Stock exchange listing

[Fireman]

#7044

So Quartzview, now that you are in control of the mine, why don’t you tell us stock holders what your plans are for the mine.

[QuartzView Inc]

#7043

Douglas Charlton, a director and Chief Execu􀆟ve Officer of Original Sixteen to One Mine Inc., has provided me with the following statement regarding the setlement of the Administra􀆟ve Proceeding filed by the SEC against Original Sixteen to One Mine Inc. and the revoca􀆟on of the registra􀆟on of the securi􀆟es of Original Sixteen to One Mine Inc.
“The management of Original Sixteen to One Mine Incorporated (the Company) discloses to the shareholders of the Company that on November 8, 2023, the Company entered into a setlement with the Securi􀆟es and Exchange Commission (Commission) regarding the Administra􀆟ve Proceeding and No􀆟ce of Hearing Pursuant to Sec􀆟on 12(j) of the Securi􀆟es Exchange Act of 1934, Admin. Proc. No. 3-21690 (the Proceeding) ini􀆟ated by the Commission against the Company. In the Proceeding, the Commission alleged the Company failed to comply with Exchange Act Sec􀆟on 13(a) and Rules 13a-1 and 13a-13 thereunder by failing to file required periodic reports since the quarter ending September 30, 2022 and filing materially deficient Form 10-K annual reports for fiscal year 2012 through 2021 without audited financial statements or being accompanied by any cer􀆟fica􀆟ons required by the Sarbanes-Oxley Act of 2002. Pursuant to the setlement, without admi􀆫ng or denying the alleged findings stated in the Order Ins􀆟tu􀆟ng the Proceeding, except as to the jurisdic􀆟on of the Commission over the Company and the subject mater of the Proceeding, which are admited, the Company consented to the revoca􀆟on of the registra􀆟on of each class of securi􀆟es of the Company registered pursuant to the Securi􀆟es Exchange Act of 1934 effec􀆟ve November 7, 2023 (the Setlement).
The prior management of the Company received a delinquency leter from the Commission dated September 20, 2022, reques􀆟ng the deficiencies in the Company’s Form 10-K annual reports for fiscal year 2012 through 2021 stated above be rec􀆟fied within fi􀅌een days. The current Board of Directors and management of the Company were elected and served from November 3, 2022. The delinquency leter was not shared by prior Company management with the current management of the Company.
The decision of the current Board of Directors of the Company to setle the Proceeding took into account the con􀆟nued refusal by prior Company management to grant access to any corporate records for the Company, including historical financial records of the Company needed to prepare accurate periodic reports, audited financial statements and cer􀆟fica􀆟ons under the Sarbanes-Oxley Act of 2002 required by the Securi􀆟es Exchange Act of 1934, the extended period of 􀆟me since the financial statements of the Company were audited and an alloca􀆟on of the limited capital resources available to the Company.”
Douglas Charlton, CEO

[QuartzView Inc]

