This is topic SVXP Sovereign Exploration Associates International, Inc. in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
C.B. wreck hunters reveal treasures Riches worth hundreds of millions in waters near Sable Island
By TERA CAMUS / Cape Breton Bureau
MAIN-A-DIEU - A share of sunken treasure recovered off the coast of Cape Breton this summer was handed over to the province Friday.
Officials with Le Chameau Explorations Ltd., a treasure hunting company based in Cape Breton, delivered dozens of precious gold, silver and copper items, including coins, sword handles, silverware, crosses and pieces of ships. The items were recovered during the summer from several wreck sites off Cape Breton and near Sable Island.
"These wrecks are worth hundreds of millions," a soft-spoken Capt. Bob MacKinnon of Le Chameau Explorations said last week in his lab.
Nearby, staff and marine archeologists quietly and carefully packed the goods recovered so far for shipment.
The treasure was discovered in 2002 from an area that some treasure hunters have called the richest shipwreck site in the world.
Mr. MacKinnon said parts of Nova Scotia's coastline are among the richest in the world based on the number of wrecks, estimated to be in the thousands.
The province takes a 10 per cent share of all goods recovered from such wrecks. Le Chameau Explorations and its shareholders get the rest to sell at auction houses, mostly in Europe or the United States.
This summer's find included newly minted New England gold coins from the 1700s. The coins, the size of a loonie, were found near a French wreck containing gold coin lost in the 1800s when heading for Louisbourg.
Some of the gold coins, which glistened on the counter in Mr. MacKinnon's lab, are in near-perfect condition, except for a few dings along the edges.
While the coins are in good shape, time is taking its toll on other treasure, some of which is at risk of being forever lost on the ocean floor.
"It's a very harsh environment," Mr. MacKinnon said of the sea.
"Most sites are covered with heavy stone, some as big as this building. The sea can easily pick up stone the size of this building and move it."
Marine archeologist Duncan Matthewson of Florida said Nova Scotia's southern and eastern waters are full of wrecks because of the low shoal that follows the rugged shoreline.
"They can't survive very long," he said of the wooden vessels that wrecked in the harshest of seas.
"Every recovery tells us about the ship and the maritime history of the area. . . . Some sites are not just one ship, but there may be as many as three ships from different periods so we're trying to work out the sequence of events. . . . It's like being like Sherlock Holmes under water."
To continue its treasure hunting, the company plans to hire another 50 workers next summer to join the staff of 20, which includes many scientists like James Sinclair, the first archeologist to visit the Titanic when she was found.
Next summer, Mr. MacKinnon's company, along with American parent Sovereign Marine Explorations, hopes to get the green light from the province to begin searching several other sites as well, including that of the 1822 wreck of L'Africaine near Sable Island.
That ship arrived in Martinique on Oct. 17, 1821, and departed for France loaded with riches, mostly gold and silver bullion, at the time she sank months later.
They also plan to go after the wreck of the steamer ship State of Virginia, lost in July 1874, along with her sizable stash of gold and silver, some of which has already been recovered near Sable Island.
The team also plans to continue piecing together the history of Le Chameau - the ship from which some of this summer's treasure was recovered. The wreck of the French pay ship is mixed in with the remains of two other colonial-era ships, one of which was Le Triton.
Le Triton, owned by the Spanish, was captured with its riches when heading for Spain near Nantucket Island, Mass., on July 4, 1711, by the English frigates Kingston and Leostoff. According to historic documents, Admiral Hovenden Walker, commander of the British fleet, sent orders to not proceed to Britain with the prize capture but instead stay near Cape Breton to await orders.
Seven of 11 ships sent by the admiral to patrol Cape Breton that month in September were lost in storms between Main-a-Dieu and Louisbourg. Some of the goods sent Friday were positively identified as belonging to the Triton.
Among the wreck sites the company has pinpointed for recovery next year includes an area near St. Paul Island that's believed to hold rare gold coins and other precious goods stolen from the White House during the War of 1812.
"If we can get to it (the Washington wreck site) . . . items recovered below could go up over $1 billion in value," Mr. MacKinnon said with a smile.
According to historians, British forces in the war ransacked the national capital and burned the White House, but not before filling several of their ships with riches for the return voyage home.
Many of those ships heading overseas stopped in Halifax but were lost in heavy storms just south or east of the province.
CALI Cali Holdings Inc (OTC BB) 10/26/2005 1:29:46 PM ET
Realtime Quote $0.00 UNCH UNCH Refresh Quote
Press Release for Cali Holdings Inc
CALI Holdings, Inc. Signs Definitive Agreement with Marine Exploration Company 10/20/2005 9:20:01 AM ORLANDO, Fla., Oct 20, 2005 (BUSINESS WIRE) -- CALI Holdings, Inc. ( CALI ) announced today that it executed and closed under a definitive agreement with Sovereign Exploration Associates International Inc. (SEAI), a marine exploration company headquartered in Pennsylvania. SEAI, a privately held company, was recently formed through the merger of Sea Research, Inc., and Artifact Recovery & Conservation, Inc. As previously announced, CALI Holdings decided to strategically focus its business efforts on financing the recovery of shipwrecks that have cargo of historic, archeological and intrinsic value. SEAI brings executive management, skilled recovery teams, equipment and agreements for twelve (12) sites containing over 15 ships of historic, archeological and intrinsic value. CALI Holdings has applied to change its name to Sovereign Exploration Associates International Inc.
The agreement involved the exchange of SEAI stock for 90% of CALI stock and pursuant thereto SEAI became a wholly-owned subsidiary of CALI. The new management team will be comprised of key individuals from SEAI. Robert Baca and Curtis Sprouse of SEAI will assume the CEO and COO positions effective immediately. SEAI's web site is under development. Future announcements on the SEAI web site will address current site operations, artifacts recovered to date and future projects.
About CALI Holdings dba Sovereign Exploration Associates International, Inc.
CALI Holdings doing business as Sovereign Exploration Associates International, Inc. is a Business Development Company under the Investment Act of 1940 undertaking shipwreck exploration and recovery initiatives.
Posted by rickpic on :
ric is the tic. cali or svxp
Posted by rickpic on :
today its CALI tomorrow it will be SVXP
Posted by HossTrader on :
Hey rick, my favorites list got wiped. Can you post the page that shows ticker changes for the day? I have been trying to remember it, but keep coming up wrong. TIA!
Posted by rickpic on :
same value just name change
Posted by rickpic on :
correct!
Posted by matto on :
Do we expect pr from the new company in the morning?also wondering if this will move this puppy.I am very reluctant to go near this because i lost last time and I dont want to do it again!
Posted by WarpedMind on :
I like that they're changing their name... before, having the term "holding" in their name seemed too general... and when I did some research, it looked like they weren't very focused. With this new name change, they're showing committment and focus to a specific direction.
Posted by rickpic on :
WM
The company changed hands and its a new company all together!
Posted by WarpedMind on :
Gotcha.
Posted by HossTrader on :
I guess I should start posting on this thread instead. Why did so many mm's drop their ask to 0004 all of a sudden?
Posted by rickpic on :
they need shares to surrender to get the new shares of SVXP
Posted by rickpic on :
and they only have 53 minutes to get them! SQUEEZE! Posted by HossTrader on :
I guess I am confused. Wouldn't that mean they would be moving on the bid, and upping their ask? Lowering their ask makes it easier for them to sell, not accumulate.
I was expecting the opposite to happen!
Posted by rickpic on :
and you may still see the opposite happen!Keep you eyes on it! It could get very interesting as we get closer to the close today!
Posted by HossTrader on :
Hey it is already interesting! I just doubled up on this today since it was nice enough to hang out at 0004
Posted by rickpic on :
nice move HT and I do believe you got it at the right PPS! Posted by gohigh on :
I doubled up too. My .0003 still won't fill. Oh well.
Posted by rickpic on :
Of course it wont there are 13 mm's on the BID at .0003! Posted by servant_350 on :
i didn't get it yet ...Rick do u recommend buying now and at what price?
Posted by rickpic on :
YO-HO-HO and a barrel of PR! Posted by rickpic on :
If I were buying more right now it would be at .0004 because thats the only place I would get filled!
Posted by crockett on :
quote:Originally posted by rickpic: If I were buying more right now it would be at .0004 because thats the only place I would get filled!
Yea I couldn't resist I just put in another order for 500,000
Posted by gohigh on :
Looks like your 500,000 just filled, Crockett.
Posted by dp2002 on :
What is the symbol?
Posted by rickpic on :
CALI
Posted by crockett on :
quote:Originally posted by dp2002: What is the symbol?
CALI is what's out there for today
Posted by stickfigurefred on :
I'm in with some lark money, hopefully we don't go down with the ship Posted by dp2002 on :
So svxp is ready for tommorrow?
Posted by iwearpro on :
Sounds like another TWOG pump and dump to me.words to the wise,watch out for the leader Posted by Bluemound_Freak on :
can't dump it too far! The only place this baby is going is up!
Posted by prefect on :
so because of the name change will this be untradeable for 3 or 4 days?
Posted by rickpic on :
NEWS OUT!
CALI Holdings, Inc. Changes Name to Sovereign Exploration Associates International, Inc. 10/26/2005 4:02:03 PM NEWTOWN, Pa., Oct 26, 2005 (BUSINESS WIRE) -- CALI Holdings, Inc. ( CALI ) announced today that effective immediately its new name and trading symbol is Sovereign Exploration Associates International, Inc. (OTCBB:SVXP).
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. (SVXP) is a Business Development Company under the Investment Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXP has filed Form 8-K.
SAFE HARBOR
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
SOURCE: Sovereign Exploration Associates International Inc.
Sovereign Exploration Associates International Inc. Curtis R. Sprouse, 781-246-7512 Fax: 781-245-7774
Posted by HossTrader on :
PR finally hit Yahoo about the name change. Timed for right after the bell apparently.
Tomorrow morning should be interesting.
Posted by HossTrader on :
Doh! That's right, it will take a day or two to transfer. But when it does become tradeable, it should be interesting.
Posted by matto on :
All i have to say is good luck and i hope it holds!
Posted by stickfigurefred on :
Lol, it cant go too much lower.
Posted by rickpic on :
Now the door is open for the company to put out PR under there own symbol and name!
Posted by imakmony2005 on :
I like it got in at .0004 lets ride.
Posted by rickpic on :
I'm still showing the CALI symbol in my accounts, is anyone else showing a number or the SVXP symbol this AM in there accounts? We may trade for today under CALI.
Posted by rickpic on :
symbol just changed in Ameritrade
Posted by stickfigurefred on :
Scottrade still showing CALI##, so waiting as usual. Has taken them a week before to get things switched over.
Posted by crockett on :
still showing cali in choice trade
Posted by MasterQuinn on :
bid's building 4x5 in premarket..
Posted by wantmoneyabc on :
what are the expectations today? What happens after name change? Was there a R/S?
Thank, lots of hype on this stock, can someone fill me in? Not in hesistant.
Posted by MasterQuinn on :
I emaile scottrade, if it's not changed in an hour or so I will call them.. I suggest everyone take similar actions or you wont be able to sell if you need to or want to today.
Posted by MasterQuinn on :
buys buys buys!
Posted by gohigh on :
3.2 million shares of SVXP trades so far at .0005. It's a start!
Posted by Thorn on :
No news and up 50%. This isn't even the run yet!
Posted by stickfigurefred on :
Yea she's taking off 6 on the ask.
Posted by crockett on :
quote:Originally posted by MasterQuinn: I emaile scottrade, if it's not changed in an hour or so I will call them.. I suggest everyone take similar actions or you wont be able to sell if you need to or want to today.
so you are saying it won't sell if it's still listed at my broker as cali?
Posted by MasterQuinn on :
I don't know crocket,, I tried to test a trade sell scottrade changed the symbol in my account to cali## and I put that in to sell and it says invalid, I also tried SVXP and it said I don't have any shares.. So,. Not sure.. Liek I said it this thing gets into the territory where I want to sell I'm gonna call and tell them to sell but.. Not sure,..
Posted by Thorn on :
Ameritrade shows (*SVXP*) which must mean they don't have it listed yet.
So you are going to sell now? Before the PR?
Posted by stickfigurefred on :
Just to think half the trading world isnt even in this thing yet, should be interesting.
Posted by MasterQuinn on :
Thorn, I don't plan on it but if this thing triples in the next hour I will sell SOME of my shares.
Posted by Bluemound_Freak on :
still listed as cali at eTrade!
Posted by MasterQuinn on :
rick what's your target PPS here?
I personally don't know, this thing could be worth so much it's not funny..
Posted by WarpedMind on :
quote:Originally posted by MasterQuinn: I don't know crocket,, I tried to test a trade sell scottrade changed the symbol in my account to cali## and I put that in to sell and it says invalid, I also tried SVXP and it said I don't have any shares.. So,. Not sure.. Liek I said it this thing gets into the territory where I want to sell I'm gonna call and tell them to sell but.. Not sure,..
Similar situation with TDWaterhouse. I'm able to look at svxp quote, but can't look up the chart, news, etc. I'm sure it's just a matter of their entire "system" to update. I'd imagine that changes like the symbol name, etc. take some time to propagate. Just my guess.
Posted by MasterQuinn on :
I called scottrade to ask and they said it should be done EOD.. so.. we'll find out.. In the meantime he said just call and trade over the phone.
Which is old school.
Posted by Superbee383 on :
LOL! I'm betting that out trading houses just love these penny stocks.. Name changes, R/S's, F/S's.. stocks going into. well, just going until gone! Glad this one is just a name change!
Posted by stickfigurefred on :
So my question being will we be seeing assets now of both companies merged somewhat?
Posted by MasterQuinn on :
I dont think cali had much of anything, but the company they are now claims to have 15 shiprecks recovered and they were private so, they didn't publically post what this stuff was worth.. It could be worth Billions.
Posted by stickfigurefred on :
So in a way it was a shell play without the reverse split merger crap. Might be interesting then.
Posted by Thorn on :
quote:Originally posted by MasterQuinn: Thorn, I don't plan on it but if this thing triples in the next hour I will sell SOME of my shares.
Don't let me sway you. I wasn't entirely serious. I would have sold at 50% since with no PR I expect it will drop back down. No trading today it seems though (since SVXP is an "invalid" symbol to Ameritrade).
Posted by wantmoneyabc on :
Can we say good bye to our money, I have over 500,000 shares, been gone to the lake a week.
Posted by Big Green 1 on :
Ameritrade streamer has it with 32MM volume so far.... I have not attempted to trade it.
Posted by imakmony2005 on :
Got to watch rick on this one he owns 10% of the company.
Posted by imakmony2005 on :
still no spl change. on e trade.
Posted by MasterQuinn on :
what are you guys talking about. 5x6 on the b/a streaming quotes through Scottrade.
Timeframe for your broker to update symbol is different then others.
Posted by wantmoneyabc on :
what is the current price my share broker show nothing.
Posted by MasterQuinn on :
wantmoneyabc dont be a dope and say stupid things like "Can we say good bye to our money, I have over 500,000 shares, been gone to the lake a week."
The current/Last price is 6. It's up 50%. You need a new broker.
The symbol changed. Some brokers are faster then others, you can always call your broker and trade it (if you have that option).
And if your brokers sucks and you cant at least quote it, for the love of god go check Yahoo Finance at least.. What is wrong with you...
Posted by WarpedMind on :
quote:Originally posted by wantmoneyabc: Can we say good bye to our money, I have over 500,000 shares, been gone to the lake a week.
Why do you ask this? Maybe I'm misunderstanding... the stock is doing good so far.
Posted by Thorn on :
last trade .0006x500,000 11:03:36
bid 2x .0005 2x .0004 7x .0003
ask 1x .0006 4x .0007 4x .0008 1x .0009 3x .001
Vol: 39,895,699 low: .0005 high: .0007
Posted by MasterQuinn on :
becuase warped, people don't understand a symbol change and then they freak out because they dont have a quote and dont know how to use a web browser and then more morons panic and start posting stupid things..
Posted by gohigh on :
Patience everyone. We have a new stock symbol SVXP, a new company, and a rumor of good news to come. Our stock currently trades at 1/20th of a cent. Worse case scenario, we go to zero. Best case scenario, 1/10th of a cent, 1 cent, 1 dollar a share? Who knows.
Posted by MasterQuinn on :
nice up 1,025% fat finger.. or maybe a future forecast!?
Posted by tech1 on :
I'm in for 2m shares. Scottrade still not updated (I e-mailed; no response yet). Anyone see that last trade at .0045? Wish Scottrade was updated so I could at least see how that affected my balance!
Posted by stickfigurefred on :
Hehe no kidding Posted by clintonj on :
Could you imagine Rickpic's balance up 1025%...i think he just fainted...Rick, wake up, Rick...Rick...? LOL
Posted by gohigh on :
LOL Tech1! That one trade probably would've put you in a new tax bracket.
Posted by MasterQuinn on :
I think if they release a PR in the next few days and give a little insight into how much these shipwrecks they already have (15 of them!) COULD be worth, this thing could go to the moon and being up 1,000% would seem tiny!
Posted by tech1 on :
Yeah, I think we could see some nice gains in the near future, and I think the company is going to be more than happy to issue PR's whenever they can. The only thing I'm concerned about is the outstanding shares. I don't think the company will want to continue trading in the micropennies, and will probably effect a rverse split to get them into 'legitimate' status, and possibly uplist to a different board. I don't necessarily see that as a bad thing, as it will attract interest from larger investors. Anyone have any thoughts on that?
Posted by Thorn on :
*sigh* Like I said, sell at .0006, buy back at .0004 (or even .0005)...if only the stock symbol worked. Posted by wantmoneyabc on :
Sorry, I'm new in pennies, only three buys so far
INSQ ILCO and CALI, got scared there. I still see price on my CALI but if it's up good thing, thanks guys. You are all beautiful.
Posted by WarpedMind on :
How long was it at the high? Was it long enough to be picked up by news services? Can you imagine getting the update that "SVXP Soars 1000%" Man... that'd be some good PR and bring in some buyers. ;-)
Posted by kilerb on :
Hi guys... Why is everyone saying this stock is up. My quote on E*Trade says .0004/.0005
That's where CALI has been sitting for the last week. Was it up earlier and I missed it? If so, why is it going down now?
Posted by tech1 on :
It was at .0007 for a while, but none of us (I assume) can trade it right now. And the bid just went back to .0005, ask .0006.
Posted by Thorn on :
high was .0007
Apparently *someone* can trade it. MMs only? I find that hard to believe, but have no idea what MMs do for fun.
Posted by kilerb on :
Weird my Etrade says Today's range .0004-.0045
I assume that's an error!?!
Posted by tech1 on :
Yeah, I'm sure that .0045 was a fat finger, should be cleared up in a bit. It would have looked nice in my account though!
Posted by kilerb on :
Helllll yeah it would've... Now that's the kinda jump we'd all love to see.
Looks like it's back up to .0005/.0006
I'm just relieved they didn't R/S when they changed symbols. When I woke up and saw CALI 0 shares in my account I was like, "Well there's another great kilerb buy!!!" (Haven't been too lucky with these sub pennies...) Any vets have some predictions for this puppy?
Posted by WarpedMind on :
tech1,
This may be a dumb question... but you said that none of us can trade right now... yet the volume is 70,045,699... can you clarify? I'm a newb... sorry.
Posted by kilerb on :
i think you can call your broker and trade, just not on the computer? Just a guess from a fellow newb.
Posted by tech1 on :
Warped...technically, we can trade it; we just have to call our order in to our broker (Scottrade in my instance), we just can't do it online. The MM's can trade, since they are wired straight in. If you get a little excited and want to sell (I don't recommend right now), call your broker and they'll do the trade. It will take a few hours or days for all the online brokers to get our accounts updated with the new symbol.
Posted by MasterQuinn on :
You should be able to trade the new symbol svxp fine form anywhere.
I bought before the symbol change which causes some delays for online trades with brokers. You can always call your broker and trade it.
Posted by WarpedMind on :
Thanks for the explanation.
Being that broker-assisted trades are something like $45 at tdwaterhouse, i think i'll just not do that... besides... I'm holding on to this baby for a looooong time. This booger is gonna pay off my debts (as long as rickpic doesn't sell his stuff all out at once without warning ).
Posted by Thorn on :
quote:Originally posted by MasterQuinn: ...You can always call your broker and trade it.
Oh yeah. I forget about that. (Completely absorbed in the electronic online system...).
Posted by wantmoneyabc on :
where can I let people know that the Avian Flu has reached Congress read
GNBT news
HOT!!!!!
Generex Biotechnology Presents Proposal to Interested U.S. Senators to Accelerate Development of Novel Pandemic Avian Influenza Vaccine Thursday October 27, 12:15 pm ET
Company Seeks Congressional Support to Expedite Development of Its Avian Flu Vaccine
Posted by WarpedMind on :
What the heck? Dude. This isn't the right place... isn't that obvious?
Posted by MasterQuinn on :
wantmoney can't you post this in the correct thread .. maybe create an.. AVIAN FLU SCAM thread..
avian flu has been known since 1997... don't let anyone generate fear over this..
Posted by WarpedMind on :
Sorry abc... that was rude of me. abc, there are other forums in allstocks... check them out and you'll find a place to put that news... in fact, do a search on GNBT and you might even find a thread already for that symbol.
Posted by wantmoneyabc on :
Thanks warpermind, I'll look in other threads
I've been here watching for a few weeks, and lots of the members seem like you all need to get laid and release some of the stress. Talk about rudeness, not a way to speak to a lady.
anyways good trading
Posted by kilerb on :
Don't apologize to him... He's got 5 stars! I have 0 and I know what he's up to. He knows how to make a thread and how to find a thread that is already in existance about the symbol he's talking about. He's trying to get the rest of the world to buy the same stock he's in. Whoops!! This isn't the right place?!!? Duhhhhhhhhh
Posted by MasterQuinn on :
I think it's keeping things organized better for everyone. If it's chaotic it doesn't help anyone. And when you start saying "you all need to" stop for a second and look at how you're thinking about something.
Posted by kilerb on :
Oops, my bad... Totally my mistake...
I mean "she knows."
Posted by Superbee383 on :
Wow.. I suppose when a lady TALKS like a lady, she'll be treated like one. Working for cash? lol.. I am not gonna say a word... :-X
Posted by MasterQuinn on :
Also , dont expect anyone to know you're a women.. If you're names not something like "Snugglebugs" or "traderGRL" then it's hard to tell and I think most would assume guy.. so... And now you think I'm generalizing.. Well.. I am so.. nah.
Posted by rickpic on :
quote:Originally posted by WarpedMind: Thanks for the explanation.
Being that broker-assisted trades are something like $45 at tdwaterhouse, i think i'll just not do that... besides... I'm holding on to this baby for a looooong time. This booger is gonna pay off my debts (as long as rickpic doesn't sell his stuff all out at once without warning ).
Already done! Didn't effect the PPS at all! At this point I am a very very strong BID suporter!
I have one problem with this stock today though and that is the 8k that came out this AM shows 2.5b O/S as of the transfer of the company!
I still like the stock and I know that there should be great PRs coming, that should benifit all of us!
Rick
Posted by MasterQuinn on :
The only sell of 10M was * 4 you wouldn't have sold at 4. I don't see any other big sales..
Posted by wantmoneyabc on :
If people here showed some respect, maybe we can get some high rollers, we need to keep it professional and proper DD
Respect is the objective, unbiased consideration and regard for the rights, values, beliefs and property of all people. Kant's categorical imperative as well as what is commonly understood of being a gentleman incorporate the concept of respect.
Intercultural differences as well as the difference in self perception and outward appearence often result in being unintentionally disrespectful.
Respect is a central value in the raver culture, which believes in never doing anything to hurt or insult anyone. It is combined with peace, love and unity in the raver acronym PLUR. In this culture, respect is not something that is given by default in a relationship, it is something that must be earned through action. Many people assume that respect is a given, and feel slighted when their 'phantom respect' is not given in return.
Posted by WarpedMind on :
Since I'm new and officially dumb for now, can someone explain to me about this 2.5b O/S and the significance of it? Is there a concern of dilution? (again, please be easy on me... i'm wa newb!)
Also, Rick... I'm surprised that you sold already. You're planning to buy more now? Can you please explain your strategy? I'm trying to learn so I don't make dumb mistakes or get greedy. Thanks in advance for everyone's patience.
Posted by MasterQuinn on :
Wantmoney are you high? Seriously, you're making no sense.. Now you're talking about respect.. You can show some respect and post in the right threads, it's not very difficult. You've ben here long enough to be able to understand that a topic is a topic to stay on... That's why it's called a topic or a title..
Posted by kilerb on :
Then don't act like you've never been here before and you don't know if the SVXP board is where you should put up a bulletin about a different stock. People know the first day they're here that not how it works. You played stupid, you got caught, and now you're trying to make the people that caught you look stupid by playing the "I'm a lady" card. Sorry, not workin'... Go to the right forum and pump up your stock there, rather than trying to get every single person in other areas to join you.
Posted by MasterQuinn on :
If you have a scottrade account email and call them and tell them to update the damn symbol in their system. I have.. It's annoying.
Posted by WarpedMind on :
quote:Originally posted by wantmoneyabc: ...lots of the members seem like you all need to get laid and release some of the stress. Talk about rudeness, not a way to speak to a lady.
No commentary... I just thought the two sentences following each other was interesting.
Anyways, back to SVXP! Let's make some moolah people!
Posted by rickpic on :
WM the whole principal of trading stock is buy low sell high and then do it again! Simple math really!
Posted by MasterQuinn on :
rick are you calling your broker to trade? I shoulda done that this morning so I coulda got 50% and then added again at 4 DAMMMMM..NNNN
Posted by tech1 on :
Easy, guys. Let's get back to the discussion.
Warped, yes, there is some concern about dilution, hence my concern about a reverse split. I don't know if it's a bad concern for me, and I don't know Rick's feelings about it either. I'm comfortable with the quantity of my shares that a RS won't hurt, and I would think Rick would be cool as well. I'm further confident that Rick did not and will not sell at these prices; I think he's in on the BID rather than the ask, looking to pick up even more shares.
Posted by MasterQuinn on :
Tech1 he already sold. But I'm not hating because he took 75% or 100% off the top and will re-invest.. I shoulda done that myself but I'm a moron.. So..
Posted by WarpedMind on :
rickpic,
Well, what about this scenario... let's say i buy a stock at .5. I sell at .10. It keeps going up so i buy at .13 and sell at .15. Well, if i did that, I would have had 7 cents profit... but i also had commission. wouldn't it have been better to stay with the stock the whole time? I'm not trying to argue here... really, I'm not. I'm just trying to understand.
I guess the reasoning is that there is no guarantee that the price will keep going up, even with svxp, right?
Do you actually turn around and buy again, or do you wait and hope it comes back down?
Thanks for your patience with me.
Posted by tech1 on :
It would be best to play the ups and downs. If he sold, he sold at .0006 or 7, and bought back in at .0004 or 5. Pure profit.
Posted by rickpic on :
I will buy back more shares then I sold! Does it make sence now WM!
Posted by WarpedMind on :
yepper. thanks guys!
** bangs head against table in embarrassment **
Posted by WarpedMind on :
Hey cool... I've got 5 stars now... not bad for someone who doesn't know what he's doing! LOL! Posted by clintonj on :
sympathy stars warped JK...trading in and out of the stock works for me as well...still trying for .0003 but may need to settle for .0004.
Posted by prefect on :
quote:Originally posted by MasterQuinn: If you have a scottrade account email and call them and tell them to update the damn symbol in their system. I have.. It's annoying.
I called and they said the shares are being delivered tomorrow.
Posted by kilerb on :
Hopefully this launches!
Posted by WarpedMind on :
I'm learning... just put in my order to sell at .0006. If it places, I'll make about 20%, which would be awesome for me.
I guess the key is, like rickpic's original get rich thread, a little at a time, instead of going for the gold.
Posted by WarpedMind on :
CJ, if you can get it for .0004, you probably should. I can't see how you'll ever get .0003 again unless you are a VERY fortunate guy.
Posted by clintonj on :
very patient warped...i still own plenty of shares and always ready to add... to give Rickpic alittle competion Posted by prefect on :
kinda dead this afternoon....
any thoughts?
Posted by Bluemound_Freak on :
first day jitters! LOL
Posted by tech1 on :
Most of us can't trade! Well, we could call, but that's no fun. As soon as all the online brokers have us updated, trading will be back to normal volumes.
Posted by wantmoneyabc on :
Hopefully we can make some money before the R/S next week
Posted by gohigh on :
I too have made a lot of quick trades over the years, but I've only recently entered the otcbb market. The reason why the action dwindled today is because EVERYBODY is trying to buy at 3 or 4 and sell at 6 or 7. So the stock SITS at 5. In order to buy at 4 somebody else has to sell it there. NOT me! And to sell at 6, somebody else has to buy it there. Again NOT me, or you. The only thing that will get us out of this rut is new money coming in. And the only way that's going to happen is if they tell us what they're finding on those ships!! Meanwhile, very few trades were made at 6 and 7 today, so don't kick yourself if you didn't make the quick buck. Your order probably would've just sat there anyways. If you're still holding, you're stocks value is up 25% from yesterday.
Posted by tech1 on :
Thank you for your e-mail. While a stock is undergoing a reorganization, including a name change, symbol change, merger, etc., it will not be available to be traded online. As soon as the new shares are delivered to Scottrade, they will be posted to your account. Unfortunately, we do not know exactly how many days it will take to complete this. Be assured, there is no delay to posting once the shares are delivered for deposit.
During this reorganization period, we ask that you contact your local Scottrade branch office for trading assistance on this security. You may obtain the telephone number through our online Branch Locator www.scottrade.com/frame_branchlocator.asp.
We apologize for any inconvenience, and we appreciate your patience. Please let us know if you have further questions.
Posted by gohigh on :
Tech1, if tomorrow is the big news day, pick up that phone and make the trade!! Posted by tech1 on :
Count on it! It'll be just my luck though, the news will be after the bell, and everyone will have to simmer over the weekend!
Posted by WarpedMind on :
I was able to make the trade on the phone... and they're charging me the online price for it. Also, my tdwaterhouse account now shows the chart, etc., so it's definitely making progress in updating in the system.
Posted by imakmony2005 on :
something smells. rick you trade with who? and got out at what ? i know i tryed the same thing and it did not work.
Posted by imakmony2005 on :
Glad my BAG has only 1 mil in it.
Posted by MasterQuinn on :
what smells? why is this a bag..
I know they need to r/s before next APRIL but that doesn't mean they'll do it tomorow (they may) but they may let it go up so THEY make money on it before they r/s.. So just keep watch and stop being so pesemistic.
Posted by WarpedMind on :
Why do they NEED a r/s? Also, is there any good side to a r/s for stockholders?
You know what will be awesome? When they have to move this thread over to the "stocks priced over .10" forum.
Posted by MasterQuinn on :
In the 8K it says they will before April 2006. There's too many shares outstanding for the value of the new company. I think it won't matter in the long run either way because the value of the stock will be worth so much more.
Posted by tech1 on :
Warped, this is kind of what we were talking about when we talked about dilution. No company wants to be a penny stock, because the big guys just don't take them seriously enough. If they reverse split, say 2:1 (it'll be higher though), your 2 stocks worth .0005 will be one stock worth .001. Normally, the value of your holding doesn't decrease, but there can be some big runs up and down as new investors show interest, and folks already in take profit. With a strong company, the stock should build value. After a while, the fast up and down runs will go away as the stock becomes more stable. Penny traders lose interest because the quick money potential is gone, but a shareholder doesn't need to keep such a tight eye on the stock either.
Posted by WarpedMind on :
Thanks for your explanation. It helps alot.
Posted by stickfigurefred on :
Guess Scottrade still hasnt gotten the update shares yet of SVXP, go figure.
Posted by Thorn on :
Yesterday I had "(*SVXP*)" as the "symbol"; today it is "". Posted by MasterQuinn on :
can someone post l2 depth on this please thanks.
Posted by WarpedMind on :
Come on... 7 cents... come on... 7 cents...
Posted by iwearpro on :
7 cents..lol! you forgot rick is involved in this right? He will pump it and dump it and it will fall to pieces here shortly..watch and see
Posted by WarpedMind on :
Hmmmm...
Come on... 6 cents... come on... 6 cents...
Posted by WarpedMind on :
Posted by Thorn on :
L2
bid .0004x4 .0003x7 .0002x4+
ask .0005x1 .0006x7 .0007x2 .0008x1 .0009x1
Posted by MasterQuinn on :
gohigh was correct when he said everyones trying to flip this thing, some are doing it for quick 25-50% gains...
Hard to move this thing when that's going on with the majority of people.
Posted by gohigh on :
It's going to take some news to move this stock. I think they should issue a press release as to what their intentions are and what they're finding on those ships down there. How else do we know if we want to invest for the long term or just trade back and forth here at the bottom?
Posted by rickpic on :
still looks good to me!
Posted by iwearpro on :
quote:Originally posted by imakmony2005: something smells. rick you trade with who? and got out at what ? i know i tryed the same thing and it did not work.
notice,no response to these type of questions.lol
Posted by rickpic on :
They moved over pretty quick when I placed 31m at the .0005 ask now lets see what they do with the bid!
Posted by rickpic on :
quote:Originally posted by iwearpro:
quote:Originally posted by imakmony2005: something smells. rick you trade with who? and got out at what ? i know i tryed the same thing and it did not work.
notice,no response to these type of questions.lol
"How about none of your buisness" Is that the answer you wanted! I posted my buy and my sell, go read the friggin thread, and I just posted that I'm buying back in now!
Posted by tech1 on :
Rick, would that be the elusive MM 'NUNYA'?
Posted by kilerb on :
Do you guys all base all your investments on some guy from allstocks named rickpic? He does all the DD for you and then you actually give him a hard time when he doesn't answer all your questions. You know you could DD yourself and not place all the blame on someone other than you. I'm sure he's had some good picks or whatever, but if he's been a positive source for knowledge, my suggestion would be not to attack him because no one is forcing you to follow his lead or take his suggestions. Be happy with the info he provides and don't get mad when he doesn't answer every little detailed question you ask. Just be appreciative or do it yourself.
So, Rick, when's this puppy gonna go up? Posted by rickpic on :
Yes Tech1 Posted by rickpic on :
kilerb
Thanks! Well put! Now heres one I don't own that they can start DDing PHXI! Good Luck! Posted by rickpic on :
Keep giving me those shares back! Posted by iwearpro on :
lol
Posted by rickpic on :
Thanks you for the buy fills! Posted by iwearpro on :
pump pump pump
Posted by rickpic on :
quote:Originally posted by iwearpro: pump pump pump
you should really do that in private!
Posted by prefect on :
You're welcome rick!
Had to put the sell in over the phone since the shares haven't quite transferred online...but now when I log in to my Scottrade account I see that I have a maintenance call of $4,395,729.00!
ROFL!
Posted by rickpic on :
Thats payable on demand! LOL
Posted by prefect on :
so far three calls from the local Scottrade office each person laughing hysterically!
Posted by rickpic on :
That one hell of a commision! Posted by HossTrader on :
Actually Rick, I think they are right. I need to know exactly when you are going to sell ahead of time so I know what to do. Also, I am having a lot of trouble deciding on what to have for lunch, so any input there would be appreciated. Posted by WarpedMind on :
Prefect,
Are you joking? $4 mil +??? Holy smokes! I freaked out when I had a call of $1010!!!
You're my new hero.
Posted by rickpic on :
HT
I'm Buying Roast Beef on RYE Today! And you should also! I hear its hot and going fast!
footnote! I'm buying it at the counter and eating it at a table and later I'll dispose of it! Would you like more details!
Posted by HossTrader on :
Thank you!! I have tried to order online though and it isn't happening. Where do you get yours from, and do you just call it in or go pick it up? Hurry up man! I'm getting hungry!!
Posted by rickpic on :
read the footnote!
Posted by HossTrader on :
Whew! Posted by tech1 on :
Rick, I just tried to buy some shares of RYE, but my broker for some reason does not offer it. Does 'NUNYA' list that stock?
On another note...I have in front o me a burger and fries, and I'm curious; in what order would you eat these items?
Posted by rickpic on :
I can tell its Friday and we are all ready for a good stiff drink! SHHHH don't tell anyone but I'm buying JD! Can't you guys do anything without my help? Posted by Bluemound_Freak on :
RYE is up 600% as of October 28, 2005 02:10 PM thanks for the DD Rick! I am now out and buying WHEAT.
Posted by WarpedMind on :
rickpic,
Newbie here, of course. Now when you orderd RYE, was the roast beef ordered well done, rare, or where in between. Come on! Details man! I hope you did your DD on it before getting it.
BTW, what's your exit strategy? Nevermind, I think I know. :-)
Posted by rickpic on :
ROFLMAO! Posted by rickpic on :
Well thats it now everybody knows and RYE is in the toilet!
Posted by rickpic on :
You guys have me so confused I can't deside weather its in the drink or have a drink!
Posted by Superbee383 on :
LMAO..You guys are a riot!!
Posted by WarpedMind on :
LOL!
Aw crap! HAHAHA!
Now all the, uh, bottom dwellers will be swarming RYE for a piece of the pie, hoping it'll start on a run.
Posted by tech1 on :
Oh man. This thread has spun completely out of control.
Posted by rickpic on :
I don't want any part of scooping up the RYE runs!
Posted by HossTrader on :
Yeah, I think the bottom has dropped out already!
Posted by WarpedMind on :
Hey... wait a minute...
What's RYE after it goes down the toilet during a bull market?
Bull____!
LOL
Posted by rickpic on :
Thanks for the extra 2m! Posted by WarpedMind on :
HT,
GROAAAAAN...
Oh by the way everyone... -------------------------------------- where can I let people know that the Avian Flu has reached Congress read
GNBT news
HOT!!!!!
Generex Biotechnology Presents Proposal to Interested U.S. Senators to Accelerate Development of Novel Pandemic Avian Influenza Vaccine Thursday October 27, 12:15 pm ET
Company Seeks Congressional Support to Expedite Development of Its Avian Flu Vaccine ------------------------------------------- Ooooooh wait a minute... this is the WRONG thread. har har... i did this by "accident" because I'm new around here.
(For the record everyone, I'm kidding.)
Posted by rickpic on :
NEWS?????????????????????????????
Posted by rickpic on :
False alarm!
Posted by imakmony2005 on :
rick need help my bath tub is cloded???????
Posted by WarpedMind on :
I was kiddin' rick... that was from a post from wantmoneyabc
Posted by rickpic on :
Remove the sunken ship with the rubber ducky from the drain!
Posted by WarpedMind on :
imakmony2005,
Your tub is clogged because you were trying to DUMP your shares of RYE all at once. It's to you advantage to take your dumps just a little at a time, or else the MMs will want in on the action.
Posted by rickpic on :
Who the hell is buying at .0006 when I'm trying to get filled at .0005? Bunch of ungreatfulls! Posted by imakmony2005 on :
7 cents..lol! you forgot rick is involved in this right? He will pump it and dump it and it will fall to pieces here shortly..watch and see
from iwearpro
Posted by WarpedMind on :
imakmoney2005,
this is a good lesson for you... that is why we always, always, ALWAYS do our own DooDoo Diligence!
Posted by imakmony2005 on :
you the man rick.
Posted by imakmony2005 on :
gee thanks sept i think i could buy and sell you.
