Sterling Mining Company

  • Hallo Tschonko


    Der Bericht sagt kauft Leute, ich habe mich angemeldet und denen meine Aktienbestand mitgeteilt.
    Bin gerne bereit zusammen mit Euch was zu machen aber es schaut so aus es interessiert keinen bis jetzt. :(


    Ausser du und ich hat keiner seine Meinung bis jetzt geschrieben.
    Braucht ja nicht viel sein, halten, kaufen, verkaufen, legt sich schon,sche..., weiss ich was. Der Streit stoert gewaltig und ich bin mir sicher das die 5 USD in drei Monaten zu sehen sind wenn man Naegel mit Koepfen beim meeting macht und dann alle zusammenarbeiten.
    Was mir nicht gefaellt ist sind die Beschimpfungen der Gegenpartei des Managements von Sterling. Die gehen zu weit IMO und das macht die Sache noch schlimmer. Irgendwie traue ich der Angriffspartei nicht vom Gefuehl her, wer ist der Typ der die Regie fuehrt eigentlich.?


    Vielleicht gibts das Interview im Silbervalley Report mit Bob Hopper, den seine Meinung moechte ich gerne wissen.


    Ich wuensche Dir eine gute Fahrt nach Minga, komm nicht ins schleudern. Enjoy the show, ich waere auch gerne dort und haette persoenlich Hallo gesagt zu den Mitgliedern des GS Forum.


    Berichte mal wie es war naechste Woche.
    Kannst mir nochmals eine email schicken, beim letzten PC crash ist deine email auch verschwunden.


    Am 7 December gehts bei mir ab,bin dabei alles fest zumachen falls ein Sturm kommt.


    Pfirty


    XAX

    • Offizieller Beitrag

    Nabend NPG - Comrades


    Halte Eure Aktivitäten für anerkennenswert,hab das auch kürzlich Tschonko mitgeteilt.
    Habe auch alles bis soeben alles verfolgt.
    Sehe mich da als zu unbedeutend,gebe auch seltenst persönliche Daten her.


    Bin bei dieser Aktion drum nicht dabei,bleib aber investiert,trotz erheblicher wachsender Zweifel.


    Grüsse


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.

    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann

    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

    • Offizieller Beitrag

    Aladin


    Sorry: so gehen einem unsere Sorgenkinder schon durcheinander:
    Also . SRLM - und NPG - Comrades. ;)


    Das mit Goldy ist gediegen,PR wär nicht schlecht. :]
    Für ihn.


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.

    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann

    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

    • Offizieller Beitrag

    Da hoffe ich für uns hier,daß Du da nicht hinlangen mußt. ;)


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.

    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann

    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

  • Ich hoere gerade bob hopper und david bond, die glauben das silber in den naechsten zwei-drei monaten auf 10 dollar geht und die inflationszahlen die von der regierung gesagt werden eine grosse luege ist. Wir sind jetzt schon in eine hyperinflationsphase in den USA.
    Kein wort ueber sterling mining, vielleicht das naechste mal.

  • Goldy, die Zeit ist schnellebig. 1 Seite zurück steht:
    Goldy,
    das ist vollkommen richtig, dass du gesagt hast um 5 ist SRLM wieder ein Kauf. Kann mich noch genau erinnern.
    Ich habe geantwortet, dass ich dann schon viel gewinn draufhabe.
    Also war dein Beitrag kontraproduktiv.
    Wenn sie nicht pleite gehen, dann wäre doch ein Kauf vor 5 schlauer.
    Meinst du nicht auch, goldy.


    Bei ALMI hast gesagt 0,9 ist sehr sicher, da kratzt sie jetzt herum.


    Goldy, was anderes, sag mal wie weit SRLM nach deiner Einschätzung noch fällt., sie einen Boden findet.
    Das fände ich einen konstruktiven Beitrag.


    Tschonko


    Aladin, edelman,
    es genügt ja, wenn Aladin od. ich denen schreiben....
    WER HAT NOCH SRLM??
    und mal sagen, dass wir in einem Forum in D sind und ca. 200000 shares haben. da sit schon was für die Proxyabstimmung.


