posted
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.
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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
-------------------- May your trading build your character as well as your portfolio.
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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
RYE is getting ready to run.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
"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).
-------------------- May your trading build your character as well as your portfolio.
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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?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
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.
-------------------- May your trading build your character as well as your portfolio.
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posted
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."
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
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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.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
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'?
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
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posted
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.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
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.
-------------------- May your trading build your character as well as your portfolio.
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posted
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
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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).
-------------------- May your trading build your character as well as your portfolio.
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posted
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.
-------------------- I just want to make enough money to be eccentric.
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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!
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posted
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!
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![[Smile]](smile.gif)
Good point. Maybe that's why I'm here too.![[Big Grin]](biggrin.gif)
lol![[Wink]](wink.gif)
It's a buyer's market.![[Razz]](tongue.gif)