Posted by imakmony2005 on :
WarpedMind Member
Member Rated: posted October 28, 2005 02:48 PM -------------------------------------------------------------------------------- imakmoney2005,
this is a good lesson for you... that is why we always, always, ALWAYS do our own DooDoo Diligence!
gee thanks
Posted by imakmony2005 on :
This is just penny land boys.
Posted by imakmony2005 on :
duck removed.
Posted by Thorn on :
4th place today on OTCBB volume (but that's only because of CMKX and QBID having so dang many shares).
Posted by rickpic on :
NICE Did I do that?
Posted by WarpedMind on :
did you get your .0005 filled?
I'm starting to wonder... I guess it's too late to sell at .0006 and buy back at .0005, huh? Should I bump it up to .0007 and buy at .0006?
This is what makes me nervous about riding the bumps... I'm worried that if I sell and take a profit, the price will be up when I try to buy back in, so I won't be able to get back in for a profit anymore.
I'm sure my thinking is off on this... that's a newbie brain for ya. Am I wrong?
Posted by rickpic on :
nope I haven't filled yet but I have 25m back!
Posted by WarpedMind on :
wow. you have crazy shares man. you're gonna be filthy rich with this one if it works out!
Posted by prefect on :
yeah jeez, hope it doesn't r/s!
Posted by HossTrader on :
Odds are, if they were going to r/s anytime soon they would have done it at the same time as changing the symbol I think.
Posted by rickpic on :
Either way Perfect this ones a winner in my book! I already caught 2 runs on this baby and 2/3 of what I hold is from profit on it! Posted by prefect on :
nice nice...
I have played it twice now for a nice little profit...debating whether I should try for a third time or just look for something else.
Posted by rickpic on :
I'm really hoping for a nice PR form the new CEO before the market opens on Monday! Posted by rickpic on :
I remember when Odysee put out there shipwreck news on a Saturday, and it gapped 4 bucks on that Monday! That was a peanuts news in comparison to what SVXP has coming! Posted by Bluemound_Freak on :
I would like to see 4 cents! LOL
Posted by tech1 on :
Uh, 4 bucks would be fine. I'd probably quit working Saturdays.
Posted by rickpic on :
$100 mil na I wouldn't work saturdays either! Posted by stickfigurefred on :
What was Odysee's ticker?
Posted by rickpic on :
google it I don't remember!
Posted by WarpedMind on :
Can you tell the trend by the size of the spread? Seems like if there's a really big spread, that must mean that the MMs are trying to slow down people selling and if the spread is small, they're trying to encourage buying. Is this accurate? (I'm trying to figure out how to know when I should sell shares in an uptrend so I can be ready to buy when it bounces back down)
Posted by Golf57 on :
I,d settle for just .005
Posted by rickpic on :
If you would like to see how the compatision is doing look at the charts for these 2 companies both doing shipwreck salvage!
OMR Odyssey RUBM Ruby Mining
We are next! Posted by Golf57 on :
rickpick- stop pumping this pig so, you can sucker people into buying so you can sell. Everyone out there, rickpick is a big fraud that's only interested in himself and coulnd'nt gige a f--k if you lose your shirt or not. That is a fact.......
Posted by iwearpro on :
quote:Originally posted by Golf57: rickpick- stop pumping this pig so, you can sucker people into buying so you can sell. Everyone out there, rickpick is a big fraud that's only interested in himself and coulnd'nt gige a f--k if you lose your shirt or not. That is a fact.......
word!
Posted by crockett on :
quote:Originally posted by Golf57: rickpick- stop pumping this pig so, you can sucker people into buying so you can sell. Everyone out there, rickpick is a big fraud that's only interested in himself and coulnd'nt gige a f--k if you lose your shirt or not. That is a fact.......
Of course someone that owns as much of this stock as rickpic says he does is going to pump the stock. I'm sure he will sell when the right profit comes in for him and with him having that much stock it will probably affect the price.
That's the game we are all trying to play, buy low and sell high. If you get burnt on a deal you get burnt it's the risk we are all taking.
He may be scamming he might be legit, but unless you have proof that he is scamming, I think it's pretty rude of you to post stuff like that with nothing backing it up.
From what I've read so far of rickpic's posts he seems to be pretty helpful. Can the same be said for you? Let's see your proof that he's scamming.
Posted by HossTrader on :
quote:Originally posted by iwearpro:
quote:Originally posted by Golf57: rickpick- stop pumping this pig so, you can sucker people into buying so you can sell. Everyone out there, rickpick is a big fraud that's only interested in himself and coulnd'nt gige a f--k if you lose your shirt or not. That is a fact.......
word!
Tell me about it! He was pumping that roast beef the other day, and I haven't been right since!!
Posted by iwearpro on :
He's been pumping his beef you say? Posted by Nile on :
Anyone, Do you have a projected pps on this one. Whats the highest you see it going to? Nile
Posted by tech1 on :
Short term, if we get news anytime soon, specifically detailing the value of the current shipwrecks, I think we'll lose a zero, possibly two, from the immediate right of the decimal point. I am expecting news soon, based on the recent name change; I believe they have had news but were waiting for the change before releasing it.
Long term, I expect a R/S to get the PPS into more 'legitimate' territory.
Posted by gohigh on :
Has everybody heard of Comet Kohoutek? I am starting to wonder.
Posted by rickpic on :
I have another 30 hours into DDing this company this weekend and I have been able to cross check much of the information I have gathered from the various shipwreck treasure forums around the world. As I have said before I will let the company do there own PR, but in the mean time I'm not sitting idealy by holding a huge investment without knowledge. I've been investing for many years in this market and there is nothing more valuable than the upper hand on the rest of the market. Information is what gives me the upper hand and I know how to dig it up! I was able to invest early in this stock and buy it lower than most due to my ability to do DD in places that others didn't think to look. I put out feelers and got responces from many who know a whole lot more about shipwrecks, and who is salvaging them than I do. I must say that the people that have responded to my requests for info are some of the most prominent in this field. I am not only greatfull for there help and information, I am also honored in some cases to just be communicating with them.
To those who dought what I post. I say don't buy and stay away.
I have already posted enough info for the underlying facts that are about to come out in PR's to be found by anyone who is willing to go research the info as I have.
The sails are up and the wind is coming!
Rick
Posted by WarpedMind on :
Well, I for one am very excited about where this is going. Rick, do you think that I have time to sell shares and rebuy them? I'm worried that I'll sell my shares to take my 20% and then, just when I try to buy more shares, the pr will hit and I'll be left with nothing. I guess a better question to ask is... when companies come out with strong PR like what we're expecting, do they usually do so at either the beginning or end of the day/week/month? What I'm thinking is if there is no PR at the opening bell tomorrow, that I can try to sell and buy... but that I should let the morning go buy, just in case the pr hits.
Do you ever worry that you'll sell everything to take your profit and then, when you want to jump back in, that you won't be able to? Is that a legitimate concern or do I worry too much about nothing?
Posted by HossTrader on :
quote:Originally posted by WarpedMind: Well, I for one am very excited about where this is going. Rick, do you think that I have time to sell shares and rebuy them? I'm worried that I'll sell my shares to take my 20% and then, just when I try to buy more shares, the pr will hit and I'll be left with nothing. I guess a better question to ask is... when companies come out with strong PR like what we're expecting, do they usually do so at either the beginning or end of the day/week/month? What I'm thinking is if there is no PR at the opening bell tomorrow, that I can try to sell and buy... but that I should let the morning go buy, just in case the pr hits.
Do you ever worry that you'll sell everything to take your profit and then, when you want to jump back in, that you won't be able to? Is that a legitimate concern or do I worry too much about nothing?
Ok, my opinion on this for what it is worth
NEVER be upset about taking a profit. Making 20% and missing the "big run" is a whole lot better than sitting too long. If nothing else, try to get to "free" shares by selling enough to break even and then ensuring a net gain while still leaving some opportunity. I have held many for the big run and sometimes you hit it and you are king of the world. But nothing is worse than holding for it and watching some solid gains slip also. Just go with your gut and make sure you have done the dd, or at least followed up on the dd you see from others. IMHO
Posted by Thorn on :
Play your risk, Warped. If you feel uncomfortable about staying in past 20% profit, SELL! Don't waste time thinking about it. There are one of three possible outcomes to that decision:
1) Stock does nothing. If you held you could still sell (if there is volume) or could end up holding it not able to sell it.
2) Stock goes down. If you held you will be losing money, and hoping that you can salvage what you did invest.
3) Stock goes up. If you sold, buy back in (assuming you think it will continue up). Be careful when buying back in, because often you will buy at the peak instead and then lose money.
Worst case scenario: the stock goes up and you are out of it, and can't get back in at a good price. Realize you are 1) up 20% and 2) can find another stock to make money on.
Hope that helps.
Posted by WarpedMind on :
Good tips, HT and Thorn. I'll take my 20% today if I can. Thanks guys.
Posted by stickfigurefred on :
Man Scottrade sucks with receiving new certs, any others that cant trade this yet online?
Posted by MasterQuinn on :
Stick you can just call them and do a broker assited, they give it to you at the $7 + 1/2% or whatever rate because you can't do it online..
Posted by clintonj on :
Scottrade here as well
Posted by Superbee383 on :
Can't trade this on Ameritrade either. It shows up as "N/A" but with the correct # of shares and px.
Posted by crockett on :
My choicetrade shows it as CALI under Portfolio but shows SVXP under Positions
Posted by tech1 on :
Same broker as you, same story.
Posted by stickfigurefred on :
Scottrade just updated as of right this second, haha. Good to go now.
Posted by WarpedMind on :
TDWaterhouse works good. I have to say.. they're more expensive than many, but so far they have great service, especially for a newbie who needs guidance like me.
Posted by tech1 on :
Right you are! Cool.
Posted by crockett on :
quote:Originally posted by tech1: Same broker as you, same story.
If you are meaning choicetrade.com I just called them and was told you just go in and edit it under portfolios via the "edit portfolio" tab.. I just went in and changed it and all is now good in mine.
Posted by rickpic on :
Thanks! I got 3.5m out of that 4.5m that just went through! Posted by crockett on :
quote:Originally posted by rickpic: Thanks! I got 3.5m out of that 4.5m that just went through!
I'll sell you another 1m *.0008 Posted by HossTrader on :
Gettin some potential buying pressure
5x4 0005x0006
Posted by kilerb on :
E-trade still hasn't update the symbol...
Posted by gohigh on :
Is anybody taking 20% on the 5 to 6 trades? Looks like the 6's could give way to 7's.
Posted by HossTrader on :
Down to 2 on the ask at 6
Posted by crockett on :
quote:Originally posted by gohigh: Is anybody taking 20% on the 5 to 6 trades? Looks like the 6's could give way to 7's.
yea I was looking at that too 7 by lunch time!!!
Posted by HossTrader on :
getting close to an uptick. Just a little more volume
Posted by WarpedMind on :
Can someone tell me (by looking at Level 2s or whatever) if you think I could still buy this at .0004 or .0005? (I just sold my mil shares for my first profit of about 17% Now I wanna try to buy it back.)
And how do I figure this out myself? I mean, I know that I can look at the bid and ask price... but I notice that some of you seem to be able to buy at prices below the ask price sometimes.
Posted by Thorn on :
Looks like it is going up. There *might* be a dip later today or tomorrow, but I would expect that we'll see 7 shortly today, with a drop back to 6 (if not higher).
Posted by rickpic on :
if you want shares back at .0005 you better just get in line because i know others including myself who have orders pending at .0005 that are not getting filled! 1 MM left at .0006 tells me I may not get filled at my .0005 bid either! Nice that you got a profit though!
Posted by tech1 on :
Warped, congrats. For now, I'd sit back and watch. When we hit 7, it's either going to climb quick, or drop like a rock as people take profits. I'm betting on the drop myself; that's just what happens. If it does, you'll be able to buy back in then.
Posted by crockett on :
quote:Originally posted by rickpic: if you want shares back at .0005 you better just get in line because i know others including myself who have orders pending at .0005 that are not getting filled! 1 MM left at .0006 tells me I may not get filled at my .0005 bid either! Nice that you got a profit though!
Hey man how do you tell the amount that is left at 0006?
I just see on otcbb.com where is says size: 50
Is there somewhere else you can get more detailed info?
Posted by rickpic on :
Not that I'm aware of, not thats free anyhow!
Posted by kilerb on :
I ceratinly hope Etrade's description name of this stock is not any indicator of the people that are running it...
"SOVEREIGN EXPLORATION ASS"
Posted by tech1 on :
And we're off!
Posted by WarpedMind on :
Thanks Tech. I've got my order in at .0005, so I'm just gonna relax and watch.
Posted by prefect on :
Guess I got out too early...oh well made something at least...
Posted by gohigh on :
Prefect, you can't go broke taking a profit.
Posted by MasterQuinn on :
prefect I got out too and am waiting to see if this flys on PR.. will jump in on the run.. Use the money you made for teh run if it's avaliable.
They HAVE to R/s before April 2006 it's in the contract (read the 8K).
Posted by wantmoneyabc on :
Survey how many have made over 100% on this one in the last 5 days?
Posted by Thorn on :
quote:Originally posted by MasterQuinn: prefect I got out too and am waiting to see if this flys on PR.. will jump in on the run.. Use the money you made for teh run if it's avaliable.
They HAVE to R/s before April 2006 it's in the contract (read the 8K).
Five months from now. You would think they would wait for an opportune time that benefits them, wouldn't you? So, when would that be?
Posted by rickpic on :
Posted by wantmoneyabc on :
Maybe tomorrow we would wake up and find out the R/S just occurred and out 2 million shares became 100 and lost another 50%
Too predicatable... good job for getting out.
Posted by MasterQuinn on :
quote:Five months from now. You would think they would wait for an opportune time that benefits them, wouldn't you? So, when would that be?
You would think and hope and if you've been burned in the past you may run...
Posted by HossTrader on :
Why would they increase the a/s last week, just to r/s in a few months? I missed that part of the 8k, I will have to read through it again.
Posted by MasterQuinn on :
quote:The Parties understand and agree that there is a current Amended Reg. E. Offering outstanding for CALI., and upon completion of the current Offering, but in no event later than April 1, 2006, CALI shall reverse split (“RS”) the common shares so that SEAI has 90% ownership of CALI through the common shares or the Class A and Class C Preferred Shares. The Parties understand that the exact amount of Class A and Class C Preferred shares to be issued to SEAI for the 90% control depends on the calculation of the reverse split in this provision Art. 1(a).
Posted by rickpic on :
Hey thats working keep it up guys! Posted by clintonj on :
Ask thinning nicely now...only slight resistance at 8 then11...here we go
Posted by HossTrader on :
LMAO No kidding! Looking at another potential uptick here!
Posted by HossTrader on :
Bring on the volume!
Posted by MasterQuinn on :
I'm not trying to be negative but I wanted to give my opinion on the R/S..
maybe I should continue as it goes up from my pessimism.
Posted by tech1 on :
Hmmm, I don't know. I think we're stuck with an ask of 7 for quite a while. I'm showing 9 mm's at 7. Bid isn't really moving much. Good sign though that almost all the trades look like buys.
Posted by prefect on :
quote:Originally posted by tech1: I'm showing 9 mm's at 7.
Uhhh there's 1...where do you see 9?
Posted by HossTrader on :
There were 9 there, those probably weren't real time stats because they dropped off fast!!
Posted by tech1 on :
OTCBB . com. Just dropped one off, and gained 1 on the bid. Where are you looking?
Posted by prefect on :
Microcap...
bid
.0006 x 7 .0005 x 3 .0004 x 1 .0003 x 2
ask
.0007 x 1 .0008 x 4 .0009 x 2 .001 x 5
Posted by tech1 on :
Ahh, I see. otcbb has finally caught up. How do you like microcap? I just might have to join that.
Posted by Thorn on :
Look into Alphatrade tech1. It's very good for L2.
Posted by prefect on :
quote:Originally posted by tech1: How do you like microcap?
Love it!
Posted by WarpedMind on :
Sigh.
I knew this was gonna happen. Tried not to be greedy and sold at .0006. Sure 'nuff, it decides to run and I can't get in.
Dagnabbit.
Posted by clintonj on :
warped. i wouldn't exactly call this a run just yet...we need 100mil shares traded 1st and at least 20-30% rise in share price as we sit now we are up 0% at .0006 bid, OK?
Posted by WarpedMind on :
ok.
Posted by crockett on :
Is it normal for them to bump back and forth like this one is doing between 0006 and 0007?
Posted by imakmony2005 on :
yes
Posted by kilerb on :
Why is E*Trade so slow to change the symbol? Come on already! Posted by HossTrader on :
I called Ameritrade, and they said my shares had to settle first. Then it would be official and show up properly online tomorrow.
Posted by Superbee383 on :
quote:Originally posted by HossTrader: I called Ameritrade, and they said my shares had to settle first. Then it would be official and show up properly online tomorrow.
Hoss, I have Ameritrade too, and this afternoon it's finally showing as SVXP. You only need to go into 'edit cost basis'that's in your balance / portfolio page to change the px to what you bought it at.
Posted by rickpic on :
Nice to have it close at the HOD! Posted by Thorn on :
quote:Originally posted by rickpic: Nice to have it close at the HOD!
I was hoping for that. It would make it harder to reach .0008 tomorrow if it didn't. Posted by WarpedMind on :
So, Rick...
Still holding any RYE? Or did you "dump" all your shares of it? Posted by rickpic on :
WM I'm still holsing and added 4.5m yesterday at .0005 as well! Posted by stickfigurefred on :
Thats one constipated stock, it just aint going anywhere.
Posted by WarpedMind on :
Constipated stocks are a pain in the butt. I guess you should hope for a run today.
BTW, it's best to dump a stock like RYE about 30 minutes after lunch or just before closing. Stocks like these seem to drop with a splash down the crapper. I hate it when you try to dump all your shares, but some just seem to cling on, to dangle there... sometimes no one will take the last few shares. Now THAT can be irritating! And you know how these types of stocks are... sometimes the rumors are firm... sometimes, they're just a gas. But most of the time, it's all just a bunch of crap.
Posted by HossTrader on :
Ok, I didnt need that image with my morning coffee!
Some good buys coming in at the ask though.
Posted by HossTrader on :
Mixed bag so far. Lot of smaller buys, but some big sells.
Posted by rickpic on :
Got another 3m here this AM! Posted by WarpedMind on :
At how much? .0006?
Posted by imakmony2005 on :
rick, great pick made 50% and got out win win THANKS FOR THE PIC.MONEY
Posted by rickpic on :
yes at .0006! I also know who bought the majority of the rest at .0006 today!
Posted by crockett on :
quote:Originally posted by rickpic: yes at .0006! I also know who bought the majority of the rest at .0006 today!
I just jumped out * 7 for a 60-75% overal gain. I'll watch this one some more and see how it goes to buy back in.
not bad for my first ever trade.. Thanks for the tip Rickpic
Posted by crockett on :
edit double post
Posted by rickpic on :
Your welcome! Posted by WarpedMind on :
Good job, crockett! I wish I could say the same about my success! This is a great place to get your feet wet. I'm learning and FINALLY starting to make a little money with the guidance of the kind people here.
Posted by gohigh on :
I'm still holding my shares, but it looks like you folks trading in the 5 to 7 range are having some success. Congrats on the gains!
Posted by crockett on :
quote:Originally posted by gohigh: I'm still holding my shares, but it looks like you folks trading in the 5 to 7 range are having some success. Congrats on the gains!
it just dipped to 5 again and I put in a order for more Posted by stockster5 on :
Hey, this might be a real company after all.!! Question...---> but in no event later than April 1, 2006, CALI shall reverse split (“RS”) the common shares so that SEAI has 90% ownership of CALI through the common shares or the Class A and Class C Preferred Shares... Do my shares still exist as cali at this time, obviously cale/svxp can r/s at any time....if I buy today, I'm not buying different issue am I? S5
Posted by gohigh on :
Crockett, I'm trying to get more at .0004!! Did you get your .0005?
Posted by crockett on :
quote:Originally posted by gohigh: Crockett, I'm trying to get more at .0004!! Did you get your .0005?
yea mine just filled at 5 for 500k
Posted by tech1 on :
I just picked up another half a mil at 5 as well.
Posted by clintonj on :
Now printing .0004...still looking for my .0003 buyin price once again.
Posted by gohigh on :
My 4 didn't fill yet. Back to 5 now.
Posted by nextgen on :
Testing the waters here. Just pick up 1.6M.
---------------------- Think Long ; Play Wrong
Posted by WarpedMind on :
Why's it going down all of a sudden? Just people getting impatient and selling?
Posted by crockett on :
quote:Originally posted by WarpedMind: Why's it going down all of a sudden? Just people getting impatient and selling?
probably, that's why I sold today, I figured take the profits and run.. then it dipped so I'm back in Posted by iwearpro on :
rick got ya again!lol
Posted by nextgen on :
What is the O/S on this stock.
----------------------- Think Long ; Play Wrong
Posted by rickpic on :
Rick's Right here Iwearpro and hes not selling!
Posted by iwearpro on :
lol,ok
Posted by WarpedMind on :
hey iwearpro...
RYE is hot right now ... actually, steaming warm.
Posted by iwearpro on :
watch and learn warped, watch and learn
Posted by rickpic on :
iwearpro you watch and learn and while your at it read this again!
Looks that info is over a year old? got any current info?
Posted by tech1 on :
The report is, but look when they are talking about doing the work. And when does their summer begin?
Posted by rickpic on :
VIRGINIA / STATE OF VIRGINIA 1873 She was built in 1873 by the London & Glasgow Co, Glasgow as the VIRGINIA for the British "State Line". This was a 2,473 gross ton ship, length 331.2ft x beam 36.4ft, straight stem, one funnel, three masts (rigged for sail), iron construction, single screw and a speed of 12 knots. There was passenger accommodation for 70-1st, 40-intermediate and 400-3rd class. Launched on 29/3/1873, she sailed from Glasgow on her maiden voyage to Larne and New York on 6/6/1873. In December 1873 she was renamed STATE OF VIRGINIA and resumed the same service on 3/1/1874. She commenced her last voyage on 20/6/1879 when she left Glasgow, and was wrecked on Sable Island with the loss of 9 lives on 15/7/1879. [North Atlantic Seaway, vol.2,p.866]
Posted by rickpic on :
are we going to see a nice pr from these guys anytime soon?
Posted by crockett on :
quote:Originally posted by prefect: are we going to see a nice pr from these guys anytime soon?
that's what we are all waiting on, I don't think anyone knows except SVXP
Posted by Thorn on :
Er, has anyone tried to call them and...ask?
(I have not. I'm a small fish. I just try to feed on the scraps.)
Posted by prefect on :
where are all these 5 sellers coming from??
this thing has been trading in the 5, 6 and 7 range for the past 3 days!
Buy high sell low the new strategy here?
Posted by gohigh on :
Prefect, I don't know who's doing all the low selling, but I'd wish they sell me another million shares at .0004. It just isn't going to go thru today. Too many other people lined up ahead of me, I guess.
Posted by Thorn on :
1) people selling out who bought in at .0007 and now are getting out at a loss
2) people selling out who bought in at under .0005 and now are taking their profit (or swingtrading it).
Posted by stickfigurefred on :
Probably going to end up being a PR with a hey we just did an R/S, here is our new company.
Posted by Thorn on :
I believe there is a 10 day notice for any r/s.
Posted by stickfigurefred on :
LOL, if memory serves right, tell that to the people of GRDX, notice was given one day before and bam.
Posted by Thorn on :
Then perhaps I am wrong. However, why would they do a r/s now? How does it benefit them? No one is pushing them into doing the r/s at a time that is not most beneficial to them, are they?
Anyway, r/s are considered "bad" only because the majority of them are. The reason is because of why the r/s was done. The majority are done to get the pps back up to a certain level after it has fallen considerably. A few are done when the pps is on the rise. With SVXP, the potential worth of the company will likely see the pps go up despite a r/s.
Reverse splits are not always bad. I don't see it as a bad thing for SVXP, and would not expect to see a loss in value for my holdings.
However, if they do the r/s now, without any assets to show, then it would not be good for the pps. That is why I would not expect a r/s now. Of course, that's just my take, and lack of common sense and unknown factors may affect the decision of the CEO.
Posted by HossTrader on :
Ok, been out all day and we went back down a lil. I need to buy some more! Posted by HossTrader on :
Most of the time when a company does an r/s and it is bad it is because they are looking to dilute more. This company still has lots of a/s if they wanted to dilute. That is more of a concern than an r/s.
Posted by stickfigurefred on :
Oh I agree, swing it while you can, but I wouldnt hold it overnight if you can help it Posted by rickpic on :
Ya thats it Bluemound "I missled you" I guess ya caught me! Now what?
90% of the guys on this thread in this stock have made money already! If that aint good enough for ya then just stuff it! Do your own damb DD!
[ November 02, 2005, 08:21: Message edited by: rickpic ]
Posted by rickpic on :
quote:Originally posted by iwearpro: Looks that info is over a year old? got any current info?
Yes Iwear, I do have new info! I spoke with the COO just last night, but why the hell would I share it with you? You've done nothing in the way of DD here and you spend your day breaking balls around here! You got anything new?
Posted by Nile on :
You get'em Rickpic,
Posted by WarpedMind on :
All I can say is, thanks to Rick's pick, I've made a good profit for a newbie and, more importantly, I've learned alot about how to actively make money on a stock that seems to be stagnant and rolling between two low prices. (I just did this yesterday on MOTGE.) Thanks Rick for your dd and for sharing.
Posted by Nile on :
I agree.... dont let some punks run you away ric. Your DD and hard work are greatly appreciated!
Posted by Bluemound_Freak on :
I was Joking Rick, I am in this to my eyeballs. Remember the Rye? GEEEEEEZ!
Posted by Bluemound_Freak on :
You know as a matter of fact I normally look for your posts as good advice and good picks because I am not good at picking winners, Hell I am man enough to admit it! That is why I am here is to make money off of your picks BECAUSE MINE NEVER DO! Now I beleive the others that are calling scam and pump and dump are being blatant and nasty with their comments and I was just poking fun! There is a difference!
Posted by rickpic on :
Bluemound
all set! I'm just getting a bit frustrated with squirls pecking at my nuts! The Due Diligents I do speaks for itself!
Heres a small list on this stock alone! British archives Spanish archives Canadian shipwreck records every shipwreck forum records of the war of 1812 phone calls and E-Mails to experts in shipwrecks calls to the COO of this company filings salvage records history's of ships and where they traveled coin values pirate records personal historic letters about wrecks calls to public officials about permits held newspaper reports of wrecks and finds search of all public statements by Bob Mackinnon and Jim Sinclair and so on.....................
Hell the only thing I haven't done here is go dive the wrecks myself....Hmmmmm!
I own 32+m shares after all that digging and that should tell you something in itself!
Rick
Posted by Bluemound_Freak on :
I just like to fun around with people from time to time because it gets so dang serious and sometimes ridiculous around here. The question was what is the projected pps for this stock? Now how in the hell should you know this? If you do then I would also like to know the final score to the Colts and Patriots game next Monday night so I can make some green on that one too!
That is why I said what I said!
Posted by WarpedMind on :
Rick,
Do you have a background in this stuff? How did you get your hands on all this? I'm impressed. Do you do this much DD on all your picks, or is there a special reason for the focus on this one?
Great stuff Rick!
Posted by rickpic on :
WM if I hold a stock for more than 3 days the chances are that I know more about the goings on than most investers in the same company! I have an edge in the market because I creat it for myself by digging up stuff that most would not find! I do this full time and I hate weekends. The key to making money is to be in before the croud and also out before the croud. This particular stock has what it takes to make it. A great story to be told, Treasure, and mystery. Every invester in the market is a gambler and these are the things they like the most! Diamonds, gold, oil, and untold riches. Well thats what we have lots of right here and thats why the buyers will come in, when the PR's start coming! I'm ready! Are you?
Posted by Bluemound_Freak on :
Been Ready since this thing was CALI! Come on PR!
Posted by WarpedMind on :
Heck yeah! As soon as I have some more money, I'm gonna try to get back in. I hope I can get back in in time.
You should be a private investigator with the type of dd you do!
Posted by rickpic on :
Posted by rickpic on :
Just in case you guys are wondering what the history is where there diving right now! Thats it Sable Island and Cape Brenton NS!
Posted by tech1 on :
Remind me to NOT take a cruise to Nova Scotia.
Posted by HossTrader on :
So much for that fishing trip!
Posted by rickpic on :
Posted by crockett on :
Someone got some .0004's again
Posted by HossTrader on :
I got some more at 5. Now we need to kick NITE off the ask
Posted by clintonj on :
My .0003 buy order may not see the light of day again so i bid it back up to .0004. should get some there in the next day or so
Posted by rickpic on :
I hope you guys didn't get locked out! This looks like a good move, with little resistance above it!
Posted by crockett on :
quote:Originally posted by rickpic: I hope you guys didn't get locked out! This looks like a good move, with little resistance above it!
yea saw all those buys at 0006, I'm wondering if I should bump my current sell price from 0007 to 0008.
Right now while I'm learning this stuff I'm just going for quick 20%-50% gains. Honestly though with out any PR there is no real reason it would go over 0007 is there?
Posted by WarpedMind on :
To be honest, I hope the PR doesn't come out for a little while (sorry guys, I want all of you to make money too on a big run, but right now I'm not in this at all)... I hope it'll be long enough to give me a chance to make some decent money with MOTGE and then put it here on SVXP.
Posted by HossTrader on :
We need some volume. I am fallin asleep here!
Posted by gohigh on :
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
Posted by prefect on :
man this is boring!
Posted by HossTrader on :
At least we upticked today on low volume. That is a good sign.
Posted by HossTrader on :
I spoke too soon. Downtick
Posted by crockett on :
quote:Originally posted by HossTrader: I spoke too soon. Downtick
haa what are yea talking about, we had a hell of a uptick .005 Posted by prefect on :
all these hits at the ask and no change on the l2s?!
Posted by gohigh on :
Someone's 4's are filling. Not mine. Posted by stickfigurefred on :
Yea i've been tryin to fill at 4 myself all day, no luck yet. Oh well without news im sure it will happen Posted by prefect on :
Did anyone see they posted their financials yesterday?!?!
Posted by WarpedMind on :
Dang, I wish I was in right now. Great financials!
Posted by Nile on :
Can any one explain the financials please! Why is Net positive quarterly but negative annually?
Posted by rickpic on :
I see they have added some coins and artifacts to there web page
the first coin is a 1722 (struck over a 1720) FRANCE:,Louis XIII 1715/1774 Ecu de france Limoges rv:SITE NOMEN DOMINE BENEDICTUM 1722 I TB- Poids:23g Diamétre:38mm Metal
still looking up the rest!
Posted by Nile on :
ric, how high do you see this going?
Posted by rickpic on :
when it gets there I will know! Posted by Nile on :
do you have a projected pps?
Posted by rickpic on :
NOPE!
Posted by Nile on :
cool....
Posted by Persia on :
Sovereign Exploration Associates International, Inc. Displays Recovered Coins and Artifacts 11/3/05
NEWTOWN, Pa., Nov 03, 2005 (BUSINESS WIRE) -- Sovereign Exploration Associates International, Inc. (OTCBB:SVXP) announced today that photographs of some of the coins and other artifacts recovered from two of its site operations are now available for viewing on its web site (www.sea-int.com). Artifacts recovered from both sites indicate that there are multiple ships at each site. The Company's highly experienced experts are in the process of conserving and evaluating thousands of artifacts recovered from the sites over the last two years. SEAI has retained an independent third party to appraise the artifacts. The collection is comprised of a number of important pieces including gold and silver coins.
As the conservation work progresses, additional items will be displayed on the website with appropriate comments by the experts. Bob Baca, CEO of Sovereign Exploration Associates International, Inc., said, "Each week, I am more excited about what we have recovered and we look forward to sharing information with our shareholders, collectors and other interested parties through our new website".
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. (OTCBB:SVXP) is a Business Development Company under the Investment Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXP has filed Form 8-K.
Posted by tech1 on :
Already at the daily average for volume.
Posted by stickfigurefred on :
Yea volume is excellent this morning.
Posted by clintonj on :
91 mil shrs and no mov'mt smacks of dilution to me...someone set me straight here thx Posted by Thorn on :
Contrary to popular belief, volume does not make a stock move, but rather it is the forces of supply and demand (or MM manipulation). That PR didn't have much to say and had no numbers. However, I'm sure they are going to sell new shares into the system (why else become public?).
Posted by gohigh on :
On the contrary Thorn, I believe they're going to take shares out of the system (by next April), via a reverse split. Those sure are some nice looking artifacts they're finding down there. Hopefully, they'll post more pictures and tell us what some of the stuff is worth.
Posted by WarpedMind on :
I think it's good that they're posting pics... it helps build confidence and excitement in the company. But do you think the PR was necessary? Is this considered fluff? I'm guessing not, because of my first sentence... but what do you all think? (I'm not really sure it's important enough to affect the pps very much.)
Posted by rickpic on :
WM It was there way of introducing the web site to the investing community and the PR tells you something much more important than that and that is that they have been diving these wreck sites for 2 years and have recovered 1000's of artifacts!!! Posted by Thorn on :
I'm of the opinion that most anything without numbers is fluff.
Gohigh, I don't follow you. Whether they r/s today or April 1, 2006, they are still going to sell shares.
Posted by Thorn on :
quote:Originally posted by rickpic: WM It was there way of introducing the web site to the investing community and the PR tells you something much more important than that and that is that they have been diving these wreck sites for 2 years and have recovered 1000's of artifacts!!!
I could recover thousands of artifacts from my backyard over the past two years. Without numbers, it is meaningless. Sure, it is related to sunken treasure and should be valuable, but without verifiable numbers it is just fluff.
Posted by rickpic on :
Whatever Thorn! I hope you get your fill at .0004!
Posted by Thorn on :
quote:Originally posted by rickpic: Whatever Thorn! I hope you get your fill at .0004!
Ricpick, I have no cash right now. If you knew my position, I would take that as a joke.
However , I would rather be cautious and skeptical than overconfident when dealing with the OTCBB; now, wouldn't you agree? Maybe you should go read the CMKX thread if not (not that this stock is even close in comparison).
Let's put it this way: do you know the management personally? Do you know their plans and intentions? I don't.
GLTY
Posted by gohigh on :
Thorn, I honestly don't know how many shares of this company will be available next year at this same time, after everything is said and done. It IS nice to know what they're finding down there. So far, everything we've heard is from Rick. So it's nice that the company is actually going to release a little PR now and then.
Posted by imakmony2005 on :
RICK,Need cash what do i buy right now, i just want to hold it for a few mins and sell for big profit, might be able to hold it for hour are so. thanks.ahhahhahh
Posted by gohigh on :
And Thorn, at 1/20th of a cent per share, I WOULD invest in the artifacts in your backyard too, without any numbers. And you probably don't even have any riches buried there.
Posted by Thorn on :
quote:Originally posted by gohigh: And Thorn, at 1/20th of a cent per share, I WOULD invest in the artifacts in your backyard too, without any numbers. And you probably don't even have any riches buried there.
Good point. Maybe that's why I'm here too.
And speaking of investing in stuff from my backyard...contact me lol
Posted by WarpedMind on :
quote:Originally posted by imakmony2005: RICK,Need cash what do i buy right now, i just want to hold it for a few mins and sell for big profit, might be able to hold it for hour are so. thanks.ahhahhahh
should start to move up someday imo break the .0008 point.......
Posted by Thorn on :
"If we can get to it (the Washington wreck site) . . . items recovered below could go up over $1 billion in value," Mr. MacKinnon said with a smile.
$1B / 250B shares = $.004 pps
And that's just that one ship PLUS assuming all authorized shares are allocated (dilution? lol).
Posted by stickfigurefred on :
Bring it on!
Posted by WarpedMind on :
Hey Rick...
Do they get to keep all of the salvaged items? What percentage are they allowed to keep as profit as opposed to being required to hand over to federal or state governments?
Posted by tech1 on :
I think the article said they have to give the gov. 25%, auction/sell the rest.
Posted by dwaynes on :
tech1 whats the word on MOTGE
Posted by Thorn on :
quote:Originally posted by tech1: I think the article said they have to give the gov. 25%, auction/sell the rest.
I'm pretty darned sure it is 10%.
(edit) Found it... "Mr. MacKinnon said parts of Nova Scotia's coastline are among the richest in the world based on the number of wrecks, estimated to be in the thousands.
The province takes a 10 per cent share of all goods recovered from such wrecks. Le Chameau Explorations and its shareholders get the rest to sell at auction houses, mostly in Europe or the United States." (/edit)
quote:Originally posted by dwaynes: tech1 whats the word on MOTGE
Please don't highjack this thread.
Posted by WarpedMind on :
I'm pretty sure tech1 checks that thread too.
Posted by tech1 on :
Thorn's right, 10%. "The province takes a 10 per cent share of all goods recovered from such wrecks. Le Chameau Explorations and its shareholders get the rest to sell at auction houses, mostly in Europe or the United States."
Posted by WarpedMind on :
quote:Originally posted by tech1: its shareholders get the rest to sell at auction houses, mostly in Europe or the United States."
Does this mean that the shareholder's get some sort of dividend for this? What exactly does this mean and how do the shareholder's benefit directly? Sorry if it's a dumb question... I'm still figuring all this out.
Posted by tech1 on :
It's just a nice way of including the shareholders with the company. The company sells the stuff, the company earns a profit; thus, the shareholders value increases.
Wouldn't it be nice if the company actually sent us a bunch of artifacts and said 'here, go sell these'?
Posted by WarpedMind on :
Heh. Yeah, that'd be cool. They could come up with some program that anyone who holds x amount of shares for x amount of time will get one coin or artifact of a low value. That'd be sweet.
Posted by Thorn on :
Hmmm. I don't think most of us would have any way of selling such items--at least, not at a decent price. Keeping some of it might be nice tho.
Posted by tech1 on :
eBay. I sell a TON of stuff there.
Posted by tech1 on :
Speaking of selling, there is a ton of selling going on today here.
Posted by Thorn on :
quote:Originally posted by tech1: eBay. I sell a TON of stuff there.
I said "not at a decent price." eBay prices for regular junk is at least 20% off wholesale price--but we are talking collector's items here, so it would be far worse. Try selling comic books at a good price on eBay. It's a buyer's market.
Posted by HossTrader on :
Anybody see that flood of buys all of a sudden?
Posted by HossTrader on :
Over 12 million shares bought at 0005 in about a minute
Now the uptick!
Posted by Nile on :
3 buys of 999900 at .0005
Posted by HossTrader on :
bump
Posted by tomas on :
SVXP - I received an email from Curt Sprouse, COO of SEAI, regarding whether Captain Bob MacKinnon was on their team or not, which was a big concern I had. I wanted to be sure this guy was "on board" - no pun intended:
Dear Chris,
Bob Mackinnon is involved with the SVXP portfolio companies. Thanks for you interest and support.
Curt
Curtis R. Sprouse COO Sovereign Exploration Associates International, Inc. 333 North Ave. Suite 2B Wakefield, MA 01880 781-246-7512 office 781-245-7774 fax csprouse*sea-int.com www.sea-int.com Posted by Thorn on :
Tx Tomas.
And that's not me getting filled at .0004; I have no cash. Is that you rickpic? Posted by Thorn on :
quote:Originally posted by bullish_pennystocks: looks like naked shorted
Yip.
But is it? Shorting by itself would explain the downturn...naked shorting would require a much larger vol, imo.
---------- With lack of PRs or any reason for it to go up, I wouldn't blame them for shorting it tho. A stock can't stay up long without some kind of income report to back up the rise in pps. (case in point: GTE).