    Edelman. du brauchst dich nicht anmelden bei der Seite.
    Wenn du aber Abstimmung mitmachst, musst du immer shares u. broker angeben. das ist nichts anders wie bei einer Wahl.
    Hier zu schreiben, ist viel gefährlicher, weil deine URL im Server gespeichert ist und auch überprüft werden kann, wenn hochsensible Wörter fallen. Ist aber nicht so wild.


    Man muss eh mal schauen was de Motte will am 21.12...
    aber das war mal ne frechheit, was er sich geleistet hat bei der Verschiebung.
    Der soll ruhig mal Druck kriegen.
    Wenn Friede einkehrt am 21. oder Palastrevolution stattfindet, dann ist der Weg frei.


    Lest mal selber auf der Seite, da sind schon wichtige sachen dabei.


    Aladin, machst du auch die Erfahrung, dass die kan. broker immer deppater werden?
    Höhere Gebühren. Und zum 2. mal ist es mir passiert, dass ich eine Aktie trotz Limit zum Schlusskurs nicht verkauft habe.


    Dass ich SRLM nachlege, steht fest. Muss erst Geld herbringen.
    Niederer 2er bereich. Das wird mein 2. Cabo. X(
    Die Positionen sind einfach zu hoch im Verhältnis. Wenn ich die einfach hab, ist mir das wurscht.


    Grüße
    Tschonko


    Hier noch die Vorgangs weise de Mottes (ganz unten!)


    From Magic to No Can Do
    How could so many shareholders get it so wrong when it comes
    to evaluating management? Most of them remain in the dark,
    some willingly. Can you afford to?


    As we do elsewhere in this website, we find it necessary to inform other shareholders that http://www.savethesunshine.com was developed and is currently administered by a Sterling shareholder who is also an investor in Silver Valley Partners, LLC, which is involved in federal litigation against defendants Ray De Motte, Carol Stephan and others in which fraud and other misconduct is alleged. This litigation, as can be expected, has a direct bearing on the opinion of the plaintiffs (Silver Valley Partners and others) with respect to the defendants (Ray De Motte and friends), some of who are involved as directors and members of Sterling's management. For the plaintiffs, the lawsuit should be sufficient reason to want the removal of the defendants as stewards of a company in which many of the plaintiffs still have an illiquid, restricted investment. But because the American judicial system provides a framework in which innocence is presumed until a defendant is proven guilty (which we are grateful for), the plaintiffs can't very well expect that other shareholders will be swayed, sight unseen, by the evidence, experience and conviction that the plaintiffs plan to lay out in court, and only in court, in their pursuit of justice. What should perhaps be of concern, however, to shareholders who are not plaintiffs in that lawsuit and who have not been personally defrauded (at least not to their knowledge) is the consistent pattern of behavior that can be easily observed by anyone possessing only one good eye and one good ear. It doesn't take two years of close business dealings to figure out that something is terribly wrong.


    The Magician


    One of the funnier things we've heard about Sterling's top management (President and Chairman Ray De Motte), is that he is a "magician". Now there are certainly magicians who can seemingly make miracles happen, but that is not the context in which we heard this particular comment. It was rather the ability magicians are best known for, that is, to make things disappear! In the case of Mr. De Motte, to make shares of stock disappear, enterprise value disappear and cash disappear.


    To be fair, Mr. De Motte has performed magic of the miraculous sort. When his own directors turned his attention to the situation facing the new owners of the Sunshine Mine (they had acquired the mine out of the Sunshine Mining Company bankruptcy at salvage value, but they owed back taxes on it and were looking for a partner to maximize its value), Mr. De Motte did an incredible thing. He convinced the mine owners to lease him the Sunshine for 15 years at $10,000 per month plus 2 million shares of stock, with an option to buy the mine outright at any time for $3 - $5 million. We don't quite know how Mr. De Motte accomplished this, but we believe that even in mid-2003, at the start of the silver bull market, there was plenty of interest in the Sunshine. So it was not a "gimme". It was a deal the Donald would be proud of.


    But with this comes a problem. The Sunshine is not some asset you sit on as if you were a tiny, retarded version of Silver Standard Resources. It is not something you ignore for two years, knowing everyone is holding their breath to see if you can live up to your promises. Meanwhile, you ignore the promises and spend time building your empire (the real estate, the non-mining companies, the "Wallace Division" whatever that is, the coin program, the misadventures in Mexico, the constant business trips for reasons having nothing to do with Sterling, etc.) while you lead the "Silver Revolution". You tell everyone that you will be working to put the mine back in production and registering Sterling with the SEC so it can file financial reports and trade on a higher exchange. Instead, you ignore these things and spend all of your time on hobbies.


