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Private Placement-Good or Bad
I have been involved with a few Private Placements in the past and have had a few opportunities come around again this summer. I wish I had some great success story about the time I got in on a PP and made a killing then exercised my options and made another killing. Things have not timed out right and I have had very modest success.
I tend to b switching my focus and my funds towards gold. Its just my opinion but when it comes to gold there are so many opinions on where its headed that I thought I would throw in my 2 cents. The gold PP chances lately scare me a bit. Do I really want to lock up my money for 4 months in hopes of a good run. Sometimes the run happens and your hands are tied, only to find the price down by the time you can trade.
Gold is so volatile but I think most agree we will be up from where we are today by the end of the year. Demand is high and supply is cooling off and lets face it the global situation looks bad as well. I think when it comes to gold I want to free trading at an moment even if I do get a better buy-in than the going rate. There have been a few I missed and would have gambld on but thats old news.
Now the story would be different if it were an emerging tech company in the development stage or just ahead of going to market with a new product, as an example, alternative energy, solar power, new bio-fuel etc. These types of companies you get a good discounted price on and if they have a strong following and a good product by the time you can exercise your options you are probably doing well.
I would love to hear some good and bad Private Placement stories from members of PD.
Cheers,
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Re: Private Placement-Good or Bad
I bought Amador last year on a Friday and by the time I got to my office Monday morning it had double from 6 to about 12 or 13 and I jumped, since then I have not followed them.
Gold is great when your riding a wave of good results but the markets forget fast how good you were last week. Until a final number comes up on resources.
Re: Private Placement-Good or Bad
Thanks Ana, I enjoy your posts as well, That is why we are buddies and you just inspired me to share a story,hopefully entertaining and not boring. ANA, Here is an important Caveat that could be about many things,one is not taking profits because of greed in hope for a higher price or a rebound. Actually don't even hestitate to consider taking some money off the table when you have a profit. Two real successful private placements that I participated in were AGX (Amador Gold) and GOR (Goldrea) . I had a high opinion of Richard Hughes of AGX and Larry Reaugh of GOR. Gold juniors were hot at the time and one of Hughes companies GCR hit a a good drill hole which moved the stock from pennies to 3.00 in a couple days. My private placement stock along with 4 others of his companies hit new highs in sympathy and my PP at 12 cents including warrants jumped to almost 60 cents and I unloaded most near the top and the rest as low as 30 cents. Reaugh,s company was negotiating to buy an old gold mine next to their exploration property in China and my PP at 25 cents plus warrants, I believe exercisable at 30 cents, within days of the 4 month hold jumped to just under 80 cents. I sold as fast as I could at the top and it dropped within two days to about 50 cents, but I did well. Revisting these stocks today, nothing really panned out for these companies. AGX sits at 2 cents and GOR at 7 cents. Now at the time, I thought that PP's were the greatest thing since sliced bread and because both these guys controlled several companies, I wanted to participate in more, much to my chagrin as I took a haircut on more than one of them and that 4 month hold seemed like 4 years to get to the exits. I still ended up nicely in the black overall but my get rich quick plans derived from private placements vanished. These two people continue to issue private placements like they are going out of style and as a result their stocks are also out of style. A good tip to remember is if a private placement is being offered to raise money for an exciting drill program, participation shouild be considered. If the PP is being offered to reorganize finance day to day operations or basically to stay alive, a completely different story. My opinions of the two men are not quite as high as they once were as their PP's lately appear to be an attempt to stay alive more than a spectacular exploration opportunity.
Re: Private Placement-Good or Bad
Thanks, Frank. I enjoy your posts.
Re: Private Placement-Good or Bad
OK jerry-oh, I will play follow the leader and hang in there. I saw 100000 shares trade at the close and I thought that possibly was you jumping ship to buy CTN but then again maybe buying on the dip from the lacklustre result from the first monster hole, so I am in a holding pattern for now.