Posted by HossTrader on :
There hasn't been a lot of volume either. With low volume, people waiting for a short term spike tend to get bored and bail. With no news, and no numbers, any stock will trend downward.
I can't wait until they start getting in some appraisal numbers.
Posted by Thorn on :
Heh, I didn't want to say it, but it does look like the MM's are closing out the 4's. One last trade at 5 today.
Of course, they can just take it back down tomorrow, but it looks nice to finish the day at "5".
Posted by rickpic on :
I was able to identify the half coin shown on the site as a
I'm still looking for an exact match for the one used as a picture on the main page of the web site but it is also a 1652 Massachusetts Pine Tree Shilling! We have early Colonial Artifacts coming up from our wrecks! Posted by rickpic on :
I just identified the coin used on the main page of the web site!
I'm impressed Rick. I wonder how much booty there is down there. Bring it up and let all of us shareholders have a look at it. I'm not selling at 0.0005!
Posted by stockster5 on :
My take on penny company PR's is most of them belong in the outhouse for usage. Probably better off reading actual sec filings, at least they have to have some traceable truth to them.... I think.
Making a speculative statement of one ship with over 1 billion worth of treasure is purely PR crap and meant only to lure unsuspecting investors. Think about this: --> Spanish galleon Nuestra Senora de Atocha in the Florida Keys sunk in 1622, found in july 1985, by Mel Fisher had a treasure of treasure worth an estimated $200 million to $400 million at the time. This is still the richest galleon ever discovered. And has taken over a decade to reach the surface.
I've been in treasure hunting with metal detectors in water and land since 1973 when they were just big bulky boxes with one non discriminating frequency. I have been following Fisher's finds most of my life as well. If your talking salvage, then just go to Fishers websites.....melfisher.org or com. (I use Fisher because he (or his company)is known for underwater salvage and easily recognized.) There are other worthy companies out there too.
If your talking legacy stock opportunity, Fisher would of been nice early on. SVXP Sovereign Exploration Associates International on the other hand, with a few reverse splits and name changes in it's history, I would think careful thought and research is in order. As for any penny start up company.
Point being, penny stock is a penny for a reason, and if it's been that way more than a year, then all may not be happy. Investor beware. S5 and yes, I am a shareholder, but only in the 100K range.
[ November 08, 2005, 01:37: Message edited by: stockster5 ]
Posted by stockster5 on :
And since I have a non margin account, I can't put my stops in at more than a sub penny spread, so this forces me to hold longer than I ideally would.
Posted by rickpic on :
In case you missed it guys look back at the last page here, for some history on a few of the coins recovered and put up on the website!
Posted by Thorn on :
quote:Originally posted by stockster5: Making a speculative statement of one ship with over 1 billion worth of treasure is purely PR crap and meant only to lure unsuspecting investors.
On the contrary, that was the estimate for a ship carrying items that belonged to the US prior to the Capital being burned (assuming they could recover some of the items)...I don't think you understand.
Oh, and they are talking numerous wrecks, not just one.
[ November 08, 2005, 09:30: Message edited by: Thorn ]
Posted by rickpic on :
Sovereign Exploration Associates International, Inc. Submits Artifacts to the Canadian Province of Nova Scotia 11/8/2005 9:55:01 AM NEWTOWN, Pa., Nov 08, 2005 (BUSINESS WIRE) -- Sovereign Exploration Associates International, Inc. ( SVXP ) announced today that its portfolio company, Artifact Recovery and Conservation, Inc. (ARC) has submitted artifacts from several ships, one being the Le Chameau, to the Canadian province of Nova Scotia for artifact selection. ARC identifies each site by a reference number; Le Chameau is just one of the ships being recovered in project site CBNS-1.
ARC's President, Captain Robert MacKinnon states: "We are pleased with the volume of high quality artifacts from the CBNS-1 project site. In particular, Le Chameau continues to produce artifacts of intrinsic and historical significance. Over the past two years, we have recovered military and religious artifacts in addition to flatware and coins that support the diversity of the cargo carried by Le Chameau and largely un-recovered by prior recovery attempts. Site CBNS-1 has also yielded Colonial and British artifacts from other ships in the site."
Sovereign Exploration Associates International, Inc. will post a history of the Le Chameau and images of selected artifacts recovered from the CBNS-1 site on its WEB site: www.sea-int.com.
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. ( SVXP ) is a Business Development Company under the Investment Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXP has filed Form 8-K.
Posted by rickpic on :
Start doing your homework guys I know what was on the Le Chameau when she went down! DO YOU? I also know whats been recovered by a prior dive company and that they didn't even scratch the surface! I'll give you a hint and that is that the cargo was to finance almost everything that was happening in that area at that time!
Posted by Thorn on :
Oops. Too slow. <news deleted>
Tx, Rickpic.
quote:According to an official French despatch dated June 5th, 1725, the "sum of 289,696 livres for the annual expenditure in Canada will be sent on the Le Chameau."
[ November 08, 2005, 10:32: Message edited by: Thorn ]
Posted by crockett on :
Alex Storm didn't even put a small dent in what is down there! Posted by rickpic on :
Not posted yet, but I'm assuming that your eyes are about to get opened as to what you have really invested in here!
Sovereign Exploration Associates International, Inc. will post a history of the Le Chameau and images of selected artifacts recovered from the CBNS-1 site on its WEB site: www.sea-int.com. Posted by Thorn on :
Parke Bernet Galleries, Inc. Recovered Treasure from Le Chameau Contents: Coins, Artifacts Shipwreck(s): Le Chameau Comments: Auction held on December 10 & 11, 1971 in New York City Size: 7” x 10” Pages: 31 Publisher: Published by Parke Bernet Galleries, Inc., New York City (1971) in paperback. Description: This auction catalog includes 690 lots of French gold and silver portrait coins of Louis XV, 14 artifacts, and 2 jewelry items recovered from “Le Chameau”, which sank off Nova Scotia, Canada in 1725. The history of the wreck is included. -------------------------------- Stack’s Public Auction Sale - Americana – Colonial and Federal Coins, Medals and Currency Contents: Coins, Jewelry Shipwreck(s): Feversham, Chameau Comments: Auction held on January 12 & 13, 1999 in New York City Size: 8.5” x 11” Pages: 246 Publisher: Published by Stack’s, New York City (1999) in paperback. Description: This auction catalog contains 18 lots of gold cobs and 26 lots of silver cobs from the “HMS Feversham” (sank 1711)…and a spectacular gold and emerald ring. Additionally, there are 3 lots of gold d’or coins and 111 lots of silver ecu’s from “Le Chameau” (sank 1725). There is a brief description of both wrecks included in the catalog. ----------------------------------
Posted by rickpic on :
Thanks Thorn! Once again I say the surface wasn't even scratched!
Posted by rickpic on :
Wreck Location Chameau Rock, just west of Cape Breton Point. Bow near shore, stern never found
quote:From treasure finds and extant records we know some coins minted for circulation in France were officially exported for use in Canada without being counterstamped. On the night of August 25-26, 1725 the french ship Le Chameau sank in a storm off Port Nova Island in Nova Scotia. The ship was salvaged about 1965 with the best inventory of the recovered coins located in the Parke Bernet Gallery auction sale catalog of December 10-11, 1971. There were 495 examples of the gold "Louis d'or mirlitons" of 1723-1725, with all dates represented; as well as about 200 silver "écu de 8 livres" of 1724-1725, with both years included.
That totals 12,080 "livres" in value, out of "sum of 289,696 livres".
[ November 08, 2005, 12:21: Message edited by: Thorn ]
Posted by rickpic on :
Thorn now your getting my point! By the way where would you store very heavy coin cargo? In the Bow or in the Stern? Posted by Thorn on :
quote:Originally posted by rickpic: Thorn now your getting my point! By the way where would you store very heavy coin cargo? In the Bow or in the Stern?
[ November 08, 2005, 12:37: Message edited by: Thorn ]
Posted by rickpic on :
Thorn this coin is:
a 1722 (struck over a 1720) FRANCE:,Louis XIII 1715/1774 Sol enfantin METZ av:LUDOVICUS XV DEI GRATIA TTB
rv:NAVARAE REX 1720(sur 19) FRANCIAE TTB+
Poids:12g Diamétre:29mm Metal
[ November 08, 2005, 12:49: Message edited by: rickpic ]
Posted by Thorn on :
ok. Better to leave these things to the experts (which I'm not). Thanks Rick.
Posted by crockett on :
I bought more at .0004 today. Hell even if they don't give out a PR anytime soon, you can make a nice profit just buying at the low and making a quick 50% at .0006 Posted by tech1 on :
2 5000 trades and a down tick. Get 'em while you can, I suppose!
Posted by Thorn on :
Isn't there typically a drop in pps before big news?
Posted by tech1 on :
Yes, but we've reached this pps before, with nothing. I'm curious about the 5000 signals though.
Still, picked up another 500,000.
Posted by rickpic on :
All I can say is go ridence to those who were willing to sell at .0004!
Posted by gohigh on :
I didn't buy anymore at 4, but I'm trying to get another million at 3! Good luck all!
Posted by crockett on :
quote:Originally posted by gohigh: I didn't buy anymore at 4, but I'm trying to get another million at 3! Good luck all!
Good luck.. I had a order in at 3 for several days and finally caved and bought at 4 today.. then what do you know.. it down ticks to 4. lol
I haven't seen any sells at .0003 so I don't think many will get their fills at that level.
Posted by stockster5 on :
ricpic..... in the stern area, mostly near the ballast (coins used as ballast in galleons) and in plain crates. Can't be too near stern or the officers would be sitting on the gold.
Posted by rickpic on :
Stockster
The gold and silver most likely would have been carried in keg like containers and would have been stored in the sterns cargo hold on lower decks away from passengers and crew, but what the hell do I know!
Posted by rickpic on :
when your figuring out the dollar value of the Species cargo, heres the break down!
One livre equaled 20 sols The Spanish dollar was to be accepted at three livres, nineteen sols and one dernier
or aproximately .25 for every livre
so if you dived the total livre by 4 you would have the equivilent of the dollar value that was shipped in 1725
silver gold and copper Jetsons
below is an example.
If you have 1m livre you would have approximatly $250k dollar value in gold,silver, and copper back in 1725 multipied by the price per ounce today! Add to that the valued given to historic shipwreck coins!
The worth of an "écu d'or", a French gold coin, was changed from 60 sols to 57 sols in 1573.
To curb increasing use of the Spanish "real", its official worth was decreased to 4 sols 2 deniers in the 1570s.
The word "livre" comes from the Latin word "libra" which was a Roman unity of weight. In French the word "livre" meaning pound (weight) has existed in France from the Middles Ages, and although the French metric system has largely to replace it with kilograms, it continues to be used today in some commercial contexts (such as shopping at a butcher's or a vegetable stand).
[ November 08, 2005, 16:11: Message edited by: rickpic ]
Posted by rickpic on :
Posted by stockster5 on :
not in kegs rickpic... more like gun chests, rectangular, heavy wood sealed with basically 30 or forty nails... this was to stack and store in the holds more efficiently as well as have one man handle them since they weren't huge. Also, any gold or silver coins of that day, would NOT be pure by today’s standards, they did not have the chemicals and processes of later years.
Posted by rickpic on :
Essay on the Nature of Commerce in General
Richard Cantillon
1755
So it is that the expense of transport from Rouen to Paris and from Paris to Rouen amounts generally to 50 sols per bag of 1000 livres which in the language of the bankers is 1/4 percent. The bankers generally send the money in strong kegs which robbers can hardly carry off because of the iron and the weight, and as there are always mail coaches on this route the costs are not considerable on the large sums sent between these two places.
Im back in and it looks like just in time.keep it coming rick great DD MAN.
Posted by rickpic on :
Biography The Ravan
The fortunes were at the root of the trouble. At Belfast too many kegs of gold sovereigns had gone on board under the meditative eye of the Master. It was uncommon for emigrants to be so well fixed. Half-seas-over the situation got the best of the Skipper. But his buccaneering plot was found out, and the passengers overwhelmed the ringleaders and took charge of the ship. One of their number said he understood enough navigation to bring her into Philadelphia.
That had happened eight days ago, and a landfall was overdue. But prayer fortified the voyagers' spirits, and surely enough, before the day was out, a seaman cried, "Land ho!" and the South River capes spread into view.
When the ship came to berth a thick-set man in middle life, with silver buckles on his shoes, stepped ashore with his mother, his wife and six children. The family of "John Houston, Gent.," descendants of baronets, whose ancestors were in the company of Scottish archers that led the way for Jeanne d'Arc from Orleans to Reims, stood on the wharf and saw their keg of sovereigns safely on the soil of the New World, in the year 1730.
Well, Ricpic, kegs is correct if your using horse and carriage ...'carriage of money If there were often robbers on the road the money would be sent in large amounts' as referenced by your link. Those carriages would get about 10 feet into the water before become sunken treasure. I thought we were discussing 1500 and 1600 sailing ships. On a sad note, these ships sometimes used slaves to stay with the cargo amongst the slime and bilge to guard them. Nice job eh
Posted by stockster5 on :
Sorry Ricpic, I thought we were talking spanish sailing ships, They did not use kegs. I'll try to be precise in my posts.
Posted by stockster5 on :
I will DD what svxp is working so I can get with the program.
Posted by Nile on :
I just wanted to say that this thread is so fun to read....
I think that this is every kids dream, to find bury treasure! Hopefully when Im able to get into this one, it will be more fun when it runs!
Posted by iwearpro on :
quote:Originally posted by imakmony2005: Got to watch rick on this one he owns 10% of the company.
Posted by stickfigurefred on :
Agreed, you guys are doin great DD. Exploration has always fascinated me.
Posted by rickpic on :
could be good reading!
Dwyer, Terry Wreck Hunter – The Quest for Lost Shipwrecks ISBN/ISSN: 1895900670 Category: Sunken Treasure Keywords: Tilbury, Triton, Empire Manor, Sussex, Auguste, Leonidas Comments: Includes a bibliography; illustrated Size: 6” x 9” Pages: 208 Editions: The first edition (not stated) was published by Pottersfield Press, Lawrencetown Beach, Nova Scotia (2004), in paperback. Description: This book describes the author’s exploits underwater, including the salvage of both modern and historic wrecks. Many wrecks in the Nova Scotia area and their treasures are described, including the “HMS Tilbury”, “Le Triton”, the “Empire Manor”, “L’Auguste”, and the “HMS Leonidas”. The book also describes the search for the “HMS Sussex” off Gibraltar.
Posted by Thorn on :
I just wanted to mention that a coin from the 1700's is going to be worth a lot more than its weight in highly-refined modern gold (regardless of what it is made of). Historic value for the win!
Posted by stockster5 on :
Thorn... did you know that there are globs of coins that anneal to themselves after long time in salt water and need to be sold as bullion as the numistic value is negated. It happens.
Posted by stockster5 on :
Does ricpic really have that interest in this company,?? That may explain his 'inflated' strong interest in this company. But treasure hunting is still one of the coolest things out there.
Posted by rickpic on :
Sockster
You have 20 posts to this thread and you make a statement like this!
"I will DD what svxp is working so I can get with the program."
Seems anything good that anyone says, is wrong in your eyes and needs correcting. Not unlike the KEG debate.
Now you say this!
That may explain his 'inflated' strong interest in this company.
I like the companies assets, and Im finding it enjoyable doing the Due-Dilligence on the wrecks, and for the record you are the only one viewing this as negetive.
I'd rather be reading about shipwrecks, than some anal micro-chip development, or medical jargin!
If you don't like the DD that everyone else has done for you here. Then go back to the CMKX thread that you post to so much!
Posted by Nile on :
Dammmmmnnnnnnnnnn .....
Posted by crockett on :
quote:Originally posted by stockster5: Does ricpic really have that interest in this company,?? That may explain his 'inflated' strong interest in this company. But treasure hunting is still one of the coolest things out there.
Even if Rickpic was only pumping this stock because he had interest in it. It would be your own fault if you buy into it and don't do your own DD.
You have 3 options.. 1)do your own DD and buy at your own risk. 2)believe what you read on the forums and buy with out DD. 3)don't buy.
All are you're own choices so if you make money or lose money it's all up to you and you can't put blame to anyone else.
Personally I'm new to this stuff, so I depend a bit more than I should on other's posts. I still try to do my own DD but sometimes it's hard to know what to look for. So right now I'm just looking at the stock's trends and trying to make money that way.
From my own reading I think a long term big money from a penny stock is a pipe dream, but it doesn't mean you can't make money with it.
I've already made a little over 50% my initial investment on this stock, and I'm about to do that again. I'm thinking by the end of the week I'll make another 50% plus. So that will put me at over 100% profits and this stock has yet to ever go on a run.
Hell I could make a small fortune on this stock if it kept doing what it's doing now, for the next 6 months.
Posted by Nile on :
Looks like well hit .0003 today by the L2's, but dont worry.....
Posted by rickpic on :
Maybe it will Nile! Use your own judgement! Just for the record, its not me in there selling! Before someone jumps in and suggests that again! Posted by rickpic on :
That's the best thing about gold from shipwrecks... It looks just as good a few 100 years later as it did they day it sunk.
Posted by rickpic on :
From the new update to the web site! GOLD!!
Louis d’or, minted in Paris between 1720-1725
[ November 09, 2005, 09:48: Message edited by: rickpic ]
Posted by Thorn on :
quote:Originally posted by stockster5: Thorn... did you know that there are globs of coins that anneal to themselves after long time in salt water and need to be sold as bullion as the numistic value is negated. It happens.
Stockster, did you notice that the pictures on the company website are NOT gobs of coins?
------------------------
These guys are pretty smart. They are working up slowly to the really good stuff. I wonder if there is something even more exciting than those gold coins. (It may not be, but this is a fun stock/thread).
Posted by stickfigurefred on :
Yea its almost like throwing money into a good book, eh?
Posted by crockett on :
quote:Originally posted by stockster5: Thorn... did you know that there are globs of coins that anneal to themselves after long time in salt water and need to be sold as bullion as the numistic value is negated. It happens.
That doesn't happen to gold. Salt water won't effect it.. Silver on the other hand will deteriorate..
That's why the treasure hunters call gold the "shinny stuff".. because as in my other post.. It looks just as good 200 years later as it did the day it went down.
Posted by rickpic on :
Looks to me like the silver is doing pretty good down there also! this could however be White Gold!
Posted by crockett on :
quote:Originally posted by rickpic: Looks to me like the silver is doing pretty good down there also! this could however be White Gold!
yea I was looking at that one trying to figure out what it was. I dunno if they were mixing metals for coins at that time in history or not.
This one also got me wondering, looks to be copper. I'm not sure how long they used it, but I know back in the 1500's copper was considered a rare metal and used much the same a gold.
Posted by stockster5 on :
For the record...Ricpic, I meant read more about the wreck so I can have an intelligent conversation with you and others. If one reads a little deeper about salvage, some objects and nonferrous and ferrous metals will have any amount of crustaceans. This stuff is like cement as well. And will most likely need all sorts of types of cleaning. The same technique of electroplating, but with the objects as anodes would be used on coins and other metal And good point Crockett. It's just such a fine line about gushing about a company sincerely and pumping a stock. One of the really good thing Ricpic does is always gives links. So I respect that. Unfortunately, I have always enjoyed treasure hunting in any form, so I would be susceptible to anything positive about salvage, so as an investor its only prudent to do your own research..
Posted by rickpic on :
stockster
Its pretty obvious that you would prefer me to just stop posting on or about this company and you know what you have gotten your wish! First "inflated" now "Gushing" ok before I get pissed off and just tell you were to go with your F'n insults.
Sorry guys no more from me here!
Good Luck With this one! At this point I still have a 30m plus holding, but I will no longer be sharing my buys and sells here either!
Posted by Big Green 1 on :
stockster -
YOU NEED TO SHUTUP!!
It seems like ALL you can do is bash someone who provides valuable information. Take your opinions to another forum!!
NOBODY gives a rats *** about you or your thoughts!!
Posted by crockett on :
edit.. didn't notice the date..
Posted by crockett on :
quote:Originally posted by rickpic: stockster
Its pretty obvious that you would prefer me to just stop posting on or about this company and you know what you have gotten your wish! First "inflated" now "Gushing" ok before I get pissed off and just tell you were to go with your F'n insults.
Sorry guys no more from me here!
Good Luck With this one! At this point I still have a 30m plus holding, but I will no longer be sharing my buys and sells here either!
Hey man these forums all seem to be full of bashers and trolls. Don't let a few of them get to you. Some of us enjoy your posts.
Was your post on how to play the penny stocks that made me finally jump in and give this a try.
Posted by WarpedMind on :
Oh that's just great. Rickpic is gone?!?!
Rick, man, come back! I've been enjoying your posts.
If you come back, I'll give you 10000 shares of RYE. How bout it, buddy?
Posted by stockster5 on :
He'll be back. Ricpic knows you guys get information from him. One person posting anything shouldn't break any poster.
Posted by stockster5 on :
Too bad, I was going to suggest Ricpic start another thread about the salvage only and keep this one for the stock questions. But, don't worry, he'll be back
Posted by stockster5 on :
Hey, I apologize, how about 'typing sincerly about a company' ..??
Posted by WarpedMind on :
ALright rick, you're twisting my arm...
one MILLION shares of RYE.
How 'bout it, huh?
Posted by Big Green 1 on :
YOU ARE MISSING THE POINT STOCKSTER -
WE DO NOT WANT TO SEE YOU ANY LONGER ON THIS THREAD - TAKE YOUR NEGATIVITY AND MOVE ON!!!!!!!!
Posted by WarpedMind on :
Ouch.
Posted by stockster5 on :
Thanks BG1 .. I'll consider it. But it's up to Ricpic if he wants to be an adult and just ignore me or other people when they question anything about his posts. Then he can go back to doing stuff for you folks. And since when is looking at a companies financials on otcbb where it's in black and white about a company's history is negative. Don't you have to weigh the good with the bad for a balanced picture. And stop screaming BG1. It' hard to read. I peruse these boards for stock information, not to stroke anyone’s ego.
Posted by stockster5 on :
300 = Take the price down to get shares....
Posted by tomktoo on :
Hey Ric, why would you let one poster upset you so much? is their something else here we don't see? i really appreciate all the info. you come up with, hope you will continue.
Posted by a4realguy on :
I think it's ready for a run..
Posted by Thorn on :
Gee, thanks. That information is so out of date it is a disservice to list it here. AS is 250B. Just read the last 8K.
Posted by WarpedMind on :
Hey everyone, we're here to make money right?
So let's make some money.
Come on everyone, group hug.
RYE for everyone!
Posted by HossTrader on :
Wow, I am gone for almost exactly 24 hours and I missed all kind of drama! Thanks for what you have posted so far Rick! I don't blame you if you want to go quiet for a while though.
Posted by Thorn on :
Need some corned beef, swiss, and sauercraut on that rye, Warped. Posted by WarpedMind on :
Alrighty... just don't dump the stock anytime soon. Posted by stickfigurefred on :
Typical Wednesday Posted by iwearpro on :
Is this kindergarden class? Is it nap time is it. Posted by Thorn on :
500 trade at .0003...
500 = Gap one way or the other, usually to the direction of the 500 trade. Sometimes -if in the middle -keep the price right where it is.
It will be interesting to see if this happens. Not much else; just interesting.
Posted by stockster5 on :
Jeez Thorn. Don't be so literal. It was just a link to that part of the site. I will be more diligent from now on. But, then again, I'm not allowed to post here. Okay, enough of that nonsense. Lets talk stock. Thorn, are you meaning the MM's gap numbers? Well, I'm not dumping mine any time soon either.
Posted by m69jump on :
No offense intended. Just that those otcbb stats are way out of date, making it misleading. You do realize that the CALI mgmt has nothing to do with SVXP now, right?
I don't know much about mm signals...have even heard them called an urban legend. This is the first "500" I've seen. Wouldn't that mean gap to .0003 tomorrow on open?
Posted by m69jump on :
sorry two form 4's and one 3.......
Posted by imakmony2005 on :
BEAT IT STOCKSTER5, WHAT A KOOK SHUT YOUR MOUTH AND ENJOY, YOU BRING NOTHING TO THE TABLE.
Posted by imakmony2005 on :
gap open yes, but im rideing for free now......
Posted by Big Green 1 on :
STOCKER -
WHY MUST WE KEEP TELLING YOU TO SHUT YOUR FREAKIN PIE HOLE - GET IT THROUGH YOUR THICK HEAD THAT NOBODY WANTS YOU HERE, NOBODY GIVES A FLYING ********* WHAT YOU THINK SAY OR DO!!!!!!!!!!!!!
I WILL NOT AS YOU ASKED STOP SHOUTING AT YOU.....
I WILL CONTINUE TO MONITOR YOUR NEGATIVISM, AND WILL START TO REPORT YOUR POSTS, AND CONTINUE DOING SO UNTIL THE ADMINS OF THIS FORUM BAN YOU!!
I'VE DONE IT BEFORE, AND WILL DO IT TO YOU SO FAST IT WILL MAKE YOUR HEAD SPIN....
YOU AND YOUR COMMENTS ARE NOT WELCOME ON THIS THREAD!!!!!!!!!!!!!!!!!
Posted by stockforfun on :
Bought at $.0006, can not sell at $.0004. Have anyone have any idea ? Do you think it will drop to $.0001 ?
Posted by crockett on :
quote:Originally posted by stockforfun: Bought at $.0006, can not sell at $.0004. Have anyone have any idea ? Do you think it will drop to $.0001 ?
You should try reversing that buying method you have there..
Even if it drops to .0001 you will never buy it at that price, the ask will be at least .0002.
This one peaked at .0007 last week on it's owen with no news, why not hold out a bit and see if you can sell at a profit.
Posted by rickpic on :
PS it says kegs in there as well! Posted by rickpic on :
Known Specie Shipments on Le Chameau
1. Funds for the Academy of Sciences in Montreal: 61,000. livres 2. Funds for the General Hospital at Quebec: 102,000 livres 3. Funds for the General Hospital at Montreal: 200,000 livres 4. Funds for the Seminary at Quebec & Trois Rivieres: 60,000+ livres 5. Funds for the Quebec Government (loan from the Compagnie des Indes): 547,000 livres 6. Payroll specie for troops at Quebec: 82,010. livres 7. Funds for the Fortress at Louisbourg: 50,000 livres 8. Funds for the fortresses at Michigan & Quebec: [?] 9. Funds for Paris pensions for St. Louis holders: 48,000 livres 10. Funds for the Quebec government: 289,696 livres
The documented financial losses involving specie shipments on this vessel minimally consist of a total of 1,439,706. livres, or approximately 1.5 million livres. Add to this the possible personal possessions of the known wealthy passengers, and the as-yet total amounts of Church funding and other government allocations and the grand total of actual specie shipments could well exceed 2 million livres.
The CBNS-1 site is a treacherous location with many known and as of yet unidentified wrecks. Artifact Recovery and Conservation Inc., a portfolio company of Sovereign Exploration Associates International, has continued successful artifact recovery work the identified wreck of the Le Chameau
Posted by rickpic on :
quote:Originally posted by rickpic: when your figuring out the dollar value of the Species cargo, heres the break down!
One livre equaled 20 sols The Spanish dollar was to be accepted at three livres, nineteen sols and one dernier
or aproximately .25 for every livre
so if you dived the total livre by 4 you would have the equivilent of the dollar value that was shipped in 1725
silver gold and copper Jetsons
below is an example.
If you have 1m livre you would have approximatly $250k dollar value in gold,silver, and copper back in 1725 multipied by the price per ounce today! Add to that the valued given to historic shipwreck coins!
The worth of an "écu d'or", a French gold coin, was changed from 60 sols to 57 sols in 1573.
To curb increasing use of the Spanish "real", its official worth was decreased to 4 sols 2 deniers in the 1570s.
The word "livre" comes from the Latin word "libra" which was a Roman unity of weight. In French the word "livre" meaning pound (weight) has existed in France from the Middles Ages, and although the French metric system has largely to replace it with kilograms, it continues to be used today in some commercial contexts (such as shopping at a butcher's or a vegetable stand).
Posted by crockett on :
interesting.. to say the least. I got another order filled today at .0004 and I'm hoping to get some more before it starts going back up.
Posted by WarpedMind on :
rick! you're back!
Woo hoooooo! The cool posts with treasure stuff rolls back in!
1.5 mil RYE for you.
Posted by rickpic on :
don't miss the point of my return above! 30000 coins were recovered by Alex Storm in 1965 but 1.5-2m were on the ship! and now there ours! Thats only one wreck and we have 14 more!
Posted by Thorn on :
o
m
g!
Posted by stockster5 on :
Told you he'd be back. Ricpic, who cares, keg or case, it's whats in them that matters.... can't sell the keg containers anyhow. (I don't think)
WOW BG1, you off your meds?? You can do anger management on the internet you know!
Yes Thorn, I see what you mean how that could be misleading. Sorry. The ask looked like the mm's tried to keep it at .0005. But 2 sales at .0003 is interesting. I like the way this stock at least moves, one way or another so it's got a pulse. Did CALI buy into or buy up SVXP. Cali has no experience that I could find with salvage but is a investment type corp. Business Summary
CURRENT BUSINESS INFORMATION: CALI Holdings, Inc., a Business Development Company, has developed its portfolio in construction, financial services and entertainment. The Company provides equity and long-term debt financing to small and medium-sized private companies in a variety of industries throughout the United States older info on cali..http://www.otcbb.com/profiles/cali.htm
So perhaps pre cali management may be silent partner types. As long as they don't muck around with SVXP people and let them do what they've been doing for a living.
Posted by stockster5 on :
Here you go, in case some people haven't found their history yet... A little bit of read... October 20, 2005 - 9:20 AM EDT
CALI Holdings, Inc. Signs Definitive Agreement with Marine Exploration Company CALI Holdings, Inc. (OTCBB:CALI) announced today that it executed and closed under a definitive agreement with Sovereign Exploration Associates International Inc. (SEAI), a marine exploration company headquartered in Pennsylvania. SEAI, a privately held company, was recently formed through the merger of Sea Research, Inc., and Artifact Recovery & Conservation, Inc. As previously announced, CALI Holdings decided to strategically focus its business efforts on financing the recovery of shipwrecks that have cargo of historic, archeological and intrinsic value. SEAI brings executive management, skilled recovery teams, equipment and agreements for twelve (12) sites containing over 15 ships of historic, archeological and intrinsic value. CALI Holdings has applied to change its name to Sovereign Exploration Associates International Inc.
The agreement involved the exchange of SEAI stock for 90% of CALI stock and pursuant thereto SEAI became a wholly-owned subsidiary of CALI. The new management team will be comprised of key individuals from SEAI. Robert Baca and Curtis Sprouse of SEAI will assume the CEO and COO positions effective immediately. SEAI's web site is under development. Future announcements on the SEAI web site will address current site operations, artifacts recovered to date and future projects.
Guess the Cali guys liked what they saw.
Posted by stockster5 on :
Hey, maybe the SVXP crew would let a shareholder with more than 100k shares dive for their own coin. And they could even charge us for the dive. I don't think this is such a radical idea.
Posted by Thorn on :
Yeah, basically CALI traded their public stock position for an interest in SEAI's private company, for which SEAI got instant access to publicly traded stock for their company. SVXP is SEAI with CALI's stock. CALI's mangement is not involved in SVXP at all (well not the management of it).
Same thing happened with BTSI (now NDOL), 'cept they are into Russian oil (check it out, it could become a good play in the near future--took too long for me though, but maybe I bailed just before it goes. I can always get back in ). See the NDOL tread on the hot stocks section of this forum.
Posted by stickfigurefred on :
Maybe we will see some sealed up grog in them kegs Posted by stockster5 on :
Another thing that might bode well for svxp is there may be a cali bank holding connection. FDBC and RBCB, are banking companies with pps of $30+. If these guys are tied to cali/svxp then they (svxp)most likely won't be hurting for funds. How's that for something positive GB1.
Posted by rickpic on :
quote:Originally posted by rickpic: Known Specie Shipments on Le Chameau
1. Funds for the Academy of Sciences in Montreal: 61,000. livres 2. Funds for the General Hospital at Quebec: 102,000 livres 3. Funds for the General Hospital at Montreal: 200,000 livres 4. Funds for the Seminary at Quebec & Trois Rivieres: 60,000+ livres 5. Funds for the Quebec Government (loan from the Compagnie des Indes): 547,000 livres 6. Payroll specie for troops at Quebec: 82,010. livres 7. Funds for the Fortress at Louisbourg: 50,000 livres 8. Funds for the fortresses at Michigan & Quebec: [?] 9. Funds for Paris pensions for St. Louis holders: 48,000 livres 10. Funds for the Quebec government: 289,696 livres
The documented financial losses involving specie shipments on this vessel minimally consist of a total of 1,439,706. livres, or approximately 1.5 million livres. Add to this the possible personal possessions of the known wealthy passengers, and the as-yet total amounts of Church funding and other government allocations and the grand total of actual specie shipments could well exceed 2 million livres.
The CBNS-1 site is a treacherous location with many known and as of yet unidentified wrecks. Artifact Recovery and Conservation Inc., a portfolio company of Sovereign Exploration Associates International, has continued successful artifact recovery work the identified wreck of the Le Chameau
Ricpic, Just so you dont feel like your the only one doing DD, did you see the SEC fillings that they did yesterday. Two were for "Statement of changes in beneficial ownership of securities" and one "Initial statement of beneficial ownership of securities".
I would love to know what you think of them. Here is a direct link.
They all talk about the CEO's investment in the company and (from my reading) his purchase of more shares of SVXP.
Posted by rickpic on :
Don't forget to add the Triton Wreck to the top of this huge pile of GOLD,SILVER, and COPPER coins from 1720-1725! It has already been said by Bob MacKinnon in his interview entititled C.B. Wreckhunters that in with this wreck is mixed the Triton and that is where the early Colonial Pine Tree, and New England coins shown on the website are coming from. Those coins were minted in a short lived Massachussets mint in the year 1652!
4 livres is one Gold Dollar! If even 1/10 of the Livres were gold. The Value here a HUGE!
get out your calculators!
[ November 10, 2005, 08:53: Message edited by: rickpic ]
Posted by rickpic on :
Nile Thank you! Those form 4's are buys by our CEO, He is adding shares big time to his own portfolio! Posted by rickpic on :
Our CEO Robert Baca bought
9999099 on 10/31 6999900 on 11/3 16999830 on 11/4
nice to see he has as much faith in this as I do!
Posted by Thorn on :
Hmmm. No PR...
Posted by rickpic on :
one example of a French silver coin I found on the net! Its a few years earlier then the 1720-1725 coins being pulled from our wreck The Le Chameau but the price should interest you!
France 1715-A; Louis XV; 1/4 Ecu aux 3 Couronnes; The King of regular issue French silver coins Obv | Rev $42000
1724 France silver Ecu, "T" mint mark (Nantes-located on the West coast of France). The obverse show the laureate bust of Louis XV. Around is the Latin legend, LUD.XV D.G.FR ET NAV.REX (Louis XV King of France and Navarre).
The reverse shows 4 crowns alternating with mirrored "L"s making a stylized cross, fleur de lis at center. The Latin legend around is, SIT NOMEN DOM(ini) BENEDICT(um) (Blessed be the name of the Lord).
The monetary system was non-decimal and depended on subsidiary denominations:
3 deniers=1 liard 4 liards = 1 sol or sou 20 sols = 1 livre 6 livres = 1 Ecu (silver) 4 Ecus = Louis D'or (gold)< /li
Posted by HossTrader on :
What the hell. I am in for 2 mil more Posted by HossTrader on :
If it ever goes through that is....
Posted by HossTrader on :
Booyah. Hey, if it is good enough for the ceo to cough up his own money, it is good enough for me! Posted by gohigh on :
Well done Hoss. I probably should change my order from .0003 to .0004. I don't think the 3's are ever going to fill with all this positive news.......wait a second........somebody just got 200,000 * .0003. How, I don't know! Posted by Thorn on :
Without a PR, who will make it run?
Actually, what we need is a detailed report on the items Nova Scotia gets to claim--in a PR on a good news stream.
Posted by HossTrader on :
Does anyone have a confirmation on the current o/s?
Posted by tech1 on :
WTF? Where'd all the sells come from?
Posted by imakmony2005 on :
sorry, i got some of that at .0003
Posted by tech1 on :
Cool for you, but who the heck's selling?
Posted by HossTrader on :
That is great that you got some. I just want to know who you got them from! LOL
Posted by HossTrader on :
I am still sitting on an order for 6 mil at 0003. But I don't think I will get it. At least not all of it.
Posted by gohigh on :
Somebody is probably shorting SVXP at .0003 since none of us are selling here. I'm glad some of you are getting your orders filled.
Posted by tech1 on :
If they're shorting at 3, they're about stupid. We're not going to hit 2 to cover. (knock on wood)
Posted by HossTrader on :
If they were shorting at 3, the volume would be through the roof as they would be selling to every buyer there was at 3 in the hopes of getting people to bail at 2.
Posted by gohigh on :
I agree, shorting at the bottom is stupid. There's almost nothing to be gained on the downside and everything to be lost on the upside. Plus, there are hundereds of companies trading under a penny that are done for and might be worth shorting. SVXP is experiencing a new beginning with incredible upside potential. Up, up, and away!
Posted by gohigh on :
You know what would be cool? Suppose, next to each trade made was a person's name or ID#. That way we could see who's making gains and who's taking losses. I think it would be neat. For instance, someone just sold 2m * 4. Did that person buy that 2m * 3 or was it somebody who got in at 6 bailing? I think that kind of transparency would be helpful to us investors. I know I'm dreaming, but what the heck.
Posted by rickpic on :
The market just isn't seeing the value here yet and thats all it is! Slow volume leads to down ticks! The report on the Le Chameau should have already been on the website when they directed investers there with the last PR (not a day later) as a result the numbers associated with the Chameau are not being seen by a wide audiance. What the report tells you is that there could be as many as 1m individual coins from the early 1700's still to recover within SEAI's claim area and we are talking many many millions of dollar value down there! Spread the word is all I can say and let others know what we have here otherwise just wait till they PR something else that gets people reading there web site!
Posted by WarpedMind on :
As soon as I have cash, I'm back in on SVXP. Rickpic, you're the best freakin' cheerleader I've ever seen for a stock... great job on the DD and generating so much excitement.
Posted by Thorn on :
What I'd rather see is a report detailing what they have recovered. No sense talking about what went down if it wasn't recovered. It's nice for getting the pps up for abit, but only hard facts will keep it there.
Posted by HossTrader on :
Does anyone know what the 5K trades signal? I mean nobody is actually buying only $2 worth of stock. Any idea what that is supposed to represent?
Posted by gohigh on :
I don't know Hoss. Yesterday, somebody got 500 shares at .0003 for 15 cents! So, if the stock goes up 100 fold, they would make $15 minus commission.
Posted by crockett on :
What do you guys think it's going to take to make this one move some more? I was looking back to see what caused the run to .0007 on the 1st. The best I came up with is this stock was listed as a hot stock on a few sites.
So I'm betting that is what made us jump up to .0007. Seems they goofed on this last PR as rickpic pointed out so it had little to no effect on the stock.
I see the good that is here that's for sure, but I think it's going to take a big announcement to get this thing moving upwards very far. (sorry for the shameless plug future website of mine)
I think the coins on the page are nice, but I really would love to see more info on what they have already found. That IMO is what will push this guy up there and hopefully hold it there.
