This is topic GWGO .0008 Running on financing and spin off news! in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
Great West Gold, Inc. - Funding Secured 9/16/2005 7:00:31 AM Company Confirms That It Has Secured Additional Funding
NEW YORK, Sept 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- Great West Gold, Inc. ( GWGO ) has secured additional and sufficient funding from various thirds parties as were required by the Company to meet its obligations to create the new two OTC Mining Companies, the shares of those new Companies to be distributed to the Company's shareholders. The Company now has sufficient funding in order to consummate all of its planned acquisitions and to fulfil its promises to its shareholders in respect of the promised restructuring of the Company to "unlock" significant value for its shareholders.
This funding allows the Company to immediately consummate the acquisitions as previously announced. This funding is unsecured, interest free with no fixed terms of repayment. The third parties who advanced this funding may at a later date agree to convert these loans into restricted shares of the Company's Common Stock.
UNSECURED LOAN NOTE :-
St James Capital Holdings, Inc. which holds a Loan Note from the Company in the amount of US$1,500,000 is assisting in these transactions and has agreed not to demand a conversion of this Loan into restricted shares of the Company's Common Stock at this time.
UNSECURED ADDITIONAL LOAN :-
The Company is indebted to Sloane Holdings Limited ("Sloane"). Sloane has agreed that this funding to the Company is unsecured, interest free with no fixed terms of repayment. Sloane may at a later date agree to convert these loans into restricted shares of the Company's Common Stock.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.
About Great West Gold, Inc.
Great West Gold, Inc. ( www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona. Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
Great West Gold, Inc., +011-270-21-423-2920, investor@greatwestgold.com
Posted by rickpic on :
.0008x.0009 looks like a break-out play to me!
Posted by rickpic on :
Looks like they blocked it @.0009 and the .0008's are getting eaten! Hoping for a discount on what could be panic selling on the way back down!
Posted by rickpic on :
Man this thing may just get a second wind and run higher!
Posted by rickpic on :
Looks like its blowing through .0009 but .001 is loaded to the gills and that should stop this run in its tracks!
Posted by futurama08 on :
.0009 is gone! .001 is quite a wall.
Posted by matto on :
wow look @ volume this is flying good find
Posted by kcaz007 on :
saw it at .0006 on Wed when they put out another news! Its been such a junk stock that I didn't bring it to the board! That wall at .001 is huge but if it comes down this stock is gonna move real fast!
Posted by rickpic on :
The place to buy this is @.001 but not unless they get it down to 2-3 MMs then it should break out higher! Otherwise this is donna retrace back to .0006x.0007 later today! Should be interesting to see which way they take it!
Posted by pick em low on :
why do these people insist on selling at .001 the stock is moving... smart people would pull thier ask to not show such a huge wall... it just scares everone off and prevents them from selling at .001 anyway.... sheesh.... no one knows how to build momentum
Posted by futurama08 on :
2 trades at .001 ... starting to crumble
Posted by pick em low on :
Fluck you you Etrade loser.... get off .0009
they're buying over you at .001 anyway ya putz....
Posted by rickpic on :
the top of the L2 above .001 tells me its done! It jumps from .0011 all the way to .0025 which tells me even the MMs are saying its done @.001
Posted by pick em low on :
you too schwabb! shoooo fly!
Posted by rickpic on :
watch it close because it looks like there gonna give it a run at those .001's
Posted by pick em low on :
yay bid .0009 you madman ric.... buy some more..... LOL
GO AWAY ETRADE!
Posted by pick em low on :
good a 5 million and 6 million buy at .0009
are ya happy now chimp-chump? you probably could have sold at .0011+
Posted by rickpic on :
takes balls to play anything in this market!
Posted by rickpic on :
Man if they get this above .001 the sky is the limit, but there has to be 40-50m shares sitting on the ask at .001 right now!
Posted by futurama08 on :
>the top of the L2 above .001 tells me its done! >It jumps from .0011 all the way to .0025 which >tells me even the MMs are saying its done @.001
what does "its done" mean?
Posted by futurama08 on :
I got in at .0009 for 1 mill shares. At first the .0009 was all you saw on the L2's then the .001 now you start to see things after it. I think at this rate it will break it within the next hour
Posted by rickpic on :
yall gota know I'm just a spectator at this point!
Posted by pick em low on :
some one needs to step up to the plate... with their balls.... and buy at .001 only .0001 away of a 10% gain at .0011
Posted by pick em low on :
ya early enough in the day to break .001
Posted by rickpic on :
>the top of the L2 above .001 tells me its done! >It jumps from .0011 all the way to .0025 which >tells me even the MMs are saying its done @.001
what does "its done" mean?