Re: Private Placement-Good or Bad
I think MTB should cross into the low 30's before hitting serious resistance, the CTN CEO has claimed there is still ground work to do so I am not sitting on the edge of my chair for core samples, however, my contact at CTN has indicated grab bag samples are supposed to go in and that might give us an interm spike and support while we wait. The CEO feels there is such strong inside and institutional holding that this won't pull back much and so many are waiting to buy more acording to his latest comment to me. Summed up I don't see a rush on selling MTB or buying CTN on the short term. I would like another month to get a better position, its thin some days and hard to pick up any larger chunks of shares. MTB sure looks liquid though for buying ans selling.
Re: Private Placement-Good or Bad
Hey jerry-oh, This is what I am going to do.I took your advice and bought a small amount of MTB a while back at 23 cents and it looks like I might make a profit maybe even this coming week. As you tell me you will be exiting MTB at the opportune time to accumulate CTN, I will as well and use the proceeds to buy CTN taking your advice a second time to see if it results in a second profit. Now I am talking small change like a couple thousand bucks as I just had a small investment in MTB. Of course if my due diligence reduces my fears about Indonesia I may buy more, and maybe not. Now I still am a doubting Thomas and would like to see and feel the nail holes in your hands before making a large investment on your recommendation but I will put it to the test. As they say the proof will be in the pudding. If it turns out I have to eat crow for doubting you, it will be the most enjoyable meal I have ever eaten. Now if MTB goes down instead of up Everything is on hold.
Re: Private Placement-Good or Bad
Thanks for your comments ANA, There is no doubt in my mind that you will become a successful investor and will be teaching us a thing or two before long and that goes for your financial advisor as well. As they say about financial advisers. "If they are so smart. How come they still have to work" jerry-oh said not to long ago that he hoped his investments continue to pay off as he does not want to have to go back to work"
Re: Private Placement-Good or Bad
Getting back to the original topic of private placements, I have been involved and made some nice coin especially with a warrant attached as a sweetener but as of late have not fared as well but still ahead of the game. The four month wait is no fun. During good personal financial times the flow through shares are preferable to non flow through but only available to Canadian taxpayers is a nice feature and I have taken advantage of that in the past.It allows you to write off your entire investment against your income. A capital gain or loss is another story however.. Now I believe to qualify you must have an unencumbered net worth of 1 million dollars or a large annual of income and must sign the necessary forms stating you qualify as such . Personally, I don't qualify but the form is basically kept on file by the company issuing the warrants to cover their tail. Besides my goodwill has to be worth a million bucks with inflation and all so I have no problem signing the form. I hope the Canadian Government does not phase out the flow through feature as it has been a real help to the juniors. Now some of these warrants also contain an acceleration clause which some call a shotgun clause.like the girl from the Ozark's old man with the shotgun forcing the young fellow to marry the daughter for obvious reasons. The warrant may have a year or so to run let us say exercizable at a dime but the fine print might state"If the price of the stock trades above 20 cents for 15 consecutive trading days the company has the option to give notice that the warrants must be exercised within so many days of such notice. Now getting back to jerry-oh and CTN, he would love to be a holder if CTN had offered such warrants ,flow through would be even better and let us say a shot gun clause if it hits ten bucks. No problem. Well actually it would be a problem but a wonderful problem
Re: Private Placement-Good or Bad
I've been a member of this site for years..(check my profile) I don't have too many points beside my picture and only pst now and again on a few stocks I follow. I have been watching this conversation go nuts and have to say I agree whole heartedly with ANA - its all about respect and common sense.
take a step back guys, let's all respect everyone and not be stupid about posting info for the wrong reasons. People have used this site for the 'right' reasons for years. That's why I come back. Let's try to keep it that way!!
Re: Private Placement-Good or Bad
Coffin Trader: RE your comment "...nice thing about old people is they forget what they were fighting about an hour later. I guess my point is...these guys on here will feel threatened by newcomers and new ideas."