BTW rickpic how do you know that was the CEO that bought those shares?
Posted by WarpedMind on :
Cool concept crockett... is it a PR site? If you need help, I'm a web developer.
(yet another shameless plug)
Posted by crockett on :
quote:Originally posted by WarpedMind: Cool concept crockett... is it a PR site? If you need help, I'm a web developer.
(yet another shameless plug)
Yea I was looking to set up a site on PR announcements and so on. Maybe something like Stockhouse.com or something similar to that.
I figured it's never to early to start building up link popularity for the search engines.. Posted by WarpedMind on :
Right... I've got a few of my own trading related domains too. I have some neat ideas that I haven't seen out there yet. (They might be out there, but I haven't seen them)
Posted by HossTrader on :
quote:Originally posted by crockett: BTW rickpic how do you know that was the CEO that bought those shares?
Not to speak for Rick, but... He had to file a form 4 with the SEC stating his purchase so as to not commit insider trading.
People (incl. Rick), listen, although I was happy earlier about the merger, the recent SEC filings had showed that we got cheated big time. The form 3 filed shows that Rober Baca whos is owner of sovereign marine explorers owns 18B common shares and 18B preferred shares of SVXP. Form 4's filed shows that SVXP is owned 45% by sovereign marine explorers. This means that current OS is atleast 40B common shares and 18B preferred shares. Although we don't know what the values of the assests are brought through the merger, the hugh no. of OS would practically not allow the pps to move upwards. I am not a basher and I own small amount of this company stock (400K). Any help to clear this would be much appreciated. I am looking for some good explanation from experts here. thanks
Posted by rickpic on :
crockett
because there all filed Robert Baca reporting owner and filed under the 144 rule, on form 4
Posted by rickpic on :
wheresthelight
you need to read the footnote attached to both the common and preferred share amounts.
Explanation of Responses: ( 1) Shares are owned by Sovereign Marine Explorations, Inc., of which Mr. Baca is an Officer and Director
Posted by Thorn on :
$500,000,000/40B (just for fun) = $0.0125 assets per share potential just from the current ship wreck.
While the value amount has not been confirmed and could be less, it does not consider recovery at other sites, nor other treasures mixed in at the curent site (remember those coins with the trees on them?). Also note that this would be a dollar per doller value of the stock, but stocks are typically priced on speculation, not actual assets....
Er, now what was the last pps quoted on the market...? Was it anything close to $0.0125?
Posted by wheresthelight on :
Rick, I read the foot notes. It simply says that the 18B common & preferred each are indirectly owned by Mr. Baca through sovereign Marine Explorations, Inc. It still means these shares are 45% of the total OS out there. Am I missing something here?
Posted by rickpic on :
quote:Originally posted by wheresthelight: Rick, I read the foot notes. It simply says that the 18B common & preferred each are indirectly owned by Mr. Baca through sovereign Marine Explorations, Inc. It still means these shares are 45% of the total OS out there. Am I missing something here?
Yes you are it says knowhere there that R Baca owns the shares its says that he is the one doing the filing as an officer or director of the company. Period!
If you don't get it at this point I suggest you call C Sprouse and let him explain it to you!
Posted by HossTrader on :
Well so far, no one is selling today. I don't see a single trade at 0003
Posted by imakmony2005 on :
thanks
Posted by HossTrader on :
LOL sorry. Didn't mean to jinx it.
Posted by stockster5 on :
Question?: Reporting Owners
Reporting Owner Name / Address Relationships Director 10% Owner Officer Other BACA ROBERT D 503 WASHINGTON AVE, SUITE 2D NEWTOWN, PA 18940 X President/CEO
What does 'Reporting Owners" own when listed in this box at bottom of form 4.?? Thanks
Posted by HossTrader on :
I will have to look at the form to confirm I am answering your question exactly.
But a reporting owner is anyone who owns enough of a company to be classified as an "insider" even if they aren't an officer or board member of the company.
Posted by rickpic on :
seeing as Bob MacKinnon was quoted as saying items recovered were possitivly identified as being from the Triton! You may want to read this!
[ November 11, 2005, 14:06: Message edited by: rickpic ]
Posted by rickpic on :
where are those shorters?
Posted by Thorn on :
What's with the shark?
Oh, I guess I'm trying to read into it too much Posted by rickpic on :
Triton
Vessel Name Notre Dame de le Triton Other Names Vessel Type French sailing ship Owner Length / Beam / Draft (feet) Tonnage Hull Construction Wood Propulsion Sails Cargo Large shipment of gold and silver coins and bars Built 1727 in France Date of Loss June 1745 Reason for Loss Wrecked near shore in hurricane Fatalities Numerous Last Trip Lima, Peru to France via Louisbourg Wreck Location Off southest coast of Cape Breton Island Coordinates (Lat/Lon) Coordinates (Loran C) Water Depth (feet) Typical Visibility (feet) Wreck Condition Diving Considerations Other Information Some survivors made it to shore and safety. This fabulously-valuable treasure ship has never been found. Currently, several treasure-hunting groups are searching for it.
Posted by Thorn on :
Yeah, no web-findings, but found a book about treasure (have not located book in a library yet).
Posted by stockster5 on :
So baca clearly owns shares on both form 4's but on form 3 is just the filer. Form 3 then, just covers svxp perhaps. It dosen't look like front loading, Baca might just want a piece of the pie for sure.
Posted by Thorn on :
Looks like we are staying at 4 for this week.
Posted by WarpedMind on :
I've got a buy in for 1.5 mil at .0003. Do you think i have a better chance of getting it filled if I do an All Or None?
Posted by Thorn on :
AON will make it harder to get the fill. It's just a way to make sure you don't get stuck with a small partial trade that will end up not being worth it for the cost of the brokerage fee.
I'd be surprised if you got filled (unless you wait a week or so). There appears to be a long line waiting to get filled at .0003.
Posted by WarpedMind on :
Ok, thanks Thorn.
Posted by clintonj on :
Thorn, I just got some at .0003...waited almost a week to get filled...see that 9 mil? mmmmm?? ok not all mine!
Posted by Thorn on :
Hey, he bought those shares at $.0005!
Posted by WarpedMind on :
I'm happy to say I'm now back in the game. Bought 1.5 mil at .0003 Posted by WarpedMind on :
So, Rick, since you are on the inside track of this... We've got the CEO buying, the VP buying, and you filing as an insider... hmmmmm... do we have good things on the horizon? Do you think that we'll have any interesting PRs in the next week or two?
Posted by rickpic on :
WM other than what I have posted here, I know, no more than you do about SVXP and your guess is as good as mine as to what is coming or what the PPS will be soon or in the future! I invested based on what I was able to big up and I shared that here as DD, but if you have questions you should really be directing them at the COO Curtis Sprouse
Posted by xyz on :
So you burnt more investor there. I really think your a paid pumper. How many of these pump and dumps are you going to get people in. I guess ubtil people learn. How many have you done now. Of course the most famous ones that you convinced people to hold long term were cmkx, prrm, ican. I remember the housewife that put everything in on your advise and you kept pumping prrm until it went to nothing then left those poor people holding the bag. Of course it is there own fault for buying. But it is the new naive investor, housewife, or college studend that you convince that don't know better. It is starting to be sad at all the money you caused people to lose.
I sorry but it is just getting out of hand on how many people you have burnt with p&d's.
Posted by WarpedMind on :
xyz,
don't just go calling people pumpers without proof. rick is generously sharing his DD with us. We all of the choice to buy or sell... he's not twisting our arms. He's always been very upfront with us.
Every stock has its risks... you can't go blame rick for a stock that simply goes bad. It happens.
And for the record, I've profited off of SVXP, as have many others on this board... so please don't accuse rickpic of pumping unless you have proof.
Um, what's your problem, xyz? Did you just make up that alias? If you want to contribute, how about explaining in detail your gripe. Otherwise, stop wasting my time. Go get attention somewhere else.
Posted by xyz on :
I gave it. Go to all those p&d's and see who first started them on this board. I have the proof and heard the horror stories. The board he started for prrm was real sad and the people that lost money were really hurt. And thats not the only one he did it on just the worst. Ican beine a recent one. But all take up for him at first till they learn. I tell you what, go to RB prrm board and ask them about it. He took that scam to ever board on the internet.
Last word on the subject. I will not reply again.
Posted by HossTrader on :
I was reading the 10Q so far, and no alarm bells but there is a concern.
It shows numbers up to Sept. 30. It shows them using stock to pay some debts. Let's not forget that recently the a/s was increased to 250 billion. And in the contract a r/s is scheduled for 2006. The only reason that companies go public is to raise capital. That being said, be wary for signs of massive dilution leading to an r/s.
I would imagine treasure hunting takes enormous amounts of cash. Imagine all the people and equipment that are out there diving on the wrecks now. And they won't receive any revenue until they start to sell off some of the findings. So it isn't unreasonable to expect them to use stock to fund the company for the short run.
The payoff could still be huge in the end. But be careful!
I am sitting on 18 million shares. But I will take profit when it appears because the long term makes me nervous on this one.
Posted by Thorn on :
I don't see it xyz. You'll have to show some evidence that is easy to access. I did some looking and didn't see what you describe. If I've missed something, you can easily post the links to what you are talking about--allstocks will let you post allstocks links.
You only have 34 posts on this alias and you don't let others rate you, so I don't see why we should listen to you. I told you to show details and you just throw more bla in my face!
Posted by crockett on :
quote:Originally posted by HossTrader: I was reading the 10Q so far, and no alarm bells but there is a concern.
It shows numbers up to Sept. 30. It shows them using stock to pay some debts. Let's not forget that recently the a/s was increased to 250 billion. And in the contract a r/s is scheduled for 2006. The only reason that companies go public is to raise capital. That being said, be wary for signs of massive dilution leading to an r/s.
I would imagine treasure hunting takes enormous amounts of cash. Imagine all the people and equipment that are out there diving on the wrecks now. And they won't receive any revenue until they start to sell off some of the findings. So it isn't unreasonable to expect them to use stock to fund the company for the short run.
The payoff could still be huge in the end. But be careful!
I am sitting on 18 million shares. But I will take profit when it appears because the long term makes me nervous on this one.
Being new to this stuff do you think there will be any movement up tomorrow because of this report?
I'm also looking at this one for the quick profits here and there. I know the treasure hunting is very expensive and it's all hit or miss. So I plan on taking the profits when they come.
XYZ -- I can't speak for rickpic other than to say so far I've done good by what he's posted. I've already cashed out of this stock once with a profit and I'm sure I'll do it again.
I also agree unless you can post up some proof of what you are saying I think you should keep it to yourself.
Posted by rickpic on :
the best thing I see in the 10q is that in the 8k from 10/27 they stated
That the total amount of all issued and outstanding stock or units of CALI at the date of this Agreement is approximately Two Billion Five Hundred Million
in todays 10q the O/S is
The number of shares of the issuers common stock, $0.001 par value, outstanding as of November 10, 2005 was 2,287,896,950
or a decrease of 213m shares
Posted by Thorn on :
One point missed is that the treasure has already been recovered over the last two years. They are submitting it to the government of Nova Scotia so they can collect their 10%. The only exception to that is that we don't know how much they recovered; we just know how much was reported as being on one of the ships that have been confirmed as going down in the area.
Posted by crockett on :
quote:Originally posted by Thorn: One point missed is that the treasure has already been recovered over the last two years. They are submitting it to the government of Nova Scotia so they can collect their 10%. The only exception to that is that we don't know how much they recovered; we just know how much was reported as being on one of the ships that have been confirmed as going down in the area.
See that's the part I don't get, is what advantage to they get out of not releasing the info on what they have found?
Posted by stockster5 on :
It seems that maybe PR's are not a wide enough medium for the general public, they're on the internet search engines, obscure publication websites, but hardly any print media. And I don't see anything of otcbb on nightly tv news. So with that observation, maybe thats partly why pps don't move as soon as we see the PR's. We just don't get the coverage on the mainline primetime. S5
Posted by stockster5 on :
Also, don't forget, we (common shareholders) are on the bottom of the money food chain. Executives first, prime investors, bond holders, preferred shareholders, etc... then come me - joe shareholder. Along for the ride. And we hope we don't go down with the ship. ... except to dive for treasures. S5
Posted by stockster5 on :
Ricpic. What would that decrease be about? Is that a float? And why are you of opinion that this is a good thing? It's been known that a company will hold some of its authorized outstanding shares as a hedge from hostile takeovers or as a way to have some control of its company doings. I'm also wondering if this is the exec. group of cali keeping some inside trade control. None of this is really a bad thing, but usually privileged information we don't get to see. S5
Posted by stockforfun on :
I just want to get out but I can't sell at .0004 Bought 2M shares at .0007 on Sep.
Posted by rickpic on :
quote:Originally posted by stockforfun: Bought at $.0006, can not sell at $.0004. Have anyone have any idea ? Do you think it will drop to $.0001 ?
so which is it .0006 or .0007?
Posted by WarpedMind on :
Just out of curiosity, to all you flippers out there, are you flipping for a .0002 spread? or greater or less? (for example, if you buy at .0004, are you selling at .0005, .0006, or .0007?)
I'm thinking .0002 spread is good, because you a little more wiggle room to get back in the game. For example, if you buy at .0004 and sell at .0006, then you could always rebuy (hopefully) at .0005. I mean .0001 is still a great return when a stock is this cheap... but is it better to try to take .0001 3 times and risk not being able to get your low price again over maybe getting .0002 1 or two times but with the safer bet of getting back in? Or is it better to try for bigger, but less frequent flips (maybe .0003 once vs. .0001 3 times)? What's better? Little profits more often or bigger profits less often?
Though I definitely wouldn't mind knowing what people are doing specifically for this stock, I'm mostly interested in learning how to FIGURE OUT what the best strategy is (you know, the whole teach a man to fish thing )... can you figure out by looking at charts? Do you just figure out where the bouncing points seem to be and hope it'll repeat the same? Or do you tend to add a little safety zone in there? Stuff like that, I'd like to know.
Thoughts, anyone, on the strategy you generally use when figuring when to flip? I'm still learning, and this would be something I'd like to learn through other people's trial and error, if at all possible.
Thanks in advance.
Posted by crockett on :
quote:Originally posted by WarpedMind: Just out of curiosity, to all you flippers out there, are you flipping for a .0002 spread? or greater or less? (for example, if you buy at .0004, are you selling at .0005, .0006, or .0007)
I'm thinking .0002 spread is good, because you a little more wiggle room to get back in the game. For example, if you buy at .0004 and sell at .0006, then you could always rebuy (hopefully) at .0005.
Thoughts, anyone, on the strategy you generally use when figuring when to flip? I'm still learning, and this would be something I'd like to learn through other people's trial and erro, if at all possible.
Thanks in advance.
Personally IMO it would depend how much you have invested at the time. If you have 10 million shares * .0004 you could easily flip it with only one up tick and make a nice profit.
However if you you don't have so many shares like probably most of us here I think a tick or two might be in order.
I'm still learning the game, but my first buy in on this I bought at .0004 and .0005 and sold at .0007. I then bought again at .0004 and .0005 and have it set to sell at .0007 again.
Depending on how it moves when ever we get another run, I may lower or raise my ask price.
I'm just a newbie but that's how I see it.
btw just to give you a mistake I've made so far.. I didn't do my research and figured I'd do a test on buying just buy watching the charts.
I bought qbid at .0005 one day when it was bouncing back and forth from 5 to 6. I figured I'd buy at .0005 and sell at .0006 for a quick 20% gain.
I mean hell you can't go broke with 20% gains I'm thinking. Morale of the story.. I've had my sell order in at .0006 since Nov 1st, on qbid and I still own all my stock. Posted by tech1 on :
Warped, consider your commission fees. If you're able, a single trade would be best, because you save those fees. However, is the upper and lower ranges of the pps are not that wide, the .0001 flips are great. As always, taking profit is never a bad thing.
Posted by Thorn on :
quote:Originally posted by crockett:
quote:Originally posted by Thorn: One point missed is that the treasure has already been recovered over the last two years. They are submitting it to the government of Nova Scotia so they can collect their 10%. The only exception to that is that we don't know how much they recovered; we just know how much was reported as being on one of the ships that have been confirmed as going down in the area.
See that's the part I don't get, is what advantage to they get out of not releasing the info on what they have found?
I don't know. I expect we will know something at any rate once the slow government officials post their report (I don't know why they would not post it, and would think they'd have to, but governments are slow...).
One thing could be that the insiders wanted to buy some shares before it runs, but anyway, if the VP has shares at .0005 (off the open market evidentally), that is encouraging to me.
Posted by WarpedMind on :
Tech and Crockett, thanks for your posts! Exactly the type of help I'm looking for. Anyone else have an opinion or lessong learned?
Thorn, was the VP not allowed to buy the stock at market value? Did he have to buy it at .0005 instead of whatever the going rate is?
Posted by clintonj on :
with all the sellers coming in this morning i won't be surprised to see us print .0002 x .0003 today...hope not though.
Posted by tech1 on :
Yeah, WTF? We're gonna SEE .0002.
Posted by clintonj on :
i spoke way too soon !*#$%
Posted by WarpedMind on :
dang man... which i waited till today to buy!
Posted by HossTrader on :
Ouch. This hurts. We could use some good news right now to bring in some outside interest
Posted by WarpedMind on :
Hey Rick, can you at least post some coins and more cool DD to distract us? Posted by Thorn on :
quote:Originally posted by WarpedMind: Thorn, was the VP not allowed to buy the stock at market value? Did he have to buy it at .0005 instead of whatever the going rate is?
I don't know what happened, but it looks like he bought the stock when it was at .0005 on the market (the publication of the forms is delayed, so the purchase happened a while back when the price was higher). I would have thought that being an insider he might have had the opportunity to buy shares at a special rate below market price.
Posted by clintonj on :
20,000 shrs just sold at .0002 which equals $4.00... lol
Posted by Thorn on :
Did you get that trade, Clintonj?
This is pretty low volume for a run down. Must just be people getting out because the stock is not performing. (Or does that not make any sense, and I'm just trying to comfort myself?)
Posted by clintonj on :
Rickpic is a little quiet today...all the news is still in place,Co still has great potential, could this be a last drop before the next great pr and then we move back up tp 6or7?! i believe this is still a tradeable stock...all my shrs are at .0003 and have a sell order in at .0006and .0007 and will buy on the dips... Posted by stockster5 on :
I guess most of you folks are on margin. I'm on non margin and I'm only allowed a small tic up when the pps is under 10 cents. It's tough to set an out with much room.
Posted by rickpic on :
cj all my share were bought at .0005 and i still hold all of them, so if i'm quiet its because there is very little I can say or do in this present pps range! I'm down just like most everyone else at the moment
Posted by gohigh on :
All I can say, is if you want more at .0003, now's your chance.
Posted by HossTrader on :
Man, if we could get some really good volume it doesn't seem like it would be hard to get a couple of ticks up. We just need some good news to get out there. Preferably with some appraisal numbers!!
Posted by HossTrader on :
Look at that. A little volume and we knock one off of the ask.
Posted by OhhhYeah on :
In reference to the treasure hunting business... I bought OMR at $2.4 because of an awesome article in fortune magazine.. I made some good money.. I then tried it again in OCRI... lost some good money... Is third time a charm for treasure hunting stocks??? Am I a complete idiot to invest in a company looking to find stuff on the ocean floor??? If I buy 30 metal detectors and start scowering beaches for pirate treasure would you guys buy shares of my company??
These are all unanswered questions that
Posted by HossTrader on :
quote:Originally posted by OhhhYeah: In reference to the treasure hunting business... I bought OMR at $2.4 because of an awesome article in fortune magazine.. I made some good money.. I then tried it again in OCRI... lost some good money... Is third time a charm for treasure hunting stocks??? Am I a complete idiot to invest in a company looking to find stuff on the ocean floor??? If I buy 30 metal detectors and start scowering beaches for pirate treasure would you guys buy shares of my company??
These are all unanswered questions that
Well with this company, they have already found stuff, just bringing it up now. This is one treasure hunting company where the risk isn't finding the treasure, but instead it is the inherent risk of dealing with a penny stock.
Posted by crockett on :
I sent them a e-mail today just for the hell of it.. Was trying to see if I could get any sort of time table as to when they will release more info on what was found. They didn't seem to want to budge which isn't surprising..
But did say they would release info weekly..
The reply:
Please reference the WEB site at www.sea-int.com for more information on projects and artifacts. We do not provide values as the market will establish the value of the artifacts during the private sale and auction process. New artifact and site information will be released to the WEB site weekly. Management appreciates your support and interest in SVXP.
Posted by WarpedMind on :
Can someone with L2s please tell me if it looks like I have a chance in Hades to get 250k at .0002? (yes, fifty bucks) I've been sitting on this one for a while now.
Posted by HossTrader on :
I count 15 on the bid at 0002. So it might be a looong while.
Posted by crockett on :
unlikely..
15 x .0002 1 x .0003
Posted by Thorn on :
Did you place your order a week or so ago? Posted by WarpedMind on :
are you talkin to crockett, thorn?
If you're asking me, i put my order in this morning. I did buy some yesterday at .03 and was hoping to get some today. I guess "fat chance" is the official word.
Posted by Thorn on :
.0003 is a pretty nice price. Beats what I have it for.
Posted by HossTrader on :
quote:Originally posted by WarpedMind: are you talkin to crockett, thorn?
If you're asking me, i put my order in this morning. I did buy some yesterday at .03 and was hoping to get some today. I guess "fat chance" is the official word.
Who knows? I think the official word on getting filled at 0003 last week was just as unlikely, and now you can soak up all you can handle.
Posted by stockster5 on :
sales: today 29 * .0003 1 * .0002
Posted by iwearpro on :
quote:Originally posted by imakmony2005: Got to watch rick on this one he owns 10% of the company.
Posted by Nile on :
Freeing up some funds so I can get some of this. Watching to see how it plays today!
Posted by crockett on :
quote:Originally posted by Nile: Freeing up some funds so I can get some of this. Watching to see how it plays today!
I think we are in the wait and see mode.. doubt much will happen today, judging by the activity yesterday.
It's going to take some good news to get us going again. The e-mail reply they gave me said they are going to update their site weekly.. So maybe we can get some activity from that. I just hope they throw us a bone and give us something better than a few new coin pics.
Makes me wish I would have held off and bought back in now. I don't think you can beat .0003 if you plan on buying any sizable amount.
Posted by HossTrader on :
Now we see how everyone stands. At this point it is either primed for a very nice jump on some good news, or it is trending down to nothing.
I definitely see another spike coming in this one. They are bringing up too much good stuff. Not sure yet if I am going to average down any.
Posted by Thorn on :
Up for now. I didn't actually expect it today (.0004). It's just one trade tho.
Posted by crockett on :
quote:Originally posted by Thorn: Up for now. I didn't actually expect it today (.0004). It's just one trade tho.
yes that makes me very happy.. I was tired of seeing so much red..
Posted by tech1 on :
Damn, 31M buy!
Posted by Thorn on :
There is an information signup/registration page on the website now. It might be for collectors, but I figure any info I can get about the company is good. Posted by HossTrader on :
We are getting some serious volume from somewhere!
Posted by crockett on :
quote:Originally posted by Thorn: There is an information signup/registration page on the website now. It might be for collectors, but I figure any info I can get about the company is good.
I just saw that too, when checking to see if there was any new news.
Posted by tech1 on :
An uptick anytime now would be nice.
Posted by clintonj on :
Income Statement Get Income Statement for:
View: Annual Data | Quarterly Data All numbers in thousands PERIOD ENDING 30-Jun-05 31-Dec-04 30-Sep-04 30-Jun-04 Total Revenue 61 423 189 863 Cost of Revenue (31) 131 65 95
Gross Profit 92 292 125 768
Operating Expenses Research Development - - - - Selling General and Administrative 326 471 608 1,361 Non Recurring - - - - Others 1 17 16 49
Total Operating Expenses - - - -
Operating Income or Loss (235) (197) (500) (641)
Income from Continuing Operations Total Other Income/Expenses Net 360 (60) 70 423 Earnings Before Interest And Taxes 125 (257) (430) (219) Interest Expense 18 43 44 70 Income Before Tax 106 (300) (475) (289) Income Tax Expense (227) 27 19 (315) Minority Interest - 45 117 66
Net Income 333 (282) (377) 92 Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares $333 ($282) ($377) $92
maybe buyer coming in because of financials...a net income is good! Posted by clintonj on :
large blocks of buyers we may see .0005 today Probably take another 50mil shrs though
Posted by HossTrader on :
It would be REALLY nice to see 0005 again today!
Posted by HossTrader on :
Ok, couple of 25K trades in a row. Since that is about $10 worth I am assuming the MM's are talking to each other.
Posted by gohigh on :
I feel silly putting in an order for some SVXP at .0003 today, when I could have bought all I wanted at that price yesterday! But suddenly, it looks a lot more attractive. I don't think my .0002 order (or anybody elses) is going to fill anytime soon. Somebody big is buying today. Maybe some stuff is about to come to the surface... Posted by WarpedMind on :
Woohooo!!! I made a little money... 28.28% in 2 days! I know that doesn't sound like much to you experienced guys, but it's big for me. (Remember, I'm a newb.) That's my biggest return yet!
Gonna do what I learned from rick... taking it all and reentering (I hope) at .0003.
How do L2s look for me getting in at .0003?
Woohooooooo! (Someday, I hope that 28.28% will be something I yawn about... but for now, I'm enjoying it!)
Posted by Thorn on :
I don't think anyone would yawn at 28% Congrats.
Posted by WarpedMind on :
Thanks, Thorn.
How does it look right now for re-entry at .0003 anyone?
Posted by clintonj on :
Warped i would shoot for .0002 for a day or so...jmo
Posted by WarpedMind on :
Really? Very interesting... I'd definitely like to get in at .0002. Can I ask why you think this way?
Posted by crockett on :
na just buy today at .0004 I dont wanna close at .0003 again ... lol j/k
Posted by clintonj on :
Warped sorry,....0003 like you said would be a good entry,,,my bad Posted by WarpedMind on :
No problem CJ. Thanks.
Posted by HossTrader on :
I would really love a definite meaning to some of these "signals"
A trade for 631 shares went through at 0004 That is about $.25 worth of stock. It has to mean something!! ARGH!
Posted by Thorn on :
I just see a 600 share trade at .0004; This is all I have:
Signals between MMs... 100 = I need shares 200 = I need shares badly but dont take it down to get em 300 = Take the price down to get shares.... 400 = Trade it sideways based on Supply and Demand 500 = Gap one way or the other, usually to the direction of the 500 trade. Sometimes -if in the middle -keep the price right where it is.
Posted by tech1 on :
500 > Gap one-way or the other, usually to the direction of the 500 trade. Sometimes -if in the middle -keep the price right
Best I can find. Seems it doesn't mean a thing.
Posted by crockett on :
600 = crockett wants it to close up
Posted by HossTrader on :
Everybody cross your fingers for some good pr soon.
Posted by Nile on :
Looks like they put some new coins up. Check it out.
Posted by WarpedMind on :
How am I looking for .0003 buy? How many are in line to buy it at that price? Do I have a chance still? I'm still sitting on .0003. L2s anyone please?
Posted by tech1 on :
I've got 7 on .0003, 4 on .0004. We might even have an uptick today.
Posted by Bluemound_Freak on :
Wish they would put some Coin in my pocket!
Posted by stockforfun on :
Damn stock !
Bought at .0006, can't sell al .0004. Sold at .0003
Posted by WarpedMind on :
Woo hooo! Just bought 2.2 mil at .0003
(I guess I have you to thank, stockforfun? how many shares did you sell?)
Posted by Another_Newbie on :
Ok guys, This is my first post under this topic. Hows SVXP coming along. Does anyone know if there's new PR coming... and when?
Posted by HossTrader on :
I don't think anyone knows. We are hoping for some numbers confirming the quality/value of what they have actually found. Until then though, there hasn't been much movement at all on this one.
Posted by m69jump on :
just inside buying this is good.............updates coming soon...
Posted by WarpedMind on :
ceo said all update will be in there site....
Posted by Another_Newbie on :
I don't understand how a stock this low in price... can stay so stable.
Posted by HossTrader on :
With so little volume relative to the float then it won't move much. something will have to happen to bring on more volume.
Posted by WarpedMind on :
OK, got a question now...
there's been a few insider trades submitted today and yesterday (form 3 and form 4)... Why is it that they are submitted today but the trades are dated 11/2 or some older than today date? Don't these have to be submitted BEFORE the trade and not after the fact? I'm confused... can someone explain how these work?
Also, I kind of have a theory. Is it possible that SVXP has been holding off on news because various insiders are accumulating shares right now and they want to keep the price down until they've acquired their shares... once they have their shares, THEN they release their PRs, etc. and are ready for the ride?
I'd be interested to hear your thoughts please.
Posted by stockster5 on :
Warped... you might have to look at how svxp got here. Created by cali by buying up marine salvage company, svxp might still be considered a sub of cali, even though the name change. The cali boys are running the financial behind the scenes because of their holdings in new company svxp... nothing mysterious or insidious here, just every day biz. The marine company itself looks solid, but you have to wonder what cali originals are thinking about with this merger. Is it another frontloading gig, do these cali guys really think a long profit run in salvage? Hopefully, the insiders aren't going to short all that stock they're buying up. It's legal, as long as the issues exists. We'll have to see what the pps is next week. Sometimes new issues just run up on interest alone. We'll see.
s5
Posted by rickpic on :
Hey guys look out Stockster seems to be playing this one! Still hanging tight just not offering opinion so as not to be insulted!
Posted by WarpedMind on :
LOL! Your reputation precedes you stockster . Thanks for your reply!
If stockster promises to behave himself, will you please give me your opinion of my question Rick?
Can someone explain to me how this works though... as far as why paperwork is submitted after the fact, not before, on these trades. I'm sorry stockster, I still don't understand.
Posted by rickpic on :
The paperwork is filed and then the SEC has to get it listed as a filing and on FORM 3's and Form 4's that takes several days!
Posted by WarpedMind on :
Ah. That makes alot of sense. Thanks. Didn't realize it takes so long to get something filed with SEC. I guess that's red tape for ya!
Posted by stockster5 on :
Sorry Warped, I was commenting on your 2nd paragraph about pr controlling. Hey, I'm not the one saying anything about owning percents of the comp Rick. No one can prove that about you so it's a wasted statement. So, I'm innocent on that one. WM, it does sit kind of uncomfortable that there is a delay, but seems normal routine. I'm a cali transfer holder. Had cali before salvage venture. I tend to look at company histories for r/s, multiple name changes and such. Also if a purchasing company issues heavy numbers of c stock right away. It also is interesting that a higher percent of penny companies have been filing about the Brehmen german exchange, naked shorts and creating shell companies who issue stock with no income or profit.
[ November 18, 2005, 01:14: Message edited by: stockster5 ]
Posted by stockster5 on :
Item 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS.
(a) Effective October 21, 2005, the Company changed its name from CALI Holdings Inc. to Sovereign Exploration Associates International Inc. (b) Effective October 11, 2005, the Company increased the authorized common shares of the Company to 250 Billion shares. That is a substantial o/s right from the get go. Well, now we have to wonder what to deduce from that. Your guess is as good as mine. Hey, I'm just a guy getting slapped upside the head with 2 more r/s and name changes in one week. Talk about seasick. S5
Posted by stockster5 on :
AND, I'm not being negative, just bringing some DD about company backgrounds, Ricpick brings us all the cool and exciting stuff about the marine company, I'm looking in the wings.
Posted by stockster5 on :
On a side note, just have to share this... My defenseman on my thursday over 100 (Hockey league goes by age) which was tonight. Just informed us he took a new position in Chicago. When I asked him what he'll be doing he said he's been a day trader for a decade full time and some company wanted to incorporate his trading systems that he designed in with their company. Isn't that the coolest synocracy. The guy's been sitting next to me all season, and if I knew this I would have been bugging the bejeebers out of him. He's going from 10's of thousands to millions of dollars per day of trading... the best part is he said he would give me some of his techniques and strategies. He trades stock, commodities and plays the pennies for grins. S5
Posted by Nile on :
Thats funny stockster, Dont forget to share the info
Posted by Thorn on :
Hold on tight!
------------------------------
Possible Site of White House Treasure Ship Found
Newtown, Pa. -- The Canadian coast wreck site of a possible British gunboat believed to have been carrying White House and Capitol Building valuables looted by soldiers who invaded and burned the Washington, D.C. landmarks during the War of 1812 is being surveyed by divers, archaeologists and conservators from Artifact Conservation & Recovery, Inc. (ARC), a portfolio company of Sovereign Exploration Associates International, Inc. (SEAI), a Pennsylvania-based firm.
ARC has been conducting an archaeological survey of the site off the coast of Halifax, Nova Scotia, under an official Treasure Trove licensing agreement with the provincial government. Under the licensing agreement, the province will receive a 10 percent royalty on any official “treasure” recovered, including specie and artifacts. The remaining artifacts will belong to ARC.
The focus of the exploration has been the location where it is believed the Fantome, a French brig captured by the British in 1810 and used as a gunboat during the invasion of the Chesapeake in 1814, went down on November 24, 1814, three months after British troops invaded Washington, D.C. Surviving manifests for the Fantome indicate that it was carrying valuables taken from the White House and Capitol Building when it was lost on a reef of rocks near Prospect, some 20 miles southwest of Halifax, while escorting a convoy of ships.
Curtis Sprouse, COO of SEAI, says that no actual wooden ships from the period are left on the site, having long since disintegrated. The company hopes to find what remains of the ships’ historic cargo. Although items clearly linked to Washington, D.C. and the British Navy – including American coins and buttons from officers’ uniforms – already have been recovered, Sprouse says that neither the company’s independently retained chief marine archaeologist, James Sinclair, who worked on the wreck of the Titanic and other historic sites, nor its independent conservator, Ian Cross, is prepared to say the site of the Fantome itself has been pinpointed. The involvement of both Sinclair and Cross in the project has been approved by the Province of Nova Scotia. The company is dedicated to a careful, responsible excavation, he said, and has a 25-year record of meticulous marine exploration.
“We believe that the preservation and presentation of history is of utmost importance. We are proud of the approach we take to these sites,” Sprouse said. The War of 1812, often called “The Second American Revolution,” was prompted by British interference with U.S. sea trade with Europe. On August 24, 1814, British soldiers invaded Washington and looted and burned key government buildings, including the Capitol and White House. President James Madison’s wife, Dolley, managed to save a full-length portrait of George Washington and a few other possessions before fleeing the presidential mansion just prior to the soldiers’ arrival.
After the sacking of Washington, the British forces turned their attention north to Baltimore, whose famed clipper ships had harassed the British Navy and commercial fleet. British warships – including the Fantome – invaded the Chesapeake Bay. They unsuccessfully sought to bombard Baltimore’s Fort McHenry into submission with a relentless barrage of rockets, bombs and cannon fire from September 13 to early on September 14, 1814. The successful resistance of Fort McHenry – signaled by the sight of its mammoth flag still flying, inspired Francis Scott Key to write “The Star-Spangled Banner.” It is not known if the Fantome participated in the famous bombardment, but it retreated with the rest of the British flotilla following its failure to defeat the American troops on land or sea near Baltimore. British naval records describe the Fantome as “a fine French corvette brig letter of marque...with ports for twenty heavy carronades”, a short gun half the weight of an equivalent long gun. It carried a crew of 74. Although its role in the bombardment of Ft. McHenry is not clear, it did participate in the British attack on the Maryland city of Havre de Grace on May 2, 1814. Excavation of the possible Fantome site is just one of the projects being conducted by ARC and Sea Research, Inc. (SR), both portfolio companies of SEAI. ARC has been recovering substantial artifacts from the site of the wreck of Le Chameau, a French ship whose loss on August 27, 1725 may have altered the history of France’s colonies in Canada. Originally known as CALI Holdings, Inc., SEAI is a Business Development Corporation firm headquartered in Newtown, Pa. It became a public corporation in October (OTC BB: SVXP).
About Sovereign Exploration Associates International, Inc. Sovereign Exploration Associates International, Inc. (OTCBB:SVXP) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXP has filed Form 8-K. SAFE HARBOR The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
---------------------------------------------- James Cavan Sr. VP, Business Development and Institutional Relations Sovereign Exploration Associates International; OTC BB: SVXP (603)236-2936
Posted by stockster5 on :
A portfolio company of seai? Where'd that come from. Now I'm confused again. Is seai a partner of sxvp, a sub or what?
Posted by Thorn on :
Sub/portfolio company. Cali called it's subs portfolio companies as well.
ARC (I forget what it stands for) and SR (Sea Research Inc.) are portfolio (sub) companies of SEAI which goes by OTCBB market symbol SVXP.
[ November 18, 2005, 10:40: Message edited by: Thorn ]
Posted by rickpic on :
Thorn could you post a link to that story please! It backs up the info on page one of this thread thats for sure! Thanks
Posted by Thorn on :
Sorry, I can not post the link. That is what I got in my email box today. I got it by signing up on the website at this link: http://www.sea-int.com/Contact/Register.asp Posted by rickpic on :
thanks thorn I haven't sent in the form yet, but will have to do so! Looks Good! Posted by Thorn on :
(Another one in my box today; this one was an attached PDF.)
Posted on Fri, Nov. 18, 2005
Shipwreck may hold loot from 1812 Washington By Edward Colimore Inquirer Staff Writer
Buttons from the uniforms of British officers and U.S.-minted coins.
The simple evidence found by a Newtown, Bucks County, company in the rough waters off Nova Scotia might not be conclusive, but together with the maritime record it makes a compelling case for the discovery of a historic treasure:
The wreck of the HMS Fantome and escort vessels, carrying valuables looted from the White House and Capitol by the British during the War of 1812.
Divers, archaeologists and conservators from the Newtown-based firm have been quietly working at the site over the last year and are preparing to begin full recovery operations.
The Fantome's manifests confirm it held the Washington plunder when it sank with several other ships in a convoy on a rocky reef near Prospect, about 20 miles southwest of Halifax.
Locals have long called the area Fantome Cove, said Curtis Sprouse, chief operating officer of Sovereign Exploration Associates International, based in Newtown. SEAI owns the company now surveying the site, Artifact Conservation and Recovery (ARC), also of Newtown.
Sprouse said the experts could not say with certainty that they had found the Fantome until they had fully evaluated artifacts and recovered others. The wooden ships at the site have long since disintegrated.
"But you can find cannon; the Fantome had unique cannon," he said. "You also will find a ship's bell, plaques and silverware with the impression of the ship."
ARC has been conducting a survey of the site under an official Treasure Trove licensing accord with the provincial government.
The province will receive a 10 percent royalty on any official treasure, including artifacts. The remaining items belong to ARC.
"We've been very quiet about this for a year while we did operations and raised funds for the work," said Sprouse, adding that the retrieval could continue for a year. "We have been examining the site and determining how we will do the recovery."
A Canadian filmmaker, John Wesley Chisholm, hopes to make a documentary about the site. He has criticized the operation and wants to change the law to prevent historic items from falling into private hands.
Sprouse said the team was conducting the recovery in a "scientific and highly professional manner." "We believe that the preservation and presentation of history is of utmost importance," he said.
Contact staff writer Edward Colimore at 856-779-3833 or ecolimore*phillynews.com. To comment, or to ask a question, go to http://go.philly.com/askcolimore. Posted by WarpedMind on :
I signed up.
I hope we see some action before Thanksgiving.