    Not good. Not good at all when you are the one responsible for the Sunshine, the greatest silver mine in American history and possibly still containing the largest mineable deposit of silver in the United States.


    Getting control of the Sunshine is like taking possession of Pandora's Box. The Sunshine is a mighty powerful, almost irresistible, force beckoning the silver bug, who is practically mesmerized by the legend of this great mine. Having a piece of the Sunshine seems like a once-in-a-lifetime opportunity for the restless silver faithful, especially when such reassuring words are spoken by Mr. De Motte about its prospects for returning to glory. But Pandora's Box contains a lot of nasty details, issues and questions. Bad things that management does not want anyone to know, especially shareholders. Management knows that Pandora's Box is destined to be opened, and the difficulties, problems and risks eventually exposed for all to see. But only if the box could be kept shut a little longer, shareholders kept in the dark for a while. The worries could then be kept under cover and the party could continue for a few precious moments more. After all, it is not Mr. De Motte's money on the line.


    Manhole Cover Man


    If the feat required to acquire control of the Sunshine Mine is anything like what it takes to fool a crusty pilot turned mining analyst, we could be in for some chilling discoveries about management misadventures.


    Let's recalll that almost brilliant job of acting that Mr. De Motte must have needed to lure in the "eager to tell a story" Bob Moriarty of http://www.321gold.com, whose Hint, begins with an "S" is rightfully credited as the impetus for one of the most amazing instances of stock price appreciation recently witnessed in the high flying world of silver stocks. From a price around $1.10 on the day Mr. Moriarty published his ode to the Sunshine and its leader Mr. De Motte, Sterling departed on a blazing rocket ride that catapulted it to a high of $14 nearly 9 months later. But once the artificially induced enthusiasm wore off, the reality of failing to deliver on promises has led the stock down hill ever since. All the while Mr. Moriarty has remained silent, perhaps hoping that anger will be directed at the subject of his story instead of the author.


    What apparently got Mr. Moriarty so excited at the time was Mr. De Motte's use of one of the oldest tricks in the promoter's book: make them think you are a cheap stingy bastard like those tycoons from the good old days. This bit of theatre resulted in the laughable visual of Mr. De Motte asking the waitress how much eggs, hash browns and toast cost, while Mr. Moriarty gladly obliged by publicly bestowing upon Mr. De Motte the title of the man who "throws around nickels like they were manhole covers", not to mention pointing out this was someone who would guard Sterling's cash and available but unissued stock like they were literally gold (well, in this case silver). Instead, a short two years later, the cash is gone, the stock is all accounted (or rather unaccounted) for, and more of the same appears to be on tap. Very little of that stock or cash appears to have been expended on the Sunshine, which is the only reason the stock was valuable in the first place and why any cash at all was available to Sterling.


    More Meatpacking


    Robert Martin, a person of less gall but equal cluelessness followed up Mr. Moriarty's effort with some praise of his own. Speaking about Kimberly Gold Mines, Inc., a spinoff of Sterling, Mr. Martin could not get enough of the tight share structures supposedly advocated by Mr. De Motte. His article, Do elephants wear slippers?, is such a clear case of being fed BS that the result in retrospect would be gutbusting funny were it not for the fact that many shareholders have lost a lot of money on "Ray's tight share structure" stocks. Here are a few choice excerpts from Mr. Martin's article:


    "Ray came to the precious metals arena late in life after stints in finance, accounting and international business with Bechtel and McKesson Corporations. He brought with him the financial discipline of those mature corporations, and it has served him well."


    "The first thing that you note when talking to Ray is his focus on the shareholder."


    "This obsession with his shareholders is not a PR gimmick."


    "For Ray, who is a big-vision guy, when it comes to shares less is more. He knows that a tight share structure imparts the best value to his shareholders, including himself. And when it comes time to raise equity capital, Ray's companies are well-positioned to leverage their share value for top dollars at minimum dilution."


    That last one is my personal favorite. Read on to find out why.