#7042

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 98870 / November 6, 2023
ADMINISTRATIVE PROCEEDING
File No. 3-21690
In the Matter of
Original Sixteen to One Mine, Inc.,
Respondent.
ORDER MAKING FINDINGS AND
REVOKING REGISTRATION OF
SECURITIES PURSUANT TO
SECTION 12(j) OF THE
SECURITIES EXCHANGE ACT OF
1934
I.
The Securities and Exchange Commission (“Commission”) deems it necessary and
appropriate for the protection of investors to accept the Offer of Settlement submitted by
Original Sixteen to One Mine, Inc. (“OSTO” or “Respondent”) pursuant to Rule 240(a) of the
Rules of Practice of the Commission, 17 C.F.R. § 201.240(a), for the purpose of settlement of
these proceedings initiated against Respondent on September 21, 2023, pursuant to Section 12(j)
of the Securities Exchange Act of 1934 (“Exchange Act”).
II.
Solely for the purpose of these proceedings and any other proceedings brought by or on
behalf of the Commission, or to which the Commission is a party, and without admitting or
denying the findings herein, except as to the Commission’s jurisdiction over it and the subject
matter of these proceedings, which are admitted, Respondent consents to the entry of this Order
Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the
Securities Exchange Act of 1934 as to Original Sixteen to One Mine, Inc. (“Order”), as set forth
below.
2
III.
On the basis of this Order and Respondent’s Offer, the Commission finds that1
:
1. Original Sixteen to One Mine, Inc. (“OSTO”) (CIK No. 74925) is a
California corporation located in Alleghany, California with a class of securities
registered with the Commission under Exchange Act Section 12(g). As of September 7,
2023, unsolicited quotations for the common shares of OSTO were quoted on OTC Link
operated by OTC Markets Group Inc.
2. OSTO has failed to comply with Exchange Act Section 13(a) and Rules
13a-1 and 13a-13 thereunder because it has not filed any periodic reports with the
Commission since the period ended September 30, 2022. OSTO has also failed to
comply with Regulation S-X because its Forms 10-K for the fiscal years 2012 through
2021 were materially deficient because they failed to include audited financial statements
and failed to include the certifications required by the Sarbanes-Oxley Act of 2002.
IV.
In view of the foregoing, the Commission deems it necessary and appropriate for the
protection of investors to impose the sanction specified in Respondent’s Offer.
Accordingly, it is hereby ORDERED that:
Pursuant to Section 12(j) of the Exchange Act, the registration of each class of
Respondent’s securities registered pursuant to Exchange Act Section 12 be, and hereby is,
revoked. The revocation is effective as of November 7, 2023.
2
For the Commission, by its Secretary, pursuant to delegated authority.
Vanessa A. Countryman
Secretary
1
The findings herein are made pursuant to Respondent’s Offer of Settlement and are not binding on any other
person or entity in this or any other proceeding.
2
This Order applies to all classes of Respondent’s securities registered pursuant to Section 12 of the Exchange Act,
whether or not such securities are specifically identified by ticker symbol or otherwise in this Order.

[Abedo]

#6619

GREETINGS to our new website.
The FORUM began in the late 1990’s at origsix.com. Do to its age a modern website became necessary. Here it is; however all the transaction from origsix.com during the transition are not yet available on the site. Our original website will remain. Welcome and enjoy your journey with the oldest USA gold mining corporation. Participate using either or both sites.

[Fred Cain]

#6417

Michael,

Thanks for the post and the information. Buying “grey shares” for OSTO (or for any thinly traded “penny stock”) has become very problematic and erratic.

I’d had an order in with my broker in my IRA for nearly two years and was not able to get any. Everytime I entered a good-till-cancelled order it would just expire after 60 days. Then I’d have to enter a new one.

Lately I had an order getting ready to expire again so I added a second order and bumped my offer price up by a penny. Then all of sudden boom-boom! They BOTH executed at once. Go figure! There is no logic in this.

I spoke with a small broker a few years ago who explained to me that years ago when someone would attempt to buy a “penny stock”, the broker would call around looking for shares. No more. It’s all done by computers now and most “grey shares” or “penny stocks” trade under the radar so that that the computers simply cannot “find” them.

So, why do I do this? Two reasons. Number one, I hate to say, the “grey shares” are a whole lot cheaper. But since I cannot get my broker to provide me with a certificate, then I guess I’m getting what I’m paying for.

The other reason is a more pragmatic one. Right now I happen to have more cash sitting in my IRA doing nothing than I have in my bank account. So buying shares on our company’s stock board right now is not an option for me. That might change, though.

Best Regards,
Fred M. Cain

[Michael Miller]

#6416

Good fortune to the existing shareholder who bought 20,000 shares of OSTO this week. The price as stated in my Schwab account was $0.109. The grey market mystifies even the professionals. But…a trade was executed and reported.

Someone ,somewhere must run grey market activities. For you followers of the website and a buyer or seller interest, try internet brokerage services. Let me know your success as buyer or especially seller.

[Michael Miller]

#6415

A dozen calls (as recently as yesterday) are ringing with interests in buying shares. We have a new transfer agent and expect prompt responses in the future for share transfers.

If an existing shareholder wants to sell shares, write me and name your price. The grey market is still grey.

[Hans Kummerow]

#6401

I agree with you, Scoop. London is still attractive. But please be aware that you would be listing at an exchange that is owned by China.

