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Thank you for the quick reply, I’m not a seller at .50 cents or a $1.00 as the price of gold climbs this company will only become more valuable.
It’s only a matter of time, may the next blast be golden.As considered an “insider” I am not a seller for a dollar so the reference to .50 cents makes no sense to me. Now, a penny? If a penny represents anything of value to our shareholders and company, I cannot find it. My guess is the sale has something to do with a transfer in an estate. The only way the Company knows details about transaction is when the transfer agent reports activity…who supplied the stock certificate and what name is going on the new stock certificate.
My arrogance may be showing should I suggest it is some attempt by people who have no equity interest in our corporation but realize that they should. After all, where can one find a 100 year old American gold operator that operates mines it outright owns, has operating permits and an experienced crew and infrastructure in place? When these reports of penny sales turn up, a comment heard more than once is: it may be lawyers or accountants working to clean up an estate. I feel sadness for the dead person if this is true. He or she wanted to bequeath value to heirs and held the opinion that owning a small piece of a gold mine in California was a good idea.
Another though is that if the sale/purchase was through a stock broker, that company and its broker are incompetent, unprofessional or white collar criminals and the seller should call his or her lawyer right now to seek damages for fraud.
The previous contributor, Mann
should go to the website and
download what is available for
his inquiry, or call the 16-to-1
office for info.Would you give your pink slip to your car or your deed to your home to an investment bank? Then why would you accept their crap to retain your stock certificates?
There should never be a middleman between you and your paid-in-full property. What happened at the brokerage firm MF Global could be the small beginning, $1.2 billion initial customer account loss, to bigger such events to follow.
Mann2900, I cannot add much to what Martin recommended (see below).
You will find the past, which will help you understand risks and rewards; you will find enough about the present to inform you the position of the corporation right now; and you will find the future goals, prospects, dreams, purposes, ideology, paths to success and more placed in numerous locations on this website. Then if you still have questions, write me or call my office. What you may not find on other websites of junior gold mining companies are details about the obstacles facing us. Best wishes. MMM
Hi —
I am potentially interested in buying some stock in your company. Give me a couple of solids reasons why it would be a good investment for me. Include things like your annual profits, dividends etc. Thanks.4650 shares traded yesterday at $0.25
I believe it’s based on the last transaction on the pink sheets, which was 0.10 a few weeks ago. This was for 300 shares, a whopping $30 transaction. These 300 share transactions seem to occur a few times a year, maybe to keep the market “made” at that price level in case a bona fide seller comes along. I’ve had standing bids at .20 and .25 but have had only one fill in more than a year. My broker acct uses the pink sheet most recent transaction as their basis.
Below on 11/09/09 cw3343 brought share ownership by Bank of the West. I tried the SEC.gov site but could not find the bank’s filings. Can anyone find them and see if the bank still owns 22,500 shares?
Now the reason I wrote under this topic. My Charles Schwab statement came today for the period October 1,2010 to December 31, 2010. I own a lot of shares and have the stock certificates in a safe place; however I left 18,510 shares in Schwab years ago to get information sent to me. Today I learned that my Sixteen to One account value started the period at $3,702 and ended the period at $1,851 or $0.10 a share. Where can I find sellers at $0.10? I’m a buyer.
I finished reading entries in this long-standing topic. Is Schwab part of the gray market or the pink sheet market? Where was the $0.10 price recorded? Answers anyone?
Thanks, Martin for your confidence. There will be a solution. It’s like finding gold when you have a detector signal. The miner knows he will sack high-grade but not how much. The company will get a proper market for our shares but we just don’t know the timing.
John, why did you write this post on the Sixteen to One FORUM?
Penny Stocks bring high returns on investment. That is why people who know the value of these stocks invest their money in certain shares of stock. Actually, instead of investing a huge amount of money to a single share of stock, investing in a multiple stocks is better. Whenever possible, investing in solid stocks increases the chance to get profits.
http://www.ninjapennystocks.com/It really is lousy that the
closing of the Pacific Exchange
caused the company problems with
the creation of the “other” mar-
ket. One of these days Mike, our
President will find a solution.
He is pretty clever!!Here we go again with disbelief about how OSTO shares sell in regulated public marketplaces!