It means I wouldn't buy it @.001 unless there are only 2-3 MMs left at that ask! Then it could break out higher, but we are talking huge risk up here at a 66% gain already today!
Posted by futurama08 on :
rickpic: Ah okay. I mean, I am watching it right now and the L2's just show the .001 falling. There are MM's sitting at .0011. Just need a couple of big buys
Posted by pick em low on :
33 66 tomatoe tomaato get 1500% then I'll be happy.... like ATEG
1 less MM at ask .001 now but 1 less at bid .0009 too
Posted by pick em low on :
ooooooo 5 MMs on bid 8 on ask with little trading.... people are just canceling their .001 sells finally yay
cept they're only raising them to .0011 dopes.... should be .0013 .0014 .0015
Posted by rickpic on :
Its looking better by the minute!
Posted by pick em low on :
7 and 8 now
need 7 and 7 and we'll have a profit cocktail ! ! LOL
Posted by pick em low on :
.0009 is solid now for the day a lot of buying there.... not much at .001 it just kinda blew through it
Posted by rickpic on :
That it did 11.11% gain from .0009! Nice
Posted by futurama08 on :
Little technical resistance til' .0025
Posted by J3 on :
Do you think the run is over or can we expect to get to .0012?
Posted by pick em low on :
no clue.....
Posted by Chadsly on :
Run run run ... buy buy buy!
Posted by J3 on :
I don't have L2 qoutes but it looks like the asks are getting more trades then the bids.
Posted by rickpic on :
If you bought below .001 you should probably be taking your principal and play 10-20-30% free shares is what now!
Posted by futurama08 on :
(I have L2's)
It seems like the MM's at .001 just moved to .0011. So now we are in a tug of war between .001 and .0011 -- they really don't want this thing to explode. It seems like if we can break the 8 MM's at .0011 we are set from there for a nice run. But that might be harder than it sounds.
I got in for a mill shares at .0009 and so far am holding on
Posted by rickpic on :
Hope you guys were listening!
Posted by futurama08 on :
They just brought ask back to .0009 and the bid to .001...can't let it run apperantly
Posted by pick em low on :
Fake sell of hardley any shares traded
Posted by Chadsly on :
Guess that's it.
Posted by Chadsly on :
Run Run Run ... Buy Buy Buy
Posted by futurama08 on :
Nah, this still has power to move. I think a lot of people were caught off guard and are trying to get in. There seem to be no real walls on the ASK side anymore as there was earlier this morning.
Posted by pick em low on :
gimme a break can't anything just stay up there?
Posted by kcaz007 on :
Dips occur, just watch it.
Posted by pick em low on :
see bid right back to .0009 loser MM's
Posted by futurama08 on :
There has not been this much volume in >1/2 year. Something is going on. The wall's are thinner and is building support where it wasn't before. Just need a bit more of a push.
Posted by pick em low on :
slowly the panicky .001 sellers are raising thier asks back up to .0011 raise them to .0015 like a man!
Posted by rickpic on :
pick em and futurama
you guys need to learn to take the profit they let you have! No one stock will make you rich, but many small gains will grow your portfolio
Posted by rickpic on :
the stock I'm watching right now is USXP because its due for a run! All it needs is a PR with substance!
Posted by pick em low on :
that stock stinks like PCCR
Posted by pick em low on :
ya I should take profit more but it screws up the runs...
profit schmoffit I want it all LOL
woooo bought a new video card for my PC anyone wanna buy a GeForce4 Ti4400 cheap?
Posted by futurama08 on :
NITE just joined the party...
Posted by rickpic on :
Looks to me like GNET is buying a ton of shares short here! It was GNET that bought all of the shares @.001 to take it through that and now GNET is sitting with a bid of 9999 on @.0009 as well
Posted by futurama08 on :
I saw that too although not sure what that means, rick
Posted by futurama08 on :
Classify this as the dip?
Posted by pick em low on :
GNET is always a pain in the A$$
all naked short sellers should be shot anyway
Posted by rickpic on :
Pick em I played that get every once of profit out of every play game years ago and it cost me hundreds of thousands of dollars! Then I got smart and started getting out in the run and not waiting for the top! Every lil bit of bank adds up and make me more powerfull on the next runner. I've become a news hound, because thats what pays the most!!!