[SCOOP]

#6400

Australian Securities Exchange and Toronto Stock Exchange mining companies report liquidity has been low and the depth of institutional investors has decreased. Juniors struggle to raise capital in recent years, particularly in North America. Listing on London Stock Exchange (LSE) is an option.

Twelve mining companies made their debut in London last year. Mining is a key LSE sector, representing more than half a trillion dollars of market capitalization. One hundred sixty five mining companies are 23% of the global market capitalization of mining companies. One hundred mining companies are valued under $100 million.

In Canada the ability to raise new capital has been particularly difficult given the focus in the region on other business sectors. After it was legalized in the country in October 2018, cannabis-related firms have not been favorable for mineral explorers. Interest in cryptocurrencies has also made it hard for juniors to raise capital in Canada. London market has a deep pool of institutional capital, meaning that even in difficult times capital should be available. Juniors must work hard to prove themselves, regardless of whether listing in Toronto, Sydney, Johannesburg or London. London appreciates quality, production and near production companies.

The deep pool of available capital in London means that international mining companies are increasingly tapping into the UK’s investor capital to support new projects and expansion. Companies will ultimately follow the money when listing.
SCOOP says: Sixteen to One is quality, has production and knows where major near production awaits your drills.

[Fred Cain]

#6392

Michael,

YES ! Right on! I had problems myself with the girl at the old transfer company returning my calls and stuff.

I hope this is an improvement.

Regards,
Fred M. Cain

[Michael Miller]

#6390

We hired a new transfer agent; former was not responsive for making transfers or communicating with Rae and our new agent in Reno. I flew to Spokane and drove to Post Falls, Idaho Monday June 24, returning Wednesday June 26 with our documents, now in the hands of Nevada Agency and Transfer Company. Check it out if you want. I expect significant improvements for all.

This change is important for future buyers and sellers using our “STOCK” topic of the website. Buyers and sellers are matched but we could not close the transaction. Problem solved.

[Hans Kummerow]

#6376

Dear Mike,
what you are writing is very true. A 17 year old expert opinion is worth a fresh look.

And the Toronto Stock Exchange TSXV has grown into the biggest source of venture capital for mining companies worldwide during the last 17 years.

OSTO-Stock would stand out quite tall at TSXV in a comparison to all those junior miners who are listed in Toronto.

[Michael Miller]

#6375

Hello faithful participants in our historic FORUM. I appreciate the experience and wisdom on these pages. I thought I’d read the starting this topic seventeen years ago. It is impressive and worth a fresh look. Enjoy. May 15, 2002 at 2:56AM

05/15/2002 2:56AM
Dear Mr. Miller:

I do not feel bad about 16 to 1 loosing it’s listing on the Pacific exchange as it was never a good place to list. Not one of the stock listing services such as Yahoo Finance or AOL Quotes would access any stock listed exclusively on the Pacific Exchange, and most brokers would not track anything on it either due to higher commissions. What is the use of having it listed if the listing can not be accessed? I think one main reason for the lack of trading volume in OAU is it simply was impossible to access for most investors unless they went to your web site and found out it was actually listed. Remember that only 27 stocks (including OAU) were unique to the Pacific Exchange, not making it worthwhile for any automated quote system to access them.

Now, as to where to list. DO NOT list on a Canadian exchange. The most logical one the Canadian Ventures Exchange (CVX) is again another exchange that is not accessed by most Net stock reporting services. Much worse, it is not accessed by the majority of brokerages. When I tried to have my broker at Prudential get some CVX quotes, I was told that no broker in the SLC office had subscribed to the option of accessing CVX quotes as Prudential did not trade in CVX shares, even though they trade in most foreign exchanges. Again, what is the use of being listed on an exchange that no one can access or trade on?