An existing shareholder wrote this week that his standing order to buy OSTO stock was filled at $0.15 a share (3800 shares) with Ameritrade. His pal called to report that he bought shares at $0.25 with Schwab. Other shareholders have standing buy orders with brokers at higher prices. The last actual trade our company handled for a seller and buyer went off at $0.60. In this case, as always, the seller sent his share certificate to Alleghany and the buyer sent her money. After the transfer agent got all the information, it sent new certified stock certificates to each party. It is like getting a deed to the property you just bought. That is what a stock certificate represents…ownership.
I called the lucky buyer. He is elated to get such a bargain. He had forgotten his standing order and was surprised to learn about his new addition. I encouraged him to order out his shares, which he said he would do. I asked him to tell his friend to do the same and let me know when the transfer is completed. If you are unaware of the trend in stock ownership, it is to eliminate stock certificates for all companies and just have a data entry to prove ones ownership. The movement is on a fast track.
I hope to hear from the buyers when they get the certificates. I will then go to our independent transfer agent to identify the seller. It will be thrilling to tell the seller that his broker screwed him out of $1,710. His $570 check could have been $2,280.
Why does the stock brokering industry and public companies lead this movement to eliminate stock certificates? Stock certificates have a tradition of artistic beauty and value. Many people collect them. Years ago some shareholders joked with me that everyone needs a worthless stock certificate hanging in their office or playroom.
Stock certificates mean a lot more to the financial industry and individuals than an barbaric paper trail. Stock certificates lessen fraudulent manipulation or manipulation that may not be illegal but not disclosed. Have any readers ordered an Original Sixteen to One Mine certificates and struggled to get results?
I also personally sign each certificate. So does the corporate secretary. The Wall Street Journal could do its readers a real service to do an in-depth analysis of this issue. Will our stock investments be more secure when all certificates are a thing of the past, an old relic of yesteryear? I think not. How about you?
To Investor:
I kind of thought the same thing years ago, as far as “fake” gold companies. But then I bought some shares and went to the annual meeting. If you make it up here, be sure to attend the meeting. You can tour the gold mine and it is an experience that you will never forget.
They also own the Brown Bear mine, which is not in operation, but used to produce quite a bit…Mr Miller,
thank you for your new message. I am very positively impressed about what I see here. This very vibrant forum shows the good substance this company has, instead of some other companies, which, even better evaluated, are just “fake” companies. Your very expressive message also make us to think about it. I will certainly stay involved.
Best regards,
To Investor,
Thank for your added comments yesterday. My brother lives in Quito, Ecuador and is here with me in Alleghany for a short time. I’ve traveled in his home country for thirty years minus eight years when he return to San Francisco. I also visited Chile, Argentina and a brief stop over in Peru. I was invited to take part in a gold mine 25 years ago. I declined for several reasons, including labor concerns and security matters. Foreign operators in Bolivia and Peru have had problems with the mines. You live in a great country with much to offer future generations. I’m glad you found this company and you are fortunate to have purchased so many shares for next to nothing.
While the United States, especially California is over reacting to self centered environmentalist and the Sixteen to One faces unreasonable challenges from time to time, our situation is quite positive overall. Some of my mining friends agree that California is the most proven gold belt with the least mining activity in the world. That’s a reality worth considering for careful investors.
You are right: few people know about the Sixteen to One. I do like Wall Street and know its importance to our culture and society. The Company was set to join the American Stock Exchange with Spear Leeds as its specialist years ago. We were quite excited but an unusual fabrication was presented to the SEC about one of our most famous gold specimens, “the Whopper”, which led to an SEC investigation. Nothing was wrong but it clouded our admittance to the exchange. The SEC never answered our requests for the identity of the liar who caused us the problem. So, Wall Street should be our friend.
Analysts, stock promoters, investment advisers and brokerage houses are very useful to all companies. We chose years ago to play the game straight up. It may hurt our public marketing program but it continues to be the preferred way we conduct our business. I could tell you numerous stories (true, of course) about the junior gold paper pushers, which serve us no purpose. Honest promotion is well respected in old school mining teachings. It is a necessary part of the management for there are times, such as now for the Sixteen to One that an infusion of working capital is necessary to pick up the pace for gold production. The company with 82 million outstanding shares is being manipulated. Buying stock low and selling it high may be the only reason some investors plunge in. We really are gold miners. We’re gold miners because our gold mining properties really have gold. It may take a little longer but when we are funded, even with the modest amount currently sought, the results should sprint past all those gold companies pushing moose pasture, uneconomical “reserves”, and bought analysts, promoters and newsletter writers.
