Cookie Consent by Privacy Policies website

Dr PennyStock Forum

Author Topic: PLEASE HELP ME MAKE SENSE OF THIS!  (Read 3009 times)

0 Members and 1 Guest are viewing this topic.

July 10, 2008, 02:56:27 PM
Read 3009 times
Offline

Cody Kemper


I have HGLC and Im 99.99% sure its a scam Ive lowered my position twice so my avg is at around 0.005 but its trading now at 0.001 ive lost over 4 grand in it well this past week theres been news that shareholders have majority control this is a good thing right or could it just be a ploy to scam people into lossing more money. heres a link with the recent activities. THANKS for the help.http://research.scottrade.com/public/stocks/news/news.asp?docKey=100-192u0208-1

July 10, 2008, 03:04:52 PM
Reply #1
Offline

Eric


Well, at $4000 down I would hold. No sense buying high and selling low. You're well past a reasonable stop-loss.

I don't know how to interperet the news.

July 10, 2008, 03:39:13 PM
Reply #2
Offline

Cody Kemper


Thanks for replying yeah Im stuck in this one just like JUNI. This thing dropped fast I had some 0.009 then it dropped to 0.005 then to 0.008 then 0.002 then I bought more so Im in at 0.005 but its now at 0.001 SCAMMMMMMMMMMM! >:(

July 10, 2008, 04:11:29 PM
Reply #3
Offline

Greg


Thanks for replying yeah Im stuck in this one just like JUNI. This thing dropped fast I had some 0.009 then it dropped to 0.005 then to 0.008 then 0.002 then I bought more so Im in at 0.005 but its now at 0.001 SCAMMMMMMMMMMM! >:(

KODY KODY KODY with a "C".. I'm reading this over and over.  My take on this is you may have a better chance of getting most if not all of your money back...It seems they want to control the company and to do that, they need some more shares... You may just have a lotto on your hands...IMO...


good luck
I know not what I do.  So, I just do it....

July 10, 2008, 07:08:43 PM
Reply #4
Offline

Cody Kemper


Thanks Greg you gave me some hope I just don't want it to be fake news to get my hopes up. Shit I wanna help these people Ill give them some of my shares to help but have no clue of who to contact would it be wise to try to lower my position even more?

July 10, 2008, 10:25:07 PM
Reply #5

boomer

Guest
I have HGLC and Im 99.99% sure its a scam Ive lowered my position twice so my avg is at around 0.005 but its trading now at 0.001 ive lost over 4 grand in it well this past week theres been news that shareholders have majority control this is a good thing right or could it just be a ploy to scam people into lossing more money. heres a link with the recent activities. THANKS for the help.http://research.scottrade.com/public/stocks/news/news.asp?docKey=100-192u0208-1

There is no making since of this company it's a true pinky

they show 2 sec filings but there on paper so we can't see them
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=0001301511&filenum=&State=&SIC=&owner=include&action=getcompany

but it's the wrong company when you search the cik they gave us anyway. (and apparently not the first time they PR'd the wrong number)

http://biz.yahoo.com/iw/080617/0407978.html

"To this end, the Company has obtained a CIK Number for filings with the SEC. This CIK Number is 0001301511. The previous CIK Number given to our stockholders on June 12, 2008 was incorrect. The Company shall commence today, with various Form 8-K filings to inform its stockholders as to all material facts."
( I not a newbie and I can't find there CIK)
http://www.edgarcompany.sec.gov/servlet/CompanyDBSearch?start_row=-1&end_row=-1&main_back=0&cik=&company_name=Hunt+Gold+Corporation&reporting_file_number=&series_id=&series_name=&class_contract_id=&class_contract_name=&state_country=NONE&city=&state_incorporation=NONE&zip_code=&last_update_from=&last_update_to=&page=count&submit_button=Submit
http://www.sec.gov/edgar/searchedgar/cik.htm

there's just way to get any info on this company So I would not buy anymore there are other plays out there. Hold the shares you got and if one day you look and theres profit TAKE IT>

July 11, 2008, 01:41:41 PM
Reply #6
Offline

Cody Kemper


Should I try to file a complaint with the SEC. I tried emailing there PR guy with no response and tried calling but it always goto voicemail and nobody returned my calls. How can I find out who this group is thats taking control. LOOK there was more news about this takeover.

July 11, 2008, 01:56:45 PM
Reply #7

boomer

Guest
Should I try to file a complaint with the SEC. I tried emailing there PR guy with no response and tried calling but it always goto voicemail and nobody returned my calls. How can I find out who this group is thats taking control. LOOK there was more news about this takeover.
http://biz.yahoo.com/iw/080711/0415107.html
"The intention is to utilize the proceeds from the sale of these "Molygold" interests to effect a share buyback of the Company's "free float" of Common Stock.

These Investment Groups whom have voting control over the Company have informed the Board, as announced on July 10, 2008, that they are also considering a limited Tender Offer to stockholders in order to acquire additional shares of the Company's Common Stock in an attempt to reduce the amount of shares in the Company's "free float.""

>>>again without the 8k / 10k and no real numbers from the company there is now way of knowing whats really going on. ( I know what a float is but whats a "free float" )

as far as filing a complaint you can file one but I would not expect much. But really your down so much now just hold and see what happens. at worst it's a lesson on stopping loses   and proper DD

July 11, 2008, 02:13:33 PM
Reply #8

boomer

Guest
You know I would start a hglc thread (if theres not already one) in the pink sheet area

 LOL I was going to post a link and saw posted in  it,  just let those guys take care of you. I am like doc when it comes to the pinks


July 11, 2008, 03:37:48 PM
Reply #9
Offline

Cody Kemper


Got you thanks I have just never heard of this happening before so I just don't know what the outcome might be. Let's hope I learn from this. ;D