    The Race to Dilute


    We were very surprised to learn that between June 28 (or June 14), 2003, the day shareholders allegedly approved an increase in authorized shares from 5 million to 20 million, and December 31, 2004, the date of the allegedly audited financial statements provided to us by Sterling, more than 11 million shares were issued resulting in proceeds to Sterling of only around $6 million, or about 55 cents per share. This is puzzling, considering that at no time during that period was the stock ever 55 cents per share and in fact more than 95% of that time was spent at prices between $2 and $14 per share. Furthermore, over 50% of that time was spent at prices above $5 per share.


    It is believed that the shareholders suing Mr. De Motte in federal court paid $4.00 to $4.80 per share directly to Sterling pursuant to actions by Mr. De Motte that led to the filing of the complaint against him. Yes, the brokered private placement in mid-2003 resulted in stock issued at a steep discount (35 cents per share, with warrants at 75 cents per share) from the then-current trading price, but to us something is still seriously amiss. Of the 11 million shares issued since June 28, 2003, roughly 750,000 went to shareholders currently suing Mr. De Motte. Between various placements and purchases that resulted in the exercise of options and warrants, the total proceeds to Sterling were over $1.5 million dollars from this group of shareholders, accounting for a full 25% of the money raised by Sterling during this period. This makes the price at which the remaining 10.25 million shares were issued seem even more ridiculous (44 cents per share).


    Clearly Mr. De Motte has abandoned, if he ever did practice, throwing around nickels in favor of throwing around share certificates, except it appears they were thrown around like confetti at a ticker tape parade. More likely, the only manhole cover Mr. De Motte had on his mind was the sewer plate marking the middle of his "Silver Revolution" empire in Wallace, Idaho, the so-called "Probalistic Center of the Universe" (a jab at the pseudo-scientific method that the EPA uses to quantify toxicity levels in the environment where imminent danger to the public prevents sufficient research time to establish the data required to support a full scientific conclusion).


    The Rescue Clowns


    It is always nice when someone comes to the aid of others, but we were very surprised to learn who recently decided to throw a rope (okay, more like a wet noodle) to Mr. De Motte. None other than silver preacher Jason Hommel, an owner of less than 100,000 shares of Sterling by his own admission (he made his position seem much larger when speaking to his guppies at the Silver Summit 2005). Mr. Hommel says management is not an important consideration for him and that he has done very little due diligence on the companies he invests in, including Sterling. His investment approach is apparently based purely on his ounces in the ground formula, gut feeling and the knowledge that he can never lose while pumping a stock after he buys and dumping before it is removed from his "look at my portfolio" promoted through http://www.silverstockreport.com. Mr. Hommel also informed a certain Sterling shareholder that all promises and assurances by management are really just forward looking statements protected by securities laws, and that "you can't lie about the future" since unforeseen events may prevent you from fulfilling any promises. It says so in the bible, states Mr. Hommel, that thou shalt make no oaths or promises, or something to that effect. Apparently he takes such advice seriously, refraining even from promising his own poor kids that he will be at their 3 o'clock soccer game (his words). For this and numerous other reasons that should be readily apparent to those familiar with Mr. Hommel's work, we can safely ignore his sage advice when it comes to being or acting like a shareholder.


    Mr. Hommel, if you are still a Sterling shareholder, you are certainly entitled to a response to this commentary and should you request it, we will provide you with access to the Rebuttal Center and even welcome your shareholder viewpoint featured on the homepage. Regardless of how kooky your opinions, we still think they are valuable because for some reason or another you have built a loyal flock of sheep as you act the role of world's silver stock shepherd. Besides, truth can be relative and often you need dissent to prove a point.
    All Good News, No Bad News


    Another bad habit Sterling management can't seem to shake is the pomp and circumstance surrounding the addition of every new officer, director or employee which is in stark contrast to the deafening silence upon his or her departure. This is particularly embarrassing when it comes to directors. Whereas for public companies the departure of a director typically warrants a Form 8-K disclosure of material events, not a single word has been disclosed about the departure of at least 3 Sterling directors in the past 2 years. To simply call this bad management is provocatively moronic. If all of this wasn't enough, we recently discovered that Sterling's articles of incorporation require no less than 3 elected directors, the number of which is to be further designated by its by-laws. Well, come to find out that according to by-laws provided by Sterling's Secretary, the number of Sterling directors is to be exactly 5, each of whom must be an owner of at least 100 shares of stock. We don't know about the 100 shares, but we do know that during most of 2004 and part of 2005, Sterling in fact had 6 directors: De Motte, Shiell, Laczay, Waisman, Stephan and Williams!