I have contacted Investment Bankers, venture capitalists, natural resource brokerage houses and start up companies with cash and no property worth a nickel. Whether is is uncertainty, or some other reasons, I cannot gain an interest to even check us out. Something is wrong with the present and future for gold and specifically our Company for the lack of interest. It could well be our approach. It could well be our management.
Like you, I too would like to see OSTO “more actively marketed in financials”. No, “people have just forgotten it” as you close your last entry. People just are not aware that it exists. People who know the Sixteen to One usually never forget it. Stay involved.
Thanks
No need to be rude,just wanted to know the Country so I could see if you had any gold mines in your neck of the woods to take advantage of.If you make a killing off my Country and State good for you,I am making a killing right now off of JAG,COLUF & a few others in your Country.I like Brazil and plan on traveling their in the future.More power to you,but if you spent some time researching the mines in your Country you might have been better off,California will not let us mine our gold without a fistfull of lawyers your Country will.
Again more power to ya.Very interesting that the last large trade was a non-USA investor. Thanks to this person for letting us know what is going on. Can’t blame him/her for buying, if the firm filled the trade isn’t the investors fault… INVESTOR-I respect your right to keep the brokerage information private. It really would not matter much. I was able to buy shares once at .05-10 per share a few years ago…
At some point I will get around to seeing if I am able to issue the shares out.One thing I noticed, per Bank of the West’s 2nd quarter 13f filing, is that they are sitting on 22,500 shares. These shares were not on thier filings from a year or so ago, so it must be a relatively new holding. I am waiting for them to post the 3rd qtr filing, to see if the shares are still held.
Anyone can look up this public information on SEC.GOV website.Reason I bring this up is that, a few years ago, Bank of the West had a large position like this, and dumped it. But we do not know what price, or when they sold. Other reason I bring this up, is that Bank of the West is owned by BNP Paribas… Not trying to infer anything here, it is just a interesting observation on my part.
I am not interested in what you are thinking.
No problem in telling the country: Brazil.
The brokerage firm I will not disclose.
Investor
Could you please tell us what Country your living in,and what respected brokerage filled you order.
ThanksRockroby,
I chose 16 to 1 because, after analyzing micro-caps gold mining companies, it is far the biggest bargain, the cheapest one.
Regards,For those others who feel touched by being quoted, please consider that one can be aggressive without directly quoting the other person. I think that is the case of the message which I refuted erroneously. Depending on me, let’s just forget it. White flag.
If I am to be quoted on this board, I would appreciate it if I am extended the same courtesy that I extend to others when I quote them by not changing the words around and in the same breath extending inappropriate advice.
Investor
I do think you got lucky and got 47,000 shares for the price of a medium pizza.Could you please give us a little more information,like what well respected brokerage house you made the trade with?and what country are you from?what made you choose the 16 to 1 instead of other producing miners?
I myself have looked to the past and have seen the same things happening just like 1979(when i was young,dumb & poor)so I have been dumping all the cash I can get my hands on into gold and silver companies.
Like IAG,EGO,GSS,NGD,NXG,JAG,RBY and the list goes on 42 in all so far and would like a few more.
I have shares of the Sixteen to One Mine on both my UBS & Etrade accounts and will be sending them $2,000 soon to get some certs at home so I can put them with the gold and silver I have in a safe at home,might pull some of my others out to get physical shares I can hold myself.
I myself can’t get a buy through Etrade right now even at .55 cents for a thousand shares and if I go through UBS it takes time but will go through at anywhere from .05 too .45 cents(have too many shares in my UBS account)
I think most of us involved in this company would just like a little more info on the trades you made.
Thank YouInvestor
Bluyjay was right,he only said you got one third of 1% and not sure what the problem is in telling us what Country you’re from and what brokerage firm you used since your the one who brought it up.Starting to sound more and more fishy to me.
Please explainMr. Miller,
Thank you for your message. I really appreciated it.
I really do not know why foreigners are not calling America’s oldest gold company with buckets full of dollar. Maybe they do not know it exists.