Posted by m69jump on :
did anyone call the company lately......about news
Posted by gohigh on :
Thanks for all the info Thorn. That's all very interesting stuff. I don't feel at all uncomfortable hanging on to this stock for awhile. I think it will pay off in the end. Posted by Incognito on :
SVXP- Sovereign Exploration--Philadelphia Inquirer Link :
hey can you copy and paste what ever that is? That site make you register to read anything.
Posted by Incognito on :
Fri, Nov. 18, 2005
Shipwreck may hold loot from 1812 Washington
By Edward Colimore
Inquirer Staff Writer
Buttons from the uniforms of British officers and U.S.-minted coins.
The simple evidence found by a Newtown, Bucks County, company in the rough waters off Nova Scotia might not be conclusive, but together with the maritime record it makes a compelling case for the discovery of a historic treasure:
The wreck of the HMS Fantome and escort vessels, carrying valuables looted from the White House and Capitol by the British during the War of 1812.
Divers, archaeologists and conservators from the Newtown-based firm have been quietly working at the site over the last year and are preparing to begin full recovery operations.
The Fantome's manifests confirm it held the Washington plunder when it sank with several other ships in a convoy on a rocky reef near Prospect, about 20 miles southwest of Halifax.
Locals have long called the area Fantome Cove, said Curtis Sprouse, chief operating officer of Sovereign Exploration Associates International, based in Newtown. SEAI owns the company now surveying the site, Artifact Conservation and Recovery (ARC), also of Newtown.
Sprouse said the experts could not say with certainty that they had found the Fantome until they had fully evaluated artifacts and recovered others. The wooden ships at the site have long since disintegrated.
"But you can find cannon; the Fantome had unique cannon," he said. "You also will find a ship's bell, plaques and silverware with the impression of the ship."
ARC has been conducting a survey of the site under an official Treasure Trove licensing accord with the provincial government. The province will receive a 10 percent royalty on any official treasure, including artifacts. The remaining items belong to ARC.
"We've been very quiet about this for a year while we did operations and raised funds for the work," said Sprouse, adding that the retrieval could continue for a year. "We have been examining the site and determining how we will do the recovery."
A Canadian filmmaker, John Wesley Chisholm, hopes to make a documentary about the site. He has criticized the operation and wants to change the law to prevent historic items from falling into private hands.
Sprouse said the team was conducting the recovery in a "scientific and highly professional manner."
"We believe that the preservation and presentation of history is of utmost importance," he said.
-------------------------------------------------------------------------------- Contact staff writer Edward Colimore at 856-779-3833 or ecolimore*phillynews.com. To comment, or to ask a question, go to http://go.philly.com/askcolimore Posted by stockster5 on :
D'oh... SEAI's stock issue is sxvp. Now I remember, small companies that cali invested and hold they called 'portfolio'. Just one of many tax write offs and investment opportunities that a fund type company would play with. One of these subs better start showing some tangible income statements or we may just have another anchor looking for more rope. Alot of these so called holding penny companies are living off stock issues per year as their only income and I don't want to see seai used for pr trolling.
Posted by stockster5 on :
This is what I mean by trolling.... no disrespect to Ricpic...
Press Release for Cali Holdings Inc
CALI Holdings, Inc. Signs Definitive Agreement with Marine Exploration Company 10/20/2005 9:20:01 AM ORLANDO, Fla., Oct 20, 2005 (BUSINESS WIRE) -- CALI Holdings, Inc. ( CALI ) announced today that it executed and closed under a definitive agreement with Sovereign Exploration Associates International Inc. (SEAI), a marine exploration company headquartered in Pennsylvania. The agreement involved the exchange of SEAI stock for 90% of CALI stock and pursuant thereto SEAI became a wholly-owned subsidiary of CALI. The new management team will be comprised of key individuals from SEAI. Robert Baca and Curtis Sprouse of SEAI will assume the CEO and COO positions effective immediately. SEAI's web site is under development. Future announcements on the SEAI web site will address current site operations, artifacts recovered to date and future projects.
Mr Sprouse comes from BOSTON MARKET STRATEGIES, INC, a health care management consulting firm but the PR seems to state he is from seai with years of salvage experience.... 'key individuals'. It is deceptive if not researched. I don't even know how this guy had the time to be involved in cali if he has been spending the last 10 years with bmsi as president. All I know is I salivate over the sxvp front end of this set up but when I look out back I dry up right quick. I'm holding this for now, but this better not be a bunch of leeches sucking dry another legitimate company, the original salvage group.... S5
Posted by Incognito on :
SVXP- Will be Moving up NEXT WEEK.........
Posted by rickpic on :
this link will lead you to some of my research on the War of 1812 and the looting of the White House. I started the thread that the link leads you to after reading Captain Bob MacKinnon's interview (CB Wreckhunters) Enjoy!
Thanks for the Link Rick. SVXP is looking GREAT. Philadelphia Inquirer Article- Involvement of Captain Bob MacKinnon add a LOT of Credibility. We should FLY soon....
Posted by m69jump on :
Maybe they are still underwater? Posted by Nile on :
Has anyone called the CEO to ask about when the numbers are coming out?
Posted by stockster5 on :
Well, looking through most of SEC forms 3,4, 5, 13f etc in an effort on insider info, what I haven't found is if these officers had made puts or calls with their purchases. My feeling is hopefully long, because the insiders think pps will rise at some point. If anybody knows where to get actual buy type of the stock, I would appreciate the info. Perhaps I missed something in the fields of these sec forms somewhere. thanks S5
Posted by crockett on :
Hey quick question, do any of you still have CALI shares in your portfolios?
Posted by stickfigurefred on :
No.
quote:Originally posted by crockett: Hey quick question, do any of you still have CALI shares in your portfolios?
Posted by stockster5 on :
Mine where officialy transfered to svxp awhile ago, so no, I don't think I have anything 'cali'
Posted by HossTrader on :
I hope we get some news soon. It is going to take some serious shoving to move this boat.
Posted by Nile on :
Picked up a little over a million today. Can't wait to see this one jump. Very promising.
Just so you all know the reason it hasn't jumped with the White House Artifact news is because that it was not release as a pr. It was just through their emails and web site. The next pr we should see .0005 or .higher.
Posted by Incognito on :
wHITE HOUSE ARTIFACT-Infommation/Find was released to the Newspaper first in following proper media protocol. There will be follow up articles with increased coverage. We will see a PR regarding this matter in the future. I spoke with the Company. BIG NEWS COMING......................
Posted by WarpedMind on :
Incognito, did you happen to get a time frame?
Posted by HossTrader on :
WTF is up with all of the 999999 trades today?
Posted by WarpedMind on :
Maybe it's a MM signal? Are they buys or sells?
If the price of the trade is at .0003, that would make a total of #299.9997 which translates to $300.
If the price of the trade is at .0004, that would make a total of $399.9996 which translates to $400.
According to this handy dandy MM signal list... 300 > Take the price down to get shares 400 > Trade it sideways based on Supply and Demand
Now, I don't know anything about MM signals, how they work, or if they're even real (some say urban legend). I'm just totally speculating here.
Does anyone know about MM signals and can enlighten us? I don't know anything about that stuff. (And I can't seem to find anything on the internet about it either... anyone have some links that can educate me?)
Heh... maybe someone is just simply buying and selling stocks. I guess a MM would probably not use so much money (unnecessary) to put out a signal.
Posted by Thorn on :
I understood it to be the number of shares traded rather than the $ value, but that's an interesting different take on it.
Posted by Incognito on :
Warper- I asked for a time frame- Curtis said "soon"... If the find is confirmed it would be "National News". Perhaps Front Page.. GLTA
Posted by Thorn on :
quote:Originally posted by Incognito: Warper- I asked for a time frame- Curtis said "soon"... If the find is confirmed it would be "National News". Perhaps Front Page.. GLTA
I am wondering if there is any info about what might have been taken from the Capitol (what was there?) and thus what might have had a chance to survive under the waves for this long
Fortunately, chances are that anything worth looting was likely made of some sort of precious metal...).
Posted by WarpedMind on :
quote:Originally posted by Thorn: I understood it to be the number of shares traded rather than the $ value, but that's an interesting different take on it.
I also thought it had to do with number of shares... but I was stretching here. Dunno.
Posted by stickfigurefred on :
Found this, looks like they may get some friction on any recovery attempts.
looks like he just wants to film and document the wreck before they start damaging the site buy recovering things.
I don't see it as a bad for the historic point of view but it might take a little longer for our guys to get to work on it.
Posted by gohigh on :
How's this guy going to film the shipwreck? Supposedly, all the wooden ships from this period have long since disintegrated. Now, if he wants to film the actually treasure recovery effort and make a documentary of it, that might be interesting for our little company here! Posted by WarpedMind on :
Wut's the deal with this stock? Argh! I wish it'd go up just .0002!
Posted by gohigh on :
Warp, I just wish I could get some more AT .0002. Looks like someone picked up 11M shares a few minutes ago.
Posted by HossTrader on :
I have a had a gtc order to sell 9 million shares at 0004 sitting there since last wednesday. That will still leave me with a couple million, but it is going to take something big to move this one.
Posted by rickpic on :
the web site has been updated!
Posted by WarpedMind on :
Where has it been updated? I'm looking but I can't find anything new. Got a link? Thanks.
Posted by crockett on :
quote:Originally posted by WarpedMind: Where has it been updated? I'm looking but I can't find anything new. Got a link? Thanks.
Looks like they are going to only release 3 new items a week for the time being.. Looking at the track record.
Posted by WarpedMind on :
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ.
How 'bout some action already? (preferably up)
Posted by WarpedMind on :
Well, I'm a happy camper. :-) Just flipped it again for 29.86% (commissions included). Woohooo! Thanks ric for teaching me this strategy!
Posted by servant_350 on :
what strategy? Posted by stockster5 on :
Buy low, sell high of course
Posted by iiiqqqeg on :
so it never went below .0002 recently?
and what the target for this long term ?
i hope it won't be like pccr
ready to get it
Posted by crockett on :
quote:Originally posted by iiiqqqeg: so it never went below .0002 recently?
and what the target for this long term ?
i hope it won't be like pccr
ready to get it
Target .. not sure
I wouldn't jump in expecting this to move any time soon. We are basically waiting for a good PR telling us some good news that gets this one going again.
I wouldn't buy expecting it to be a fast gainer.. but if you can buy at .0002 and get a quick flip in a week or so at .0004 you have a nice profit.
Personally most of my shares were bought at .0004 and a few at .0005. I'm thinking of trying to sell all at .0004 and then buying at .0002 again if I can.
Posted by Nile on :
Did anyone see the Financial that they put out. If some one can go look at it and tell us what it means that would be great........ mmmmmmmmkay.
Posted by Thorn on :
Two trades of 500k at .003?
Posted by rickpic on :
CEO buying more shares here! another form 4 for 20999805 shares
Well I suspect tomorrow there will be 3 new artifacts pictures on their website. Seems they have been adding those every Tuesday.
Posted by Thorn on :
I do wish they'd move that duplicate spoon pic off.
Posted by crockett on :
Anyone have any thoughts why we closed up today? I saw a small 400 shares trade go through at .0004 then we had about 4 or 5 big sized trades at .0004 to the close.
Posted by Nile on :
Glad to see the close up, it makes me confident to know that the CEO is buying up shares. I dont think that they will be diluting or reverse splitting anytime soon.
Posted by rickpic on :
Sovereign Exploration Associates International, Inc. announces the investment in a new portfolio company 11/29/2005 9:25:01 AM NEWTOWN, Pa., Nov 29, 2005 (BUSINESS WIRE) -- Sovereign Exploration Associates International, Inc. ( SVXP ) announces the investment in a new portfolio company, Sovereign Exploration Associates International of Spain, Inc. (SEAI of SPAIN).
SEAI of SPAIN is a Spanish based company led by Mr. Luis Valero de Bernabe Gonzalez as President. The Company is responsible for the administration of SEAI business development and operations in Spain and Portugal.
As part of the agreement, SEAI of SPAIN has acquired interest in the finder rights to certain Spanish wrecks from Luis Valero de Bernabe Gonzalez.
"I am impressed with the good working relationship that has been established by SEAI's portfolio company, Artifact Conservation & Recovery, Inc. (ARC), with the Canadian Province of Nova Scotia, its focus on cultural exchange, and the quality and expertise of its recovery operations and management team. I am pleased to have the support of SEAI to help develop our projects here." said Mr. Valero.
Bob Baca, CEO of SEAI comments that: "The addition of SEAI of SPAIN greatly compliments the opportunities associated with other SEAI portfolio companies".
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. ( SVXP ) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXP has filed Form 8-K.
Posted by crockett on :
quote:Originally posted by rickpic: Sovereign Exploration Associates International, Inc. announces the investment in a new portfolio company 11/29/2005 9:25:01 AM NEWTOWN, Pa., Nov 29, 2005 (BUSINESS WIRE) -- Sovereign Exploration Associates International, Inc. ( SVXP ) announces the investment in a new portfolio company, Sovereign Exploration Associates International of Spain, Inc. (SEAI of SPAIN).
SEAI of SPAIN is a Spanish based company led by Mr. Luis Valero de Bernabe Gonzalez as President. The Company is responsible for the administration of SEAI business development and operations in Spain and Portugal.
As part of the agreement, SEAI of SPAIN has acquired interest in the finder rights to certain Spanish wrecks from Luis Valero de Bernabe Gonzalez.
"I am impressed with the good working relationship that has been established by SEAI's portfolio company, Artifact Conservation & Recovery, Inc. (ARC), with the Canadian Province of Nova Scotia, its focus on cultural exchange, and the quality and expertise of its recovery operations and management team. I am pleased to have the support of SEAI to help develop our projects here." said Mr. Valero.
Bob Baca, CEO of SEAI comments that: "The addition of SEAI of SPAIN greatly compliments the opportunities associated with other SEAI portfolio companies".
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. ( SVXP ) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXP has filed Form 8-K.
ahh you beat me by seconds.. I had just yesterday set my sell at .0004 in hopes to sell out and rebuy at .0002 or .0003 for a quick turn around.. Good thing I had my L2's open and saw that early 2.5 million buy go through. I knew something had to be up..
Let's hope for a good day Posted by crockett on :
well I didn't beat the clock.. I had set my sale point as posted above to try for a quick run around and to get back in at a lower price with more shares.
However the MM's had other ideas for me and grabbed my shares in that quick buying spree before my cancel order went through.
So I'm out at this point waiting for a chance to buy back in at .0003 or .0002.
L2's if anyone wants them..
7 x .0003 2 x .0004 vol 80 mil
Posted by Thorn on :
You should be able to get back in at .0003 later this week. There is nothing to keep the price up there for the rest of the week, imo.
Posted by Nile on :
Any one have L2's?
Posted by crockett on :
quote:Originally posted by Thorn: You should be able to get back in at .0003 later this week. There is nothing to keep the price up there for the rest of the week, imo.
Yea I'm thinking the same thing. We got more good news today but I don't think it is going to really take us up much.
It's good they are expanding, but looks like it's going to hang at the .0003 - .0004 range with the occasional .0002's. I still think it's going to take hard numbers on what has been found so far to move this one.
Posted by crockett on :
quote:Originally posted by Nile: Any one have L2's?
8 x .0003 3 x .0004 vol 106 mil
Posted by Thorn on :
Now, why are they repeating the same news? Did they actually think that this PR would make the stock move?
Posted by crockett on :
quote:Originally posted by Thorn: Now, why are they repeating the same news? Did they actually think that this PR would make the stock move?
it's not the same company.. This one is in Spain..
"SEAI of SPAIN is a Spanish based company led by Mr. Luis Valero de Bernabe Gonzalez as President. The Company is responsible for the administration of SEAI business development and operations in Spain and Portugal."
Posted by rickpic on :
I smell a friggin rat here!
8mm walk off the bid with only 30m shares!
either the MMs customer just sold everyone on the bid short shares or
the company dumped them
one or the other, but somebody is a rat!
this is ugly!
Posted by Nile on :
quote:Originally posted by crockett:
quote:Originally posted by Thorn: You should be able to get back in at .0003 later this week. There is nothing to keep the price up there for the rest of the week, imo.
Yea I'm thinking the same thing. We got more good news today but I don't think it is going to really take us up much.
It's good they are expanding, but looks like it's going to hang at the .0003 - .0004 range with the occasional .0002's. I still think it's going to take hard numbers on what has been found so far to move this one.
I agree with you on that one. This wont jump up past .0005 unless some numbers come out on how much the whole thing is worth. I was also able to get out at .0004 and get back in today at .0003. This stock is awesome and has so much potential, cant wait to see what happens.
Over 3 million strong .... and growing!
Posted by stockster5 on :
Ricpic, do you think that the original cali boys are frontloading off of sxvp? I've always liked the original marine companies, but I don't like sprouse et el..... what do you suppose?
Posted by HossTrader on :
I would hold off on buying a lot more of this one. When they took over from CALI, the increased the A/S to 250 billion (yes billion) shares and included an item that said there had to be a reverse split next year. There would only be one reason to do that.
Also, as exciting as the finds are. It could be a year or more before anything is actually auctioned off. How do you think they are going to fund all of this recovery until then??
I have sold most of my shares, but still hold 3 mil. It might spike up once in a while, but don't pretend they won't dilute into news.
Posted by stockster5 on :
I may have to agree there hoss. Also, did anyone notice that there were 12 or 13 filings of form 3 and 4 just in the last month. That's alot of insider type trading isn't it. And what happened to sprouse? All I see is baca, gross and cavan. I recognize cavan, but where did gross come from.
Posted by Nile on :
Why is there only one ask of .0004 on the L2's? Did something happen that I dont know about?
1x.0004 8x.0005
Posted by Nile on :
quote:Originally posted by rickpic: I smell a friggin rat here!
8mm walk off the bid with only 30m shares!
either the MMs customer just sold everyone on the bid short shares or
the company dumped them
one or the other, but somebody is a rat!
this is ugly!
What do you mean? Please explain a little more!
Posted by crockett on :
quote:Originally posted by Nile: Why is there only one ask of .0004 on the L2's? Did something happen that I dont know about?
1x.0004 8x.0005
was like that most of the day.. was one or two at the ask all day. Didn't seem to me like the MM's were going to let it go past .0004. Exact same thing that was going on with QBID.
Posted by clintonj on :
Huge volume here with no uptick...POS...
Posted by Nile on :
I dont think anything can be compared to QBID and I definatly dont want anything that Im in to be.
The question I have is why whould the heads of the company be buying up shares if they knew they were dilluting and going to r/s?
Posted by Thorn on :
Confidence in their company's future? I doubt they are trying to swing trade.
The volume is up, but realistically, it is just up relatively speaking. Compared to the possible amount of shares this is low volume, imo.
Posted by Nile on :
The MACD and RSI still are turned positive and some one just ate up 16,000,000 shares... thats rediculous.
Posted by clintonj on :
318 mil shrs and still no uptick....unreal.... i'm dumping everything soon!!! Better plays than this one to be sure!
Posted by stockster5 on :
That 16m may be insiders again. It's looking suspisiously like frontloading, where they buy bunches of shares for a quick flip either way. Nothing unusual about this, but still may not be fair to the rest of the traders. The thing is, I don't think I've seen any actual people from the original marine co. buying shares, just new and old people associated with cali. Don't like that. My gut feeling is cali cronies sucking out profits from new issues then r/s and doing it all over again. imo only
Posted by Nile on :
Yea, I can understand now. Luckly they ate up my shares so I got out up almost 66% increase with just flipping it twice.
Posted by Nile on :
Full STO is flying into oversold. I would sell if any one still has a position in this. Just wanted to help those out. Im not bashing.
Posted by gohigh on :
I get the feeling they could find Atlantis down there and this stock wouldn't crack .0005. This boat is just too heavy to move and I too am thinking of bailing. Anybody going to ride it out to the R/S? Posted by Bluemound_Freak on :
Got my sell in at .0004 and it would not go through all morning, now it is down to .0003 and I am stuck holding this pile of dooooooo toooooooo!
Posted by gohigh on :
450 million shares traded today. I still have mine though. I guess I'm going down with the ship. Yo Ho Ho!
Posted by stickfigurefred on :
Yea I got out at what I got in at so no biggie. Not going to ride this one anymore.
Posted by WarpedMind on :
rickpic, have you taken all your shares out? Or are you sticking around?
Posted by Thorn on :
/me waves bye to those who left
SVXP gets noticed by Infinitystocks.com Date: Wed, 30 Nov 2005 16:25:34 -0500
Yeah, hold on to those shares a little longer, Blue. I think we're all just a bit frustrated by the lack of movement in this stock. I too was considering bailing, but I believe wisdom has prevailed. Why sell at the bottom?
When and if stock moving news comes out, I'm sure management will have the foresite to let the pps run up a bit before they introduce more shares. Why else would four big insiders purchase over 100 million shares on the open market in the last month? Because they're insiders and they know things we don't yet. And if there are people legitimately shorting this stock, they will have to cover sooner or later.
Other than that, things are just starting to get interesting. Thanks for the link Thorn. http://www.infinitistocks.com/penny_stock.htm That's our first "Very Strong Buy" coverage that I'm aware of. So, "Well done", to all who made profits on the .0003 to .0004 swings and left, but I still feel this baby has a double, triple or x-touple in her.
Begad, we're all going to make a lot of money on this one or go down with the ship. I hope you're with me, me hearties!
Posted by Thorn on :
quote:Last week, documentary filmmaker John Wesley Chisholm said he should be allowed to document the site before treasure hunters damage it.
But Sprouse said Chisholm’s company, Arcadia Entertainment, didn’t make the list of credible partners and therefore wasn’t invited to go down and take a look.
So, this could mean that they'll make some $ off a documentary, but it's unclear since they aren't allowing Arcadia down there--not that documentaries make a lot of $ for the film maker, but still, this could be big.
quote:Artifacts automatically go to the Nova Scotia Museum of Natural History, and treasure is subject to a 10 per cent royalty charge, which goes to the province.
Ok, so they don't get to sell any items found that came from the White House. That's confusing since SEAI talked about what such items would be worth; I wonder if there is a finders fee.
Posted by stockster5 on :
I'm still holding... but I don't think sprouse, cavan, gross, or baca could care less about the marine product.... it may take a year to get income from artifacts so I think these insiders are grabbing shares to sell as soon as the price moves up for a quick profit, then they will short a bunch after they drive down the pps. Sorry, it's looking like a classic insider grab and smash. Check out these guys past trading habits. What may be wise is to follow their lead, like buy now, and sell when the insiders start dropping. Following insider trading is relatively profitable but you have to have the resolve to act instantly. If it means anything, I'm going to try to pad my holdings now, then sell 60% when the big guys move ... and keep alittle in play just in case of a miracle and it actually starts to operate like a dollar company. This is only my opinion and not advise to be acted on. I have always felt and read that to trade profitably you need money management, keep 80% of your portfolio liquid and ready, but use perhaps 20% for mad trading - like any crazy stuff, long, short, nuts... whatever, as long as the rest is in low risk positions. Whatever floats your boat!
Posted by Incognito on :
LOL- You are delusional. The Philly Inquire and The Daily Times articles tell the story...
DAILT NEWS:::: Treasure-hunter: nature ravaged Fantome wreck, not human exploration
HALIFAX – Curtis Sprouse wants to chuck the notion that shipwreck treasure-hunters are pirates who only care about profits.
He’s the chief operating officer of Sovereign Exploration Associates International Inc., a company supporting two treasure-hunting expeditions in Nova Scotia — including HMS Fantome.
“There’s this desire to give people concern that there’s a ship down there that’s being ripped apart and ravaged. A 300-year-old wooden ship — there is no wood, especially in Nova Scotia water.”
Fantome, carrying loot from a sacked White House, went down in 1814 while escorting a convoy to Halifax.
Last week, documentary filmmaker John Wesley Chisholm said he should be allowed to document the site before treasure hunters damage it.
“If someone today went to Washington, D.C., burned down the White House and stole every object of cultural significance in it and then left with it, how significant a story do you think that would be?” Chisholm asked last week.
“I would suggest to you that’s a borderline international incident just to be disturbing these artifacts.”
But Sprouse said Chisholm’s company, Arcadia Entertainment, didn’t make the list of credible partners and therefore wasn’t invited to go down and take a look.
“We’re going to work with people who are professional and actually do their homework, as opposed to people who try to raise concern and fear without appropriately stating the facts,” said Sprouse.
Sovereign, an American company based in Wakefield, Mass., holds the only permit for the site and has already pulled up a wealth of items from the rocks near Prospect.
Sprouse said a scientific crew escorted the dive team this summer to make sure the site was preserved. That team — which includes a Titanic researcher — is now examining the data they collected to figure out how many ships went down and what happened to them.
According to the Treasure Trove Act, anything pulled up from a shipwreck falls into two categories: treasure or artifacts.
Artifacts automatically go to the Nova Scotia Museum of Natural History, and treasure is subject to a 10 per cent royalty charge, which goes to the province.
What’s left for Sovereign will be sold through private sales to collectors or through auction.
The Fantome site — which will take years to fully explore — could easily be worth millions. - Jennifer Taplin
Posted by Incognito on :
I couldn't find anything related to SVXP at that site....
Posted by stockster5 on :
neither could I. But incogs previous link was informative. Nothing new, but it did state that sxvp wasn't releasing info on finds at this time. My comments before are about new officers that came with the take over by cali. They are the ones doing all the inside buying. The article also echos what I said ... could be a year before any income is derived from actual recoveries. So where does that income come from?... cali bank holdings and stock issues to us most likely. Sprouse has no known professional experience in salvage, he's must be there for his management exp. AND ... he knows a quick buck when he sees it. We, the outside shareholder WILL NEVER have the advantage the insider has as to buying themselves tons of stock, bonds and preferred issues being officers of the company. I don't think you do yourself justice by just looking at the frontend of a company without investigating the history of its officers in charge. Especially with a penny stock company. SXVP may even survive repeated changing of the top officers, but that is in the future and I can't predict that....
Posted by gohigh on :
Let's keep this whole thing in perspective! If you're buying a $3 stock (let alone one trading at 3/10,000ths of a dollar), you're doing some pretty speculative buying. You're speculating that the stock is going to reach it's sell price (whether it's .0006, .01, or 5$ a share, before it goes to zero. That's what we're doing here.
If we knew everything about this company, who's buying and selling when, what their future plans are, how much treasure they're actually recovering, and what effect the film crew is going to have on everything, etc., the pps of this stock would probably be different. But then, there wouldn't be a mystery and we might as well be investing in snail farming. Since we don't know everything, and that's what makes it a speculative buy, .0003$ a share seems like a more than reasonable entry point to me.
Posted by stockster5 on :
Well, you just summed up the whole penny enchilada gohigh........................
Posted by gohigh on :
What the heck. The worst it can do is go to zero, and somehow I don't think that's going to happen here. Posted by stockster5 on :
naaa, I don't think so either. I am guessing the insiders may be long. What I really wish is when I read a sec form 3,4 or 5 I could tell if the shares bought where long or short. Is there some way to know this from the sec. I may be able to get this info from scottrade, my broker but I have to log on and all that noise. ah well. At least from what I can tell, the marine company isn't just a shell for the officers and board to profit from without a product.
Posted by Thorn on :
That seems like a moot point to me. If they are playing it short (insiders playing their own company short??) then, well so are we (aren't we?), and if long then well, it's nothing for us to worry about, since we'll be out long before it matters.
Why would you be thinking that they are playing it short term??
Considering that insiders know more than we do, if they are putting their own money into the company, then it must be good. Think about it. If they think the stock is going to go down for any reason and only in the long term go up, they they will know that and will wait for the low price. They are not going to buy high and wait for it to go down just so that they can eventually see it go up. Posted by rickpic on :
Could the shares that Sea Hunt Inc now holds be shares used to merge Sea Hunt Inc with SVXP. Is this filing giving us a heads up to an upcoming merger or acquisition PR? I'm not sure but it worth a thought at least.
Posted by clintonj on :
Ric, that's 10 bil plus shares wasn't it???
Posted by rickpic on :
10+ Common and 10+ prefered
Posted by rickpic on :
I did a google of Sea Hunt inc and they have a few interesting wrecks under there belt
Posted by rickpic on :
I assume that news is on the way seeing as the Atrifacts on the web site have been updated and those form 3 and 4's are out this AM!
Posted by ams545 on :
i will hold it until 0.0006
Posted by Thorn on :
Thanks rickpic
Posted by stockster5 on :
I guess then sea hunt may be a major shareholder at this time? 20 bil is a good chunk I think.
Posted by stockster5 on :
sec form 10-Q on 11/14/05 and form 3 on 12/01/05 shows no increase of outstanding shares
Wait a second... svxp just shows 2 bill in outstanding issued. How can Seahunt buy 20 bill in common shares if there isn't any official issued amount. Does sxvp just create 20 bill more just for seahunt. Will a new form 3,4 show up on monday the 5th. And as far as I can tell, seahunt is just one guy out of a florida office behind a restaurant. I don't want to smell fish here already.
Posted by stockster5 on :
Well Mr Knollenberg is now an official non officer insider owner with over 10% owned. I'd like to know where sea hunt got millions to buy billions of shares even at .0002. I thought companies had to list somewhere all the shares that they issue at any time. Maybe not. Normally it is said, that when officers and insiders buy their own stock it is restricted for at least 6 months. There may be other rules or company policies that allow otherwise.
Posted by stockster5 on :
Rickpic, your only 42 miles from Wakefield, do you work for sxvp in some way. Thats less than an hour commune. Anyways, were you aware of the ownership laws of original owners. Sea hunt lost the right to dive the juno and others because spain claimed ownership still. The courts at this time have sided with Spain on at least those ships. So this may come into play with sxvp and the fantome site. I'm not sure if Sea hunt had a permit and it was pulled or if it was a request for a permit. The key here may be that the artifacts have to be officially declared from the fantome, and if so, may be litigated for reclaiming by the original owners. Just something to think about. Could this be partial reason for non disclosure of artifacts brought to surface?
Posted by ams545 on :
what do think for today ???
Posted by Thorn on :
Wait til Tuesday.
Posted by gohigh on :
Are anybody else's L2's not working today for SVXP? I'm showing 2 asks at .0004 and that's all.
Posted by Nile on :
I just received this in an email so I dont have a direct link.
Sovereign Exploration Associates International Inc. (SVXP) Corporate Overview
Company History
Sovereign Exploration Associates International (SVXP) is focused on changing the image and professionalism of maritime artifact exploration, discovery and recovery. The foundation of SVXP goes back more than 25 years to a core team of explorers, divers, historians and marine archaeologists. This vision has grown over time to include a variety of business roles as well. The vision of this core group of associates could be achieved only through the public markets. Management evaluated a number of corporate vehicles to find one that would meet the needs of our portfolio companies. A reverse merger with CALI Holdings allowed the management of SVXP to assume control of a publicly traded shell. All investments and portfolio companies of CALI were divested and any affiliation with previous management was ended. The control of the Board was changed as well. SVXP moved forward to focus on the development of and investment into companies that provide a compelling business opportunity in the area of maritime exploration and artifact recovery.
SVXP will continue to seek opportunities to invest in portfolio companies that offer the opportunity to recover lost artifacts and reward investors.
A Business Development Company SVXP is a Business Development Company (BDC) under the Investment Company Act of 1940 aggressively seeking opportunities in emerging and fast growth industries.
The term "Business Development Company" applies to companies that are in compliance with The Investment Company Act of 1940. A BDC is a private-equity firm that goes public and sells shares in itself. A BDC can be listed on the NYSE, AMEX, NASDAQ or OTCBB.
SVXP has aggressively pursued investments in portfolio companies that focus on recovery of artifacts, ships, planes or other important items at sea or in large bodies of water. Such companies as Artifact Recovery & Conservation, Inc. (ARC), Sea Research (SR), and Sovereign Exploration Associates International Inc. of Spain (SEAI of SPAIN) give SVXP and its shareholders the best opportunity to succeed and grow. SVXP will continue to invest in comparable companies to add to its family of successful portfolio organizations.
Site Management Process, Efficiency and Economics
The management of recovery teams and resources is unique within SVXP portfolio companies. ARC, SE and SEAI of SPAIN have the ability to move resources within the portfolio of sites. Weather, tides, currents, and sea conditions can disrupt recovery on any one site at any time. Movement of resources between local sites when conditions do not allow for safe recovery, as well as the movement of resources seasonally to maximize efficiency, significantly increases recovery effectiveness as measured by time in the water per diver, per week.
A vast difference exists between the success of inshore versus offshore recovery sites. The dynamics associated with inshore, shallow-water projects are far less costly and provide ARC, SR, and SEAI of SPAIN with a higher likelihood of greater recovery-per-dive than achieved by organizations that focus solely on deep-water recovery operations. Scaling based on divers vs. equipment is far less costly and considerably more efficient. Mechanical difficulties and challenges at extreme depths greater than 200 feet can be substantial. While many deep-water sites provide significant opportunities for recovery, the management of ARC, SR, and SEAI of SPAIN do not see a benefit in targeting these types of sites during the next two to three years.
When multiple, shallow-water offshore sites are managed from a central location, dives can be handled more efficiently. The deployment of resources on different sites when conditions are not favorable at any one site provides important operational options. ARC, SR and SEAI of SPAIN's large inventory allow the three companies to spread risk so that deep-water offshore projects do not consume significant resources without organizational return.
Business Structure Used to Minimize Cost
The cost of recovery in shallow water is considerably less than recovery in deep water. These sites are economically advantageous because they permit the leasing of all major equipment, including dive ships. Less costly technological materials, such as compressors, small zodiacs, and dive equipment for recovery teams, require minimal maintenance and have relatively long life cycles. This enables ARC, SR, and SEAI of SPAIN to standardize equipment to increase site efficiency without entailing a large investment in ships that require costly engineering teams and extensive support staffs to be maintained. ARC, SE and SEAI of SPAIN also use a combination of salaried divers and contractors to reduce personnel costs. An important goal of ARC, SR and SEAI of SPAIN is to dive and retrieve artifacts every day that recovery operations are being conducted on a site. The dynamics of the operations make this highly likely.
Mother Nature's Method of Preserving Sites
Some recovery companies feel that shallow, inshore sites have a higher risk of being pillaged over time. Through a well-developed site selection process and refined recovery methodologies, ARC, SR, and SEA of SPAIN have proven that this perception is inaccurate. Many sites are protected naturally by geography, the remoteness of the location, and conditions that include tides, currents, water temperatures, weather patterns, and other seasonal dynamics. Many of these conditions contributed to the initial loss of these vessels and made recovery of their artifacts difficult or impossible until recently. Time has also played a major role in protecting the sites. Sites that are 200 to 300 years old have been preserved by a number of natural processes that include but are not limited to concretion, ice, and the natural movement of the sea bed. ARC, SR, and SEAI of SPAIN have identified other factors that are proprietary to their site selection process and have increased the likelihood of major recoveries on shallow inshore sites.
Intellectual Property
The historic roles of the ships SEAI explores are as diverse as the times in which they sailed. This creates significant intellectual property opportunities that will be told through books, articles, documentaries, movies, and other media.
While many of the sites explored by ARC, SE and SEAI of SPAIN have historical importance of their own, the large inventory of artifacts recovered to date has identified threads that link the sites historically. Unlike any company that has engaged in the recovery of ship cargoes, ARC, SR, and SEAI of SPAIN will be able to collaborate on recovery initiatives in order to share site information that will support or change the understanding of historical events.
Target Portfolio Criteria
Sovereign Exploration Associates International targets portfolio companies that:
. Have government-granted permits, licenses and/or rights to significant marine archaeological sites. . Combine sound business practices with extensive expertise in marine exploration. . Have a large, proven inventory of vessels with artifacts of historical and intrinsic value. . Have diverse inventories from different countries of origin and different time periods. . Maintain proven processes for retrieving important archaeological items for careful conservation and preservation.
Current Portfolio
Artifact Recovery & Conservation, Inc. (ARC)
. Management with over 20 years of recovery experience. . Owns five (5) sites, several of which have multiple ships of Spanish, French, British and Colonial origin. . The ships contain diverse cargoes, including money, bullion, religious and military artifacts, jewelry and other personal items spanning the period from 1533 to 1900.
Sea Research (SR)
. Management with over 15 years of recovery experience. . Owns seven (7) sites, several of which have multiple ships of Spanish, French and British origin. . The ships contain diverse cargoes, including money, bullion, religious and military artifacts, jewelry and other personal items.
Sovereign Exploration Associates International, Inc. of Spain (SEAI of SPAIN)
o Has operations in Spain and Portugal. o Has interests in the finder rights to certain significant Spanish wrecks. o Greatly compliments the opportunities associated with other SVXP portfolio companies.
---------------------------------------------- James Cavan Sr. VP, Business Development and Institutional Relations Sovereign Exploration Associates International, Inc. OTC BB: SVXP (781)246-7512
Posted by Thorn on :
Well, things held on L2 today. (I didn't have a problem with L2. Sorry I didn't read your post sooner. L2 at .0003x6 bid, .0004x8 ask; mostly trades at .0004 today).
Hopefully with some good news tomorrow it will go to .0005, but wait and see. Volume has been up, so that's a good sign at least.
Posted by gohigh on :
We need more than "hope" on this one. We need some transparency. The treasure that they're recovering and displaying at http://www.sea-int.com/ is wonderful, but:
#1 What's the rough value of ALL the loot that they've ACTUALLY recovered?
#2 What's the EXPECTED value of the loot that they THINK they are going to recover?
Knowing and not knowing the answers to these two questions is the difference between buying a lot MORE of this stock for the long haul, or not and taking the 'quick' profit in the next few upticks.
Posted by stickfigurefred on :
Take the quick profit, not worth risking on this one. They have yet to prove themselves trustworthy to the investment community.
Posted by HossTrader on :
If nothing else, get to free shares. Best of both worlds. No money lost, but a piece of the action if they show anything in the next year.
Posted by stickfigurefred on :
Agreed.
Posted by stockster5 on :
Hoss... would you define 'free shares' thanks
Posted by HossTrader on :
Basically, it is where there is a spike of some sort and you sell enough shares to recoup your intial investment.
ie. Buy 100 shares, and then when the price doubles sell half of them.
Then you can't lose any money because you have already broke even, and if there is more growth, you are still holding half of your original stash as pure profit.
Posted by clintonj on :
pos SVXP printing 4x5 and looks to be about ready to hit .0006...go you dog!
Posted by Nile on :
nice little jump.... wish i was still in it.
Posted by crockett on :
old news...different day crockett, not bashing cause i own some here but will dump at 5 or 6 today and will repurchace at .0003 Posted by crockett on :
quote:Originally posted by clintonj: old news...different day crockett, not bashing cause i own some here but will dump at 5 or 6 today and will repurchace at .0003
It's old news for us.. but new news on yahoo..
Tuesday December 6, 9:43 am ET
why do you think you are getting the .0005 and maybe .0006 today..
Posted by clintonj on :
good one Crockett...roflol Posted by Thorn on :
GL on getting out at .0006; I think this is it.
Posted by rickpic on :
It would not surprise me at all if the AP picks up this historical find and it finds its self on your evening news channel! Heads up!
Posted by crockett on :
quote:Originally posted by Thorn: GL on getting out at .0006; I think this is it.
I'm don't think you are going to hit .0006 today. I've been watching this stock everyday since I first bought it on the L'2's.
