posted
I agree with you Stockstar. I've been in GWGO since last summer. They've had their ups and downs but I've made good money with them. I've got a few million free shares and I will definitely be holding long. There is nothing but upside with this company IMHO.
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posted
I have ONLY 2 million shares but want to buy more, just need some free cash. Everything I have seems to be going up lately so I can't sell it...like I should complain about that!
Lessor of 2 evils make money now or make money later... :-)
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I think people are bailing because they have lost interest since there are no press releases. It's bouncing between .0013/.0014 but as soon as the PR's come it's gonna take off again, probably over .0020/.0025. Maybe more.
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I would like for it to go over .003 with the PR. But I am sure we all would. There is no way I would sell this stock right now. Trying to figure out a way to buy more!
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Sell your Porsche !!! Well the stock didn't tank thus there was some interest too --- well, last week there was no news and it gradually increased!!!'Last weeks bottom line was .001 -.0011 so i'm hoping it'll be .0013-.0014 this week!!! So hopefully we'll see the gradual incline again!!! With news... depending on the dividens ... i'm hoping we'll see a huge increase... last yr it went up to almost 1 cent so there's a lot of potential here... just a matter of sweating it out or not!!!
How much you asking for your Porsche ?
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JARW sorry, sold it two years ago. Just never lost the name. Hoping that SVMI will go up first so I can sell that and buy more of this! Going to sweat this out for as long as it takes.
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Cruel threats from tyrant in luxury tower Tony Hetherington, Mail on Sunday 26 March 2006
THE language is unpleasant: 'You are pathetic, a typical smalltimer.' The threats are unnerving: 'I consider you a target and therefore expendable.' And the arrogance of the message is breathtaking: 'You little people fail to realise that people such as myself do not care about you or your lives. I do not care if I break you and your family financially, I could not give a s**t.'
Did these words come from a loan shark perhaps? No, amazingly this was the e-mail received by a shareholder who dared to ask questions when mining investment company Hanover Capital Group lost its place on the junior Alternative Investment Market and embarked on a bewildering series of changes.
And the reply came from the company's boss, South African-born self-proclaimedbnaire Stephen Craig Lumb, who in January announced the purchase of Walton Castle, near Bristol. The asking price was £3.35m.
Lumb, 38, took control of Hanover in March 2003. Three weeks later, the company's professional adviser, Grant Thornton, quit and trading in the shares was suspended. Lumb announced that new advisers would be appointed within days. Three years on, Hanover has no advisers and no share listing and has committed a string of Companies Act offences that look set to spark a Department of Trade and Industry investigation.
Accounts due two years ago have still not been filed. A list of shareholders due at Companies House a month ago is also outstanding. And at one point Hanover disappeared from its registered office and failed to replace its company secretary, who resigned - both breaches of company law.
Since Lumb's appointment to the board, Hanover has failed to hold annual meetings of shareholders.
Instead, the company's 7,000 investors learned through a Press release last year that control of the business had passed to an American firm, St James Capital Holdings, headed by...Stephen Lumb. The American company had owned about five% of Hanover.
Overnight, this leapt to a controlling stake of 66%, paid for not in cash but in restricted shares in St James Capital Holdings itself. Those shares cannot easily be resold and are difficult to value.
Meanwhile, Hanover's mineral rights in Africa, valued at £6.4m, were signed over to another US company, West Africa Gold, in exchange for a 31% stake in the business. Within months, they were simply abandoned. Hanover's stake was valued recently at about £18,000.
Lumb is described as a 'consultant' to West Africa Gold, which has changed its name to Great West Gold. It now claims mineral rights in California and Arizona.
Lumb announced that Hanover's investors would all receive a huge handout of shares in the American company, which would be worth three times the cost of their Hanover shares.
Months later, with no handout in sight, Lumb simply retracted the announcement. Great West Gold similarly announced a distribution of assets.
Mining rights would be hived off to five new British companies, with shares for everyone, to be traded in London by the end of January. But on March 10, a fresh announcement put back trading to the end of this month.
It is unclear how the new shares will be traded. They stand no chance of a full Stock Exchange listing. But Lumb has ambitions for a mini-stock market of his own. He has registered about 100 companies with himself as director.
All of which is no help at all to the locked-in minority shareholders in Hanover Capital Group.
Lumb told Financial Mail: 'Quite frankly, we have done the right thing as far as I am concerned for the Hanover shareholders.' The 'right thing' seems to be an offer of shares in Lumb's other company, St James Capital Holdings. There is no timetable, though.