    Ignorance is Bliss


    Article I of the aforementioned by-laws also states the following:


    "ARTICLE I. There shall be a regular annual meeting of the stockholders on the third Saturday of February in each year at the office of the Company at Wallace, Shoshone County, Idaho, at which meeting members of the Board of Directors for the ensuing year shall be elected."


    Oops, looks like just another irrelevant instance of ignoring the rules set up by shareholders for the management of their company. But don't worry, the board of directors and management are following all of the other rules and keeping their noses clean!


    This all appears to us as nothing more than flaunting for flaunting's own sake; the willful, reckless and possibly illegal ignorance of corporate policies and procedures because you believe nobody can do anything about it. Given the apparent goings on at Sterling board meetings, we aren't that surprised about such an attitude of invincibility. Without getting into details that might get someone in trouble, we can truthfully report that we are aware of numerous alleged irregularities at Sterling board meetings from disputes involving fat executive severance packages to nonexistent authorizations to enter into contracts and issue stock. While management benavior no longer shocks us, we are simply astounded that the board of directors would permit such circumvention of its duties and a complete mockery of corporate governance.


    In Your Face, Dear Shareholder


    The last straw for us was the manner in which the special meeting of shareholders scheduled for November 2, 2005 was handled, a meeting at which the board of directors is asking shareholders to approve an increase in authorized capital by 20 million shares, or 100%, to 40 million shares. They do not tell us why they need these shares, they fail to disclose or instruct management to disclose pertinent information necessary for shareholders to make the right decision and they commit several irregularities even in the conduct of the special meeting itself. Perhaps some shareholders can be excused for thinking the worse, influenced as they are by the perspective of being plaintiffs in a federal lawsuit involving alleged fraud and misconduct by several of these very members of management and board of directors.


    Regardless, we see an unacceptable situation that must be rectified. This is not a mom and pop corporation with no assets and two shareholders. Sterling Mining Company has perhaps thousands of shareholders, some of who purchased the stock at $14 and have suffered losses of over 80% as of today. Sterling has a market capitalization somewhere around $50 million (which used to be closer to $200 million). And it has a complicated commercial agreement involving a mine that is capable of producing 5 to 6 million ounces of silver per year. To top it off, the guy in charge of it all has a federal complaint for fraud and other misconduct pending against him that might only scratch the surface of his actions with respect to Sterling, since the majority of the charges leveled in the complaint deal with other companies.



    Aladin, Hommel hat viel weniger shares als du!!!!

    "Confusion is a word we have invented for an order which is not understood." Henry Miller

    3 Mal editiert, zuletzt von Tschonko ()

  • Der Ray lebt gut von der Mine und ist ein Magier dabei.
    Er verkauft den american silver dream und hat seine Helfer die Halleluja wie Jason schreien. :D..... der Scheinheilige !



    The Rescue Clowns


    It is always nice when someone comes to the aid of others, but we were very surprised to learn who recently decided to throw a rope (okay, more like a wet noodle) to Mr. De Motte. None other than silver preacher Jason Hommel, an owner of less than 100,000 shares of Sterling by his own admission (he made his position seem much larger when speaking to his guppies at the Silver Summit 2005). Mr. Hommel says management is not an important consideration for him and that he has done very little due diligence on the companies he invests in, including Sterling. His investment approach is apparently based purely on his ounces in the ground formula, gut feeling and the knowledge that he can never lose while pumping a stock after he buys and dumping before it is removed from his "look at my portfolio" promoted through http://www.silverstockreport.com. Mr. Hommel also informed a certain Sterling shareholder that all promises and assurances by management are really just forward looking statements protected by securities laws, and that "you can't lie about the future" since unforeseen events may prevent you from fulfilling any promises. It says so in the bible, states Mr. Hommel, that thou shalt make no oaths or promises, or something to that effect. Apparently he takes such advice seriously, refraining even from promising his own poor kids that he will be at their 3 o'clock soccer game (his words). For this and numerous other reasons that should be readily apparent to those familiar with Mr. Hommel's work, we can safely ignore his sage advice when it comes to being or acting like a shareholder.


