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Silvercorp Metals Inc. Message Board

jwtechy 37 posts  |  Last Activity: Jul 4, 2014 11:27 PM Member since: Nov 15, 1998
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  • They are a legit business, and they clearly came to the US markets for funding, but they clearly don't give a sh.t about the US shareholder.

    This continuous stream of purchases of assets with shareholder funds could have been viewed as positive and savvy, but with this latest release I have no choice but to agree with the "scam" statements made by the bears.

    You buy from a seller a what ever for a fix amount in shares. 18 million bucks, regardless of the price of the stock. Then you lease the equipment back to the seller for a monthly amount, then at the end of the term you give the machine back to the seller?

    That is the us shareholder being #$%$'ed by both buyer CREG and seller, who ever.

    Not only is there no legit market left for these securities, the company seemingly intends to pillage and rape who ever strays into long positions on this stock, until the last nickel is extracted..

    Wow. Love those after the bell SEC filings before 3 day weekend holidays...
    jw
    p.s. this is not worth a swing trade as you can't sell the same way you can buy. They will make as many shares as you like on the ASK, but selling them doesn't happen quite as graceful.

    I don't even think the DTCC requires naked supply to be covered for these foreign pieces of paper that suck down your hard earned dollars. I'm out of this for good at this point. The system is broke.

    Sentiment: Strong Sell

  • Two enter a two year agreement to sell a stock for $1.75, two years ago, that they had to watch climb over $6 bucks, must have been a bit painful for them. Having seen the potential and because volume is back to normal, my guess is Carlyle will team with Christensen and the company to increase the value of the shares.

    I think we should hear something soon to set the directional tone of the shares.
    Not the best short at these levels me thinks...
    :-)
    jw

    Sentiment: Strong Buy

  • CREG bought a company with 8 Million shares, in lieu of cash, and the buyer cashed out...I think this may lean more towards a bear trap then a bull trap at this point.
    I'm re-entering at current levels.

    I don't believe retail absorbed 8 million shares. They definitely bought the 6 million $6 price levels, but this smells like smart money helping a company "seller" with liquidity. Today's fluff piece suggest a few shorts may be exposed at these low levels. So I'm back in.

    Good luck...
    jw

    Sentiment: Buy

  • jwtechy jwtechy Jun 26, 2014 12:44 PM Flag

    Hitting thumbs down does not NOT make it so. They need lots of retail participation to unload this number of shares.T he volume spikes of late will either drip the price down slow, or if folks wake up, rip it down fast.
    Either way, heading for the exits on this is not a bad plan.

    And oh by the way Cramer's PR has more issues in terms of financials. The company never said the financials were so hot, they said they are still on course, and we don't know why the stock has done what it has done.

    So you can ad IGNORANCE to their other non-winning attributes..

    Fool me once, shame on you, fool me twice? Not happening..
    jw

    Sentiment: Strong Sell

  • You would think somebody would try and prop this up until the shares are all unloaded.
    This looks like after the retail gorge, the time it will take MMs to shake all those shares could be months. A slow drip shake for maybe even a year, based on the action after the last 6 Million share pump day at $6.

    High volume share pumps at $2, can shrink pretty significantly on the slow drain side. wow.

    Waiting on material developments...

    jw

    Sentiment: Strong Sell

  • Reply to

    Been here before....

    by krill66 Jun 25, 2014 8:58 AM
    jwtechy jwtechy Jun 25, 2014 9:36 AM Flag

    Been here before indeed. Take today's news: "we don't know whats happening with our stock but things are ok here."..Well they floated almost the same press release a time before, but the conditions and the trading was very different.. Too many folks holding too many shares looking for an exit this time around. Instead the company could have said hey this stock is a value I'm going to buyback half the float with a 0 percent loan from my favorite sovereign bank...That would make a statement. All the current statement does is send up twice bitten red flags. Yet with double the outstanding authority they can crank out as many shares as they like for what ever they like.

    I think the company has yet to prove itself and the stock is a casino, broken and battered in search of greater fools.

    If you get enough bounce, it may be an exit opportunity. If you are still holding from significantly higher levels, sell it all and buy some closed end bond fund.

    fwiw,
    jw
    FD, I have no position, was once a long advocate.
    And by the way, I'm always open to material developments that would create a real turnaround situation, and these kinds of press releases are not that.

    Sentiment: Sell

  • jwtechy jwtechy Jun 24, 2014 3:34 PM Flag

    in a recent SEC filing...I have a post on here the day it happened. One after the 8m share one

  • You took your eye off the ball assuming you are legit. You had a market for your shares evaporating from a retail perspective, yet you doubled the authorized shares, and paid suppliers with boat loads of shares, and now Carlyle the big supporter back in 2007/8/9 is stuck.

    The good news is this could go to pennies, and if you are a real company, maybe then you will support your own stock, with buybacks in the open market. All take and no give makes CREG a deadly boy....

    jw

  • jwtechy jwtechy Jun 24, 2014 2:36 PM Flag

    This deal got cancelled. So Carlyle is stuck with the 12 Million shares it sold 2 years ago to Great E.
    Time to fire Christensen.

