I'm pasting this post from amedaus from Aug 24, 2011 (over a year ago) because it's so funny to read.
I'm pasting this post from amedaus from Aug 24, 2011 (when the stock was $20+) because it's so funny to read.
By amadeus4153 . Aug 24, 2011 11:31 PM
"" Hey Shorty,
I have warned you before. But it bears repeating. You shorts are accustomed to having your way. But you have no idea what you are dealing with here in GORO.
You have likely never dealt before with a group of longs who are so intelligent, committed, well-informed and strong-willed. And you have likely never dealt with a management team who is so user-friendly and committed to the success of the company.
You all have a bulls-eye on your back. And that bulls-eye will be in the form of a successful execution plan by management. GORO has great ore grades, plenty of it, a low share structure (only 53 million shares), tight float (12 million shares or less), a regular dividend increasing as we go, high institutional ownership and high management ownership.
You are going to get destroyed. And we longs will be laughing at you when you scramble to cover. It WILL happen. The only question is when. ""
amedaus, be sure to tell us when we need to scramble to cover. now that the stock is at $3.00.
amedaus' bi-monthly short-report analyses were much fun. It was good for GORO when the short interest decreased and it was good for GORO when the short interest increased.
amedaus, can you please start these back up?
I remember amedaus claiming that the 5 million short shares couldn't be covered without driving the price higher. I tried to explain that shorts can cover while a stock implodes. Well, here we are. The short interest is down to 2 million shares. 3 million shares were somehow covered without driving the price above $20.
natasha teaches amedaus another lesson....
"" amedaus, tell us again how ALL special dividends are nontaxable! ""
Still waiting for an answer to this, amedaus.
"" amedaus claimed: "Although naked shorts do have a risk of having to cover, that risk is so much less than a regular short, it is generally well worth it for the naked short." ""
amedaus, admit that you were wrong to claim that a naked short has less buy-in risk than a short that procured borrow. You've been trying to duck this question for 2.5 years...
"" As I have been stating for years, accumulate under $3.50 and then be prepared to wait. ""
Actually, years ago you were telling people to accumulate under $20, barsolid.
I'm continuing to shine very brightly, amedaus. My strategy has been awesome and portfolio has performed very well. You don't understand how a portfolio can do well despite having one short take time to work. That's because you only ever buy one stock at a time. How is your middle school glee club teaching job working out for you? Is it providing you enough money to buy a few hundred shares of GORO?
"" you are backing off your claim of this stock going to zero. ""
I've never claimed that this stock is going to zero. Again, GORO can continue to dilute shareholders by selling stock for years. In these situations, stocks usually follow a natural log decay downward curve. If you were educated, then you'd know that natural log decays never actually reach zero even if they asymptote at zero.
Poor amedaus has gone off the deep end.
He's lying about me claiming that GORO would eventually go to zero. I've made it clear that GORO can stay alive a long time by continuing to dilute their shareholders by selling stock.
He's lying about me asking or begging people to short NFLX.
He's lying about barsolid being long GORO.
I think his complete financial collapse has caused him to have a mental breakdown. He probably hates the new job he was forced to get as a middle school glee club teacher. Sad...
"" Your losing support quickly. ""
Why are you attacking barsolid? He's long, too. What do you mean that he's losing support? Support for his long position?
"" You've been begging people to short the stock. ""
Ha ha. I never even asked anyone to short the stock - even when it was north of $30. I simply stated the case. I'm sorry that my refusal to cover what's left of my short position at $2 has upset you so much, but what do you care? Oh, I know, you need to try to save face somehow.
"" You said it's going to 0. ""
Ha ha. I never stated that either. GORO can keep diluting shareholders by selling stock for a long time. This means that the stock would never actually go to zero. It would just follow a natural-log decay curve downward.
"" It's very amusing to watch Barsolid support you. ""
barsolid isn't supporting me. He's just telling you that your efforts are counter-productive for you. Sadly, your pride won't let you see that.
"" Your old posts speak for themselves. ""
YES! They certainly do!! And now that I know you're reading this board regularly, maybe I'll quote many of your old posts. We can have so much fun with that, amedaus. Maybe you'll even go back to posting as goldbooger.
"" IPDaily has seen the light nad gone into hiding. ""
Ha ha ha. Says the guy that disappeared (and used fake screen names) while the stock fell from $17 to $2. Do you like being a joke, ameduas?