I work for myself. I do not represent any kind of group supposedly able to heavily invest in a mining company. That is why I fear I am not able to find some other foreign investors to do it.
Nevertheless, I can tell you some subtle impressions from one that just came across this bargain through internet searching.
First of all, this company certainly has a “charming” appeal: gold mining is fascinating and impacts the subconscious of people. Communication, as a whole, also seems to not be a problem: you have a very good website. So, what is wrong? Maybe the suspicion that all of you show in your messages against “Wall Street” precludes you to search financial professional help to better evaluate this company. If you do not like Wall Street, why not Toronto?
I certainly not believe in a “perfect marketplace”. There is a joke about two economists which see a gold coin on the ground and do not bend to catch it, arguing that if it were real some one would have taken it before. The same occurs in Stock Market. The examples I mentioned in my first message are absolutely real. When I used to negotiate stocks only in my country, there were only 300 companies to choose. When I decided to start to analyze American companies, I was introduced to a universe of more than 10,000 different public companies. I guess it may occur that some of these companies are so “forgotten” by analysts as it causes the incredible to occur: the whole company having a market value of an old car.
In order to change it, I encourage you to contact any Investment Banking. Maybe they present you a plan to increase the market value of the company to a more realistic value as it enables the company to really go public in a follow-on stock issuing, picking up the so needed resources at a real pricing. The valuable assets that you mentioned in your message may be the support to fund it.
I cannot answer to you why the start Gold Corporation with 82 million outstanding shares, no operation and questionable assets, as you said, has a market cap of USD 101 million. Maybe the stock promoters were competent to do it. However, if you disregard completely “stock promoters”, please do not complain about the reality.
When you just go across CNBC Stock Screener (http://www.cnbc.com/id/15839076/site/14081545/), create a custom screen and selects “gold mining” in the option “industry” in the category “company overview”, you obtain 181 matches. If you rank them by crescent Market Cap, you will see “Batavia Mining” and Bolivar Gold” with no market cap and Original Sixteen in third place with the “incredible” USD 2.67 k Market Cap. In the other extreme of the ranking, you will see as the most valuable gold companies Barrick Gold (USD 44 billion), Goldcorp (USD 32 billion) and Newmont (USD 23 million). I am saying that just to tell you (what you probably know) that the intermediary positions are occupied by all kind of gold mining, but much of them are negotiated in Toronto, which is the specialized Stock Exchange for small and pre-operation gold mining companies.
Just to sum up, I would like to see the Original Sixteen to One Mine, Inc. more actively marketed in the financial markets. It seems that people have just forgotten it.
Best regards,
To Mr. Bluejay, please just study math. 47,110 shares are not 1/3 of the company. It is only 0.35% of the company.
The information submitted to our forum page concerning buying 47M shares for less than $10 is highly suspect. Sorry, I don’t believe any part of it, nor do I believe any real trades took place at the suggested price of $0.0002.
How can this person buy at such ridiculous prices when there are bids from other shareholders at 10 cents and under in NY.
This whole thing is a fairy tale of buying a 1/3 of a percent of the company for about 10 bucks.
Sorry, I can’t swallow any of this. The only way to buy shares this way is to be a registered trader or market marker for the 16-1 in NY. Why would a registered trader ever permit a customer order to buy so cheaply? Just think about it, what is the lowest price any shareholder paid for our company’s stock in NY? Was it ever $0.0002, of course not.
That’s what went down,someone in a different country got lucky and ended up with forty seven thousand shares for the price of a medium pizza.Those shares should have cost him $20,000 plus like my shares cost me.Instead of bragging about it he should send the company some cash if he expects it to get back to mining.
Mr. Miller,
please let to introduce me. I am a foreign investor who understand that, despite recent problems your country faced, YOU still live in the wealthiest, freest and most powerful nation on Earth. The fact is that the problems U.S.A faced generated one of the best opportunities for foreign investors ever to buy stocks in America. Just in last February, for instance, if we consider market value, a company like Dana (worldwide leader in some autoparts), with plants in 70 countries, was evaluated at USD 20 million. Or a forestry giant like Boise, achieved at the bottom a market value of mere USD 1 million.