NASDAQ: This was originally just a computerization of the old pink sheets. Unfortunately, they have totally forgotten their roots and have since imposed requirements almost as stringent as the NYSC. This is such a disaster to small companies they set up the “NASDAQ Small Caps” listing for companies who do not qualify (mainly because of low share prices) for main NASDAQ listings but who want to avoid the “stigma” of the NASDAQ BBS – the Bulletin Board System is really the current remaining equivalent of the old pink sheets and serves very adequately for making a market. The only real stigma is that there are no real listing requirements other than at least one broker – somewhere – makes a market in that stock, and thus it attracts companies who do not file annual reports, fraudulent companies, etc. so it is a buyer beware type of listing. As nearly every active stock trader realizes this, it just means a bit more due diligence. As long as OAU continues to meet SEC reporting requirements AND produces hard copy reports and mantains a web site, I do not see any reason for not listing on the BBS. You can try for the “Small Caps” listing part of NASDAQ, but I do not know what the requirements are – it is certainly much simpler to list on the BBS – unlike listing on “Small Caps”, that can be done without any formal exchange approval.
One advantage of BBS over Canadian – all listings are fully accessible by every brokerage, traded by every broker, and listed on every Net stock reporting service. For those reasons, I would personally prefer BBS listing to the old Pacific listing.

[cody washburn]

#6374

yesterday the shares traded at 10 cents, one 1600 share trade, and one 1400 shs.

No big deal, except the increase from the last trade was 99,899.99%
Not many can say they had a stock that went up that much in one day!

[Michael Miller]

#6371

Wednesday April 24, email from Steve, former director and specialist on Pacific Stock Exchange. My reply.

Steve,
Nice to hear from you today. Wow,a trade at $0.0001. This may be the record for market insanity regarding share value.

You and I likely know more about the public market for OSTO than anyone. I agree with you, but before going into this trade of 234 at $0.0001 which may not cover the $4.95 trade cost, our move towards a market is underway. Relevant factors affecting gold ownership are under exposed but a strong shadow market exists. Foreign gold players are kicking action as are big gold producing companies. Exploration juniors remain mostly phony; however a few good “penny” stocks are out there. My OSTO shows the 234 volume sale.

Sixteen continues to break tradition, as you wrote. And yes, few, too few know about us. This is changing. The gold market is heading for new territory. Russians, Saudis, Europeans, big producers, South Africa and even USA are active. China already has its yuan backed with its gold market. You know this and much more. Can Blue jay rejoin the FORUM? Your analysis is appreciated by readers, I’ve been told. I miss Blue jay.

Sixteen’s relationships with federal and state agencies have improved. A past negative is neutral. Few small gold companies compare: we produce gold, are operating and permitted. Our country is stable and our mine is patented. Others hype the Exploration theme: promises that take years, if ever, before production. Outstanding shares are huge: 400,000,000 outstanding or more touting their moose pasture. BS: no operating permits and zero revenue.

Many in our small, tight gold industry know about Original Sixteen to One Mine: coal miners in the east, silver miners in Idaho, financial people around the country, even Barrick and Newmont miners know about this traditional gold mine working in California. Memorial week end a conference of geologists is held in Reno. On June 1, fifty are busing to Alleghany for a tour. Their word is Excitement about visiting our historic mine.
The biggest reason promotion stalled is the nonsense of the grey market. How can someone make a buy? Those five, ten and fifteen cent trades could be lawyers cleaning estates or likely between some manipulating towards a low price, pretending that ten cents or less is our value. It isn’t. Fact: An existing shareholder added 10,000 shares at $0.50 a share recently.

I am so glad you wrote. I’m with you, let’s get it going!
Mike

[cody washburn]

#6370

all I can say re today’s trade is OUCH! Unless someone was looking to purchase, then maybe they got a good deal…

[Fred Cain]

#6359

Dear “Scoop” and “CW3343”,

During the last few years I was having pretty good luck buying OSTO grey shares through my Vanguard IRA account. They would sometimes take a week or two to resolve but I was getting them nonetheless. Unfortunately, that has been getting harder and harder to do even to the point that I’m not sure I can do that anymore at all. It seems like I’ll put in a buy order Good Till Cancelled (GTC) and it expires again after 60 days and nothing has happened.

I have tried “Googling” for “Buy Penny Stocks” and Charles Scwab came up as one of the best brokers for penny stocks. But when I contacted them and asked them if they would do a certificate for me their response wasn’t so much “no” but more like “hell no”. They’re reluctant to do a cert for any stock but absolutely not for a penny stock. Why? Whatever happened to the old adage “the customer is always right”? If someone is willing to pay for a cert, why won’t they do it?