Posted by rickpic on :
The best info you could have here right now is at what price will GNET stop shorting and start buying back the short! Could be a blood bath while GNET drops it to recover the short for a profit here! Looks GNET is still buying @.0008 so that tells me GNET is not done shorting yet!
Posted by futurama08 on :
so if GNET wasnt there we would be increasing the PPS?
Posted by pick em low on :
quote:Originally posted by rickpic: The best info you could have here right now is at what price will GNET stop shorting and start buying back the short! Could be a blood bath while GNET drops it to recover the short for a profit here! Looks GNET is still buying @.0008 so that tells me GNET is not done shorting yet!
GNET is buying... so how do you figure they are shorting??
Posted by futurama08 on :
GNET just bumped up the bid...so many buys yet the PPS is not budging. Damn.
Posted by pick em low on :
Notice there was not one sell at .0008
that's good
Posted by pick em low on :
futuramer? don't even know her! LOL
time for lunch.....
anyone need computer parts let me know... I'm an expert bargain hunter
Posted by rickpic on :
Ok so I worded it wrong, but its very evident that GNET is exicuting buys without shares to cover them for there customers! Its not GNET buying its there customers who are buying and they are covering those buys with what I would call shares they will have to go find later! Thats a short and a very big short in the making! Maybe I'm wrong, but from experence I'm guessing I'm not!
Posted by futurama08 on :
So is a short good or bad, rick?
Posted by futurama08 on :
Because GNET is also on the Bid side at 0.001 .. so I am confused
Posted by pick em low on :
ric you're losing it if GNET and customers are buying, they are either buying or covering shorts... both are buying and move the price up.... if you're saying there was a big short position before today started then fine... they're covering now maybe and it pushes the price up.... or maybe they're trying to short more at .0009 or .001? who knows most of these shorts don't cover anyway cause they do that naked short crap.... I wish I could short OTCBB stocks, I'd be rich.... especially after reverse splits like PCCR... that stock reversed like 10 times in 5 years or similar, and each time goes back down to .0001 from like 5 to 10 cents... we'd be rich..... goddamn rip off companies... they should be jailed...
Posted by pick em low on :
ric likes to talk in riddles just to toy with us :-)
now let me go eat! :-Þ
Still no sells at .0008
Hey Ric, you're in my state... :-) north though...
Posted by pick em low on :
I'm gonna go to the raging bull boards later to see what they're saying....
Lick me GNET!
Posted by futurama08 on :
Noone left at .0009
Posted by futurama08 on :
Awsome, that's what I was talking about. Now there is a base at .0010... Let's have a breakout now
Posted by pick em low on :
GNET GNET go away... you're all losers, let us play
Posted by futurama08 on :
Looks like we're stalled at .0009/.001
Posted by pick em low on :
sold at .0008 break even to buy MLAR.... it moved too fast I could have gotten in at .037 but got the HOD at .047 oops we'll see
Posted by pick em low on :
sold breakeven to go to MLAR
Posted by kcaz007 on :
Should start to run at EOD
Posted by futurama08 on :
I took my mill shares out at .0009 for breakeven. should have sold at .0010 , quick $200... oh well
Posted by WinsumLosesum on :
Great West Gold, Inc. - Placing of Shares for Cash PR Newswire - September 19, 2005 10:43
Company Confirms That It Has Placed Shares for Cash
NEW YORK, Sept 19, 2005 /PRNewswire-FirstCall via COMTEX/ -- Great West Gold, Inc. (OTC Bulletin Board: GWGO) announced on September 16, 2005 that the Company had secured additional and sufficient funding from various third parties as were required by the Company to meet its obligations to create the two new OTC Mining Companies, the shares of those new Companies to be distributed to the Company's shareholders. The Company now has sufficient funding in order to consummate all of its planned acquisitions and to fulfill its promises to its shareholders in respect to the promised restructuring of the Company to "unlock" significant value for its shareholders.
ADDITIONAL AND FURTHER FUNDING:
The Company has today placed an amount of restricted shares of its Common Stock for cash in an initial amount of US$200,000, to an Investment Group. This Investment Group has the option until November 30, 2005 to acquire a further amount of the Company's restricted shares of Common Stock and up to an additional amount of US$800,000. The Company will not be filing a Registration Statement for these share issues and the Investment Group will hold these shares as restricted under Regulation 144.
This funding allows the Company to immediately consummate the acquisitions as previously announced. This funding is unsecured, interest free with no fixed terms of repayment. The third parties who advanced this funding may at a later date agree to convert these loans into restricted shares of the Company's Common Stock.
