similar happened in Toronto a couple of years ago. Even worse in some ways. Sami Yatim, look it up.
I've had him on ignore for some time now. There is NO scenario in mav's mind that would NOT justify the shooting of a young black man. That makes him what?
I get the impression that most of the units used to date have been for trials or studies, so there won't be any revs for those. They have had approval in many other jurisdictions for years now, and if they were actively purusing sales and/or marketing there, we'd know about it, and they would not have gone silent. The US just has a way of blazing a trail that others will follow, so I expect the execs figured the best way forward was to hibernate, support the studies and trials, but to wait until FDA nod before launching in a big way, or accept investment or BO. I'm not surprised that we haven't seen anything from the company yet after the FDA announcement, but I am surprised we haven't seen any 'journalism', such as is these days, on the subject. Excepting that fool dragni, which is originally written in crayon then transcribed by an adult.
I'd call it the Lemming market, but that would be an insult to Lemmings, who don't actually do that. It's like WS just shows up with a big directional sign saying "dump your money here", and you do, and then they collect it and go home patting themselves on the back for a good day's work. Nothing honest, productive or in any way good for the country, certainly not good for the people fleeced, but they don't care. Obama's most terrible legacy really, and he was in a position to do something about from day one.