A few years ago I called Columbia Stock Transfer and asked Michelle if she could tell me the name of a broker who could buy OSTO for me AND issue a cert. She told me of a broker in Idaho (I THINK it was) who might do that. So, I opened an account with them and actually bought several thousand shares from them and later got the cert from Columbia, signed by Michael!
I cannot remember the name of the broker but I do recall that about six months later I got a notice in the mail (along with a check for the balance in my account) notifying me that the outfit had been bought out by someone else and my account closed and liquidated.

So, now what? Are there any small brokers left out there who can do this?

Regards,
Fred M. Cain

[SCOOP]

#6357

Yahoo marches to the beat of its own drummer. Nothing changed OSTO’s market dynamics.

When mine was listed on Pacific Stock Exchange, symbol was OAU, pretty cool, huh…original gold.

Go to schwab.com; research. Enter OSTO. Last price was $0.05. No bid or ask. 52 week range $0.01-$0.20. Mike reported Company Profile/Business Summary needed update. Schwab contractor does it.

[Fred Cain]

#6356

Group,

During the last few years I have been keeping track of what our stock has been doing on the Yahoo! finance page. They give you the price on there that was indicated by the last trade and the date of the last trade. They have also provided me with P/E ratios WHEN and IF they applied.

BUT ! ! ! ! (Big BUT) now Yahoo! has completely deleted the “STO” ticker symbol and will no longer recognize it. What’s up with that? Is this something that Yahoo! took it upon themselves to do or has something more serious happened with our stock?
If the OSTO ticker symbol has been deleted across the board it will become impossible to buy or sell “grey” shares on the “pink sheets”.

Regards,
Fred M. Cain

[cody washburn]

#6358

Yahoo Finance, at one time, was a great site with a lot of good information. Sometime in 2016 they redesigned the whole thing, and pretty much ruined it. (Part of the ruination of the whole company by Marissa Meyer, former CEO). A lot of Pros in the Finance world used it, especially the oil traders – they loved the message boards. The new site was so bad that we did not use it at all. Instead we used Yahoo Finance Canada, which was still the classic version, until they changed that too, then we used Australia. Finally the whole thing changed – now it is slow, too busy, missing info, and is trying to be like Facebook with the stupid videos and “news” stories. I would not expect Yahoo Finance to improve much, especially now that Verizon owns it.

The company’s stock still trades on the OTCBB, under the same OSTO ticker. I think Fred meant that, instead of STO (which was the old Statoil ticker, until they changed their name to Equinor for some stupid reason).

OSTO still has a quote on the NASDAQ website – I did not try any others. There is never a bid/ask shown, but there usually is several – you have to call a trading desk and they could likely provide that info. I feel that could be one reason for the very low trades we see often, at just a few cents per share. Someone just throws on a “market” order, and they get whatever random price someone comes up with.

[Fred Cain]

#6351

Group,

I can tell you what I really like and respect about Michael Miller. It’s his long-term perspective. He didn’t just try to jump in there, make a fast buck and jump out again.

Someone once asked Warren Buffett, what he thought that the best time frame for holding a stock is. His answer was “forever”. That is what an awful lot of people don’t get. Some people who as of late have shown a major interest in the Original Sixteen to One Mine don’t get it either. Because the long-term perspective is simply not there.

This is partly why there are so many abandoned mines in the West. Not because there’s no gold there (or silver or copper or whatever) but because they simply would not or could not try and keep going through the bad years. When gold fell below $280 an once, Mike kept the mine going for a better day Now all we’ll have to do is remove the water in the deeper levels and there will be lots of gold there. Not maybe, but almost certainly.

Regards,
Fred M. Cain,
Topeka, IN

[Michael Miller]

#6333

Your comments are 100% accurate, Karld. (See entry on 12/05/18 below). I’ll add a couple more. Additional comments always interesting and welcomed.

Read their financial statements and check required government filings for accuracy. For Original Sixteen to One Mine, ours are available on the federal Securities Exchange Commission for decades and recently on the website. Only one of the five companies mentioned below have actual gold production. I doubt that 20% of the listed junior companies ever mine gold. Their golden wish is for a major company to take them over. It happens but percentage wise, a rare event.