However badly his shareholders may have fared, Lumb himself enjoys living the high life, with a luxury flat in St James's Square, central London, as well as his newly purchased Walton Castle.
He reportedly owns two private jets, three helicopters and a 68ft yacht. In contrast, though, stories persist of bad debts. Top people's party organiser Red Snapper is still waiting to be paid for caviar and champagne dished out at Lumb's birthday party last April.
The company says it never talks about its clients, but sources put the unpaid bill at about £8,000. Lumb is unabashed, saying that he is 'in dispute' with Red Snapper and has 'no time to be a flashy playboy'.
He did find time, though, to fire off another of his e-mails to property tycoon Vincent Tchenguiz, blaming him for leaking the debt tales - something that Tchenguiz denies.
'My security team has been briefed,' he wrote, and Tchenguiz could expect 'major due diligence' into his private life.
With a Department of Trade and Industry inquiry apparently imminent, Lumb should expect to face more than a few questions himself, very soon.
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Hey JARW, you can stay in bed. We still have no PR....Dont see why all are not in this one. We saw what just the talk of PR did last week. Went up to around .002. Think of what is going to happen when we get the news!
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well damn, that may explain why these guys suck so bad.. Don't return emails, phone is disconnected, website been saying same thing for a month, links to other companies contained viruses... I wish i wouldn't have chased this stupid stock.
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JARW...I feel your pain. When this thing does take off I will have a hard time letting go. Hopefully the dividend will have kicked in by then and my current average cost will have dropped so low that when I do sell it will look like a made a killing.
Here's a scary thought...When they announce the dividend (from the 3 latest acquisitions) they will announce more acquisitions leading to more future PR and PR about PR's. THAT WOULD BE FUN!
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quote:Originally posted by casviper: Did anyone look into the claims by NEL? What is up with that? Are we looking at a disaster?
Seems a few weeks ago with the "possible buy out scam" that this group was mentioned...probably more of the same BS...I find it hard to swallow that that email was ever sent...
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quote:Originally posted by casviper: Did anyone look into the claims by NEL? What is up with that? Are we looking at a disaster?
When I saw that post by NEL, one of the first things that crossed my mind is that NEL was some MM trying to drive down the pps so they could buy cheap. I don't know if that is the case or not but the whole story seems a little too over the top to be true. With that said, I've got a few million free shares I think I'll just hold on to and see what happens. GLTA
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quote:Originally posted by casviper: Did anyone look into the claims by NEL? What is up with that? Are we looking at a disaster?
When I saw that post by NEL, one of the first things that crossed my mind is that NEL was some MM trying to drive down the pps so they could buy cheap. I don't know if that is the case or not but the whole story seems a little too over the top to be true. With that said, I've got a few million free shares I think I'll just hold on to and see what happens. GLTA
NEL's not an MM...she was just brining the info to our attention...
Has anyone looked into it or seen anything else about it? I'm not really worried...I think that it is BS...
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OK, sorry NEL. Thought it was just a ploy. I'm trying to look into it but am not having a lot of luck. I'll keep trying and I'll let you know if I find anything out.
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quote:Originally posted by bugman55: OK, sorry NEL. Thought it was just a ploy. I'm trying to look into it but am not having a lot of luck. I'll keep trying and I'll let you know if I find anything out.
Good luck...chances are...or at least hopefully..you won't find anything...because it is BS...
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I'm not an MM, I'm a lonnng time shareholder. Currently now riding FREE shares but have been deep in the red on this stock a few months ago. Now my free shares average between $1,000 and $1,600 depending on the pps. I thought the sory was kind of crazy myself but stranger things have happened.
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quote:Originally posted by NEL: I'm not an MM, I'm a lonnng time shareholder. Currently now riding FREE shares but have been deep in the red on this stock a few months ago. Now my free shares average between $1,000 and $1,600 depending on the pps. I thought the sory was kind of crazy myself but stranger things have happened.
Now that I think about it...it might have been a nice thing for you to have been an MM...then you would have had the "power" to drive this puppy up...
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Well, all good things come in threes! I'm predicting that will be in the .0020's next week again with or without PR!!! The PR has to be out by the 15th --- that being a Saturday --- wouldn't surprise me if that actually happened!
I'm off, gotta work for my money now... have every dime in JPHC and GWGO --- I haven't had to work since December last year!!! Great!!!
See you all when there's some action again!
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