Certainly no one could be able to buy these companies at the prices above mentioned, as the shares of these companies sold at so incredible prices would be maybe 1% or 2% of total shares. Nevertheless, if someone was wise enough to acquire 1% of Dana for USD 200,000.00, he would now have a small fortune of USD 6 million. Not bad a 3000% investment in 8 months…
That is just a real example. Your job of researching gold in the mountains is very respectful, but please do not disregard the job of those, like me, who deeply dig in financials, statistics and stock screeners to find a real undervaluated jewel which is supposed to become a multibagger investment. Great people like Warren Buffet do this all the time and are very respectful. If I bidded orders at fractions of a penny and was attended by the seller, good luck for me. The reasons hold by the seller to do what he did is not my problem at all.
As far as I know, too, naked short selling is forbidden in USA. If some one did this, it is also not my problem. I just bought 47,110 OSTO.PK stocks through a solid and respectful global financial institution and consequently I am legally entitled as the owner of them.
If I get to buy more, that’s better. If not, I am satisfied of being the owner of 0.35% of the Original Sixteen to One Mine, Inc. and have no intention at all to sell it at some cents. If this company gets better evaluated at stock exchanges, maybe I will sell. If not, I am very glad to remain as a shareholder (at almost zero cost) of a company which I see has much history and a very interesting website. The current disclosed financials are weak as you know and I really expect you and other executives could do your job and manage to improve them.
Best regards,
To the new foreign investor (see entry below).
I appreciate your logic and the time you spent telling our web readers about your successful purchases. It totally baffles economic/investment/speculative thinking that foreigners are not calling America’s oldest gold company with buckets full of our much-needed dollars. Can you offer an explanation?
Management has always treated its first corporate duty as the gold mine. This has been consistent sine 1896 when the Sixteen to One vein was located. Nothing has changed in over 100 years. The next duty is to grow our mining assets, which also has continued over 100 years and up to our last acquisition in 2005. Next comes profitability and marketing gold, which leads to cutting dividends. (Remember that in the USA a corporation will pay a tax and each shareholder will also pay a tax, so shareholders face double taxation.) A dividend in gold is a real possibility with this Company.
Besides the tax consequences, another way for the corporate owners to take down a profit is to sell out of the company, thereby giving up the prospect of dividends. When I hustled proxies between 1975 and 1983, shareholders repeatedly told me stories about how much the annual dividend check from the Sixteen to One helped them through the depression and other hard times. I believed their stories because the Company’s records prove it was a generous payer of dividends. Creating an honest (if possible) marketplace for buyers and sellers to barter a price is one of management’s high goals. Why? Two reasons drive this objective: our treasury shares (unauthorized or unissued) become a tool for the Company to grow our assets without dilution (if management is smart about negotiating for new assets). The 100-year history of the Company indicates that its management has been very smart in dealing with its treasury stock.
With regard to our weak financials, our balance sheet is horribly unrealistic. There is nothing management can do about challenging GAAP and its guidelines on booking asset value. Our properties are booked at ancient acquisition prices; standing timber, water rights, gold inventory values, capital improvements, goodwill and more are either non reported or terribly understated. Many small gold companies misrepresent their worth. Right now a start up, public traded gold corporation with 82,000,000 outstanding shares, no operation, $300,000 of questionable assets has a market cap of $101,000,000 (shares outstanding times share price). Stock promoters have pushed the share price above $1.24. What a joke!
Management is not hanging around Alleghany, wringing its hands in despair, spending dollars unwisely or drinking all the beer, wine, vodka or whiskey in town to wash away the blues. Frustrated, yes. Not sure how to meet some real investors who have the ability to smell a hot deal and jump on it before some other smart investors take action would be an accurate appraisal of the times, yes. Damn, gold over $1,000 an ounce and likely to go higher. Damn, where have the adventurers gone? Have the gold bugs of the 1970’s and 80’s all died? Are they extinct or just endangered specie sulking in fear? Do the youthful capitalists think this attack on the dollar will vanish?
I like what Rockroby wrote. Instead of sending the Company your cash, find us some foreign investors, people interested in joining this gold mining operation. They will never regret it and all shareholders will high five you at the next annual meeting in Alleghany in June. I’ll be at the front of the line.
You are encouraged to contact the broker and order out a stock certificate to protect your investment. It will be personally signed by me. Regards.