Even when I'm not holding it I have it's L2's open to watch for quick opportunities. One thing I've noticed is the MM's are only letting it go up to the .0005 for it's HOD. Even if there is bid support they don't seem to want to let it go up. Last time I saw it go any higher than .0005 was when I sold my first batch at .0007
I think the best way to play this one for the time being is try and do quick in and outs. I bought 2 million shares today at .0004 and resold them at .0005. Made a quick profit and I have open cash that I can buy back in to what ever I want.
I think I've learned my lesson not to fall in love with these things no matter how good they look.
btw
7 x .0004 3 x .0005 vol 228 mil
Posted by gohigh on :
Rick, is there some way to bring this historic find to the AP's attention? I'm sure national news would take out all those 5's and 6's I'm seeing on the L2's. Otherwise, it looks like we're not going to get passed 5 today, and it'll settle back to the 3's and 4's tomorrow.
Posted by Thorn on :
It may not make it back to 3's, or at least not this week for very many trades. I think there is enough interest now to keep it at the 4's. I don't see it making it past 6's without a lot of attention and news; just look at the L2!
Hype is unpredictable, so as Rickpic said, it could do the trick.
Posted by gohigh on :
If you got out at .0005 today you did well. You probably can get it for .0003 again very soon, I would imagine. Look at all that .0004 action.
Posted by Thorn on :
A few dips to 3's then off to 4's again, I bet--though the rest of the week could bring it all back down again. I hope Rickpic is right and the AP gives this an extra boost.
I notice that the 5's are not growing, but are stuck at x6. People are expecting a run to 6' I guess.
Posted by gohigh on :
It's nice to know this stock is capable of popping up 66% on relatively low volume. It came back down, but it goes to show that a good bit of news can move this boat. Posted by Thorn on :
Now it's:
bid .0003x13
ask .0005x7 .0006x6
--------------- Ah, our favorite two MMs have moved to .0004 on bid. Hardly any trades occurring however.
---------------------
...and back to the spread of 3/5 with little to no action. Interesting.
Posted by crockett on :
quote:Originally posted by gohigh: If you got out at .0005 today you did well. You probably can get it for .0003 again very soon, I would imagine. Look at all that .0004 action.
That's what I'm after now.. I have a order in at .0003
btw
13 x .0003 7 x .0005 vol 326 mil
looks like a stand off lol
Posted by gohigh on :
Impressive! We finished the day up 66.67% Way to go guys. Posted by iwearpro on :
quote:Originally posted by imakmony2005: Got to watch rick on this one he owns 10% of the company.
Can you say dilution right into ones pockets!
Posted by imakmony2005 on :
this has been great to flip buying .0003 selling .0004 4 times now.
Posted by ams545 on :
what do you think today !!! hits the 6 ??
Posted by ams545 on :
i will wait until hits the 6
Posted by ams545 on :
yes yes , it will hit the 6 today after 1 hour
Posted by ams545 on :
what's up ??
Posted by crockett on :
quote:Originally posted by ams545: what's up ??
There is no reason for it to hit .0006 today. Would need very good news for it to break past .0005 again.
Posted by gohigh on :
Sigh...You know it's a slow day when SVXP almost slips off of page 1. One way or another this stock is going to break out of the .0003 to .0005 trading range come April! Can't wait, although I know a lot of you are content to trade back and forth here at the bottom. As long as the interest keeps up we're looking good. No front page news yet I guess...
Posted by ams545 on :
mmmm, bad day
Posted by stockster5 on :
thanks hoss, I was close to what I thought that meant.
Posted by ams545 on :
not sure how I want to view this line item in that form 4 filing!
Explanation of Responses: ( 1) 45% of SVXP is owned by Sea Hunt Inc. of which Mr. Knollenberg is 100% owner.
I would guess that it amounts to a merger PR in the near future though!
Posted by Thorn on :
(Um, nm...I'm a little slow this morning)
Posted by ams545 on :
do you think it will hit the 6
Posted by Thorn on :
Not until next Tuesday, if then.
Posted by HossTrader on :
Guys, I bailed today. So you are almost guaranteed a spike in the next week! LOL
Posted by gohigh on :
I hear you Hoss! If I got out here this stock would at least double and probably 10-tuple. Good luck and I hope you made a little dough on this one.
Posted by stockster5 on :
Well, one thing Rick, Sea hunts just one guy and I can't find anything definite about his company except he had a small office behind a restaurant in florida. Cali had many little shell companies that they used to issue stocks, the initial profits all went back to cali. This guy may be more of the same. But subsidy shell companies are sometimes used as legitimate techniques to raise capital for the parent company. It's only when you see all the income going to administration and salary costs that it starts to smell. (administration is another way to describe a paycheck to the officers).
Posted by stockster5 on :
I can only see sea hunt fitting in on paper, I don't see this guy as a active marine partner. If there is more 3 and 4 filing, I think somethings going to happen, but not for shareholders, but for all those shares these handful of guys bought up. Same ol' same ol' Since Rick's holding millions, I like to see at least him make out. S5
Posted by stockster5 on :
Awhile ago, I was looking at a penny issue where they authorized and sold 10 bil of stock. Income was around 5 million from that o/s. Looked at their co. profile and they had no product, no income for the last 2 years but the administration and salary costs where 4.2 mil. (PER YEAR) They had only 5 officers. D'oh. makes you just want to jump in and invest with them huh. Just an example.
Posted by Thorn on :
Sea Hunt (in 2001 at least) owned two permits to retrieve treasure issued by the Commonwealth of Virginia (Virginia Marine Resource Commission) representing permit areas 97-0163 and 97-0498.
Posted by kilerb on :
Was this really at $2.70 in the last 12 months? What happened to make it "dive down" (Excuse the pun) to .0004?!?
Posted by Thorn on :
Kilreb, you better do some DD. The current company is not related to the company that existed 12 months (or even a little over 1 month) ago.
Posted by kilerb on :
Asking questions is part of doing DD, Thorn. Don't get all high and mighty when someone asks a question that maybe naive in your eyes. They might just be asking to see what the board's opinions/answers are.
Posted by rickpic on :
He gave you one! "Go do some more DD"
Posted by kilerb on :
Thanks rickpic, I saw that... I appreciate the play by play though! Posted by Thorn on :
Um, Kilerb, that information you were asking about is pretty darned obvious if you just read this tread, let alone just do a minimum of effort in looking into the stock.
Seriously, you can get all huffy about my statement or you can do some DD. People don't post here to do DD for you; if they do that's just great, but why do you trust what total strangers say? There are way too many naive traders on the forums.
I have no idea what CALI's problem was; probably because it was a holding company with no real income, it's price dropped. I doubt the owners even cared about the pps. When the stock symbol changed to SVXP, the ownership did too, so you can't really look back at this stock's trend. Now, that doesn't mean you should trust that the current owners are looking out for the traders.
There is a lot of good stuff in this tread alone, just take some time to read it.
Sorry if I offended you. I'd rather do that than give you a false feeling of security though. Trading otc stocks is hell.
Posted by Thorn on :
I can't help but think that it should move to .0005/.0006 today, or at least by Tuesday. The volume is really good, and trading mostly at .0005 now.
Posted by stockster5 on :
Thorn, you know what?.. I think I read where sea hunt didn't get the permits because of that original ownership law.... I may be incorrect there, but sea hunt still is a real small operation. Cali, lets face it, the officers are in this to make money for themselves. We small traders are along for the chum drippings. They make a hundred thousand, I make one thousand, its still good enough money to me.
Hey, I'll ask my wife where's my socks, just because I've looked around already and am tired of searching... "in front of you in the drawer stupid'. So, I tried to save time and effort alittle by asking the know it all.... ... play by play.. that's funny kilrb.... S5
Posted by stockster5 on :
I'm just waiting for Santa and Rudolf to file a 3 or 4 any minute...........................
Posted by iiiqqqeg on :
what the target for this one?
Posted by Thorn on :
quote:Originally posted by stockster5: Thorn, you know what?.. I think I read where sea hunt didn't get the permits because of that original ownership law.... I may be incorrect there, but sea hunt still is a real small operation. S5
I'll just chalk that up as an unfounded opinion then.
quote:Originally posted by iiiqqqeg: what the target for this one?
I think it's anyone's guess at this time.
Posted by stockster5 on :
On Tuesday, February 20, 2001, the United States Supreme Court rejected appeals by both Virginia and Sea Hunt without comment, upholding last July's decision by the 4th U.S. Circuit Court of Appeals. Spain, its ownership of the wrecks confirmed, wishes La Galga and Juno be left undisturbed as military gravesites. The 4th U.S. Circuit Court of Appeals had upheld a 1999 ruling in favor of Spain in Eastern District Court of Virginia. <--- link :: http://www.archaeology.org/online/news/ships.html Posted by Thorn on :
I wonder if the appeal has been processed since then. I also wonder if these sites are the same as the ones listed as owned by Sea Hunt.
Thanks for the information.
By the way, according to the article, only the Juno is restricted; the Galga is owned by Virginia, which is encouraging Sea Hunt to persue recovery.
[ December 12, 2005, 10:07: Message edited by: Thorn ]
Posted by rickpic on :
.0004x.0006 anyone watching this!
Posted by Thorn on :
Yep. Watching. And we have not yet had Tuesday's PR!!
-----------------
I guess I missed where both ships are now legally Spain's, after a later appeal.
This does not bode well for other foreign vessels in US waters....
However, I think the real value of Sea Hunt was overlooked here. Benson has developed a detector that would probably be quite useful to other treasure hunters, including SEAI. However, that is pure speculation. Posted by Thorn on :
Sea Hunt and Spain have come to an agreement... (8/30/2003)
Posted by HossTrader on :
I told you it would go up as soon as I bailed on it!! LOL
Posted by texrecruiter on :
Correct me if I'm wrong. But Ben Benson owned Sea Hunt during all of the Spain problems. And Peter Knollenberg is now 100% owner.
Posted by Thorn on :
I don't know the details yet, Tex. However, at one point in time, AOOR owned Sea Hunt, apparently, and Knollenberg is further related to AOOR by some pipeline in Oklahoma which he owned. It's probably a total mess of spagetti-ownerships if one digs deep enough.
Anyway, this legal issue with Sea Hunt and Spain was a big landmark deal in leagal circles. Interesting stuff.
An agreement between Spain and Sea Hunt would solve the issue, but so far all I can find is a quote someone posted--not very reliable information. If you want to contact Sea Hunt and ask them, that would probably be the easiest (if slow) method of finding out the current status of the Juno and Galga sites. (I bet Rickpic already has this info ).
Posted by texrecruiter on :
Aaaah yes. The wonderful corporate maze of company ownership.
Thanks for the info.
Posted by rickpic on :
Posted by trade04 on :
Im going to try and pick up some *.0004
Posted by gohigh on :
Let's do an experiment here team. Everybody selling at .0006, cancel your order for now. Let this thing get rolling and then put your sell order back in. You'll probably get a much better price.
If all the .0006's Are gone, look at how far this thing could go!!!
Posted by trade04 on :
gohigh check out MOTGE going to pop
Posted by Thorn on :
.0006 tomorrow, but for how long? Only the PR guys knows!
Posted by imakmony2005 on :
.0004 AND SOLD .0005 FIVE TIMES NOW.
Posted by Thorn on :
I wouldn't be surprised if .0004 is gone forever.
Posted by Thorn on :
With no news today, I'll revise my prediction to it going back to .0004
Posted by Nile on :
no one wants to talk w/out news?
Posted by stockster5 on :
From that previous links I posted I linked off somewhere to another site that was a archaeological site that I think stated Spain was final owner sometime in 2004 after the courts involvement. I'm still trying to recover that path for you all. It doesn't look good for US salvager's when these countries pop out of the woodwork after you did all the effort and money finding wrecks just to have them show up and go ... Oh, I think we still own all that gold you spent two years bringing up.........*******s.
OH yea, oklahoma has alot of wrecks buried in that sand and tumbleweed out there.
And I am getting real sick of a couple of guys with a penny company called 'foam cup and napkin supply' r/s'ing then changing their name to 'Nanomicro Brain Surgical Team LLC'... ticker ..NBST ........
Posted by WarpedMind on :
quote:Originally posted by stockster5: And I am getting real sick of a couple of guys with a penny company called 'foam cup and napkin supply' r/s'ing then changing their name to 'Nanomicro Brain Surgical Team LLC'... ticker ..NBST ........
That's a pretty funny sentence... talk about a career change, huh? Posted by WarpedMind on :
BTW, stockster... were you just joking or is that r/s really true? I don't know if you were serious and it was just funny or if you were joking.
Posted by stickfigurefred on :
LOL
Posted by WarpedMind on :
I guess I got my answer.
Thankfully. Anyone can be a doctor nowadays!
Posted by stockster5 on :
Made the ticker up ....... but the technique is painfully unfortunately true...............
at least in the pennies
S5
Posted by Thorn on :
But...that's how penny stocks work!
Posted by stockster5 on :
D'OH
Posted by Thorn on :
Hey! What's with that ARCA MM? 9999 on quantity? What gives?
Posted by Winkie on :
Sovereign Exploration Associates International, Inc. Appoints Two New Directors Wednesday December 21, 9:43 am ET
NEWTOWN, Pa.--(BUSINESS WIRE)--Dec. 21, 2005--Sovereign Exploration Associates International, Inc. (OTCBB: SVXP - News) announces the appointment of two new directors to its five member board. Mr. Curtis Sprouse, who will continue in his capacity as COO, Mr. David Bryant, and Mr. Kevin Smith are stepping down to make their positions available to Mr. Donald Conrad, Mr. Peter Knollenberg, and a fifth Board Member to be added in the near future. Mr. Knollenberg will serve as SVXP Chairman of the Board.
ADVERTISEMENT Mr. Conrad spent 13 years with Exxon Mobile Corporation, mostly as chief financial officer for Esso Europe in London. He also spent 18 years with Aetna Inc., the Hartford, CT.-based insurance firm, as chief investment officer. In 1988, he left Aetna to become CEO and half-owner of the National Hockey League's Hartford Whalers Hockey Club. From 1995 to 2002 he was senior advisor to the president of the World Bank in Washington, D.C. Mr. Conrad is currently a board member of the Chevy Chase Bank in Washington, D.C. CEO Robert Baca said "SVXP will greatly benefit from Mr. Conrad's extensive financial expertise and his international experience working with high government levels which will help SVXP with its international projects and expanding corporate goals".
Mr. Knollenberg is President of Sea Hunt, Inc. and one of the founders of SVXP. Sea Hunt assigned all of its shipwreck rights, contracts and permits to a wholly owned subsidiary called Sea Research, Inc. which was contributed to SVXP. "Mr. Knollenberg has first hand knowledge of the issues involving sovereign ownership rights to ship wrecks, and he negotiated one of the first contracts between a private sector company and a government to recover lost patrimonial artifacts for Spain. As Chairman of SVXP, Mr. Knollenberg will provide strong Board of Director support for management's position that marine recovery and conservation should be professionally undertaken using the best technology and methods available to protect maritime heritage." said Baca. Mr. Knollenberg and Mr. Conrad join Mr. Baca and Mr. Kevin Conner as members of the SVXP Board.
Additional information regarding SVXP and its projects is available at www.sea-int.com
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. (OTCBB:SVXP - News) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXP has filed Form 8-K.
SAFE HARBOR
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
Sovereign Exploration Associates International Inc. Curtis R. Sprouse, 781-246-7512 Fax: 781-245-7774
Posted by crockett on :
looks way to hard to get out of this one now if you got in..
2 x .0006 12 x .0007 vol 24 mil (already half the 10 day average)
Posted by crockett on :
wow looks like you might get another uptick..
3 x .0007 12 x .0008 vol 58 mil
.0008 just printed
Posted by Winkie on :
Sweet
Posted by crockett on :
.0009 printed..
3 x .0008 7 x .0009 vol 87 mil
this thing is going to hit a penny
Posted by kilerb on :
it went up .0003
That's like 50%. What makes you think it's going to go up 1000%???
Posted by Winkie on :
how high ya think this will make it today? Supprised this thread isn't getting more attention
Posted by crockett on :
quote:Originally posted by kilerb: it went up .0003
That's like 50%. What makes you think it's going to go up 1000%???
sorry I misscounted my 00's
I mean .001
btw only two left at the ask on .0009
..edit .001 printed
Posted by BROOKLYN'S FINEST on :
I hope this is the big one
Posted by kilerb on :
Ah, gotcha.... Yep! I hope Rickpic didn't sell all his shares of this yesterday when he was saying he's getting out of pennies. That would not help his morale. I bet he's still in if I had to guess. Maybe this will cheer him up...
Posted by Winkie on :
quote:Originally posted by kilerb: Ah, gotcha.... Yep! I hope Rickpic didn't sell all his shares of this yesterday when he was saying he's getting out of pennies. That would not help his morale. I bet he's still in if I had to guess. Maybe this will cheer him up...
I was thinking the same thing.
Posted by crockett on :
quote:Originally posted by BROOKLYN'S FINEST: I hope this is the big one
I don't think it's "the big one" I think it's the fact if you look at who the new Directors are they add legitimacy to this company.
Mr. Conrad spent 13 years with Exxon Mobile Corporation, mostly as chief financial officer for Esso Europe in London. He also spent 18 years with Aetna Inc., the Hartford, CT.-based insurance firm, as chief investment officer. In 1988, he left Aetna to become CEO and half-owner of the National Hockey League's Hartford Whalers Hockey Club. From 1995 to 2002 he was senior advisor to the president of the World Bank in Washington, D.C. Mr. Conrad is currently a board member of the Chevy Chase Bank in Washington, D.C.
btw looks like the run is over it's back to .0008 I bet it will settle some where around .0007 - .0008
Posted by gohigh on :
Nice move today! I took a lot off the table at .0009, but am still encouraged for this company to do well in the long run. I just wish I'd bought a boat load more at the .0003 & .0004 levels. Oh well... Posted by Thorn on :
Heh. I don't own a boat. Also, I got out at 5...didn't like the looks of things at the time. However, it's just one of many runs on the market; don't kick yourself if you missed profit--save that for when you don't sell and your stock majorly drops! Posted by HossTrader on :
Ok, everyone on here owes me a christmas card or something. I knew as soon as I bailed it was the one way to guarantee it would go up!!! Congratulations to everyone that held on!!
Posted by gohigh on :
Merry Christmas Hoss! You bailed and I believe the founder of this thread did as well. It never fails, I'm tellin' ya.
Posted by BROOKLYN'S FINEST on :
But i don't see anything happening. What are you guyz talking about??
Posted by crockett on :
quote:Originally posted by BROOKLYN'S FINEST: But i don't see anything happening. What are you guyz talking about??
your a little late to the party..
Posted by gohigh on :
Brooklyn, we've been sitting on this stock at .0003 and .0004, and .0005 forever. Today it hit .0009 & .001! That's a triple, or at least a double for some of us.
Posted by HossTrader on :
When I bailed on this I took a $770 loss. Had I sold today at 0008 it would have been over a $4K gain. Gotta love it Posted by BROOKLYN'S FINEST on :
I bought this stock at .0004 late?
Posted by kilerb on :
I'd hate to see the questions that Brooklyn's Worst would ask. Posted by BROOKLYN'S FINEST on :
Hey there no need to hate me. I'm new at this buddy.
Posted by crockett on :
quote:Originally posted by BROOKLYN'S FINEST: I bought this stock at .0004 late?
no it's not too late at .0004 but you missed your big chance to sell it today at .0009 or even .001
That's what I ment by late. If you bought it at .0004 I dunno why you didn't sell it today at .0008 or .0009 even late in the day today.
Posted by imakmony2005 on :
YA I WAS FLIPPING IT SO I MISSED OUT, FLIPED 5 TIMES 4 TO 5 SO IM EVEN BUT IF IT KEEPS GOING UP I WAS WRONG.
Posted by kilerb on :
I'm just joking around Brook... Sorry Posted by Thorn on :
Yeah, GoHigh, I think that's how it goes all too often for me.
HossTrader, I get some credit for it going up as well! I saw ARCA and thought it was the company selling shares, so I bailed...took me three days (it was really slow last week). Been hurt too many times by otc stocks. I'm going to start trading non-otc and be happy with small percentages, I tell you!
I guess I won't be sending you a card Hoss...maybe we can exchange loser cards, though my profits would not have matched yours.
I even jumped back in at 8 in hopes to get a bounce...but it didn't. Earlier, I was too afraid to buy in during the run (buying in the run never pans out--would have ended up buying at the HOD and it would have turned around sooner, I tell ya! Be glad I didn't. hehe ).
Posted by ShortTermMemory on :
.0008 is the magic number today, doesn't want to go above it or below...
Posted by BROOKLYN'S FINEST on :
Don't worry about it kilerb. And thanx for breaking it down guyz
Posted by gohigh on :
Welcome to the club, Brooklyn. Now the question is, does SVXP go over .001 today or does it drop back to the .0006 area again. It seems to have pretty good staying power right in the middle here. I'm glad I still have a few shares left in case it takes off again! Posted by BROOKLYN'S FINEST on :
Thanx for the welcome gohigh. All we can do is hope.
Posted by ridethewave on :
I noticed that from yesterday afternoon both the volume and the board really slowed down (especially after that tremendous volume two days ago). What's happening?
Posted by BROOKLYN'S FINEST on :
I wish i knew
Posted by ridethewave on :
The day the volume spiked after the news on new directors, there was absolutely no fill. I had an order at ask price and the MM's didn't even fill the order and the ask price went up two ticks. I think MM's know something and they intentionally dropped the pps to slow down the heavy buying buying. I think it will start to move up later today and rest of next week. all IMO
Posted by ShortTermMemory on :
Some large buys just went by
Posted by stockster5 on :
Well, haven't seen Rickpic in some time. Wonder what stuff's being brought up lately ... from below and in the board room. There was 15 form 3 & 4 filings in the past 30 days. All were insider (officers). While this is usually a good sign of company confidence by it's owner/executives.... but in the sub penny world, more than ever, this loading up precedes an devastating (for common shareholders) R/S and name change as well as sector change. I'm not spewing this out of my butt... all you have to do is start looking at company history profiles, otcbb.com makes this pretty easy, and the examples are out there.
Posted by imakmony2005 on :
rick is gone, stoped tradeing read his post, it has its own thread.in under .10
Posted by stockster5 on :
thanks, read ric's post.
Posted by Nile on :
ric will be missed!
Posted by ShortTermMemory on :
I really like this stock, the new CEO is a well traveled guy and the other insiders are buying the stock, I like what I see...
Posted by ShortTermMemory on :
Breakout .001 is coming down!
Posted by kilerb on :
So, why is this up today?
Posted by gohigh on :
No new news that I know of. It's looking pretty strong at .0011. I wonder how high it will go.
Posted by kilerb on :
Yeah, up 57% on no news. Maybe someone knows something out there. Either that or it'll go back down soon. Guess we'll see. I'm hoping for the "something!"
Posted by kilerb on :
Popped up to .0015 for a sec.. Looks like it was a mistake.
Posted by Winkie on :
Still at .0015 damn I just took some profits like a hour ago...figures
Posted by kilerb on :
the bid/ask never left .0010/.0011 and still has not. That .0015 is a mistake. It'll clear up on the next buy or sell. Believe me, you wouldn't have been able to sell at .0015.
Posted by Winkie on :
Ahh ok that makes me feel a lil better heh. Thanks
Posted by kilerb on :
However we REALLY did just hit .0011/.0012
Posted by gohigh on :
Must be a fat finger at .0015. Still 9 L2's from .0012 to .0014. This baby could be going to .002 soon. I'll bet we're all wishing we'd bought more at .0003 and .0004 when Rick started this thread! Posted by ShortTermMemory on :
Looking great today!
Posted by gohigh on :
This chart is really starting to look nice. A lot of people picked this one as a loser stock. I think sometimes, you just need a little patience in this game. If a company has lots of potential, such as this one, you've got to hold on a little while. It's the one's that don't have any potential that you want to make the quick buck on (or get out of quick when they drop).
Posted by HossTrader on :
I have 2 things to say....
1. You guys suck
2. Congratulations on holding!!
Posted by WarpedMind on :
I agree Hoss.
Darn. I shoulda stuck with this one. Woulda coulda shoulda.
Money's all tied up now.
Posted by stockster5 on :
I'm still in, but wish I had bought more at .0003, so I could unload 50%, then buy more on the dip. As long as there is movement and volume a few bucks can be made..... My problem is a non margin account, with only a 20% spread allowed on the limit sell. will see. S5
Posted by trade04 on :
I think something VERY big will be happening VERY soon, theres this other company in south florida that discovered a ton of treasure and i forget the name but the stock went up BIG TIME. This is a nice opportunity. Not investing enough to make me bankrupt but enough to make me rich if this really happens gl!
Posted by trade04 on :
rocket ship
Posted by HossTrader on :
It is kind of scary. This one has perplexed me. I still stand by the reasons I bailed on it, but I sure wish I had held!
Posted by stnkng1 on :
its moving but how much will she move
Posted by Winkie on :
I can't wait to see what this will do with news. Wish I would have got more at .0004 but can't complain.
Posted by trade04 on :
With the speculation this thing has...i dont see a problem buying a few shares and watching to see what It could do, call the company their phone Number is accesible through PR's I think this is a golden opportunity. a lot of companies like this really make it rich...
Posted by ShortTermMemory on :
.0015 Should fall this afternoon, this has some good momo and RSI is starting to come around.
Posted by kilerb on :
I'm curious what's going on here. Nothing new and it's gone up two days in a row. Someone out there knows something. Could be a big PR coming possibly. Who knows?!?
Posted by trade04 on :
kiler I believe its under massive accumulation by insiders/ retail investors.
Posted by ShortTermMemory on :
Some big buys just printed, .0015 might fall
Posted by gohigh on :
Here comes .0016! How high will it go???
Posted by ShortTermMemory on :
Something big must be coming .0015/.0016 3X3
Posted by kilerb on :
.0016/.0017
Posted by Thorn on :
"Goodbye Mr. Spalding!"
Posted by ShortTermMemory on :
Trying to print .0018
Posted by kilerb on :
Damn I wonder what's going on here. .0018 now!
Posted by gohigh on :
.0020 here we come! Wish I'd bought a whole lot more.
Posted by JoeMillion on :
WOW!!!!!!!!!!! Great!!!!!!!!!!!
Joe
Posted by gohigh on :
We're up six-fold from .0003 just a few weeks ago!
Posted by kilerb on :
and nobody knows why... No news, no rumors... What's the dealio!?!
Posted by kilerb on :
.0003? This thing has been at .0005 for a very long time. Did I miss a dip to .0003?
Posted by Winkie on :
quote:Originally posted by kilerb: and nobody knows why... No news, no rumors... What's the dealio!?!
rumor is there will be a big pr next week. 200mil of ship wreck if I rember correctly
Posted by kilerb on :
Wow, nice! Thanks for the 411...
Posted by gohigh on :
Yeah, it was trading at the .0003/.0004 range for quite awhile. It even dipped into .0002 briefly, but I never got any at that price. Looks like she's backing off a little bit now.
Posted by kilerb on :
yeah, hopefully it'll have an end of day run... Get us to the HOD.
Posted by JoeMillion on :
I am in. I like what i am seeing.
glta
Joe
Posted by gohigh on :
Ok, I am totally out. Made a little bit more today! Now this thing will probably really go to the moon. Good luck to those who are still in and I hope it breaks .0020 for you.
Posted by Another_Newbie on :
I got in at .0002 several life-times ago. I'm clueless as to when I should cash in. At that low pps, there's not much to lose... just everything to gain.
Posted by crockett on :
quote:Originally posted by Another_Newbie: I got in at .0002 several life-times ago. I'm clueless as to when I should cash in. At that low pps, there's not much to lose... just everything to gain.
If you haven't cashed in by now.. what are you waiting on..lol
Posted by Another_Newbie on :
lol, i don't know. It's fun to watch the money grow. If it drops to nothing again... then, o-well.
Posted by ShortTermMemory on :
Take Off .002/.0021
Posted by stnkng1 on :
this is flying
Posted by ShortTermMemory on :
Wall at .003 is forming
Posted by HossTrader on :
This is truly insane!! Dayum
Posted by JoeMillion on :
wow!!!!!!!!!!! .0023 printed
Posted by JL on :
picked some up .0019
Give me .0027 or give me death (not really) Posted by JoeMillion on :
Look at the buys!!!!!!
glta
Joe
Posted by JoeMillion on :
ask .0024
Posted by ShortTermMemory on :
Isn't the Friday before a holiday supposed to be slow...
Posted by tech1 on :
I tried to get the ball rolling with that first 25000 at 24. I've been in this for a while.
Posted by JoeMillion on :
thanks tech
Joe
Posted by JoeMillion on :
ask .0025
Joe
Posted by bugcatcher on :
i have a feeling i should have sold at 0025. I dont know if we will break that wall today.
Posted by stnkng1 on :
i got out at .0025 in with 450,000 shares * .0018 and out at .0025 ill take it. and right into csjj and gzfx she goes GLTA
Posted by JoeMillion on :
This is a monster. imho
do your dd before buying!!
Joe
Posted by JoeMillion on :
looking good!!
glta
Joe
Posted by imakmony2005 on :
nice and selling.
Posted by crockett on :
holy crap if I can say that.. what happened? Man I so wish I would have bought more of this again.
Posted by kilerb on :
Me toooooooo... hindsight is 20/20!
Posted by HossTrader on :
LMAO Tell me about it. I would be up about $22K at this point!
Posted by HossTrader on :
Luckily I was one of the "smart" ones that sold at 0004
Oooph! Posted by kilerb on :
damn hoss, you must've had 10 million shares huh? Wow... You got that many Crockett? I sure wish i did.
Posted by HossTrader on :
I used to have 20 million. Oh it hurts!
Posted by kilerb on :
If it gets to a dime or something crazy like that happens... Make sure there are no fire arms in your immediate vicinity!!! I think everyone that plays pennies has done some moves they regret. I know I have!
Posted by JoeMillion on :
.0025 printed.
Joe
Posted by kilerb on :
That's the wall... Every time we hit .0025 it goes right back in reverse.
Posted by JoeMillion on :
HossTrader,
When did you sell?
Joe
Posted by bugcatcher on :
if it gets down to 0021 again i will probably buy more
Posted by kilerb on :
Man I hope this explodes on Monday. This is huge volume for the last trading day of the year. Monday could be big. Any opinions?
Posted by BijanH on :
Does anyone here have etrade? Whenever i put my price in the limit section such as .0025 (SVXP) it tells me to click a decimal converter link on the bottom of the page. Anyone know where this is, or how do get around it?
Posted by kilerb on :
I have E*Trade and I buy pennies like this all the time. It's never told me that. I'd call em.
Posted by pizzalover on :
monday is NEW YEAR'S market and bank holiday
Posted by kilerb on :
Ahhhh... Tuesday then!
Posted by JoeMillion on :
close hod. imho
Joe
Posted by tech1 on :
Showed up on Market Gainer Briefs today.
"Soverein Exploration Associates International Incorporated (OTCBB:SVXP), is a marine recovery and exploration company that specializes in handling the financing, exploration, and recovery of shipwrecks with cargo of historic, archeological, and intrinsic value. Share price of Soverein Exploration Associates International experienced a 50% increase in value from the previous close $0.0016. This company with a market cap of 5.49 million currently has a share price of $0.0024. With over 211million shares trading today is headed to finish off the week with an impressive close. While starting the week off at $0.010, share price slowly climbed up to reach the price of this morning. There has been no headlines released today, however, the company did release media on December 22, 2005 pertaining to the resignation of two board members, and their replacements."
Posted by kilerb on :
Hahah, someone accidentally put .0225 instead of .00225. BIG MONEY! I wish...
Posted by Thorn on :
Hello Joe! Welcome aboard!
Posted by BROOKLYN'S FINEST on :
did you see that? That was crazy
Posted by gohigh on :
I was just rereading the first 5 pages of this thread. Ah yes, those were the days. Back when you could buy a million shares for 3 or 4 hundred dollars.
Hoss, stop kicking yourself. We all wish we'd bought ten times as much and sold everything today at .0025, but hey, hindsight it 20/20. There will be plenty of other opportunities next year (Tuesday).
Happy New Year everyone! Posted by JoeMillion on :
Hey thorn,
Thanks for the warm welcome. You in here too?
glta
Joe
Posted by HossTrader on :
quote:Originally posted by kilerb: If it gets to a dime or something crazy like that happens... Make sure there are no fire arms in your immediate vicinity!!! I think everyone that plays pennies has done some moves they regret. I know I have!
LOL No regrets! Just frustration! Posted by HossTrader on :
quote:Originally posted by JoeMillion: HossTrader,
When did you sell?
Joe
3-4 weeks ago at least
Posted by ShortTermMemory on :
James Sinclair
James J. Sinclair is a noted professional Marine Archaeologist and Conservator. He began his career with world famous treasure hunter Mel Fisher in Key West, Florida in 1980 on the expedition to locate the lost treasure galleon Nuestra Senora de Atocha. In 1985, the motherlode of treasure from the Atocha was discovered - estimated at being worth over 400 million dollars. Sinclair helped direct the archaeological excavations and was responsible for the cleaning and restoration of this fabulous collection.
During the past 20 years Sinclair has worked worldwide on shipwrecks of many different nationalities - the Caribbean, South Pacific, Indonesia, Australia and Mexico. Most recently he was chief archaeologist on the Atlantic Sands Expedition which located and recovered materials form an historic shipwreck in 16,000 ft. In the year 2000 he was the chief archaeologist on the Titanic 2000 Expedition, sponsored by RMS Titanic, Inc. He has been a guest lecturer and keynote speaker at professional archaeological symposia, universities and private corporations. He has also been featured in the national news including ABC, NBC, MSNBC, CBS, CNN, PBS, UNIVISION, and the National Geographic special on the Atocha Project. Most recently he appeared on the History Channel as an expert on the new show "The Most." Sinclair is also a consultant to NOAA and the Marine Sanctuaries Program and the Florida Keys National Marine Sanctuary.
In 1989 Sinclair was elected to the membership of the prestigious Explorers Club. Sinclair has conducted classes and field schools for students and sport divers worldwide in underwater archaeological techniques. He is currently the archaeologist for seven Spanish galleons lost on the east coast of Florida and on the Margarita 2002 Expedition. http://www.shiprex.org/board.html
Sprouse says that neither the company's independently retained chief marine archaeologist, James Sinclair, who worked on the wreck of the Titanic and other historic sites, nor its independent conservator, Ian Cross, is prepared to say the site of the Fantome itself has been pinpointed. The involvement of both Sinclair and Cross in the project has been approved by the Province of Nova Scotia. The company is dedicated to a careful, responsible excavation, he said, and has a 25-year record of meticulous marine exploration. http://biz.yahoo.com/bw/051206/20051206005608.html?.v=1 Posted by HossTrader on :
I am not beating myself up, more laughing at myself. This was the one I decided to be "smart" with and not ride down LOL
On a serious note though, and I don't mean to be bashing, get to free shares when you can. I don't know what their current o/s is, but they did up their a/s to 250 billion a month or two ago. Apparently they HAVE NOT been diluting, but it is always a threat with that kind of raise in the a/s
Like I said, not bashing, I obviously have called this one wrong so far!! Posted by kilerb on :
Wow that thing just dropped pretty fast. Hopefully there's a reverse wall at .0020 like the one at .0025!
Posted by Thorn on :
Looks like we'll close near the hod.
Joe, I was in at .0003 and swinging a few times. I exited at .0005 lol; so glad I came back (even if late).
RickPic is the one I thank for this one, for his excellent DD which got me interested in it. Too bad he gave up just before it broke. I don't think this is done at all...it has been moving on low volume (relatively) with no news. Next week could be very nice.
Posted by stockster5 on :
well, check out the instant multi-millionaires ...
INSIDER & FORM 144 HOLDERS*
Individual/Entity Most Recent Trans. Shares Owned as of Trans. Date BACA, ROBERT D. Chief Executive Officer Private Purchase 28-Nov-05 4,351,965,909 28-Nov-05 CAVAN, JAMES J Senior Vice President Private Purchase 2-Nov-05 7,242,000
2-Nov-05 CONNER, KEVIN J Director Ownership Statement 20-Oct-05 Not Reported
GROSS, BARRY S. Executive Vice President Purchase 21-Nov-05 4,315,967,274 21-Nov-05 GROSS, BARRY S. Vice President Purchase 3-Nov-05 8,999,991 3-Nov-05 KNOLLENBERG, PETER Beneficial Owner (10% or more) Private Purchase 29-Nov-05 4,336,967,251 29-Nov-05 SPROUSE, CURTIS R. Chief Operating Officer Private Purchase 2-Nov-05 19,706,000
2-Nov-05
Must be nice to buy stock and turn it around for 10s of millions in less than 30 days. I predict these guys will be unloading in january 06.. that's if they didn't purchase all restricted shares... and the company hasn't a limit of percentage of o/s allowed to sell at one time. But that's how the biz goes.
I didn't buy on Rickpic's pumping. I had Cali from before and I'm along for the ride. Unfortunately, Cali's previous name/symbol did r/s's, and those people are at the helm of svxp at this moment. Cali and previous exec's loaded up on shares just before a r/s. They sold before the r/s announcement then realigned the upper echelon for the re-naming. This is a common technique of the sub penny vaporshare corporations. But Happy New Years anyways............ S5
Posted by JoeMillion on :
Ps. Also look at rshn, another subpenny that gonna explode. imho
Posted by Thorn on :
Hope you are right Joe. And don't mind Stockster, everyone needs a resident basher. It's always good to be reminded that we are dealing with the otc marketplace.
Posted by kilerb on :
Yep, anything can happen. I'm in and hope it goes up. I've seen stocks go up and there's always bashers. I've seen stocks plummet after someone says "Chart looks to explode." If anyone really "knew," they'd be way to well off to be posting on Allstocks. We just have to collect all the info we can and base our decisions off of that. Our just close our eyes and guess. We might be better off that way sometimes it seems! Posted by stockster5 on :
Thanks Thorn, nice to know I'm loved. Well, basher or not, I'm invested in this boat... sink or sail. I have a small cache in it, so not much to lose. I'm actually trying to get more cash and buy, because I want to do my normal technique of buying enough so I can sell a percentage to cover my investment, maybe buy on dips, but always keep some in the game for that... what's the saying 'Homerun' We will see.
Happy New Year GLTA S5
Posted by ShortTermMemory on :
Check this out confirms the find and evidently U.S. gov't is not to happy about it.
Another "S" stock that is about to make a monster move. Please DD this stock and read all of the filings and last five news stories.
Especially the one about shareholder value.
Posted by Got a Penny on :
Correction of my prior post
Another "S" stock that is about to make a monster move. Please DD this stock and read all of the filings and last five news stories.
Especially the one about shareholder value. SSVG is the stock sorry on the original post.
Posted by Dustoff101 on :
quote:Originally posted by Got a Penny: Correction of my prior post
Another "S" stock that is about to make a monster move. Please DD this stock and read all of the filings and last five news stories.
Especially the one about shareholder value. SSVG is the stock sorry on the original post.
------------------------------------------------ Thats it! We know what you are, Scat!!
Posted by imakmony2005 on :
GOT HIM!!!!!!!! PUMP-IT.
Posted by HossTrader on :
quote:Originally posted by Got a Penny: Correction of my prior post
Another "S" stock that is about to make a monster move. Please DD this stock and read all of the filings and last five news stories.
Especially the one about shareholder value. SSVG is the stock sorry on the original post.
Actually, you are too late. I was hoping to move on to the "T" stocks this coming week.
