Except when your currency hedges are going the wrong way. Mr. Marrone already said they wouldn't be renewing any due to the USD.
I think 2x net worth is more than generous, if/when gold reverses and marches back to $1500+ AUY will be all in cost per ounce perhaps under $800.
Not trying to stalk here, you're just raising interesting points. I would say, if the author is to be taken serious that Fed Reserve has sold out the United states to the banking system and really sold off all its gold by 2011, then why would we even consider the possibility that GLD can actually produce the bullion either?
Even $0.045 is unattractive until I see the Q2 report. Good thing I cancelled the transfer yesterday
Nope. Huge head fake coming in September. No way the banks will allow it. And that's bad for oil too, won't happen.
So how long does AUY hold out before going on a real buying spree? Gold $950? How much would they have to acquire to become the biggest player?
By the end of the next Q, GS had substantially reduced its holding. While I expect some manipulation anymore these days, what really bothered me was in tracking institutional holdings. After GS reiterated the sell, many pension funds dumped the stock, which GS happily purchased. No doubt in my mind those funds had been holding NOK since at least $20 collecting dividend and not realizing capital loss on the position. Until GS decided it was time to loot the piggy bank.
When GS reiterated a sell on NOK stock at $3/sh that helped push NOK to under $2, it was revealed at the end of the quarter that GS had also *doubled* NOK holdings to 120M shares, the single largest institutional holder of NOK.
When questioned, GS stated that their trading division does not interact with their research division.
You mentioned something about brashness?
Yessir. Even my 30,000 at 0.0666 are a big ouch. I almost bought another 70,000 today for 0.0499 but I cancelled the wire. Beyond irresponsible. If Titus runs and hides from the Q2 report like he did the Q1 I think I'll have plenty of tax loss appetite this year.
I am not convinced Dr Titus had nefarious plans, I do believe he is taking out the trash.
Has to be PhytoSPHERE looking at CANV 8k.
I think MJNA just defaults on the promissory note which triggers all the CANV shares held by Phyto to go back to CANV, so that means I believe, 1M shares covering $600,000 of settlement payments, or $0.60/sh of CANV, but weren't the shares previously booked at $6?
I have no clue how to unwind this and I believe this means we will not be getting Dr. Titus on the phone for an earnings call for at least another few quarters until this is all weeded out. I feel like he is taking out the trash but my god if sales are down again at HempMeds in the Q2 we could really be in trouble.
I find it interesting, I am wondering if the thumbs down are from other Americans finding my monetary policy absurd, or, if it is more-so foreigners not liking this suggestion. I'd say overseas partners except they are not partners, they are trying to bankrupt and shut down our fledgling industry.
I think with a dual mandate for employment the Fed has to look at supporting oil prices and can do so easily with monetary policy. Everything else is manipulated, how about we do it to keep a few million jobs from evaporating?
Unless Dr Titus caps the authorized shares down to the current float I don't think we will see $0.20, we're going to be priced assuming all 5B shares get floated, so $0.20 means a $1B market cap. Months ago, when I was asking and hoping they would cap the authorized shares down to the current 1B float, we soon got the Kannaway deal that diluted us almost 2:1 and we still today aren't clear as to that valuation.
No mention deal is backed by PhytoSPHERE holdings of CANV shares being pegged at $0.60/sh value, only refers to "third party" and MJNA will not be paying anything. Didn't those shares carry a $6 value or something like that? I am so confused with the whole mess.
Mjna has right to early pay but all this vast detail about late penalties and securities I don't really get it