The “market makers” seem to change. My broker, a resource specialist, says there are usually two for OSTO but they seem to drop in and out. I’ve had standing orders to buy anywhere for .10 to .30+ for over a year now but have only had one fill for 3,000 shares and another one for 10,000 over a year ago. Despite the standing order we see these occasional deals take place for under a penny. My 3,000 fill was the day after someone a trade at .10 or .12, but why didn’t they sell to me when my bid was twice that? Liquidity is needed via listing on a recognized exchange (Canada?). In due time once we get the investor(s) we need.
I have a few shares that I bought for I think 10 cents each, held at major brokerage firm. I am going to try and issue them out, and will let Mike know what transpires…
Perhaps a saving exodus, if we can actually get Arnold’s attention, would be a sad state of affairs. At this delayed point it continues to be the focus point of everything the current AG of CA can’t even “see”….
Jerry Brown, why have you disregarded this blatant crime? Is it because your Governor hasn’t mentioned it? Have you been bought at the switch?
Mr. Governor, do not look away any more.
What engregious water violations did our company commit? The answer to that is zero. Environmental water standards were set-up to safeguard State water quality and to preserve its resources. The standards weren’t intended to be misused in the process by someone behind the curtain influencing State employees to cripple our company to their advantage.
Martin Armstrong has mentioned several times in his writings that improper inforcement of rules and standards set forth to protect society are many times employed just for political ends of serving an agenda for that someone behind the curtain who has the money and influence to pull those strings.
It seems to me that our government is generally behind the dislike of the French who are actually feared by their very own government. The French will only take so much from these people. The government obviously still has vivid memories of how the French Revolution ended, with the beheading of many officials.
In our country crime against the people pays well. Not only for the banks but as reported tonight by Andy Rooney on 60 Minutes, the participants in the health care system steal billions upon billions of dollars each year from us.
Gerald Celente says that when the people have lost it all as a result of government mismanagement, they themselves will lose it. Americans are armed today better than anytime in its history. Gerald Celente is predicting a revolution in this country is on the horizon.
By the end of this year our country will be poised to enter into the period of hyperinflation. Hyperinflation’s prerequisite to begin is when any government’s deficits reach 40% of its expenditures. By end of year Peter Bernholz of the University of Basel, Switzerland predicts our country’s deficits will be at 40.1%.
In this projected scenario one of the best places for your money is to be invested with producers of commodities, like gold miners. Is there any wonder why financial pressure has been brought to bare on us in the past and the present?
No matter which way anyone looks at it, we have been targeted. I think I’ll write Arnold and tell him I suspect some funny business at the Water Board.
Could this be the state of Calif selling stock from closed safe deposit boxes. (if you do not check your safe deposit box for 3 years the banks turn it over to the state)
They would not know but to sell the stock on the gray market and probably don’t care how much they get for the stock.
Or they may know what its worth and are trying to screw with the mine.Might it be the same people who have tried to get the mine shut down?if so they should all be put in prison.
I’ve been pondering today the 29,100 reported transaction of our shares yesterday at $0.002. The total value of the trade was $5.82. Now, who in their right mind would sell 29,100 shares of the company with strongly inferred gold in the ground on all our claims for the equivalent of a medium sized hero sandwich?
Has someone completely lost their senses? The largest gold pocket ever extracted from the Sixteen to One Mine was 89,000 ounces, or at tonight’s last gold price of $1063.30, a grand total of $94,463,700. Is this insane or what? Did someone need a tax loss this year to balance against a sizable gain? The chances of that are slim, at best.
So, could it be true that someone entered a transaction into the grey market reporting system that was erroneous? Why would someone do this? The only reason I can think of is criminal intent.
Mike has told me that he personally signs each certificate to keep a close eye on the buyers. He also told me that our transfer agent is not seeing certificates coming in for cancellation or requests for the issuance of new ones to account for past transactions in the OTC market in New York. So what gives here if the grey market is facilitating reported trades in our company shares but is not the source of certificates or for any requests for new ones?
Everyone I suspect has heard of nake short sales. These are sales where the seller never delivers certificates and buyer never receives them. These so-called trades just never get settled and continue floating around as paper entries only. So in essence, the naked short seller is an illegal issuer of the company’s shares.
The brokerage firms once had the practice of delivering the certificates to owners for no charge. Now these same firms discourage owners from taking physical delivery by charging excessive fees. Some transfer fees are as high as $250 each.