Posted by stockster5 on :
Ah, but each time we quote it, it only helps his cause.....
Posted by stockster5 on :
Wow, couple of things in that link from ShortTermMemory are very interesting... one which is the chance it's not the fantome. The other is the US may not release ownership as well. I appreciate where Halifax filmmaker John Wesley Chisholm is coming from, but I think Mr. Chisholm has another agenda, he may have self interest involved here. Like time and money spent researching and developing his documentary. As a video producer myself, I receive a budget from sponsors and have to show product or else pay them back. This isn't easy as most of the front money is spent on production development. But Mr. Chisholm is pissing me off, because I don't feel he has the treasure or ship at heart. That's just my opinion though.
The small circle of people who see these PR's and forum posts will have to figure this crap out for themselves I guess. S5
Posted by Thorn on :
Regardless of who is coming from where, I think it's pitiful how the goverments take advantage of salvage companies by claiming the loot is theirs. They should be negotiating instead of strong-arming them. If not for these salvage companies they would have ziltch. If it was me, I'd just drop the stuff back down into the waters when the government started whining about it.
It's pretty sad, really. WHERE were they when there was no mention of anything being recovered or found? Why did they wait til the midnight bell to sound the alarm??
Sad, really.
Sure, they say it is grave robbing, and the sites should be preserved... but not recovering the treasures is not going to "preserve" anything. You can't exactly go sight-seeing down there.
Now, give them a percentage in the take and you'll suddenly notice that they are as quiet about it (and supportive) as is/was Spain with the Sea Hunt company. Did you guys notice that? Posted by stnkng1 on :
lots of volume going on here today
Posted by Winkie on :
Sovereign Exploration Associates International announces board to be further strengthened by addition of noted Philadelphia attorney, John Barr Esq. Tuesday January 3, 10:08 am ET
NEWTOWN, Penn.--(BUSINESS WIRE)--Jan. 3, 2006--Sovereign Exploration Associates International, Inc (OTC BB: SVXP - News) is pleased to announce the addition of John J. Barr to its Board of Directors. Mr. Barr further strengthens SVXP's pool of Directors to guide it into further expansion in 2006 and beyond.
ADVERTISEMENT John J. Barr is the managing and founding partner of Palmer & Barr, P.C., a regional law firm located in Willow Grove, Pennsylvania. Palmer & Barr, P.C. is an A.V. rated law firm (highest rated) specializing in civil litigation. Mr. Barr has extensive litigation experience and has been trying cases for over twenty (20) years. He was recently recognized by Philadelphia Magazine as a "Super Lawyer" awarded to less than five percent (5%) of practicing attorneys in the five (5) county Philadelphia region.
"John Barr's extensive corporate experience will provide SVXP with a Board Member who will complement his peers and provide a tremendous understanding of both financial and legal issues," said Robert Baca, CEO of SVXP.
Mr. Barr received his undergraduate degree in Accounting from LaSalle University and his Law Degree from Widener University.
Mr. Barr represents the fifth new member of the SVXP Board of Directors. SVXP intends to add a sixth Board Member over the next few weeks. Once the new Board is set, SVXP will establish a separate Board of Advisors composed of top industry experts. "The Advisory Board will provide SVXP management access to top level science, content development and commoditization resources," said Peter Knollenberg, Chairman of SVXP.
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. (OTCBB:SVXP - News) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXP has filed Form 8-K
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
Sovereign Exploration Associates International, Inc. Curtis R. Sprouse, 781-246-7512 Fax: 781-245-7774 www.sea-int.com
I think we have bottom here at .0014 range.
Posted by bugcatcher on :
Im still holding. I bought in this morning at 0024 and watched her plumet. If they get the HMS "Fantome" then we will be in business
Posted by kilerb on :
Yeah, I had 1.5 million and sold .5 million at .15 to buy more GZFX. GZFX went up, but I didn't think this would bounce back to .0018. I would've held on to all of em, but i thought things were looking pretty bad this morning. Ya never know!
Posted by stockster5 on :
They needed a lawyer just to wrestle the finds away from countries coming out of the woodwork to claim stuff.
Posted by Golf57 on :
News out this morning.
Posted by stockster5 on :
one thing that's been bothering me, is when Sprouse came in around Oct 05, the PR's made it sound like he had years of experience as well. Well as far and deep as I've searched, Mr. Sprouse came from years at a pharmaceutical insurance or planning company. Boston something... Stuff that rings weird like that sticks to me. And again, 250 bil issued is too close to the tide coming in for R/S'ing. I hope not. Myself, I'm not set up with my count in shares to do my 50% thing. I, just for once would like to see a penny company become a dollar company... just once... S5
Posted by HossTrader on :
We don't know what the o/s is. We just know that the a/s is up to 250 billion. It obviously isn't all outstanding or there wouldn't have been any upward movement.
As for the r/s if you read through the documents there WILL BE a r/s this spring. It was part of one of the contracts. It has been a month or so since I read it, but there will be an r/s.
So ride it as long as you can, but take profits when you can.
Posted by HossTrader on :
Here it is from right before the ticker change 10/17/05 8-K filing -- a) The Parties understand and agree that there is a current Amended Reg. E. Offering outstanding for CALI., and upon completion of the current Offering, but in no event later than April 1, 2006, CALI shall reverse split (“RS”) the common shares so that SEAI has 90% ownership of CALI through the common shares or the Class A and Class C Preferred Shares. The Parties understand that the exact amount of Class A and Class C Preferred shares to be issued to SEAI for the 90% control depends on the calculation of the reverse split in this provision Art. 1(a). --
Posted by Another_Newbie on :
What are the pros and cons to a reverse split, to the shareholders?
Posted by Thorn on :
Someone really wants to crash the SVXP party. There have been multiple attempts to push down the price, and yet it is holding. Makes me wonder if the MMs are shorting it (and failing ).
A r/s just gives you less shares of stock for the same value. Most commonly, the r/s is performed to get the price back up from a very low price. Howver, there are other reasons. Since probably the majority of r/s are performed by companies with poor finances (or poor ethics), r/s is something of a bad word. However, a company that has good finances can do a r/s and still go up after the r/s.
Basically, for SVXP, I think it depends highly on what value the stockholders place on the company, as to what will happen when they do a r/s to satisfy the requirements stated in the 8-K. If the company starts reporting income in recovered treasures, I think we'll be fine. If not, I would not be surprised if the pps drops following the r/s.
Posted by DWE on :
Just got in today. Disappointing day for SVXP. Should of waited a little longer to buy like right now!
Posted by stockster5 on :
Here's an example of reverse split that happened to me. Held 400k bought *.0005 or $200. Reverse split and name change of 1000 to 1. I now hold 400 shares. New stock started at .07 dropped to .003 in 3 days. 400 *.07 is 28.00, 400k * .07 would have been $28K if not split. This stock would have to get to 50 cents just to get my $200 back. No chance since the entire history of this sub penny stock has been below .0005 There seems to NEVER be a benefit to the common shareholder with a r/s.
Posted by stickfigurefred on :
Agreed, stockster. IMHO get the hell out if you smell a R/S comin.
Posted by Thorn on :
Sell your shares. I could use more
This news could explain why we've been getting these dips over the last two days. It's pretty typical to have a drop prior to good news.
---------------------------
Recovery Operations on Site Containing Pay Ship Announced
NEWTOWN, PA. - (BUSINESS WIRE) - January 6, 2006 - Sovereign Exploration Associates International, Inc. (OTCBB: SVXP), announces plans to begin operations on site CBNS-3 containing the wreck of a British grand square-rigger pay ship, the H.M.S. Tilbury believed to be one of twenty ships in the British fleet sent to Halifax in 1757 to attack the fortress of Louisburg which was fortified by the French.
Under an official Treasure Trove licensing agreement with the Nova Scotia provincial government, Artifact Recovery & Conservation, Inc. (ARC), a portfolio company of SVXP, anticipates surveying the site this spring and, weather permitting, initiate recovery operations.
While anchored off the coast of Cape Breton in September 1757, the fleet encountered winds of hurricane level. The British ship believed to have been a pay ship and carrying in excess of 500,000 gold and silver coins when it went down at St. Esprit, Nova Scotia. Of the twenty ships, nine arrived in Halifax with masts standing, two sank, and the remainder of the fleet returned to England via Newfoundland.
A major focus of the exploration will be the large cargo of Spanish Pillar Dollars known to be on the pay ship. These coins were the principal coins found and used as currency in the Colonial years of America.
Robert Baca, CEO of SVXP, commented on the historical importance of the wreck site saying, "The H.M.S. Tilbury is another example of SVXP's valuable inventory of shipwrecks. We are very optimistic about the opportunities this shipwreck represents to our recovery operations in 2006."
Further information and operational updates will be posted on the Company's website: www.sea-int.com. Posted by Winkie on :
Awsome news
Posted by lilpennypincher on :
NICE!!!!!!!
Posted by tech1 on :
How 'bout a new thread, Thorn or lil?
Posted by lilpennypincher on :
Lil?
Posted by lilpennypincher on :
This is the resistance and looks like a NICE hit on the ASK
Posted by lilpennypincher on :
Intraday shows the bottom here. Time for me to make some money? LOL
Posted by stockster5 on :
The reverse split is a fact for april 06. So timing to sell before then will be super important. Cali/Svxp told us flat out. You would have to have 10's of millions to survive a r/s just to get your investment. I see no reason holding this until the split. I'm going to hold until May 1st and sell regardless. But Cali said 'BY' april 06. So It can come anytime. Nothing to predict, you don't need any charts to know what's going to happen. The trick is to take the profit (whatever it is). Or at least, flip like crazy if you have the cash. Good luck to all. S5
Posted by DWE on :
So what's it going to be like, a 1000 for 1 reverse split? Anyone know?
Posted by stockster5 on :
)00ps, meant march 1st may be longest hold for me. Seems the 1 for 1000 is the split de jour right now. But I've seen 1 for 25,000. Depends if o/s is 10 bil or 300 bil.
Posted by Golf57 on :
stockster- I have no dought that there will be a reverse split but, could you show me where you saw that.
Posted by iwearpro on :
golf!! where you been buddy!!! following another one of ricks plays i see!lol I havent seen you post in a while.
Posted by Winkie on :
Where did they say there will be a reverse split?
Posted by paperchase101 on :
I have seen no facts to support this R/S speculation. Can someone please post it?
Posted by iwearpro on :
I would chalk that one up as a rumor,here is the search to find name change and symbol changes. (for a test type in FCDH,they are changing monday) http://www.otcbb.com/OtherDailyList/ Posted by Golf57 on :
iwearpro- By the way, I wear those motorcycle glasses I bought from you everytime I ride my new Harley.
Posted by iwearpro on :
hey golf, I wish you would of dropped me a line and told me who you were,thats cool! Which ones did you get?
Posted by lilpennypincher on :
R/S (rumor) I see=peep's tryin' to get cheep shares.
I'm playing and glad I am......LOOKING HOT FOR MONDAY!!!!!
Posted by Winkie on :
quote:Originally posted by lilpennypincher: R/S (rumor) I see=peep's tryin' to get cheep shares.
I'm playing and glad I am......LOOKING HOT FOR MONDAY!!!!!
Indeed, I am new to stocks and all but doesn't it seems kinda dumb for all the insider buying and then do a r/s?
Posted by mr money on :
quote:Originally posted by lilpennypincher: R/S (rumor) I see=peep's tryin' to get cheep shares.
I'm playing and glad I am......LOOKING HOT FOR MONDAY!!!!!
Agreed this stock should move nicely next week... I plan on buying more on Monday..
Posted by texrecruiter on :
Below is from the SEC Doc that states the info about the RS. I can't make heads or tails of it. Does this mean the old company will split or the new company?
EXCHANGE AGREEMENT
THIS EXCHANGE AGREEMENT MADE this 17 th day of October 2005 by and among CALI HOLDINGS, INC., formerly known as TS&B Holdings, Inc. (“CALI”) , a Utah corporation with offices at 7658 Municipal Dr., Orlando, FL 32819 AND SOVEREIGN EXPLORATION ASSOCIATES INTERNATIONAL, INC . (“SEAI”) , a Pennsylvania corporation with offices at 503 Washington Avenue, Suite 2D, Newtown, Pennsylvania, 18940.
WHEREAS, SEAI owns 100% of the capital stock of Artifact Recovery & Conservation, Inc. ("ARC") and Sea Research, Inc. ("SRI") (jointly and severally, the “Subsidiaries”) which are in the marine recovery and exploration business and have certain contracts with and rights from various governments to discover, recover, and salvage wrecks (collectively “Business”) and are desirous of expanding said Business through an investment and exchange with CALI , (the “Exchange”); and
WHEREAS, CALI is a publicly traded investment holding company and interested in an Exchange with SEAI ; and
WHEREAS , the respective representatives of CALI and SEAI have had certain discussions regarding this Exchange for the purpose of exclusively conducting Business which the Parties now wish to reduce to writing in this Agreement.
NOW, THEREFORE IN CONSIDERATION OF THE MUTUAL PROMISES, REPRESENTATIONS, AND COVENANTS CONTAINED HEREIN, AND OTHER GOOD AND VALUABLE CONSIDERATION, THE PARTIES AGREE AS FOLLOWS:
Article 1 . Exchange . At Closing, CALI shall receive One Hundred Percent (100%) percent of the capital stock or units in SEAI in exchange for Ninety Percent (90%) of the capital stock in CALI ; based on the following outline (the “Exchange”). The Parties agree that the matters set forth below are required to effectuate the Exchange:
a) The Parties understand and agree that there is a current Amended Reg. E. Offering outstanding for CALI., and upon completion of the current Offering, but in no event later than April 1, 2006, CALI shall reverse split (“RS”) the common shares so that SEAI has 90% ownership of CALI through the common shares or the Class A and Class C Preferred Shares. The Parties understand that the exact amount of Class A and Class C Preferred shares to be issued to SEAI for the 90% control depends on the calculation of the reverse split in this provision Art. 1(a).
b) It is understood by the Parties that CALI currently has Executive Management contracts in effect for James E. Jenkins and Charles Giannetto (jointly “ Management ”) and a Consulting contract in place for KMA Capital Partners Ltd. ( KMA ). As part of the Closing of this Agreement, said Executive Management contracts and KMA consulting contract will be extinguished pursuant to the termination agreement in Exhibit A. Effective as of the Closing, CALI shall terminate or assign its building and equipment leases of the Orlando office.
CALI Initials______ SEAI Initials _____ SEAI Initials_____
Posted by texrecruiter on :
I don't want RS to happen because I like this company have money invested.
Posted by BuyTex on :
quote:Originally posted by texrecruiter: Below is from the SEC Doc that states the info about the RS. I can't make heads or tails of it. Does this mean the old company will split or the new company?
EXCHANGE AGREEMENT
THIS EXCHANGE AGREEMENT MADE this 17 th day of October 2005 by and among CALI HOLDINGS, INC., formerly known as TS&B Holdings, Inc. (“CALI”) , a Utah corporation with offices at 7658 Municipal Dr., Orlando, FL 32819 AND SOVEREIGN EXPLORATION ASSOCIATES INTERNATIONAL, INC . (“SEAI”) , a Pennsylvania corporation with offices at 503 Washington Avenue, Suite 2D, Newtown, Pennsylvania, 18940.
WHEREAS, SEAI owns 100% of the capital stock of Artifact Recovery & Conservation, Inc. ("ARC") and Sea Research, Inc. ("SRI") (jointly and severally, the “Subsidiaries”) which are in the marine recovery and exploration business and have certain contracts with and rights from various governments to discover, recover, and salvage wrecks (collectively “Business”) and are desirous of expanding said Business through an investment and exchange with CALI , (the “Exchange”); and
WHEREAS, CALI is a publicly traded investment holding company and interested in an Exchange with SEAI ; and
WHEREAS , the respective representatives of CALI and SEAI have had certain discussions regarding this Exchange for the purpose of exclusively conducting Business which the Parties now wish to reduce to writing in this Agreement.
NOW, THEREFORE IN CONSIDERATION OF THE MUTUAL PROMISES, REPRESENTATIONS, AND COVENANTS CONTAINED HEREIN, AND OTHER GOOD AND VALUABLE CONSIDERATION, THE PARTIES AGREE AS FOLLOWS:
Article 1 . Exchange . At Closing, CALI shall receive One Hundred Percent (100%) percent of the capital stock or units in SEAI in exchange for Ninety Percent (90%) of the capital stock in CALI ; based on the following outline (the “Exchange”). The Parties agree that the matters set forth below are required to effectuate the Exchange:
a) The Parties understand and agree that there is a current Amended Reg. E. Offering outstanding for CALI., and upon completion of the current Offering, but in no event later than April 1, 2006, CALI shall reverse split (“RS”) the common shares so that SEAI has 90% ownership of CALI through the common shares or the Class A and Class C Preferred Shares. The Parties understand that the exact amount of Class A and Class C Preferred shares to be issued to SEAI for the 90% control depends on the calculation of the reverse split in this provision Art. 1(a).
b) It is understood by the Parties that CALI currently has Executive Management contracts in effect for James E. Jenkins and Charles Giannetto (jointly “ Management ”) and a Consulting contract in place for KMA Capital Partners Ltd. ( KMA ). As part of the Closing of this Agreement, said Executive Management contracts and KMA consulting contract will be extinguished pursuant to the termination agreement in Exhibit A. Effective as of the Closing, CALI shall terminate or assign its building and equipment leases of the Orlando office.
definitely sounds as though *someone's* shares are going to be r/s'd, and not necessarily waiting till April, as I read it:
quote:. . . but in no event later than April 1, 2006, CALI shall reverse split (“RS”) the common shares so that SEAI has 90% ownership of CALI through the common shares or the Class A and Class C Preferred Shares.
sounds like an r/m to me...hence, would like the link to read it all...since you already have found it...tia
Posted by texrecruiter on :
Look up svxp and go to sec filings. Form 8-k for Cali 10/27/2005 10/17/2005
I hope this helps.
Posted by texrecruiter on :
It's still very unclear to me why the insiders would purchase so much stock before they do a r/s.
Posted by kilerb on :
I don't know all the details, but where do we have proof that insiders are buying a lot of this stock?
Posted by texrecruiter on :
You can look at the SEC filings and see that they have been purchasing stock here and there since October.
Posted by BuyTex on :
quote:Originally posted by Another_Newbie: What are the pros and cons to a reverse split, to the shareholders?
see Thorn's post, first, in case you haven't...
to add to that: *most* r/s dealies, ie, "the norm," is scammy companies who jiggle their a/s, o/s and float like a street-hustler...you've seen those "now-you-see-it, NOW-you-don't games, eh?
True, some do work out: an example of one that's trying is GTE, which started in pennies as GTEL, then r/s'd in order to raise the pps to the point of qualifying for trading on AMEX; another, generic, example is the occasional reverse merger that involves a "real company" taking over an empty shell...those can go, really well.
Typical, scammy, serial r/s issues are RVMN and WTVN...threads are here, on-board
Posted by mr money on :
quote:Originally posted by texrecruiter: You can look at the SEC filings and see that they have been purchasing stock here and there since October.
WoW just checked out their filings tex, and you are right there was alot of insider buying the last few months. Just check all the form 4's that were recently filed and it shows all the different board of directors who have recently aquired shares.
Posted by HossTrader on :
Yep, this one is confusing as hell. Lord knows I haven't played it right yet! LOL
Posted by Thorn on :
"Tilbury had carried treasure, some of which may have been recovered at the time or spread across the ocean floor. During the summers of 1981 to 1986 a French team of divers searched for Tilbury - and found her. They dived on the wreck in 1986 and 1987, finding 44 of the 60 cannon, together with a great deal of musket shot, various artefacts, 23 pieces of the ship's bell, the main anchor, cast-iron ballast, cannon balls, and also - pieces of gold and silver: 16 pieces of gold and 430 of silver." http://freepages.family.rootsweb.com/~cmtilbury/hmstilb.html Posted by Thorn on :
I could just post the link, but internet pages have a way of disappearing, so here's the entire page, following the link if you want to follow it (a cached Google page, no less).
PS: The Le Chameau had been mentioned by SVXP earlier as a target for recovery.
------------------------------------------- Sovereign Marine Explorations, Inc.
Description of Current Projects
The two projects picked for the first offering by Interspace from SME are the ship wrecks LeChameau and HMS Tilbury. These were chosen because of location, prior experience with these wrecks and the ability to recover cargo immediately to maximize the return to the investors. However, due to the nature of wreck sites, there are other ship wrecks within the boundary of these claims and may be worked in association with those listed wrecks within guidelines established by the Nova Scotia Provincial Government.
LeChameau
(Permit # Kelp Cove - T 147 - T148 - T130). Encompasses Baliene to Convict Point which contains the French pay ship LeChameau and several other vessels lost and yet to be identified. Strong indications from our research lead us to believe that one of the other ships lost within this claim area is the Tritons Prize lost 1745.
LeChameau (which means camel) was built in 1716 in Holland from plans designed by Blaise Ollivier a naval architect who just recently finished studying new ship building techniques in England and Holland. Once he returned from his trip, he designed an improved version of the current naval transport, called a flute. At that time, flutes were cargo vessels that were built primarily for transportation of merchandise. Ollivier modified the ship to produce a faster vessel with increased capacity for cargo. When the LeChameau was launched, she was a ship of 600 tons, with a length of 152 feet, width of 34 feet and had a draught of 15 feet. LeChameau transported back and forth from Rochefort, France to Quebec from 1719 to 1725. On the return trips from Quebec, LeChameau would bring back cod fish, oak timbers, wood tar, beaver pelts and some passengers.
In May of 1725, LeChameau received sailing orders bound for the shores of Quebec. Leaving La Rochelle France in July 1725 loaded with 316 passengers including a list of distinguished guests such as the new Governor of New France, who was the son of the Governor of Montreal, the Governor elect of Three Rivers, commanders of the French infantry and artillery of Canada and several high ranking church officials were all aboard LeChameau. In addition to the list of distinguished guests, the cargo included a shipment of coins from the La Rochelle mint with approximately 680,000 livre. This was approximately 80,000 gold coins (Louis d'or pictured left) and over 350,000 silver coins (ECU's) the rest of the shipment was mixed copper coins.
Letters that were recently found and translated from old French reported that a significant loss of land and estates resulted from the passengers’ deaths. These wealthy passengers borrowed heavily against their estates in Europe to raise capital in the form of gold & silver to carry on trade in the new world. Since these French nobles borrowed so heavily for the voyage to the New World, they jeopardized their lands and business holdings in Europe.
There were two major losses with the sinking of LeChameau. First, was the loss of King Louis XV’s shipment of gold and silver for the treasury of New France. Secondly, which probably seems to be the larger loss, was the gold & silver on board belonging to the wealthy nobles and private passengers valued approximately at 100 Million Livre (dollars) in 1725 and in today’s dollars would exceed a value of $100 Million dollars.
The trip to the new world took approximately six weeks and was uneventful until the 25th of August. LeChameau was scheduled to land the new governor when it was caught in a terrible storm from the east southeast. While trying to reach the safety of Louisbourg harbor, the ship struck a rock in the early morning on the 26th. The fully loaded ship shuddered and was ripped apart by the jagged rocks as she was repeatedly dashed against the rocks. The carnage was devastating aboard the ship as the cannons and carriages ripped away from their lashings and tore additional holes in the pride of the French fleet. As tons of water rushed into the lower decks, survivors tried desperately to reach the upper decks and safety but found that every access was blocked with debris. As the main deck separated from the hull, the upper portion of the ship floated towards the northwest with a few desperate survivors still clinging to the deck. Exhausted and frightened the few remaining survivors desperately held fast to the decking not seeing the worst coastline one could imagine, high cliffs, jagged rocks and crashing waves against solid rock. In those rocks, their fates were inexorably sealed. The next morning there were no survivors and the local inhabitants east of Louisbourg discovered the wreckage of a large French vessel. The following day the news reached Louisbourg and they immediately knew it was the wreck of LeChameau because the local inhabitants found the figure head of LeChameau (a camel) strewn on the beach. Their story sadly and tragically ended and 279 years later, ours continues.....
This satellite image is the wreck site of LeChameau and the center white spot is where the ship struck the rocks and started to break up and sank.
Since very little of the original treasure trove has been recovered (a few thousand silver coins and a few hundred gold coins), we will concentrate our efforts on this valuable wreck site. Combining the newer Cesium magnetometers and the 8x pulse induction metal detectors, we feel that treasure can be found in a short time thus offering a greater return on our investment.
H.M.S. Tilbury Claim number T107. This claim encompasses the area around St. Esprit, Tilbury Reef which contains the wreck of H.M.S. Tilbury.
HMS Tilbury was the third Tilbury with that name and was built in Portsmouth England and launched July 20, 1745. She was a fourth rate ship and as such carried 60 guns. In addition, she was the last grand square-rigger of the Old Navy to bear that name; all of the future HMS Tilbury’s were all mechanically driven.
Because the French were taking action against the English in North America and particularly Nova Scotia, in March, 1757 the British government decided to send a fleet of 20 ships including the Tilbury under the command of Vice-admiral Holburne to Halifax where they were to join Lord Howe's army, with the purpose of attacking the fortress of Louisburg which was fortified by the French.
By September 1757 the entire British force was finally assembled but it had learned that Louisburg had been reinforced both by soldiers and ships. Since it was late in the season, it was decided to put off the attack until next year. However, Holburne according to some historians tried to tempt the French fleet under the command of De la Motte to come out of Louisburg and fight but the French commander was mindful of his instructions to protect Louisburg, and did not respond to the British provocation.
"At anchor between St. Esprit and Fourchu on Sunday 23rd at about 3 a.m., the wind rose and grew to a violent east south-easterly storm" this was from the Ship's Log of Captain Holmes, HMS Grafton. Between 8 and 9 hours the wind veered to the south and rose to a hurricane, great waves towering in from the east, which continued until about 11 a.m., when the wind moved round to the north. This probably saved most of the fleet, since they had been driven in towards the hard granite of the shoreline, and but for the veering wind must all have been smashed onto the rocks.
During that night the seamen battled against the storm to prevent the ships being overcome. As pulleys, rope, canvas and masts fell upon them, the decks rolled and plunged, the chill sea washed over them and the wind tore at their bodies, these hardy, determined men continued to try to save their ships through all those long hours of cold, roaring darkness. Many of the fleet jettisoned cannon and anchors to remain afloat, a heavy and dangerous task in itself. During the night the small fourteen-gun brig Ferret (Captain Arthur Upton) sank. Later Grafton struck a rock, before the wind turned, but was lucky and forged off again. Tilbury also struck close in to the coast (a rock or a sandbank) but was not as lucky as Grafton. The ship held fast, the sea and the wind pounded her and she broke. Of the 400 on board 280 were saved with the help of the French from Louisburg, where they were then held prisoner, but well treated; Captain Barnsley perished; his second, Mr. Thane, survived. Of twenty ships, nine of Holburne’s fleet still had their masts standing came into Halifax; the others with jury rigs in place limped back to England via Newfoundland.
H.M.S. Tilbury had carried a treasure of 500,000 coins made mostly of pillar dollars, plus other treasure that was taken as “prize” some of which may have been recovered at the time or spread across the ocean floor. In that time period, English pay ships were valued at the amount of silver they carried not the entire value of the cargo. However, it was common practice that the officers on English ships would be paid in gold not silver and therefore would carry approximately 20% of the value of the silver they carried in gold. At today’s market of $50.00 per coin just for the silver coins, that would place the value of the cargo in excess of $25,000,000.00. During the summers of 1981 to 1986 a French team of divers searched for Tilbury and found her. They dived on the wreck in 1986 and 1987, finding 44 of the 60 cannon, together with a great deal of musket shot, various artifacts, 23 pieces of the ship's bell, the main anchor, cast-iron ballast, cannon balls, and also 16 pieces of gold and 430 of silver leaving most of the treasure still intact. (Source from the History of Nova Scotia, Book # 1 Acadia, part 7, the Siege of Louisburg)
Spanish Pillar Dollar
An important aspect of this treasure site is the valuable cargo of Spanish Pillar Dollars that it was carrying. No coin in history has ever endured a more fabled and cherished life then the Spanish Pillar Dollar. This Pillar Dollar was valued at 8 reales and all the other fractional denominations of currency were based on this 8 reale coin. The other fractional denominations of the 8 reale were ¼, ½, 1, 2 and 4 reales. These coins were the principal coins found and used as currency in the Colonial years of America.
These coins were beautifully designed and loaded with full detail and expression. In Mexico, before 1732 all coinage were struck by hand. With the advent of the screw press a new coin could be produced with beautiful results and thus the first Pillar Dollar coins were minted with the new screw press technology. These Pillar Dollars were perfectly round, with a milled edge so that it could not be clipped or plugged and received a new design. The obverse portrays two crowned hemispheres between the two crowned Pillars of Hercules. This rests upon a wavy semicircular surface symbolic of the ocean between Europe and the New World. The coat of arms on the reverse is almost a replica of that used by the Mexico City Mint during the reign of Charles (the arms of the kingdoms of Castile, Leon and Granada) with the addition of the Bourbon escutcheon.
The decree of King Philip V to produce Pillar Dollars created the basis for a world monetary system. An interesting yet unsubstantiated rumor persisted that King Philip V had ordered all the Pillar Dollar coins of 1732 and 1733 to be melted down and destroyed. This was due to a high church official accusing Philip V of ordering the Spanish fleet to wait for the entire shipment of Pillar Dollars from the Mexico mint. This one order to wait caused a delay in the fleet’s departure from Havana. This delay resulted in the entire fleet being struck by a hurricane with many lives and ships being lost from this armada. King Philip’s conscience was severely damaged and felt obligated to eliminate any reference to his decision on delaying the fleet. By King Philip destroying the Pillar Dollars with the dates 1732 & 1733 any coins currently found with these dates would be considered very valuable.
Some coins have been found with these dates and they have been very well received at auctions. As per the prices in the year 2000.
Date Very Good Condition Fine Condition Very Fine Condition Extra Fine Condition
Sovereign Marine Explorations Inc. 110 South State Street, Suite200 Newtown, PA. 18940 Phone 215-630-2108 Fax: 215-860-3501
Posted by lilpennypincher on :
Bravo on the DD. Thorn!
Posted by lilpennypincher on :
looking hot for a good run up today.
Posted by lilpennypincher on :
L2 ASK just jumped to .0018
Posted by Thorn on :
My L2 doesn't seem to be working yet.... > : (
Posted by lilpennypincher on :
getting attention now
Posted by Thorn on :
What good is L2 without the ability to submit an order!! Grrrr! I hate using the phone.
Posted by HossTrader on :
Ok gang. Be VERY wary of this stock now!!
I am not bashing, I just bought back in. LOL That seems to be almost as dangerous as an r/s Posted by texrecruiter on :
Has anyone heard of the documentary that they are going to announce about the Tilbury? I read it on another board. Just wanted to know if anyone else had heard this.
Posted by Thorn on :
Are you talking about this page? CBNS-3 has not yet been posted. Maybe later this week.
Posted by texrecruiter on :
No, on another bulletin board. Here it is... If this is true then it is fantastic news.
Monday, January 9, 2006 www . hfxnews . com/index.cfm?sid=3454&sc=2
Crew seeks $30m in sunken treasure
Cape Breton shipwreck thought to hold gold coins
By Jennifer Taplin The Daily News
HALIFAX - A dive team and a documentary film crew will scour the depths looking for the remains of HMS Tilbury this summer.
The ship went down in a hurricane in September 1757 off the coast of St. Esprit, Richmond Co. It was on its way to help the British attack the French fortress of Louisburg.
There were 500,000 Spanish pillar coins onboard that are worth about $58 each today.
James Cavan is a vice-president with Sovereign Exploration Associates International Inc., the American-based company that recently got the licence for the Tilbury site. They hold other shipwreck licences around Nova Scotia, including HMS Fantome.
He said if they were able to recover all the coins, the haul from the Tilbury would be worth almost $30 million.
"It was like they were going to the moon," said Cavan. "They left and they didn't know what they were going to encounter. So they carried significant coinage and equipment for surviving whatever they encountered. It wasn't like they could wire funds back."
But the coins on board aren't the only treasure. The company is joining forces with an American documentary filmmaker to record the history of the ship.
Cavan said they will announce the details of the relationship this week, but mentioned the filmmaker was nominated for a couple of Emmy awards and an Academy award.
A French team found the wreck in the late 1980s. They dug up cannon, musket shot, pieces of the ships bell, the anchor and 16 gold pieces and 430 pieces of silver.
As with many ship wrecks, the Tilbury has its own tragic story to tell. A warship with 60 cannon and 400 souls on board, the Tilbury was tied up waiting with the fleet for the coming attack on Louisburg.
On the night of Sept. 24, 1757, the Tilbury was pounded by wind and the sea, stirred up by a hurricane. Eventually, she broke and sank.
But help came from an unlikely source.
"Interestingly enough, people were saved off it by help from the French in Louisburg," said Cavan.
"Even in modern times, if there are warships battling, once one sinks - with the very rare exception of great war atrocities - the other one starts saving the downed sailors."
The French rescued 280 sailors and then imprisoned them. Of the 20 ships in the British fleet that night, only nine kept their masts.
A small ship, the Ferret, also sank. The other survivors were towed back to England.
TILBURY FACTS
- July 20, 1745 - The Tilbury, classed fourth rate, is launched from Portsmouth, England.
- August 1746: A large French convoy of merchant ships set sail for the West Indies, and a British fleet, including Tilbury, leaves Plymouth to intercept them.
- Oct.14 1746: Before nightfall, six of the French ships have surrendered.
- October 1748: Tilbury is involved in the Battle of Havana.
- 1749: Arrives at Halifax.
- March 1757: Due to actions of the French against British settlements in North America, and particularly Nova Scotia, the British government decides to send a fleet to Halifax to join the army, with the purpose of attacking Louisburg.
- May 1757: Fifteen warships sail into Halifax Harbour, including Tilbury. Another five joined them shortly afterwards.
- September 1757: The attack on Louisburg is put off and the fleet anchors in wait. The Tilbury and the Ferret sink during a hurricane.
1. Funds for the Academy of Sciences in Montreal: 61,000. livres 2. Funds for the General Hospital at Quebec: 102,000 livres 3. Funds for the General Hospital at Montreal: 200,000 livres 4. Funds for the Seminary at Quebec & Trois Rivieres: 60,000+ livres 5. Funds for the Quebec Government (loan from the Compagnie des Indes): 547,000 livres 6. Payroll specie for troops at Quebec: 82,010. livres 7. Funds for the Fortress at Louisbourg: 50,000 livres 8. Funds for the fortresses at Michigan & Quebec: [?] 9. Funds for Paris pensions for St. Louis holders: 48,000 livres 10. Funds for the Quebec government: 289,696 livres
At a minimum, the documented financial losses involving specie shipments on the Chameau amount to a total of 1,439,706 livres, or approximately 1.5 million livres. Add to this the possible personal possessions of the wealthy passengers, and the as-yet undetermined sum of Church funds and other government allocations onboard the ship, and the grand total of actual specie shipments could well exceed 2 million livres.
------------------
And on top of that, there's the specuation about Washington DC artifacts at site CBNS-2 Posted by stockster5 on :
Texrecruiter, are rickpick by another name. To golf57... here is the link about R/S Cali/Svxp --> link: http://www.otcbb.com/asp/info_center.asp? symbol=SVXP click 'filings' 8-k dated 10/27/05 Sub Document 2 page 1: Exchange ...
I also saw this just now posted on page 32 of this thread. Must have posted after your request. Whats really isn't clear is what shares are being reversed.......
Posted by texrecruiter on :
I wasn't excited about the amount. I was excited about them making a film of an SVXP whipwreck. That should get the name out.
Posted by texrecruiter on :
No, I'm not Rickpick.
Posted by stockster5 on :
And people, you have to remember Original Owners Rights of countries... Salvagers are getting pounded by these rights. Seahunt, before merging with svxp had it's permits canceled on other salvage operations as well, I believe. S5
Posted by texrecruiter on :
And that should be shipwreck, not whipwreck. LOL
Posted by stockster5 on :
Wow, quick reply
Posted by texrecruiter on :
True, Sea hunt was pounded by Spain I believe.
Posted by stockster5 on :
Yea, well we are getting whiplash and seasick from this stock so far anyways.....
Posted by texrecruiter on :
LOL It's the rush you get when it is risky.
That's what brings us all back.
Posted by stockster5 on :
Correct, but what was and is deceiving is the pr's never mention plainly about Original rights action. Svxp has, but in a "it doesn't mean anything to us" sort of way.
Posted by texrecruiter on :
No, no, I'm right with you. But this just comes down to going with your gut feeling. Not always the best way to trade in the market. You know as well as I do that most pennies are a crapshoot anyway.
Posted by Thorn on :
Um, they have an arrangement with Spain. Are you trying to get cheap shares? Surly you've already read about that, Stockster5.
Posted by stockster5 on :
Unfortunitly, more and more pennies are getting ruthless. That's why I play a bunch of them, don't fall in love with any, and take small profits when they present themselves. It adds up at the end of the week. A huge bummer for me is my place of employment has cracked down on computer use BIG time. I'm not even allowed to visit non company websites on my lunch hour. Guess I have to figure out wireless on my laptop and sit in the parking lot or go to the library for my daytime info fix. S5
Posted by stockster5 on :
Thorn, no, I'm not. I have read recently that SeaHunt/svxp whatever... has not finalized any agreement as US and Spain are now involved. I will try to find a link for that.
Posted by stockster5 on :
And the link definatly will not be from Svxp websites.
Posted by texrecruiter on :
Crapshoot or not, I like Sovereign. Sprouse and Cavan are always quick to answer any questions I have. And with bringing a Civil attorney on the board along with Sea Hunt and Knollenberg, I think they are headed in the right direction.
Posted by stockster5 on :
Well, here's the quick history on your pal's (<- not trying to be snitty, it just sounds like your drinking buddies with them.) Sprouse and Cavan.
I hope they have time for svxp after hours from their full time jobs. I have a hard time with some older pr saying they bring years of recovery experience with them. It could of read some other type of experience... don't remember right now.
Posted by runningscared on :
Not exactly Mel Fishers are they
Posted by texrecruiter on :
I've never met the two. I just know what I like. How does one get so jaded? If you don't like the stock don't buy it.
Posted by runningscared on :
Myself I like the stock alot. It's a shame that just before they go looking for the goodies, in April I think, there's going to be a r/s forcing me to have to get out before that happens. It would have been nice to stick around and possibly share the wealth.
Posted by stockster5 on :
It's not that I don't like the stock. It's sub-penny, there's a reason it's sub penny. Usually a start-up company with no money using stock issues as venue hoping for better things, or a company of thieves, using stock issues to line their pockets with no intent of having a product or services and/or something in the middle - a company that seems to have a viable product but for valid or questionable reasons never make it.
It's up to us as investors to do the DD and separate the good from the bad as best as we can given the data that's out there. That's why they call penny stock speculating.
Again, (imoo) you make much more money (this is shown historically in data) in the long run by playing the ups and down without getting emotional with the stock you trade. To protect my investments, I keep 1 or 2 long holds (emotional) and over 10 active shares short term. AND this is my penny portfolio only. Basically, a 10% risk factor. I can live very comfortably with this arrangement since my shorts covers my longs every time.
Just my angle, not intended as advise for trading. S5 PS: I expect a 1 to 1k reverse split with a name change anytime as well.