""I told you that GORO was a sreaming BUY at $2. She told you to stay away, and to even short the stock at that price.""
Liar. I didn't say GORO was a short at $2. I simply said that I wasn't going to cover. GORO can sell more stock to raise enough cash to stay in business. It might take a long time for their stock to drift towards zero. I wouldn't recommend initiating a short position at $2. But if the stock goes up much more......
YOU claimed that GORO was a buy at $25! Ha ha ha ha ha ha ha!
"" I said to buy NFLX at 17 a few years ago ""
Another amedaus lie. amedaus, why don't you use the screen name, goldbooger any more? Is it because you were telling people to buy GORO at $6+ prices using that name, so you know that the credibility of the name goldbooger is now ruined? I'm asking because the credibility of the name amedaus is pure garbage. You were claiming that GORO was a buy at $25+. You were claiming that the 5.5 million shorts couldn't cover without forcing the stock above $30 (that didn't turn out so well for you - did it?).
Meanwhile, I've been short GORO since the 20's and have covered 2/3 of my position as the stock tumbled. I really don't have anything to worry about.
amedaus, you never answered my question. When do you think GORO is going to dilute shareholders by selling more stock? They gotta keep paying that tiny dividend somehow, right?
Yes, my record is nearly perfect. There are a few anecdotal exceptions, but I utilize portfolio theory so those few exceptions haven't driven my returns.
Thanks for giving me the praise, amedaus!
Ha ha! amedaus clings to GORO as it falls from $30 down to $2, and then brags when it bounces up a couple of bucks. amedaus, I'm sorry you got wiped out by margin calls during the GORO implosion, I'm happy you were able to scrape together a few hundred dollars from your new glee club job, and I'm happy you've generated a couple hundred dollars of profit. That's all so great for you.
Question: When do you think GORO initiates it's next equity raise, and how much dilution do you think it will cause?
"" if your stupid enough to still be short this stock. ""
amedaus, your company is burning cash. The modest recovery in precious metal prices isn't going to help much. But by all means, buy more GORO as the price goes up. It's what you always do. Oh wait, you don't have any money left after you went broke due to your GORO margin calls, and I doubt you've had any time to save much from your new middle school glee club director job. Oh well.
Meanwhile, stocks go up and stocks go down as this company continues to bleed cash. The handwriting is on the wall. Not that it matters much since I continuously covered my short position from the high 20's as the stock fell. (Remember back when you said that it would be impossible for shorts to cover without driving the stock price up. I guess that was just another one of the dozens of things you were wrong about, right? Seriously, how did the shares short number fall from 5 million to 1.55 million as the stock plummeted? Have you figured that out yet?) What's now left of my meager short position can't move the needle on my large fund.
Actually, if you can keep pumping this stock price up to bubble prices like the good ol' days, then I can establish another good short position. Then we can really have fun on here, amedaus. Sadly, right now, this message board consists of 3x more spam that actual posts about GORO.
""" Available cash is 12.822 """
What a pathetic cash balance for a company that has been burning through cash for years. Remember back when the company claimed that it was only paying dividends out of "profits" until it turned out that their "profits" were really just gross margins.
Wouldn't it be fun if GORO was forced to do a PIPE in 2016? Heck, maybe they're stupid enough to establish an equity line of credit.
"" you own a $2 stock whose CEO just informed the world production will drop 20% this year after a drop of 25% in '15 and 20% in '14. ""
Was this one of the announcements that the shorts (most of whom shorted in the 20s) were supposed to be afraid of??? I'm so glad amedaus is back to provide this level of entertainment.
"" 50k ounces in '16 is horrendous…….and they'll be lucky to hit that given the awful grade, bare bones workforce and a consistent history of big misses. ""
I think you're right about this, IPDaily. The grades really are terrible. They'd be doing bad even if gold prices had never been crushed.
amedaus, you hate facts. The facts are my returns are awesome. My AUM is awesome. You insisted on putting all your eggs into the GORO and MXSG basket and got completely wiped out.
amedaus, you are hilarious. You're a coward that disappeared from this board and returned with different aliases over the past few years. You've only returned now as amedaus because you think you called a bottom. I'm so happy that you're back posting as amedaus since you can't hide your shame anymore.