Not to get off the subject but the banks today own brokerage companies. By discouraging your having your certificates they keep them, use them for assets on their balance sheets or just intermingle the assets for their own puposes. I would like to state that you should never let another entity get between you and your assets or your money. A good reason for this is because of the expected financial and currency upheavals that are sure to come in following months or a few years ahead in time.
Aside from naked short selling, these crazy low priced so-called transacted prices in our company’s shares may be representing something evil. Large connected pools have been used over the centuries in markets for scaring people out of their stock ownership because the shareholders had in fact became fearful over extended dropping prices.
Could the reported transactions of $0.0002 and $0.0005 be unsettling your nerves? Well, if they’re not and you know your asset’s current value and its potential for much better days, they are meant to.
Let’s consider a hypothetical scenario that may satisfy someone’s curiosity just to think it over as a possibility as why these low prices do get displayed with some apparent justification. Let’s say a behind the curtain interested buyer for the Original Sixteen To One Mine wants to acquire it for pennies on the dollar. How would he go about this. Well, there are ways if you are so inclined:
1- Get a newspaper or a magazine to write a negative article about the company.
2- If the stock is followed by analysts have them write up something, again, negative for the brokerage companies, banks or investment funds to read.
3- Contact State and Federal regulators and put the screws to the company with negative accusations. Lobby those regulators to insure they really get aggressive with the company.
4- Contact the State Attorney’s Office or the Justice Department pointing the finger at the company as being an evil doer.
And finally:
5- Pay someone employed by a brokerage firm to put up fictitious stock prices on the company’s shares. Have them register as a market maker for those shares. The more inactive the company trading the better. Since brokerage firms, to a large degree, are self regulating then there will always be a door open for criminal activity, just like the banks and the regulators got caught with their fingers in the cookie jar over all their specialized paper trading vehicles and the aftermath that was billed to the American people when the involved players should have all gone to jail. The white shoed boys were supported by Alan Grerenspan years ago to regulate themselves, But we can’t put the white shoed boys in jail, can we, say our representatives or we would be giving up our lobbying favors.
The reason why shares are supposedly traded lower in New York for practically zero and there is no effort EVER at arbitrage for profit in our higher local company market is for a very good reason, THE SHARES CAN NOT BE DELIVERED making the New York market a complete sham.
The current 1630 shareholders acquired their shares by various means. Here is how I became a major shareholder: purchases beginning in 1975 to 2009, inheritance in 1980, compensation for no paid salary. Spending dollars and labor (mostly between 1983 to 1986, when the company had no or limited income) were my choices. I bet my well being on the fortunes on this gold mine.
Between 9/16 and 10/21/09 . . . 40,857 share traded for the price of a large pizza. Something is seriously wrong. If left unknown, the results will hurt the Company and therefore its owners! If, as suggested below, this unquestionable stock manipulation with such a small Company is an evil design to destroy the Company. It will not succeed. It hurts but the company, and yes, its world-class gold deposit will not disappear. It is painful. It is unwarranted and unwanted. It obstructs our ability to operate, as it falsifies the realities of our past, present and future.
That 89,000-ounce pocket isn’t the only one left in this mountain. Even a modest 10,000-ounce concentration will gross over $10 million at crush price, much more as it goes into the demanding jewelry market. Here we sit! No wonder an aversion to gold mining dominates investors. Many good people are suffering without a job and the honest ‘production-of-value’ they perform.
The Wall Street Journal is a good place to daylight the darkness surrounding what Bluejay opined below. This tiny Company could be the tip of an iceberg of fraud that permeates the brokerage business and the accounts holding your earnings. The evidence is irrefutable, and as George said, “It’s a game of words”. How many public corporations have more shares floating around in accounts that exceed their outstanding shares? Is some agency able to keep track of the volume on all the stock trading markets, as volume climbs into the stratosphere? I do not think so. Do you?
We (everyone intimately knowledgeable about the Sixteen to One) know that its mine is far from depleted. It is a fact and provable. There is good evidence. Some of us believe that California still hosts fortunes in unmined gold.