Another 100% characteristic of exploration companies is their attraction from gold gurus and analysts. Many writers/journalists will make the statement that they hold no shares of the company under review; true, but Aunt Margaret or Uncle Gus do. I actually read drilling results sometimes. Rarely do they tell me valuable information useful for evaluating the possibilities of successfully mining gold. Never do these sharks detail actual costs or time expended before production. There is one exception that I discovered. I actually bought into this Company.

It’s all still good. Many benefits arise from junior gold operations. You know what? With a little tweaking of specifics, these same comments can be said in many other industries; my ongoing motto: Truths like Gold lie at the Bottom.

[Karl Doll]

#6332

The theme of those companies below, and most canadian-listed explorers, is (1) Political risk, (2) longshots, and (3) diluting the shares while the Corporate Officers drill on moose pasture and hope to get lucky. (Meanwhile, they get really good at mining the pockets of investors with salaries, travel expenses and sweetheart share grants and Private Placements. (How is that for a summary of Canadian Exploration stocks?)

[Michael Miller]

#6324

Fred, your interest and intuitions are appreciated. Here’s a short story.

Since 1974, when my attention was first aware of gold, a plethora of related articles surfaced. The early ones are fascinating with concern about America’s gold holdings at Fort Knox, wild expectations and speculations. A significant factor that no longer exists today was the human. Humans were called “gold-bugs” and the phrase “gold fever” was popular. Gold fever usually implied negativity, a condition, like the portrayal of the 49’ers panning for gold in California’s northern rivers, streams and creeks. Whoopee! Eureka! My thirst is satisfied. I found gold!
Gold ownership and pricing was a new financial reality, not possible for Americans until December 31, 1974. It was exciting. Only the “old-timers” understood this change that began in 1933, when federal legislation eliminated us to own gold. They knew gold held some very special values.
California was a hot-bed of mining talk. Most of us had zero experiences with gold but the possibilities for gold, well, were still alive. California has the Mother Lode, the Northern Mines also called the Father Lode and truly a golden history that some treasured or disdained.
Gold received a lot of publicity, appealing to pro and against advocates. Does Brea X ring a bell? The true miners for gold were less than the paper miners, a condition that will never fade. It has a history as it does in other financial pursuits.
I remain ex[posed to a variety of gold stuff. Following is a glimpse of investment analysis from an email only edited to eliminate the names of the “Best Junior Gold Stocks of 2018”. I’ll comment after you read about them and read your comments.

“With the year nearly over and done, we rounded up the five best junior gold stocks on the TSXV by share price performance so far this year. All received high levels of investor interest in 2018, with the biggest gainer being up more than 700 percent year-to-date. Following is the selection.
ONE: gold exploration company with assets in the Central African Republic (CAR),
TWO: company that focuses on identifying, acquiring and advancing early stage projects with big potential.
THREE: exploration company with focus on advancing precious metals projects
FOUR: company that caught the eye of investors when it announced it would be completing $3 million private
FIVE: large land position in the mining region of Venezuela’s Bolivar state. “

[Fred Cain]

#6323

I would like to share from my own perspective here. Yahoo! has a somewhat user friendly finance page that has a field where you can plug in ANY trading symbol and get the most recent quote and/or history. Then it usually saves it so you can easily pull it up later.

Checking this morning, the last trade for OSTO was 10¢. That is actually a huge ten-fold increase over the penny trades that we had a few years ago. Although that might not be much of a consolation for long-term investors who might have bought OSTO years ago for several dollars a share.

But hope springs eternal. Gold is not doing so well right now and yet our shares are up in what is an otherwise down market. That is a good omen. Also, according to our last annual report, this mine is making substantial progress. I am glad I got involved in this.

Regards,
Fred M. Cain

[Karl Doll]

#6318

…and another block of 10K shares at $0.072. I wonder who/why?

[Karl Doll]

#6317

Michael, Yahoo is not a market maker. I was just indicating where I saw the Market Cap number. (FYI: I was the buyer, thru Schwab, and I have a sell order on some of them at $0.118)

[Michael Miller]

#6316

Thanks for this recent arms-length-trade on Yahoo. I didn’t know that Yahoo is a market maker. If the seller had checked with Schwab, he/she would doubled or triples the $$$$. Origisix has more value in its standing timber with a harvest plan for sustainable thinning than the Yahoo market cap. Sigh.