Coffin Trader - You call these guys on Pinnacle "old"? You must be a child (no offense) if they seem "old" to you!! Speaking of age, anyone checked Warren Buffet's age recently? Not exactly wet behing the ears, himself! Age not a negative quality anyway.
I am relatively new to this site, and I must say that both the newcomers, for the most part, and certainly the established members, have informative posts on the stocks they are interested in. The difference is that the established members, Stargazer, Ed, Wedge, Fastfoot, Frank, Paul, Bothwings, Iowa Trucker, and others have demonstrated that they can be trusted. Those new to the site - only because they are so new - (and, in some cases, so swaggering!) have not proved themselves yet.
The aforementioned established members have the trust of the membership. We know that they have put in an incredible amount of time, and over a long expanse of time, sharing their due dilligence. We, the less experienced and newer members, are very grateful to them. We check our own research and opinions against theirs. If it differs we dig deeper until we are either comfortable with our own view of a stock, or we change our view.
We do not want these leaders of this site to leave. We welcome you, and do look forward to your being with us, but ask that you give due respect to those who have come before you.
As for size, some of us have two accounts, one with a financial advisor, and another that we research ourselves and use sites such as Pinnacle and Stockhouse for help with.
Re: SHOOTING STAR!! - Monimoni - Soap Boxes
Monimoni - please don't try to knock me off my soap box - many others feel the same way on this forum - many good ethically minded people like Bothwings, ANA, Wedge, Frank, Stargazer, Southbend, TNT, Iowatreker, to mention only a few of many. You'll have to knock these people off too - it won't work my friend. We are who we are.
We feel if Wall ST. had more ethics we wouldn't be in such a darn mess worldwide - too much greed & too much debt. It has to stop before we enter a DEPRESSION IMHO.
Re: Private Placement-Good or Bad
I don't question jerry-oh's decision to buy a big chunk of CTN in fact going all in, I admire his guts for doing so. George Soros once said that is how you make really big money, and he certainly made huge profits operating in that fashion.
The point some missed in my post, I believe is you do not tell everyone before hand your intentions. Certainly George Soros does not.
Generally professional traders say things to put people off track and do the opposite to what they said. I actually do not believe that is the case with jerry-oh.
I use to actively trade futures and learned you could not believe what any traders said they were doing, unless you were a part of a pool of traders.
That is why in the most part I generally go against the herd mentality as to the general direction of sectors and the stock market.
Re: Private Placement-Good or Bad
I am done posting on this topic. I am not surprised people point out its not smart to go all in on one stock. But I am a risk taker and its a calculated risk I am willing to take.
Re: Private Placement-Good or Bad
Hey stargazer,More than one company president has told me the same thing and that is that big investors are important, but it is the little investor that makes the market., Both big and small are important. jerry-oh tells me he is putting all his eggs in the CTN basket and hopes to accumulate close to 1 million shares and said don't be surprised if his other stock picks move a bit south partly due to his sales to accomplish his goal. Hindsight is 20/20 and the truth will be revealed in time. Maybe before 2011. If this is the real deal,Jerry-oh can say I told you so an have multi millions of bucks to prove it. If the stock tanks. Everything falls apart for jerry-oh. This is what I call an investment career decision by jerry-oh. If he indeed puts all his money where his mouth is and his prediction comes true,we will want to touch his garment and receive his healing powers. If he is dead wrong he will lose all credability,a ton of cash along with his supporters.I am not going to knock this stock but continue my due diligence with special focus on the stability and reputation of the Indonesian gavernment and will play it safe if I do invest and not put all eggs in the CTN basket. I truly hope that jerry-oh is not a wolf in sheep's clothing.
Re: SHOOTING STAR!!
Oh and for the record Stockhouse has a long standing good record in the investment community. Ask an invesotr if he has heard of Stockhouse or Pinnacle Digest. Man I go read every board I can to get information. I work hard for my money. This has been a waste of everyones time.
Re: SHOOTING STAR!!