Yesterday, Governor Schwarzenegger signed legislation to improve the chance of California landing a professional football team in Southern California. The reason?? The legislation removed costly and lengthy environmental gobbledygook of no or little environmental degradation for building a stadium. Job creations were a positive factor the Governor considered. How about a look at the California gold industry and while at it, start with the Sixteen to One in Alleghany? What a whiney society we have become! Well, how about change. One way out of our economic melt down is to resume producing products of value, such as gold. We shareholders have it. Our management knows how to get it. Let’s roll for those who rolled for us in the past.
Bluejay, your observations below struck me like a drill bit hits quartz. I’m so pleased to read your thoughts today. Who would sell shares for $0.0002? Let me tell you about a call I received from Bill just before seeing your entry. He is not a shareholder but asked how to become one. He has no stockbroker and wanted to know what to do. The only option for this man is our Stock Market on this FORUM. I had not looked at it in months but saw 5,000 shares were offered for sale in March at $0.45.
Bill was gracious, knowledgeable about gold and offered his observations about the Sixteen to One. We talked about other gold mining opportunities for investors. He said, “You, the mine and the company have substance, positive past proof of results, prospects for technological advancement and calculable risk with huge upside. You’ve persevered through many obstacles. Great success awaits.” Sounds like a fortune cookie insert.
Bill recognized what improved metal detectors will mean for the Sixteen to One. He pointed out how much more gold we will produce from our mine. I explained that funding was the only obstacle for us to complete a better detection system (which will be owned by the Company). He realized what a significant tool this would be throughout the world and its financial benefits to shareholders as we explore other gold deposits.
It is so refreshing when a stranger expresses what those most intimately involved are positive about. Bill said to keep working, somebody out there will eventually awaken to the limitless money making opportunity that exists with our company.
Thanks for taking the time to tell us about this awful sub-penny treatment of Sixteen to One. I found your story very upsetting, especially since there seems no way to stop it.
I have been around closely observing stock activity for some amount of years now and know well from experience when prices get extremely over-priced and under-priced. I could cite from numerous occurrences when these events took place.
Today, our shares are being traded for $0.0002 in NY in the obscure dark corners of the OTC market. In the past few days a few thousand shares have traded at $0.0002 and $0.0005. Today, 29,100 traded for $0.0002. If I may say so, this is a complete absurd joke compared to our break-up value guesstimate of $20 million along with placing ZERO premium on the shares for future prospects. What a joke! Our company, more than likely, has more upside leverage than any gold related company in the market today. You know why, because there aren’t too many eyes on us. The only ones, it seems, are government recruits from Camp Darth Vader.
The 16 to 1 mine, alone, is worth anywhere from $13 million to $15 million and that was when gold was lower according to a professional familiar with the Alleghany Mining District about three years ago, or so. Sure, we have some debt(along with misguided State employees swinging hammers at our shareholders) and are attempting to get some funds for further exploration but what exploration company doesn’t go through these cycles? We are a different type of exploration company, we explore for and we locate gold, not just drill and log core samples. So we are a gold exploration company that gets paid off fast when we locate the small little mother lodes in exploraing the old 16 to 1 mine workings, which she has been providing us and others for years. Is the gold gone? Don’t bank on it.
As gold goes higher in the years ahead, someone with a head for future business profits will come to Alleghany and sink millions of dollars into pulling the gold out of the mountain. Maybe, someone with a vision like Rob McEwen makes his appearence in the District and turns everything upside down for the better.
The fact is that over a million ounces of gold have been mined alone from the 16 to 1 Mine and it RESIDES in the midst of other mines in the district that have cashed in their total gold production far in the excess of $1,000,000,000 based on current prices. Yes, that’s a billion dollars. AND some ignorant fool wants to sell shares for a phantom price of $0.0002????
Do you really get what this price means? It means at this level you can buy 1,000,000 shares of the company for $200 or the entire company for about $2600.
So, with the last sale in New York of $0.002 versus a breakup value of at least $1.00 a share IMO you tell me, has there ever been a better buy? Unfortunately, you and I can’t purchase the shares at these levels because we don’t possess a license to steal.
My idea is to enter buy orders at $0.01 and up and see if anything happens. It probably won’t, as the grey market for our shares in New York is a maintained slaughter house for the public.
I agree with the last post, and will add that some of the OTCBB trades are still doen the old fashioned way – over the phone between “dealers”.
Also, trades could be done in-house, where the stock is bought and sold between 2 clients of the same firm, where they can put in any buy and sell price that they wish.- AuthorPosts
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