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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
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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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.
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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?
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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!
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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!
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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.
-------------------- May your trading build your character as well as your portfolio.
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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!
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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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
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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....
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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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.
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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.
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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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.
-------------------- May your trading build your character as well as your portfolio.
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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.
-------------------- Nothing moves a sub like news!!!
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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.
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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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.
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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