Let it go already, its like the casinos and the churches. The preachings of the moral majority. If you don't like to gamble stay away. If you believe a certain poster is full of crap then don't go and read his posts. Whats with constantly trying to force your negative opinion of a PD poster down everyones throat? You think everyone is too stupid to do DD before spending hard earned money on any stock? Get off your soap box and act like a contributing member of the board that I once thought you were.
Re: SHOOTING STAR!!
Good reasoning StarGazer - do you own D.D. & do not be misled. You're much too smart to fall for this CRAP. Seems like a certain HERD Mentality has appeared & want to lead many over the cliff. I feel they would be better served on the forum they came from - a forum I have never looked at -- fortunately!
SHOOTING STAR!!
The more certain members question jerry-oh's point total the faster it seems to go up. UNBELIEVABLE if only it was shares and we could all profit from it's rapid raise.
It seems it is not the content of a post that matters it is who puts it on. Something I have never seen happen on PinnacleDigest before.
I feel nothing more really needs to be said about it, I for one am not concerned. No point total will affect my buying decisions, in fact now a high point total could cause me not to invest in a company. It is my own DD that governs my investment decisions.
Re: Private Placement-Good or Bad
CoffinTrader:
A smart investor as you know never tells people if they are going to buy or are buying shares in a company. I certainly do not want to encourage competition when I am buying. The only time I have ever done so was in the case of Natcore. Because no matter what I said in it's favour on PD it didn't seem to influance it's price at the time I may be buying.
I know some very wealthy people and they don't brag about their millions only BSer's talk about millions they do not have.
Do not belittle members or viewers of PD by saying they are small time investors especially when you do not know what you are talking about. On a personal note just so you know the fastest point collector on PD told to me in an email on StockHouse as to how much he usually has in the stock market at a given time as significant as the amount was. It does not come close to what I have in it.
The vast proportion of my money is in large cap companies, I am not playing with pennies. So now you know that Pinnacle Digest has at least one member who has a very, very significant amount of money invested in the stock market and that is no BULL S.H.I.T !!
Re: Private Placement-Good or Bad
This reminds me of when I go to see my grandpa in the old folks home. He would be eating his pudding and say"this is good butterscotch pudding", then another old guy would yell at him and say "no its vanilla", then yet another old guy would yell out" you idiot its chocolate pudding". All day and nothing to do I'm gonna head over to pinnacle to argue with someone. The nice thing about old people is they forget what they were fighting about an hour later. I guess my point is no matter what these guys on here will feel threatened by newcomers and new ideas. Resistance to change probably happens to all of us at some point. I think the average investor on here has 1-5 grand to play with and a larger investor on here 50 grand. SH there are guys I know playing with millions and they don't care if you believe them or not.
Re: Private Placement-Good or Bad
You know it wouldn't matter if this site had points or not. Some PD members just can't help but jump all over someones opinions or comments. Its would seem if you don't agree with them they post over and over how your wrong or maybe you are setting up a pump and dump. I have been around long enough to spot a pump and dump, they usually last a day or 2 max. I think I am just going to start ignoring there type of posters. Its not healthy to get on here and argue, i have enough stress in my life and better things to do with my time. They can all come on this string now and take a few more shots, I have a family and quite frankly better things to do with my day.
Re: Private Placement-Good or Bad
Hello all, I have been following all the banter for a while now and have not commented till now.
I as most value quality input, blogs, opinions and most comments regarding a common goal of making the best most informed decision when investing our hard earned money. I hope that PD staff eliminate the point system completely. Most traders/investors dont look at points, they look for tips, tricks, advice and interesting articles, advancements and plain old DD. From what we read here we can form an opinion and continue our own DD from there. People on PD put in a lot of time and effort writing blogs and posting. It does not go unrecognized.
This is a fantastic forum in which we can share ideas and info. The points system seems to get in the way of collaboration.
I sincererly hope that no one leaves this site. I value reading every post I see. This is one of the few good sites left with quality contributions from experienced people.....much more experienced than myself.