  • Reply to

    Who exactly is selling today?

    by wisult Jun 24, 2014 1:08 PM
    jwtechy jwtechy Jun 24, 2014 2:32 PM Flag

    This would not be Carlyle. They need to find another big sucker to swallow their load. This is more like the bloke who got paid 8 Million shares for services rendered. He is watching his payment evaporate and is getting a bit nervous. Wait until 8 million shares plus have traded, then gamble.

    fwiw,
    jw

  • Ok folks, they might as well fire Christensen or what ever their name is. It was bad enough they issued 8M shares 3 days ago, in lieu of payment for services, but today's filing is the nail in the coffin in my opinion.

    This stock is essentially broken from a volume perspective. And on top of this you add 8 million shares to a motivated seller, then Carlyle fails to unload its 12 million shares to its buyer from 2012 (today's sec filing).

    This leaves Carlyle free to start dumping its 2 years in the making lack of desire to own CREG,

    This is a bad sign. CREG needs serious institutional buyers, not folks who back out after "closer inspection maybe?".

    I'm down grading my all ready downgraded position from TRIM to EXIT.

    Let the big holders find a market for these shares. Until then, caution is advised.

    At the end of the day Mr market is the only arbiter.

    good luck,
    jw

    Sentiment: Sell

  • jwtechy by jwtechy Jun 13, 2014 11:45 AM Flag

    Ahead of July's $1.75 sale. Who will own the 12 million shares and what will they do with it is a serious question at this point.

    Since this is traded by mostly machines these days with very little volume the near term impact is nil. But the company has its work cut out for it in finding new institutional buyers that can embrace the confused business model.

    I would buy more if they started paying a dividend, but that's probably not what they came to the American markets for...

    We'll see...
    jw

  • jwtechy jwtechy Jun 12, 2014 4:40 PM Flag

    It would be interesting to know the answer to the same question: but the inverse:
    So to the guy who "short" when TVIX was 12000 a couple years back: Well do we cover and $11999 or hold our short for a few years? Ok, a couple days? A couple weeks, months?
    ----------
    When you are long from the bottom, following the inverse of a multi-year market run, that could see a multi-year correction, why would one cover THE NEXT DAY!
    wow,
    jw
    .p.s. a reversion to the mean, puts the VIX into the 20's. A progression of the current real deterioration in the economy could push the VIX back to the 80's...I wonder how many 1000 percent move that would be for TVIX?
    .p.s.s. debate away, but it sounds like a near term investment to me...

    Sentiment: Strong Buy

  • This is looking like a bottom fishers dream right here, at a multi-year low.
    This market is worse then a house of cards. I'm looking for VIX to break 10, to go all in on TVIX.
    Then just wait, if need be for years for the black swan. A reversion to the mean with no event at all sends this up at least 300%. Not a bad plan. Contango can change with one black swan. Which then accelerates the return. Heading back to 12000 lol...

    fwiw,
    jw

    Sentiment: Strong Buy

  • is the news... we want to hear...
    lol
    jw

    Sentiment: Strong Buy

  • Reply to

    June 19 Voting on Doubling Outstanding Shares

    by mansoniam May 30, 2014 5:54 AM
    jwtechy jwtechy May 30, 2014 10:50 AM Flag

    Not worried. They hold too many shares as insiders to be concerned with self-dilution, so think business as usual with a growing company that may need more shares for anything from normal business operations to acquisitions. And by the way, they double the legal limit, it does not mean they double the actual shares. It's a mother may I, move.
    fwiw,
    jw

    Sentiment: Strong Buy

  • With their revenue stream, and the fact that the client pays back the cost of construction, whose money source is sovereign backed bank loans, the company is quite solvent.

    Meanwhile, shareholders holding the stock could actually head toward insolvency.
    Insiders and institutions have a large share of the outstanding so at some-point they will defend the decline,
    I think...

    Mr market is taking a disproportionately large share of this stock, in conflict with fundamentals.
    I would advise management to initiate buy backs at these levels or defend your stock, or pay dividends.

    fwiw
    jw

  • If your new PR firm has not attracted new institutional interest, then the royalty revenue should be mostly income to shareholders.

    Growth in earnings will accelerate as you complete deals. We understand this. But if you are not a growth company, you must become a dividend play, or why should anyone own your stock?

    Pay 4 or 5 cents in dividends.
    Period.
    jw

    Sentiment: Hold

  • Reply to

    being long of creg

    by stockgangster May 23, 2014 12:39 PM
    jwtechy jwtechy May 23, 2014 1:11 PM Flag

    what does the dark room and objects do for your scenario?
    You have any more Chinese articles for us to read?
    lol
    jw

    Sentiment: Strong Buy

  • Shorty loses its backbone real soon.
    What will be left when precious metal prices float to true value?
    hmmmm.
    Follow George Soros into PMs...
    fwiw,
    jw

    Sentiment: Strong Buy

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