    Mr. Hommel, if you are still a Sterling shareholder, you are certainly entitled to a response to this commentary and should you request it, we will provide you with access to the Rebuttal Center and even welcome your shareholder viewpoint featured on the homepage. Regardless of how kooky your opinions, we still think they are valuable because for some reason or another you have built a loyal flock of sheep as you act the role of world's silver stock shepherd. :D Besides, truth can be relative and often you need dissent to prove a point.


    Der De Motte muss weg, wie schaut das aus mit der Option das die Mine jederzeit wieder zurueck gekauft werden kann mit den sharepreis hinterher ?(
    Ray erinnert mich an Kebble, der tote Mafiosi war auch so ein Magier. X(


    So auf die schnelle gelesen, Tschonko ;)

  • Tschonko


    Bezueglich den Brokers in CA die sind ueberall so, die winken sich schon am floor zu wer was hat und wer was braucht und reiben sich die haende wenn ohne limit auftraege kommen. In Australien war es bei mir noch schlimmer, die Bazis ! :D

  • "Der De Motte muss weg, wie schaut das aus mit der Option das die Mine jederzeit wieder zurueck gekauft werden kann mit den sharepreis hinterher "


    Den Satz versteh ich nicht.
    SRLM hat ein lease + Kaufrecht (billiger endpreis).
    Es geht darum, den mal Dampf zu machen und das geschieht mit dieser Seite.


    Ich kauf nie unlimitiert. Aber wie gesagt, da sind ein paar sachen passiert, das war früher nicht so. kann aber auch bei meinem broker liegen.


    was mir gefällt daran, ist, dass sie sehr gut schreiben.
    Amateure sind das keine.
    Auch die Breistseite gegen Hommel ist gekonnt (uns IMO berechtigt).


    Der Absatz über Moriaty gefällt mir auch.


    Noch was zu Proxy:
    Da lädt man sich ein Formular runter.
    Füllt aus mit Name, anzahl der Shares + wer sie hält (Broker)
    und beantwortet, wie man wählt.


    dann faxt man das.
    Also das ist sicherer als im Internet schreiben.


    Von den 3 Schreiben ist das von SRLM auch das unprofinellste, aber vielelicht auch das netteste. Die machen sichs gemütlich und beantragen dann die doppelte Shareanzahl ohne was zu begründen.
    Schon ein starkes stück.
    Da erfährt man wenigstens was, wie es so läuft.
    und das ist gut so.


    Grüße
    Tschonko


    Auch gut erklärt:
    To be fair, Mr. De Motte has performed magic of the miraculous sort. When his own directors turned his attention to the situation facing the new owners of the Sunshine Mine (they had acquired the mine out of the Sunshine Mining Company bankruptcy at salvage value, but they owed back taxes on it and were looking for a partner to maximize its value), Mr. De Motte did an incredible thing. He convinced the mine owners to lease him the Sunshine for 15 years at $10,000 per month plus 2 million shares of stock, with an option to buy the mine outright at any time for $3 - $5 million. We don't quite know how Mr. De Motte accomplished this, but we believe that even in mid-2003, at the start of the silver bull market, there was plenty of interest in the Sunshine. So it was not a "gimme". It was a deal the Donald would be proud of.


    Und besser noch die kräftigen Hiebe auf de Motte:
    But with this comes a problem. The Sunshine is not some asset you sit on as if you were a tiny, retarded version of Silver Standard Resources. It is not something you ignore for two years, knowing everyone is holding their breath to see if you can live up to your promises. Meanwhile, you ignore the promises and spend time building your empire (the real estate, the non-mining companies, the "Wallace Division" whatever that is, the coin program, the misadventures in Mexico, the constant business trips for reasons having nothing to do with Sterling, etc.) while you lead the "Silver Revolution". You tell everyone that you will be working to put the mine back in production and registering Sterling with the SEC so it can file financial reports and trade on a higher exchange. Instead, you ignore these things and spend all of your time on hobbies.