I know my opinion probably wont mean much since I am a newer member. ... Seriously....lets get rid of a point system and get along. We can always agree to disagree?
Re: jerry-oh's recent post
Wow I think this is the most attention one of my blogs has ever had lol.....I should have thrown in a few pumps on my favorite stocks since I had everyones attention.
Cheers,
Enjoy the weekend, I'm having a cold one on the new patio furnature right now. I tell the wife were makin money so she goes out and spends it.
Re: jerry-oh's recent post
He is absolutely right in what he said. In an email to me he suggested I take a break from PD and come back later when I feel better.
Such support from him and others and the fact that Aaron a Co-Founder of PD has contacted me. To tell me the high regard that viewers have for me on PinnacleDigest as demonstrated by emails they receive mentioning me. Has caused me to reconsider what I said previously in a post regarding PMT.
Thank you all again, I shall carry on as usual, let us all do the same.
Re: The current situation regarding PD - StarGazer - thanks!
Amen StarGazer. Guess we've heard our Sunday sermons a little early. Thanks for being you - we all appreciate it!
As you say - time to enjoy the rest of the weekend.
P.S.- I will say a little prayer for everyone at St. Paul's Anglican Cathedral in London to-morrow - happy to bringing another $5,000 for the African Orphan Fund -- breaking thro' $70,000!!! ($200/minute StarGazer - humbly thankful to be able to help those who have absolutely nothing - and we complain! Shame on us!)
Re: The current situation regarding ratings on PD
Dialogue is good Jerry. It helps resolve any misunderstandings one may have falsely had. It is a first step in coming together rather than confrontational head-butting which solves nothing. Understanding one another & their respective viewpoints & strategies is key to moving forward - together rather than apart. People are not here to serve their own private agendas - rather to share, ask, reflect, do their own D.D. & act according to one's conscience.
Re: The current situation regarding PD
Let me make it perfectly clear to everyone on PinnacleDigest I have no intention of leaving this board.
I am very appeciative of all the support I have received regarding my stand on the merits of Perpetual Energy Inc. as an investment. There has only been one member in the entire membership of PD that really got my back up in all the time I have been a member of PD ( which happened on two occasions ), to cause me to question why am I doing all of this on PinnacleDigest. I believe you know who I mean without mentioning his name.
It certainly was not jerry-oh or CoffinTrader, sure I have said some frank things to various members of PD in posts I have put on. Still in the most part I hold them in high regard.
I say let us all take a deep breath and calm down and enjoy the weekend with our family and friends and be so thankful for all we are blessed with.
Including this PinnacleDigest forum, that has benefited so many and will continue to grow in stature attracting more members for the benefit of all of us.
Re: The current situation regarding ratings on PD
I have had my share of arguments but I actually call stargazer and chat sometimes. I have thanked him for his help on here. When he was upset over some comments on one of his posts I was one of the first to discourage him from leaving. We need someone to point out the good and bad side of risk in our investment choices. I don't like the bagering but I would hope that someone would shake my head when I am thinking of getting into some crazy high spec stock. I read both arguments for investment into companies on here. I do my own DD as well and knowing where to dig is half the battle.
Re: The current situation regarding ratings on PD
Frank - you've just hit the Bullseye - kudos. Losing someone of StarGazer's stature would be TRAGIC for all of us. I rate him as number 1 on this forum with his outstanding background & experience. He presents his views honestly & backs them up with concrete facts. For him to even consider exiting would be a loss for all of us.
Pinacle - are you listening? We need to revamp the system so that all can benefit - fairness, sharing, friendship & prosperity for all - not just a few.
Re: The situation regarding ratings on PD -appeal to Jerry & al
CoffinTrader - your points are well taken Mudslinging only begets more mudslinging. Constructive criticism is most welcome. We want to come together, help one another, open each other's eyes, gather & share info' as you say & make some money in the process. Let's not let EGOs get in the way - agreed?