UNSECURED LOAN NOTE:
St James Capital Holdings, Inc. which holds a Loan Note from the Company in the amount of US$1,500,000 is assisting in these transactions and has agreed not to demand a conversion of this Loan into restricted shares of the Company's Common Stock at this time.
UNSECURED ADDITIONAL LOAN:
The Company is indebted to Sloane Holdings Limited ("Sloane"). Sloane has agreed that this funding to the Company is unsecured, interest free with no fixed terms of repayment. Sloane may at a later date agree to convert these loans into restricted shares of the Company's Common Stock.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.
About Great West Gold, Inc.
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona.
Posted by Fatso on :
quote:Originally posted by rickpic: the stock I'm watching right now is USXP because its due for a run! All it needs is a PR with substance!
It is "due"? Why?
Posted by matto on :
ON THE MOVE!!!!!!!
Great West Gold Inc (OTC BB) Chart Financial Analyst Insider Msg News Option SEC
GWGO 0.00 +0.00 +11.11% Vol:66,066,800 09/21/05 After Hours 0.00 UNCH 0.00% Vol:1,093,750 Last:4:02pm 09/21/05
Posted by Superbee383 on :
There's some news today on this one. Looks pretty interesting. Any thoughts?
Great West Gold, Inc. - Stock Dividend PR Newswire - September 23, 2005 07:00 Company to Distribute Its Shareholding in Windsor Resources, Inc.
NEW YORK, Sept 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Great West Gold, Inc. (OTC Bulletin Board: GWGO) confirmed that it is distributing its entire direct shareholding in the amount of 98,000,000 shares of Common Stock in Windsor Resources, Inc. to Great West Gold, Inc. shareholders of record as of October 31, 2005.
Windsor Resources, Inc.:
This company is seeking a quotation on the OTC Market. The Company is confident that this admission to the OTC Market will take place on or before October 31, 2005.
About Great West Gold, Inc.:
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona. Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
This release was issued through Major Newswire (http://www.majornewswire.com)
at the end of the release
SOURCE Great West Gold, Inc.
Great West Gold, Inc., +011-270-21-423-2920, investor@greatwestgold.com
================================ Great West Gold, Inc. - Restructuring Update PR Newswire - September 23, 2005 07:00 Company to Complete on Windsor Resources, Inc.
NEW YORK, Sept 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Great West Gold, Inc. (OTC Bulletin Board: GWGO) confirms that is now completing the sale of 49% of its owned subsidiary company, Western Gold Limited to Windsor Resources, Inc. The Company is disposing of its additional 51% interest in Western Gold Limited to a recently created subsidiary company of Great West Gold, Inc., Western Diversified Mining Resources, Inc. Western Gold Limited controls the "Bouse" Gold Mining Project in Arizona.
Western Diversified Mining Resources, Inc. will remain as a wholly owned subsidiary company of Great West Gold, Inc. at this time.
WINDSOR RESOURCES, INC.:
This company will obtain a separate quotation on the OTC Market as soon as is possible. It is intended that this Company will raise additional cash to develop this Mining Property. All of the shares in this Company will be distributed to the shareholders of Great West Gold, Inc.
SHAREHOLDING STRUCTURE OF WINDSOR RESOURCES, INC.:
Western Diversified Mining Resources, Inc. will hold 102,000,000 shares of restricted shares of Windsor Resources, Inc. ("Windsor") These shares will remain under the control of Great West Gold, Inc. at this time. Great West Gold, Inc. will hold a direct interest in Windsor in the amount of 98,000,000 shares of Windsor restricted Common Stock. These shares will be distributed to the shareholders of Great West Gold, Inc.
The balance of the shares in Windsor will be held by a number of external investors and by Management of Windsor. These shares are being issued by Windsor after the acquisition of Western Gold Limited by Windsor. This will result in a dilution of Great West Gold, Inc.'s interest in Windsor.
RATIONALE:
The Company has for some time recognized the fact that its dismal share price performance required a major corporate restructuring and to this end, the Company has examined countless possibilities to unlock value for its shareholders. The rationale was a "Reverse Split" of the Company's stock coupled with a financing of the Company would not be in the interests of shareholders
ACQUISITION:
The Company will now be immediately acquiring interests in another industry sector, which will result in the Company entering another business sector.
NAME AND TRADING SYMBOL CHANGE:
The Company will shortly be effecting a change in its name and its Trading Symbol to reflect the acquisition.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.