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Topic: SBGX

keithsan
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posted

swinging this for a couple days, also a bottom pick.

Back to SBGX:

This shot up when they announced a 8-1 forward split.
Traded around .50 currently its trading in the .25/.30 range.
It is oversold (CCI). We should be at or near a bottom here.

chart: http://stockcharts.com/def/servlet/SC.web?c=SBGX,uu[w,a]
daclyyay[pb50!b200!f][vc60][iUd20!La12,26,9]&pref=G

Here is the dividend info. http://otcbb.com/asp/dividend.asp?
sym_id=SBGX&dDate=06/10/2005&sDateType=Record_date

Basically, with the date of the split approaching this should begin
to rise in price as more people buy in to receive the split shares.
You need to buy on Monday, Tuesday, or Wednesday.

SBGX is a mining company: http://www.sbgx.com/pages/home.php they
have had many recent acquisitons, all are located on their web page.

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keithsan
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posted

for those not familiar with bottom he hasn't been updating pick site lately.

http://www.allstocks.com/stockpicks/Bottom_Picks.html

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keithsan
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posted

added a bit here, should've waited. had a buy at bid in all am. didn't fill, went at ask. For split shares I think you must own on Weds. day latest.

Looking for a runup pre split.

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Triumph1902
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Stonebridge Resources Announces 7 for 1 Forward Stock Split; Board of Directors Approves Providing Additional Shares of Stock in Lieu of Cash Dividend

May 26, 2005 15:46:01 (ET)

Stonebridge Resources Exploration Ltd. (NQB:SBGX), today announced that the Board of Directors approved a 7 for 1 forward split of the Company's common stock in lieu of a cash dividend. Shareholders of record as of June 10, 2005 will receive 7 additional shares for every 1 share of common stock owned. The effective date of the forward split will be June 16th, 2005.

The Board of Directors deemed it appropriate to recognize and reward, in the best possible manner, shareholders' loyalty and also demonstrate their belief in the short and long-term prospects of the Company's endeavors.

Shareholders of record as of the record date will be mailed the additional share certificates directly from the transfer agent.

"It is with shareholder value in mind that we at Stonebridge have such significant strides. We believe that our shareholders deserve the same loyalty they have provided the Company and believe the additional shares will provide them with additional value as we continue to execute our strategic growth plan," stated Howard Pizel, President.

Stonebridge Resources Explorations Ltd. is a junior resource and exploration company concentrating on acquiring and consolidating large advanced exploration stage companies with near term production growth potential and acquiring this growth initiative in a profitable and socially responsible manner.

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Triumph1902
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quote:
Shareholders of record as of June 10, 2005 will receive 7 additional shares for every 1 share of common stock owned.

Are you sure we can get the split or was June 10 the last day to own?

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cruz
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posted

you go by the ex-date.

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keithsan
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posted

you will get them as long as you own on the 15th thru closing:(IMO) the bad wording of the pr helped the stock drop in price.

http://otcbb.com/asp/dividend.asp?sym_id=SBGX&dDate=06/10/2005&sDateType=Record_date

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Triumph1902
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Thats what I thought just making sure...Im in

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cruz
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posted

In at 0.23

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keithsan
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nice price Cruz i'm jealous

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cruz
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posted

thanks! i had buy orders in at 0.27 and 0.28 but kept getting cancelled. i had to manually subtract my locked funds from GVRP to figure the amount of shares i can grab. i have a small postion now but not what i wanted originally. i have to get some more funds in [Frown]

. hopefully, i can grab some more tomorrow at these prices [Smile]

or sell something (nothing i want to sell right now).

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cruz
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posted

down to 0.21.

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cruz
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posted

down to 0.17

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Triumph1902
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Im in at .22 I'll see if i can grab some tomorrow if it's still this low. Anyidea why it dropped further...

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keithsan
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bid was .17 ask .23 there was selling on the bid.

IMO those who owned on Friday and think the shares are coming to them in the mail are wrong and are selling. I will be buying as it goes down.

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cruz
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we need some l2s on this tomorrow.

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keithsan
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posted

I can post them, it looks down a lot but ther volume was literally 60k and its probably some moron who thought he already had the due bills.

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cruz
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posted

thanks. you still getting aplhatrade in your cat's name? [Smile]

quote:
Originally posted by keithsan:
I can post them, it looks down a lot but ther volume was literally 60k and its probably some moron who thought he already had the due bills.

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keithsan
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posted

nah, i had to pay, i'm at work tho so sometimes around and sometimes puter is frozen. its brutal.

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keithsan
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Level 2

.15 x .30

3 on bid 1on ask

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cruz
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has anyone verified the split with their broker? i called last night and they told me i had to call back during market hours.

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cruz
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thanks.

quote:
Originally posted by keithsan:
Level 2

.15 x .30

3 on bid 1on ask

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keithsan
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posted

.18 x .25

1 by 1

tomorrow is last day to get divs, you may see a move EOD thru tomorrow. seems like that dumb bid seller is done.

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cruz
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posted

volume is big today

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keithsan
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yep, someone thinks they have more shares than they do [Smile]

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cruz
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posted

any l2s?

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keithsan
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.15 x .20

3 x 1: There are gonna be some bummed sellers when they don't get their shares come thursday.

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keithsan
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cruz, since i'm bored

.15 x .21 3 by 2 last 3 sales were all buys.

this is very weird, I never see stocks drop in price beofore the dividend. That p.r has everyone screwed up, hopefully it bounces nice after the split when I have more shares [Smile]

Had a buy in at .15 most of the day, just yanked it cuz i'm off to the sox game. and I like to watch what I buy.

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cruz
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posted

have fun.

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keithsan
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been 90 degrees for a week, i go to a sox game and its 50 with thunderstorms WTF.

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cruz
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thanks for the l2s

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cruz
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lol - yeah its cooling off here.

quote:
Originally posted by keithsan:
been 90 degrees for a week, i go to a sox game and its 50 with thunderstorms WTF.

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keithsan
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.15 x .31
4 by one,

they figured out the screw up LOL wish I wouldve gotten in for .15 still in at .28 or so

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cruz
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i got in at 0.23 - i guess i missed the opportunity to add more - will keep wathcing the last 25 min here.

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cruz
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i need to sell some stocks to add more. any luck at .23 or so here in the last 20 min.

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