[Karl Doll]

#6315

Market Cap is an even $1M right, on Yahoo, after 10K shares sold at 7 cents today.

[Fred Cain]

#6294

What really blows my mind is that the reference to OSTO on Yahoo!Finance is giving the company an amazing 5.26 P/E ratio. In most cases, a P/E ratio that low would send a strong “buy” signal.

Yahoo! is also giving the company a total market value of $1.434 million. Huh? The tools and equipment at the mine are probably worth twice that. What about the real estate? What about standing timber? Do we own that? If so, I figure the company, even if liquidated must be worth at $10-20 million and that’s a WILD guess.

Then there’s the fact that there is probably $50 BILLION of remaining gold reserves under that mountain.

What does all this mean? I think that at 10-12¢ a share, this security is a real steal. You might even call it a real gold mine. (Bad pun, I know).

Unfortunately, our stock is so thinly traded that it’s hard to buy shares in it and it seems to be becoming increasingly more difficult. I have had open orders in my Vangaurd IRA account for months but don’t seem to be picking anything up. One guy (who is also on this forum) told me in a private e-mail that brokers and finance houses no longer want to mess around with so-called “penny stocks” and the computers aren’t picking them up. To buy or sell someone has to actually call around the old-fashioned way and people just aren’t doing that anymore. Too bad. 🙁

Regards,
Fred M. Cain,
Shareholder from Indiana.

[Karl Doll]

#6250

My new purchase is only 1000 shares, at a cost of $64.95, including commission. Not worth paying for a certificate! I don’t know who bought the othet 17K shares. (9000 more shares were just traded today, at 8 cents. It wasn’t me!)

[Karl Doll]

#6248

Michael, I’m happy to see that you’re willing to add to your holdings! I only got 1000 additional shares ($60) and they’re sitting in my Schwab account. I don’t think they make it easy to get a certificate, and it’s not much money, so I’ll “pass” this time. Thank you! (If I bought all 18,000 shares, I’d research getting a certificate!)

[Michael Miller]

#6249

Thank you for responding. I also have a Schwab account with Sixteen to One shares but most of my shares are with certificates in my possession. How did you execute the order? I will buy the remaining 17,000 shares at six cents with a big smile on my face.

What was the commission?

I’ll place the order and also ask for a certificate. It really shouldn’t be very expensive, maybe $40.00. This is no joke. If you want to write me instead of using the FORUM, my email address is:mmeistermiller@gmail.com.

Please answer at your very earliest convenience. The $1,020 is hot to trot to the seller.

[Karl Doll]

#6244

18,000 shares traded so far today at 6 cents. I bought some of them.

[Michael Miller]

#6247

Congratulations on your purchase (see below). I’ll buy them from you for a 300 percent profit right now. Do you have a share certificate?

[cody washburn]

#6241

Oh wow – that is not the record low, but is still pretty low. Today’s trade, someone picked up a fat 6000 shares for $6, or $0.001 per share.

Unbelievable…

[Fred Cain]

#6195

CW,

I’m a little surprised. I woulda thought that a “junior” miners fund would include such “microcaps”.

Are there any funds that do?

Regards,
Fred M. cain

[Fred Cain]

#6192

Here’s a stock-related question: About a year and a half ago, I bought some shares of a so-called “ETF” (exchange traded mutual fund) known as Van Eck “Junior Gold Miners”

Now for the question: Is the Original Sixteen To One (OSTO) included in this ETF’s portfolio? And, if not, why not and can we do anything about that?

Regards,
Fred M. Cain

[cody washburn]

#6193

Fred – this company’s shares are not included in that ETF. That ETF has various criteria for the components/holdings. Among these are minimum share trading volume requirements that OSTO does not even begin to get close to. The ETF provider has to use stocks that have a certain amount of liquidity so that they can meet redemption requirements without pushing the value of the underlying shares down substantially.

I do not see any ETFs, ETPs, or mutual funds that currently hold any shares of the mine.

Perhaps Blair Hull could buy it in his own ETF? He owns enough shares to be a market maker. (I am just kidding, as his ETF does not invest in individual stocks)

[cody washburn]

#6189

Shares rallied today, up 50%, from 4 cents to 6 cents!

(posted for informational purposes only. I have no other facts or opinions to add regarding this.)

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