Posted by tech1 on :
stockster, even with all the insider buying? The R/S part, I mean.
Posted by stockster5 on :
Well, one thing thats apparent is the relative ease in becoming an coo or pres etc etc, in a penny company, along with your buddies. Thats why we have to do the history searches of these company's, as well as the officers backgrounds. Oh yes, Tech1, Enron ring a bell? Just bigger fish. Here, try this link: http://www.geocities.com/p2saup33/index.html
pretty informative. At this time, I think you can insert pccn with that link info too.
Posted by Thorn on :
So, have you tried contacting them and asking them about how it works running both SVXP and BMSI?
Since BMSI is a consulting firm, I wonder if it even does much in a year. I believe BMSI has been around for a while, but it could still be just a side-job these guys started up while doing other things. After all, consulting is very flexible in how involved you want to get into it (unless it is your only source of income), and can be hard to get going if in a very competitive field (which healthcare is).
Worth looking into though. Nice find, Stockster5.
Posted by stockster5 on :
Insider buying, of course. You (ceo of co.) buy 10's of millions in stock. If it's preferred, it's most likely restricted and won't be split. You may even issue yourself a special type of restricted type of common shares where you can trade after a short holding period. Just in time to sell when the stock rebounds a little after the split pay date. Done all the time, more complex verbiage then I can come up with right now, but I think you get the drift.
Posted by Thorn on :
Hey, BMSI sounds pretty good. They've been around and are doing things with some big names to promote cooperative drug research. BMSI just lends more credibilty to SVXP. Do a Google on "Boston Market Strategies".
quote:Boston Market Strategies, Inc. (BMSI) is a consulting firm with more than 10 years experience in the Healthcare and Life Sciences markets. BMSI brings a unique combination of market experience and intelligence to support all phases of the clinical trial process. Extensive market research, subject matter experts and consultants support BMSI's senior staff. BMSI assists its clients in evaluating, selecting, and managing first-class partners. BMSI currently has a relationship with fifteen technology vendors. BMSI is a privately held company located in the greater Boston area. Visit the BMSI web site at http://www.bmsi3.com .
[ January 09, 2006, 17:50: Message edited by: Thorn ]
Posted by Thorn on :
Stockster5, those insider buys don't list anything about "preferred" shares, but state that they were "Common stock". It's good to consider such things, but in this case I think you are reaching. Please try to do a more thorough analysis before posting. Partial information leads to false rumors and takes up time to verify.
Don't get me wrong, the DD is nice. Just follow through.
Posted by stockster5 on :
Thorn, thank you I will.
That's just it... what the hell does bmsi have to do with salvage? They don't, as far as I'm concerned. It's a couple of junior executives, working part time for svxp, getting in on the penny stock issue train and making money. America, you gotta love it.
Actually, I was not referencing anyone in my example, but since you mentioned svxp, here you go. look these up on your finance web page of choice, select company filings, then check the dates. You'll notice that form 3's almost always include other types of stocks, bought or sold. It really makes no difference in the bottom line if they're purchased as Indirect or direct by the officers. The officers ARE the company, thus those shares or the money will be theirs at some point.
form 3 baca .......... 11/09/05 preferred + common
form 3 gross .......... 11/14/05 preferred + common
form 3 cavan ......... 11/15/05 preferred + common
form 3 sprouse ...... 11/16/05 preferred + common
form 3 knollenberg ..12/01/05 preferred + common
S5
Posted by stockster5 on :
As Carl Sagan would say ... Billions and Billions ...........
Posted by Thorn on :
I guess you'd rather have guys who know nothing about running a business. I'd rather have guys who know how to run a business than treasure divers who don't. Remember that these guys are running the financial end that supports the portfolio companies, and the portfolio companies do the actual work.
I did look at the form 4's and not the 3's, so I stand corrected there. However, why ever would you post something like that in this thread if you DIDN'T mean it about SVXP???
Also, please explain why these insiders acquired shares for free as per form 3, and then bothered to buy more shares with their own money, as shown on form 4. The conspiracy deepens....
[ January 10, 2006, 00:47: Message edited by: Thorn ]
Posted by stockster5 on :
UM, They didn't buy for free... it cost million to buy billion at something like .0001. Svxp HAS no money in past years... Cali has no money in past years... WHERE did sprouse and cavan get the money? A loan against the company, a exchange against their salary for the next 5 years? Are you saying they just issued themselves 10 BILLION shares for free? I would think maybe the bank sub companies they hold. I haven't the accounting experience to figure out the financial mumbo jumbo in the 40 pages of filigs. If you ever discover how they do this AND could post it in english, that would be awesome.
No, I wouldn't want guys who designed my seatcovers working on my car engine,
But don't you think every president should get their ass wet in their own company? I say stick em in fins and shove them overboard and see if they float! good night for now....
Posted by Thorn on :
History of site CBNS-3 (HMS Tilbury) has been released (newsletter). Not on the site yet.
Posted by Nile on :
Hey peoples, got this in an email. Looks like no one posted it so I'm going too....
Winston Churchill called it ìa world war ñ the first in history,î yet history largely has forgotten the epic struggle 250 years ago that determined the future development of North America ñ and the world. As historian Fred Anderson observes, scholars usually call it the Seven Yearsí War (1756-1763); in the U.S., many call it the French and Indian War. Anderson says it more accurately could be called ìThe War That Made America,î which is the title of his new book on the conflict. It not only ended Franceís colonial empire in North America but sowed the seeds of discontent over British rule that led to the American Revolution and creation of the United States a dozen years later. Although the British defeated the French in the war and evicted them from Canada, securing that victory involved many setbacks and was enormously costly. An attempt in 1757 to engage a large French naval fleet anchored in the harbor of Louisburg, a key military fortress on the southeast coast of Cape Breton Island, was disastrously unsuccessful due to a sudden, violent hurricane on September 24. It severely damaged British Vice-Admiral Francis Holburneís squadron of 20 warships, forcing many of them onto the islandís rocky coast, toppling the masts on all but nine of the vessels, and sending several to the bottom. Among the ships lost was the HMS Tilbury, a 1,124-ton, 64-gun warship that was carrying an estimated half-million silver Spanish Pillar Dollars, the legendary ìpieces of eightî that are among the most fabled of historic coins. The Tilburyís treasure would be worth between $25 million to $30 million today ñ and remains largely untouched on the ocean floor.
The Seven Yearsí War Great Britain and France were far from the only combatants in the Seven Yearsí War, nor was North America its only theater of operations. It was in fact a global conflict with battles as far afield as Europe and India. Great Britain was aligned with Prussia and Hanover; France was aligned with Austria, Spain, Russia, Sweden and Saxony. In addition to the battles between the French and English over who would control both North America and India, the other powers fought over which nation, Austria or Prussia, would control Germany, as well as over what role each of the nations would play in a realigned Europe. By the warís end, Britain had the globeís biggest colonial empire and was an unrivalled superpower; Prussiaís Frederick the Great dominated Europe; and Russia had emerged as a power of consequence on the continent. The French in North America had been aligned with Indian tribes in the West (todayís western Pennsylvania and Ohio), which is why the English colonists called the conflict the French and Indian War. The Iroquois tribes of the Northeast, who had long remained neutral, eventually aligned with the British. The warís outcome permanently weakened the Native American tribes who previously had exerted considerable diplomatic and military leverage on the British and French. Ironically, although France lost most of its colonies and navy, it managed to rebound both financially and militarily, enabling it to play a decisive role in the American Revolution. Most significant of all, however, was the impact the war had on the American colonists who had fought so valiantly on Great Britainís behalf. They believed their devotion to the mother country proved that they were equal to any native-born Englishman. The ministries in London thought otherwise. They strove to re-establish tight control over their increasingly feisty American colonies. The result was the growing acrimony that ultimately led to the revolution which gave birth to the nation that supplanted Britain ñ and every other superpower ñ in the 20th century.
The Siege of Louisburg Louisburg, founded in 1713 (as ìLouisbourgî), was one of the busiest ports in North America and a vital military outpost in New France. Large and free of ice, it was a major trade center for the areaís immense cod fishery and a naval base where some 150 ships arrived and departed each year. Among them were many privateers that regularly preyed on English ships with the encouragement of ñ and generous bounties from ñ the French crown. New England colonists actually had captured Louisburg once ñ in 1745 ñ during what was known as the War of the Austrian Succession. In the 1748 Treaty of Aix-la-Chapelle, which ended that war, the French regained control of the port. When the Seven Yearsí War began, Louisburg once again became a key objective of the British. The commander in chief of the English forces, John Campbell, the Fourth Earl of Loudoun, arrived in New York late in July 1756, planning to assemble most of his troops ñ some 12,000 soldiers and 8,000 sailors ñ in Halifax and attack Louisburg. Wealthy, well-connected, and notoriously incompetent, Loudoun took his time in preparing the assault and did not arrive in Halifax until a year later, July 1757, shortly before Holburneís fleet of 45 transports, 15 men-of-war, two sloops and two bomb ships sailed in. Loudoun finally was about to launch a combined land-and-sea assault on Louisburg in August 1757 when he received word that the French had sent a fleet of 22 ships of the line, plus extra troops, to reinforce the fortress there. Outmaneuvered, Loudoun decided to postpone his attack. Holburne, however, instead chose to head to Louisburg on his own to undertake an exploratory reconnoitering expedition ñ hoping to lure the French fleet there to come out and fight. Holburneís 20-ship fleet, which included the HMS Tilbury, had fully assembled at the mouth of Louisburgís harbor by August 20 and was taunting the safely anchored, 24-ship French fleet by sailing back and forth in front of the harborís mouth, flying its flags and firing its guns. The commanding admiral of the French fleet, the wily, 74-year-old sea dog, Emmanuel-Auguste de Cahideuc, Comte Debouis de la Motte, would have none of it. His ships, among the largest fleets ever sent to North America from France, remained snugly in the harbor, protecting the Louisburg fortress. The standoff between the British and French fleets ended abruptly and dramatically in the early morning hours of September 24, 1757 when a massive storm ñ what Holburne later called ìa perfect Hurricaneî ñ swept in from the east/southeast, catching the British fleet at anchor. The high wind and enormous waves were devastating ñ and to the Tilbury, fatal. The HMS Tilburyís Fate The Tilbury of 1757 was the third of at least eight British Navy vessels to bear that name and the last grand square-rigger so christened. (Its successors, all mechanically powered, served in many subsequent conflicts, including World Wars I and II.) Built in Portsmouth and launched in 1745, it had been involved in engagements in the West Indies and Cuba prior to its initial deployment to Halifax in 1749. It returned to British waters in 1751 and six years later once again set sail for Halifax as part of Vice Admiral Holburneís fleet. Under the command of Capt.Henry Barnsley, it evidently was serving a payship for the Holburne squadron that sailed to Louisburg. The September 24, 1757 storm struck around 3 a.m. as the ships were anchored between St-Esprit and Fuchett off the coast of Cape Breton Island. The powerful wind and waves drove the Tilbury and many of the other ships toward the rocky coastline. The sailors fought desperately to keep their ships afloat, dumping cannon and anchors overboard, shifting cargo, and bailing furiously. Many masts were felled by the mighty wind and control of the vessels was precarious. The 68-gun HMS Grafton struck a rock but fortunately was able to get clear of it; the 14-gun brig Ferret took on water and sank; the Tilbury also struck either a rock or sandbank but was unable to free itself. The waves and wind pounded her into submission and she sank, taking Capt. Barnsley and 120 of his 400 men to a watery grave. The surviving 280 men, including Barnsleyís second-in-command, John Thane, were rescued by the French, taken prisoner and treated humanely. As Holburne wrote in his subsequent report to the admiralty, around 11 a.m. the wind ìprovidentially and happilyî shifted from the south to west, enabling the rest of the fleet to avoid being forced onto the rocks and suffering the Tilburyís fate. Holburne ordered his nine ships with their masts intact to head immediately for Halifax to guard against a possible French assault; the severely damaged surviving vessels used improvised, jury-rigged sails to limp their way either to Newfoundland or directly back to England. Surprisingly, Admiral de la Motte did not attempt to pursue Holburneís storm-battered fleet. Instead, the French ships remained anchored in Louisburgís harbor until October 30th, when the fleet set sail for Brest with many of its sailors sick with typhus. A year later, without a fleet to protect it, Louisburg fell to British troops under General James Wolfe, who had replaced the procrastinating Loundon. On September 13, 1759, with the assistance of a British fleet that had sailed from Louisburg, troops under Wolfe would deliver the coup de grace to French Canada on the Plains of Abraham outside of Quebec ñ although the victory would cost both Wolfe and his French counterpart, General Louis-Joseph de Montcalm-Gozon, their lives. It was 10 days shy of the second anniversary of the sinking of the Tilbury.
The Spanish Pillar Dollar ñ and What May Be Found at the Tilbury Site The Tilbury carried a treasure of 500,000 coins, mostly silver Spanish Pillar Dollars, as well as gold coins and possibly silver ingots. Spanish silver coins were renowned for their consistent weight and purity, and no coin was more prized than the Pillar Dollar, which contained 27.47 grams of .9305 fine silver. Minted in abundance, it was the principal coin in circulation not only throughout the North American colonies but as far away as China, where it was accepted eagerly. It remained legal tender in the United States until 1857! The Pillar Dollar was a beautifully designed, perfectly round coin minted in screw presses. Its name derived from the image on its observe of the two hemispheres of the globe, adorned with a crown and flanked by the Pillars of Hercules, the ancient, mythology-based name for the two promontories at the eastern end of the Strait of Gibraltar, gateway to the Mediterranean Sea. This symbol ñ emblematic of Spainís overseas empire ñ gave rise to the dollar sign we use today. To indicate how many Pillar Dollars they had in their vaults, bankers would use the letter ìSî for ìSpanish,î with two vertical lines through it to represent the pillars on the coin. The reverse side of the Pillar Dollar featured the coat of arms of the kingdoms of Castile, Leon and Granada, along with the escutcheon of Spainís royal family, the Bourbons. The Pillar Dollar spawned not only the dollar sign but slang terms that still are in common usage today. Valued at eight reales, the Pillar Dollar set the standard for all other fractional denominations of Spanish coinage ñ the º, ?, 1, 2 and 4 reales. American colonists referred to these smaller coins as ìbitsî of the dollar, or one- two- and four-bit coins; a half real, or half bit, was called a ìpicayune.î Sometimes the Pillar Dollars actually were cut into pieces ñ or ìbitsî ñ to make change. These slices of the eight-real Pillar Dollar were ìpieces of eight.î Not only do the terms ìtwo bits,î ìpieces of eightî and ìpicayuneî all stem from the Spanish Pillar Dollar, but even the New York Stock Exchangeís two-century-old practice of reporting security price variations in eighths (abandoned only in 2001) owed its origin to the coin. When the Exchange opened in 1792, rates were based on New York shillings, which in turn were valued at eight to the Pillar Dollar. Even though America adopted the decimal system for its money, the Stock Exchange continued to report changes in prices in eighths for more than two hundred years. The site of the Tilbury wreck was not confirmed until the summers of 1981 to 1986, when a team of French divers discovered it. From 1986 to 1987, they recovered 44 of the shipís cannon, considerable musket shot, cannon balls, iron ballast, the anchor, pieces of the shipís bell ñ and 446 coins, 16 of them gold and 430 of them silver. Most of the treasure was left intact. Sovereign Exploration Associates International aims to retrieve it.
---------------------------------------------- James Cavan Sr. VP, Business Development and Institutional Relations Sovereign Exploration Associates International, Inc. OTC BB: SVXP (781)246-7512
Posted by stockster5 on :
Gee, Nile, I guess you have just as much right to pump on this forum as anyone else. But that's not what pissed me off... it was that Mr Cavan sent you a personal email of over 5 megs in size and didn't send me anything and I own over 200k of his lousy stock.! Some people get all the breaks. S5
Posted by Thorn on :
Gee, stockster, why don't you go to their website? Then you'd know that you can sign up for the newsletter.
Posted by texrecruiter on :
Stockster, If you had done any research at all on this company you would know that you could be on the list for the newsletter. And 200k of stock???? WOW!
Posted by stockster5 on :
Yea, well, some of us have less cash than others to gamble. Been there, done that. No joy. But it's okay, because I have you guys here for info of all types.
Posted by texrecruiter on :
I apologize about the smart remark of the 200k of stock.
Posted by trade04 on :
I'm back in chart looking great....
Posted by stockster5 on :
no problem Tex. T4 are you talking svxp or motg?
Posted by stockster5 on :
I wanted to buy more sxvp, but since the R/S is brewing any time, I don't want to get stuck again... (many times) with a handful of shares that would need to go to 10 bucks just to get back $200.
I've noticed looking at penny company profiles, that once a sub-penny company does a r/s, they get addicted to them. BAD habit for shareholders. And this is my opinion only... too many officers at the top are cronies that came in together or where brought in rapidly later. You'll always have cronyism, but combined with instant bump-up of o/s, then huge insider harvesting makes me real uncomfortable. I hope the pps pops decently so people make money who want out before the r/s... like me! S5
Posted by texrecruiter on :
S5,
Your right about pennies that do r/s. They usually get into a cycle and keep doing it. I think that we may stop the cycle with SVXP. They basically purchased the incorporation rights only from Cali. A shell basically. All new board. All new officers. The only reason they have for the r/s is too pay Cali back with 10% ownership. This is strictly speculation on my part. Before any of you start bashing me I repeat. This is only speculation on my part.
I'm not trying to get anyone to buy this stock. I like this company. I like the romanticism of finding hidden treasure. It's how I get my adrenaline rush.
Posted by trade04 on :
MMS are buying this one could run up again
Posted by ShortTermMemory on :
I feel bad for whoever isnt home today =(
Posted by ShortTermMemory on :
This crap should be illegal
Posted by Thorn on :
This is great. Oh well. Win a few, lose a few...just saw the r/s message Posted by HossTrader on :
The volume is about to get insane as this filters out. This is the kind of crap that drives me insane about penny stocks. I bailed over a month ago because I knew from the filings that the r/s was coming. That was the right move. Of course 2-3 weeks after doing that, the f***** stock runs up like mad and I miss out on over $30K profit. Then if finally does happen, and BAM, here comes the r/s. And anyone that bought into it after the run is screwed. This crap will make you cranky.
Posted by Thorn on :
Yeah. I made money overall, though I took a big hit at the end. At least you didn't come out on the down side, Hoss.
Think this will be worth trading after the r/s?
Posted by HossTrader on :
LOL believe me, I would much rather lose opportunity than money!
I think it will depend on how soon they actually book real revenue from this stuff. I can't imagine how high their expenses are and how long it takes for the payday to finally get there.
Posted by Thorn on :
Well, someone start a new thread for SVXA
I would think they'd capitalize on this new "high" by selling some shares into the system. (just speculation tho)
(Oops, that would be trading at $1, not $10...edited)
[ January 13, 2006, 16:14: Message edited by: Thorn ]
Posted by Winkie on :
WTF???? I went to target a few hours ago it was sitting at .0015 I come back and see this thread and dread fills my heart I log onto scottrade and see it at .008? Is something wrong with scottrade?
Posted by Winkie on :
nm showing up at .001 now is that where it closed?
Posted by stockster5 on :
*******S... At least there was a warning. But, same ****. issuing a r/s on late friday before a holiday. I believe markets are closed on MLK day?
Posted by stockster5 on :
B=-A=-S=-T=-A=-R=-D=-S
Yes, svxp dropped to .0008. Now you should see all the officers selling shares right after the split or as soon as the restricted date is reached for their preferred. So what else is new in penny land. THIS IS WAY YOU SHOULD NEVER FALL IN LOVE WITH A PENNY STOCK ,,,...
Posted by stockster5 on :
Okay, obviously I'm upset. Let me share what I believe is a technique for r/s. This is only MY observation - NOT A RULE, or FACTUALLY proved discovery. On the last 6 r/s's that happened to me in one year... with completely unrelated companies and sectors... on 4 companies, they announced r/s eminent within 6 months, on the other 2 - NO announcement.... ALL SIX PR'd or filed after 2:30 pm on a Friday before a holiday monday of the VERY NEXT holiday event. This obviously keeps a run from happening, and more, it totally screws anyone who thought they had at least a couple of weeks to play for any pops in pps. In svxp case, this is the 7th split for me (but 1st in new year) that had waited until a second holiday event since first announcement. This new stock will sell at a higher pps for only a short time, and I predict sub-penny within 2 months. This scenario is prevalent in majority of r/s's. Just do a profile search on any r/s penny stock then chart it and it shows the higher percentage is in the reduction scenario.
Posted by stockster5 on :
I've definitely confirmed Exchanges are closed monday 16th. Mlk day. I had put in a sell order for 80% of my holdings on weds., but at a higher pps. Nothing like having an instant count of 200 shares of a shell company.
Posted by runningscared on :
Shortermemory.. in my haste and panice I overlooked one, very important thing on Friday. Thank you for the headsup on this. I would have missed it and been screwed. Knew it was coming, but was rather taken aback by the speed. Thanks to you I made a timely exit.
Posted by Thorn on :
Not sure what it will do on Tuesday (17...will it start trading again that soon? Usually takes like a week or so ), but once they start recovering stuff from that CBNS-3 site -- no, before that -- the stock will head North.
I just don't know what will happen between then and now. Anyone know how r/s work right after the split? Isn't there a good bounce play?
Posted by DWE on :
Does anyone here know what SVXP's new ticker symbol is going to be?
Posted by HossTrader on :
quote:Originally posted by Thorn: Not sure what it will do on Tuesday (17...will it start trading again that soon? Usually takes like a week or so ), but once they start recovering stuff from that CBNS-3 site -- no, before that -- the stock will head North.
I just don't know what will happen between then and now. Anyone know how r/s work right after the split? Isn't there a good bounce play?
It can be good immediately after the split, mainly because none of the previous holders can sell until their shares are transferred. But don't stay long because they will all dump in unison in a couple of days.
Posted by DWE on :
quote:Originally posted by Thorn: Well, someone start a new thread for SVXA
I would think they'd capitalize on this new "high" by selling some shares into the system. (just speculation tho)
(Oops, that would be trading at $1, not $10...edited)
IS SVXA Sovereighn's new ticker symbol??
Posted by stockster5 on :
Svxa may be correct. Maybe. The new stock might make it up to 8 cents or so... but what does that matter, my holdings are reduced to 200 shares, so that's 16 dollars. Or less. It most likely will be sub penny in days anyways. And I said before, watch the insiders sell off billion/millions shares in the next 2 weeks. I wondering if sprouse and cavan were reading our forums and saw that a number of us had the r/s pegged even before the december filings.... naaaaaa. Too bad those pirates won't be sinking with the ship. I started to keep a running company officer list and if these names show up anywhere else I know to play fast and furious with the moves. S5
Posted by stockster5 on :
Is it sinking in yet, that holding long in a penny stock is nearly impossible these days. The pos companies aren't letting us hold. S5
Posted by BuyTex on :
must be missing sumpin...when *was* holding pennies a good idea? Was there a time when penny-plays were considered "investments"?
Posted by Golf57 on :
When did you guys and where did you hear about the R/S and when is it taking place?
Posted by runningscared on :
Golf, sorry you missed it. It was brought up on this thread many times before about the pending r/s. That, everyone here knew was going to happen. Then, thanks to someone's good dd, we learned that it would happen by April. Next.. along comes Friday afternoon and we all get a post from shortermemory to get out immediately, with a link to the r/s notification.
Posted by runningscared on :
Oh, unless I'm wrong, it happens on Tuesday. The market is closed on Monday.
Posted by imakmony2005 on :
SURE WAS A GREAT RIDE!!!!!!! BUT ITS A PINKY.
Posted by Thorn on :
That page also shows the new stock symbol will be SVXA.
And SVXP is not a pink sheet, it's on the OTC BB.
Posted by DWE on :
Wait... I'm not up to date with the R/S for SVXP. What is it going to be, a 1,000 for 1 reverse split or what?
Posted by stickfigurefred on :
Yuck.
Sovereign Exploration Associates International, Inc. Announces Reverse Stock Split to Improve Value by Positioning for Long Term Growth and Investor Value
NEWTOWN, PA.--(BUSINESS WIRE)-January 16, 2006 - Sovereign Exploration Associates International, Inc. (OTCBB: SVXP) announces a one-for-one, one thousand reverse (1:1000) stock split effective 9:00AM Eastern time, January 17, 2006. Effective January 17, 2006, Sovereign Exploration Associates International, Inc.'s trading symbol will be changed to OTCBB: SVXA.
"This reverse stock split represents the next milestone in SVXP's overall plan to achieve maximum shareholder value," stated Robert Baca, CEO of SVXP. "On October 17, 2005, the Company completed a stock exchange agreement with CALI Holdings to position Sovereign Exploration Associates International, Inc. as a publicly traded company. The agreement requires that management execute a reverse split as part of the term of that agreement as stated in the 8-K dated October 17, 2005. We believe the new share price after the reverse split will improve the Company's position in the financial markets, and enhance its ability to attract individual and institutional investors to fund the expansion of the Company's multiple recovery operations."
Management has analyzed similar companies in the market, and feels the reverse split will allow for a more accurate market value of SVXP. Monies invested in SVXP will be primarily spent on recovering lost cargo, not searching for it. When compared to the market capitalization of comparable companies searching for potential wreck sites, management recognizes that SVXP has tremendous unrealized upside value, having already located 12 valuable ship wreck sites.
Curtis Sprouse, COO, further states "The reverse stock split paves the way for our Company to ultimately apply for listing on the American Stock Exchange (AMEX), and which will allow management to pursue more favorable funding mechanisms."
Each 1000 shares of SVXP common stock outstanding and held by each stockholder of the Company immediately prior to the effective time shall be reclassified and combined into one share of common stock automatically and without action by the holder. No fractional shares of common stock shall be issued as a result of such reclassification. In lieu of any fractional shares to which the stockholder would otherwise be entitled, the Company shall round up to the next highest share number. Following the reverse spit, the number of shares of Common Stock issued and outstanding will decrease to approximately 26,200,000.
Posted by runningscared on :
"This reverse stock split represents the next milestone in SVXP's overall plan to achieve maximum shareholder value," stated Robert Baca, CEO of SVXP.
Uh, as for you poor souls (aka) shareholders, whom we just screwed.. well..
Posted by Thorn on :
26M o/s is good. Posted by runningscared on :
I peronally no longer care if this company does get that so-called pot of gold I will never-ever invest in it again. All those many, many people who believed in the company's ideals, plans and dreams were just screwed. Fotunately I got out just in time.
In addition, there is a matter of credibility. Yea, we all knew about the r/s, but it's the way in which it wentt down that bothers me.
These people.. geeks/nerds/crooks.. are NO Mel Fishers. I am honored to have known Mel, and though he was a character, one thing was true and comforting.. he was honest and concerned about his investors. And -- he had experience.
God knows, he made some extreme sacarifces going for his dream.
These total sob's are in it for a quick buck, and screw everyone, every country, and everyone else but themselves!!!
Posted by runningscared on :
One other thought -- this company has stated that it KNOWS where the riches are. Okay.. is it a matter of gas money? Heck, we'll chip in!!! Just go for it, get it and make all your investors happy. You know, the folks who believed in your dream? Being totally bored, I hope all of you don't mind me venting over the obvious BS this so-called company has been touting. Point is.. this company is totally BS. DO NOT INVEST!!!
Disclaimer: I am so new to this I am not even weened yet. Just don't want you to be taken in when the name-change takes effect and the pps goes back to the sub-pennies. It's your money.. and these Pham-salesman want it.
Posted by stockster5 on :
Well, they forgot to add... NEW investors. As for us OLD investors.. go f*** yourselves. We already got your money. If I had put mine in certs, would that had allowed me to trade as svxp any longer. I assume not.? It will be svxa immediatly on the 17th, and whatever you have left will be transfered to the new name. Your correct Buytex, pennies aren't an investment. You can make money, mostly by NOT holding. My 'investment', (I should stop calling it that!) was only a months lunch money, so it didn't break me. I always feel bad for the people who get wrapped up in the PR and give bigger money. Svxp did make it clear about r/s, they just didn't make it obvious with the 'UP TO' april 6th announcement. I have a new wrinkle in my rule book, always look for monday holidays and check your issue's for billion o/s counts. Now, let's see what tomorrow brings. S5
Posted by Upside on :
quote:Originally posted by Thorn: 26M o/s is good.
And it'll probably stay at 26 million for about 5 seconds flat. After that, the dilution will begin anew.
Posted by pizzalover on :
REVERSE SPLIT SVXA now! Glad I didn't put any more dough in this one
Posted by pizzalover on :
ask at 3.80 bid at .60 and trade symbols not changed yet
Posted by stockster5 on :
You can't trade svxp
Posted by Thorn on :
Some crazy guy just bought at 3.80 (and some lucky sap sold at 3.80!). That's equal to pre-split pps of .0038, or 345% over Friday's close of .0011!
Of course, it will more likely start at .55 . Some one is probably just baiting the hook. This stock from the beginning sounded similar to CMKX (lots of potential, no information about what they had now, more PRs about lots of gold, easy to get to, etc.).
Posted by Thorn on :
Sovereign Exploration Associates International, Inc. Forms Media Partnership With Principle Pictures, Inc. to Reveal Stories of SHIPWRECKS THAT CHANGED THE WORLD.
NEWTOWN, PA.--(BUSINESS WIRE)-January 17, 2006 - Sovereign Exploration Associates International, Inc. (OTCBB: SVXA) announces a media partnership with Principle Pictures, Inc.
The world's ocean floors are blanketed with the wreckage of lost ships. Their names languish in the dusty ledgers of long-vanished imperial navies and extinct enterprises that have been obscured over time. The historical impact of their loss has never been revealed. Until now.
This media partnership plans the creation of at least five television documentaries and a series of companion books, educational tools, and interactive Web sites. Sovereign Exploration Associates International's large catalogue of historically significant marine archaeological and recovery projects will provide an exciting new point of view on the history of North American and European development. All of these projects involve historic stories Principle Pictures is exceptionally qualified to tell. Consider this: What if Le Chameau, the pride of the French Navy, had not sunk on the night of August, 27, 1725? It was a devastating disaster in terms of souls and monies lost, with all of Le Chameau's 316 passengers and vast amounts of gold and silver to support the French Colonies in North America going to the bottom with her. Yet Le Chameau's sinking may also have dramatically altered the balance of power between England and France in North America. A generation of French leaders went down with that ship. Is it possible we might all be speaking French today had fate not intervened?
The tale of Le Chameau is riveting. It is history, unjustly forgotten. It is adventure, awaiting pursuit. It is just one of the exciting stories of SHIPWRECKS THAT CHANGED THE WORLD, a media enterprise between Sovereign Exploration Associates International, Inc. and Principle Pictures, Inc.
"This is about the presentation and preservation of history," says Beth Murphy, President of Principle Pictures. "We're excited about working with Sovereign Exploration Associates International and its portfolio companies precisely because of their commitment to bringing greater historic and scientific understanding to some of the most extraordinary shipwrecks of all time-shipwrecks whose fascinating, forgotten stories are ready to be rescued from the deep."
"We see this agreement as a critical step in continuing to tell the history and significance of these vessels and sites, " says Bob Baca, President and CEO of Sovereign Exploration Associates International, Inc. "The addition to our team of Principle Pictures, with its reputation for professionalism and quality, fits well with Sovereign's own dedication to telling these important stories."
About the companies: Sovereign Exploration Associates International, Inc. (SVXA) (Newtown, PA) combines sound business practices with a decade's worth of expertise in marine exploration. Portfolio companies of SVXA are currently undertaking the exploration of sites containing vessels from the 1700's and 1800's. (www.sea-int.com)
Principle Pictures, Inc. (Plymouth, MA) creates cutting-edge documentaries. A forward-thinking company committed to tackling serious, issue-oriented programming with world-wide appeal, Principle Pictures believes in the power of reality-based programming to educate, inform and inspire viewers. Principle Pictures' programming has aired on numerous networks in the United States and around the world, including The History Channel, Discovery, Discovery Health, Lifetime, PBS, Canal Vie (Canada), IBA (Israel) and NHK (Japan). Director Beth Murphy has twice been nominated for Emmys and most recently is the winner of the Gracie Allen Award from American Women in Radio and Television. (www.principlepictures.com)
James Cavan, Sr. Vice President Business Development & Institutional Relations Sovereign Exploration Associates International, Inc. (OTC BB: SVXA) 781.246.7512 www.sea-int.com
About Sovereign Exploration Associates International, Inc. Sovereign Exploration Associates International, Inc. (OTCBB:SVXA) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXA has filed Form 8-K. SAFE HARBOR The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Posted by Winkie on :
About how many days does it take to change to SVXA? I am using scottrade and it says SVXP#
Posted by pizzalover on :
in my experience with scottrade it has been 1 or 2 days
Posted by Winkie on :
Alrighty, thanks.
Posted by stockster5 on :
I have scottrade as well, going on 2nd day, still no settle on shares. Hopefully this afternoon, as the pps will keep coming down. Sprouse and other pirates should be unloading shortly. Then the present officers will move on to another cash opportunity.
Posted by BROOKLYN'S FINEST on :
WHAT WELL BE THE ASK FOR NEW SYMBOL? SAME?
Posted by Winkie on :
Sovereign Exploration Associates International, Inc. Announces Investor Conference Call Thursday January 19, 10:04 am ET
NEWTOWN, Pa.--(BUSINESS WIRE)--Jan. 19, 2006--Sovereign Exploration Associates International, Inc. (OTCBB: SVXA - News) announces the first investor conference call with management on Monday, January 30, 2006 at 4:00PM EST.
ADVERTISEMENT SVXA President and CEO Bob Baca and COO Curt Sprouse will be discussing business strategy and ongoing operations.
To access this investor call within the US and Canada, please call: 1-888-636-8801 and enter conference identification number 4410032.
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. (OTCBB:SVXA - News) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXA, (formerly SVXP) has filed Form 8-K.
SAFE HARBOR
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
Sovereign Exploration Associates International Inc. Curtis R. Sprouse, COO 781-246-7512 Fax: 781-245-7774 csprouse*sea-int.com www.sea-int.com Posted by trade04 on :
who in their right mind would by this * a dollar? this stock is worth at MOST .10 cents, its just a matter of time before it falls imo..
Posted by Winkie on :
I am supprised it has stayed so high this week got out at .90 still made a good profit but lost alot when I couldn't get out last friday.
Posted by runningscared on :
My problem is I managed to get out just in the nick of time making just a few bucks. Used that money to buy addition shares in BKMP. However this morning my etrade showed I went through the r/s. After waiting on the phone for some 45 minutes they promised to take care of the problem by tomorrow. Hope so.
Posted by texrecruiter on :
Running,
My scottrade account did the same thing, it corrected itself today at lunch. Was getting scared for awhile.
Posted by runningscared on :
Thanks Tex.
Posted by stockster5 on :
Running, does that mean you had a sell order in before 2:30 friday 13th or after? If after, then you only had 1 1/2 hours to fill that order. After the bell friday, I believe svxp was no more. I'm not sure if sub pennies trade after hours, in which case maybe friday night and saturday. Scottrade had rendered my holdings frozen while svxp flipped the shares and name. .. etc. I couldn't trade until end of day wednesday.
Posted by runningscared on :
I checked and the sale was executed 11:34AM Friday morning.
According to the person at etrade it will be fixed by sometime this morning. We shall see. Either way, I'll post. Problem is, I'm not going to have 45 minutes this morning to wait on hold if it's still there. In that case I'll wait till Monday to see what happens.
Posted by runningscared on :
Everything A-OK w/etrade this morning. As promised it straightened out my account re: SVXP.
Posted by stockster5 on :
Very cool, you got out in time. I'm not sure if a company can dump an old name as soon as the reports get to sec, like example after 2:38 on friday svxp is dead and you can only trade svxa.?? S5
Posted by runningscared on :
Let's see, the time is.. 6:03 EST. In 27 minutes the Panthers - hopefully - will show their stuff in Seattle.
Yea, I would say I got out just in the nick of time. It was pure genius on my part. Uh, actually, it was pure luck. Whew!
That said, I posted some nasty stuff on this site about the company and some nice things about Mel, who is the "Mother of All" treasure hunters.
Truthfully, I'm starting to re-think that - though I still think the world of Mel Fisher. When I look back on one of my last conversations with Mel I asked him about how lucky his investors were. He told me.. now that I think about it.. yea.. especially, the last ones. Being new to the stock business I'm thinking.. and I don't know this.. he must have r/s'ed up the butt. The last ones in made the money.
So, now that we see this stock falling.. as expected.. if it goes back down to sub-pennies, which is all I can afford (thank you wife) I may just try again.
Hey, last one in. I must, however tell you, I do NOT like this company. One thing about Mel, he was legit in that he had experience and made an awful sacrifice to aquire his dream.
Posted by stockster5 on :
Just a thought, but I believe Mel Fisher started in the 60's. There wasn't a otc exchange I think. I would hazard a guess that reverse splits were something big stocks did at the time. I don't even know when Mel went public. Maybe he meant the ones still holding. My point being, I would bet a side sonar that Mr. Fisher didn't do what sub pennies do now on a daily basis. And, there is only one or two new so called officers that know anything about salvage in svxa, Sprouse and company are pharmaceutical accountants looking for some quick cash. S5
Posted by runningscared on :
I do believe you are right about Mel. Thought it was later than the 60's, but I don't think it really matters at this point. SVXA, according to most, has done sunk too deep.
Posted by HossTrader on :
Actually the pink sheets and otc are MUCH older than the 60's. It just went electronic recently.
Check out the paragraph on history
Posted by runningscared on :
Thanks Hosstrader. Neat information to know. In addition, I thought it was much, much later than the 60's that Mel found the the big treasure. In fact, he didn't hit it big until, I believe, in the mid-80's. When I used to talk with him it was in the 90's. His dream of finding more treasure was still with him, but his health was failing. Oh, no big deal that I talked with him. Mel would.. and did.. talk with anyone who came up to him. He was just that kind of person.
Posted by stockster5 on :
gee, now that most of us are holding a 100 or so shares it doesn't seem so exciting any more.
Posted by stockster5 on :
I think this thread is dead. No one wants to talk about svxp/svxa any more.
Posted by stockster5 on :
Well, last remark of svxa. I sold my massive holdings of 115 shares after the r/s and made $3.00 after the commissions and fees. I probably will delete this forum from my favorites and not look at this stock until much later. see ya everybody, it was fun while it lasted, have a good and profitable year. Best *********5
Posted by stockster5 on :
And I have no idea why I can't mention my own nic either........./?
Posted by DWE on :
LOL! Don't feel too bad. I was in SVXP too at the time. While you made 3 bucks, I made probably nothing after the commission fees, I really don't remember.
GO SVXP! Oh, I meant, DIE SVXA and sink like the Titanic did!!! Posted by Thorn on :
Heh. ********* should be happy. He got out with his money. A lot of people didn't; the first goal is to preserve your principal...any profit is gravy.
Posted by DWE on :
AH, YES THORN! UNQT ALL THE WAY!!!.....
NOT! LOL!!!
Posted by stockster5 on :
still don't know what's up with bleeping my name out...??? Thorn, 3 bucks is 127 shy of money.
Posted by DWE on :
MAKE THIS HORRIBLE SVXP THREAD DISAPPEAR!!!
Posted by stockster5 on :
Easy, just delete it from your favorites, like I'm doing right now.
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I just doubled up on this today since it was nice enough to hang out at 0004
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where are those shorters?
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