    "Confusion is a word we have invented for an order which is not understood." Henry Miller

    2 Mal editiert, zuletzt von Tschonko ()

  • hatte bei den Juniors kurz meiner "freude" Ausdruck verliehen, daß pers. Probleme zwischen Boß und Aktionären nur das zweitgrößte--manchmal lösbare--- Problem sind.


    und falls Aladin sie mir nicht alle weggeschnappt hat, habe ich den fiktiven Tschonkoschen Bestand um 35% erhöht, weil ich heute nochmals 10`
    dazugenommen habe, falls der PINK-SHEET- Mensch nicht wieder alles selber eingesackt hat außer der Kurs ist mind. 5% über den Taxen. (War der Grund weshalb ich --Broker sei Dank- aufgehört habe neben Aladin zum zweiten grossaktionär zu avancieren)
    Hab die Meuterer Seiten noch nicht gelesen--- denke aber Ihr seid fitter im Englischen als ich---


    daß wir immer noch auf Pink sheet TANZEN SPRICHT AUCH NICHT FÜR DEN mOTTE:


    Pack jetzt besser, damit ich den Steyrerhut vom Tschonko erkenn und ich nicht bloß nach Aladins Miezen such auf der Edelmesse ...
    Servus...


    emoba

    • Offizieller Beitrag

    Hallo Aladin,


    Habe schon längst, ohne von 'savethesunshine' überhaupt gehört zu haben, dem dreisten Verlangen nach 20 Mio neuen Aktien meine Absage erteilt (über proxyvote.com).


    Die Geschichte ist nicht einfach. Geht in die Richtung dessen, was ich im Bull(shit)trout - thread angeschnitten habe.


    Kein smelter mehr in den ganzen US of A. Restriktionen anderer Art zu hauf (teure Mineure, spezialisierte Geologen, deren es nicht mehr soo viele gibt, massiv gestiegene Elektrizitätskosten, was viele Leute gesagt hatten, auch Bob Hopper, Umweltauflagen wegen neuen und alten Lasten, Ahnungslosigkeit vieler Investoren über das mining business, da es 20+ Jahre eine 'no-brainer' war, etc. Deutlich zu tiefer Silberpreis, um Explorationen zu finanzieren etc.)


    Gemunkelt wurde auch am Silver Summit über die Motte, die allerhand an eigenen Aktien zu gutem Preis verhökert haben soll. Motten scheuen das Licht!


    Die Weigerung, trotz anders lautenden Versprechungen, von den Pink shits weg an eine bessere Börse zu gehen, wo voll rapportiert werden müsste.


    Andererseits ist das lichtscheue Insekt ein 'Macher-Typ', der Sachen schmeissen kann, wo andere stecken blieben. Solche sind im Explorer - Business 'Gold wert'. Sein coup mit dem lease an Sunshine war genial. Schon viel Arbeit an der Wiedergewältigung der Sunshine - Mine ist gemacht. Das ist viel teure und spezialisierte Arbeit. Auch die Idee, in Mexico cash flow und Gewinn zu erzielen, um es im Silver Valley wieder zu investieren, ist gut. Sollen die da weiterfahren, und auf die gewaltige Verwässerung durch eine grosse Zahl neuer Aktien verzichten.


    Habe die Piraten-Website nur etwas überflogen; meine Zeit reicht leider trotz Englisch-Kenntnissen nicht aus, hier eine Zusammenfassung zu bieten.


    Wichtig erscheint mir, das möglichst viele Aktionäre dem Antrag für neue aktien NICHT zustimmen. Aus dem deutschsprachigen Europa können wir das zwar nicht allein tun. Aber enttäuschte Shareholder aus USA tun dasselbe: neuen Aktien die Zustimmunmg verweigern.



    Gruss,
    LF

  • Hi Lucky


    Da ist einiger BS im Valley, Motte macht Sachen die andere nicht schaffen,genau das ist unser Problem im Moment.


    So wie ich es verstehe ist Sterling noch nicht auf der Amex da Motte ein Problem hat mit seiner Buchfuehrung bei den Filing zum SEC.
    Da wuerde Licht auf ihn scheinen und wie du es erwaehnt hast die Motte scheut das Licht.


    Ich stimme ebenso dagegen, welcher Investor will schon weitere Verwaesserungen ?


    Ausserdem wuerde mein Anteil bei der Firma weniger und so komme ich nie in den Aufsichtsrat. :D


    Der Krampus kommt am 21.Dezember fuer Ray, he is such a naughty boy who need a big hiding.


    Mal schaun wie es weiter geht....


    Ain't no sunshine when he's gone. ?(


    Gruss


    XAX

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