September 26, 2017 
 Tuesday 
 
 

Forum
Topic:
Stock exchange listing

       

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 By bluejay

03/12/2009  8:10AM

Rockroby

Your previous question needs clarification.

Thanks
 By Rockroby

03/12/2009  7:39AM

Any idea when we can start buying
stock on the open market again?
 By Rockroby

02/20/2009  2:14PM

Stock goes up to .05 cents and on Friday someone gets 600 shares for .001 ?
Could be the same person or persons who did this a few years ago.
Not sure gold hit a thousand a ounce today,you would think somebody would at least give a dime a share
 By Rick

02/19/2009  6:46PM

I know of a bunch of ways to make $5.03 and none of them involve "off-loading-stock-at-any-cost" interest in one of the greatest high-grade gold mines in the world.
 By Michael Miller

02/16/2009  4:49PM

There is interest in the sale that took place on February 12, 2009 of 50,305 shares at $.0001 a share ($5.03) beyond my expectations. I just sent the following reply to a well wisher who took notice of the sale and wrote me. I answered as follows,


Dear Alex,
Thanks for your comments. I’ll send you (as an insert) hard data about the company and its plans. This information is on the web site. Pay particular notice to the real value estimates. The assessments were completed before the housing collapse. I have no idea its affect on the company’s fee simple ownership for standing timber, water rights, large parcels of desirable recreational land and properties that have produced two billion dollars of gold.
There are no reasons for shareholders and/or their stockbrokers to behave so unfamiliar with the Sixteen to One as you suggest, “someone thought to unload your stock at any price” has any merit. I am experienced adequately in both our company and the machinations of stock markets to say this. Something else is going on.
I truly appreciate your letter and hope the following is received with the positive energy it is sent. You write that you are not a shareholder (as others have who also express your sentiment of interest) but who may become “a possible future stock holder”. I ask you this. Would you be in favor of some individuals or companies conspiring to trash the value of Sixteen to One shares? The current prevailing attitudes about this “trade” last week are: destroy the share price and even the company or tax evasion.
I interrupted a Google search of the United States Treasury division of the Internal Revenue Service to answer your letter. I am planning a letter to the tax criminal department. The tax evasion scenario is simple. Party A sells 50,305 shares for $5.00 to Party B and writes down a loss, which offsets some of the billions gained from short selling the market. The government stopped short selling (odd if it were not a concern). I forgot an important point; Party A and Party B are friends so no real exchange took place. I think it’s called a conspiracy, may even be illegal.
I disagree with some of your other observations but will enjoy a discussion. Write me again because it may be mutually valuable. Michael M Miller
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
I can tell in the brief time we all have become aware of this public injustice, it has legs and must be pursued from many fronts. This may be only the tip of an iceberg. Use this Forum or write me directly if appropriate.
 By Michael Miller

02/16/2009  8:51AM

The $.0001 a share is the most blatant criminal and unethical transaction yet experienced by this Company. A shareholder and stockbroker with a major brokerage jip-joint immediately notified me of the trade last week. Both of us are trying to get information about the seller/buyer/broker. I AGREE WITH ALL YOUR SENTIMENTS BELOW!

If the selling shareholder held the certificate, the Company could trace ownership and get answers. The shares are likely held in street name with CEDE or some other escrow company. I wrote the broker who keeps me up on pink sheets and suggested it could be a “friendly “ sale between related parties to create a tax loss. If someone wants to defraud the federal government, it could be like this. Tax fraud may be a way to get security investigators attention.

You and I know this is a travesty and so much crap. It makes me pause and wonder about manipulation across the board. The world’s stock markets are no longer carrying out the functions they were built around. They are no more than houses for gamble. Investment is out. Speculation is another topic. I want the ability to speculate. It requires intellect, hard work and commitment. That is how I was raised in California. I chose many years ago to speculate on the gold industry and specifically the Sixteen to One mine. I also chose to commit to the hard work of making it an honest venture. I committed my life.

Over the past thirty years I have witnessed many white-collar chaps abuse the trust they were given by one of the world’s great economic engines, a free, open and legitimate stock market for everyone with the heart and mind for action to join in the fun. You may remember my quote, “In many businesses they are called criminals. It seems in gold mining they are called colorful characters.”

Well, it is not fun anymore. It is not honest and it is not following the established rules of trade. Someone should lose his or her job because of the recent transaction of 50,305 shares at $.00-01 a share. Someone should face a courtroom’s judgment. Let’s work on it together!
 By bluejay

02/16/2009  7:59AM

I have contacted the Pink Sheets market at issueservices@pinkotc.com asking for contact information of their compliance department so I can lodge a formal complaint of my own as a shareholder. When I get the email address I will post it.
 By bluejay

02/16/2009  7:48AM

Rockroby

In your question to me, could you please clarify or be more specific?

Thanks
 By bluejay

02/16/2009  7:45AM

Rockroby

There is no automated system for the Pink Sheets market. You have to call your firms trading department and have them make the call to that group of market makers, if you can call them that.
 By Rockroby

02/16/2009  7:43AM

Bluejay
Is it possible that the company itself put these stocks out their because their was none to buy?
 By bluejay

02/16/2009  7:30AM

I think someone from the company should contact the Pink Sheets compliance department and lodge a complaint concerning the trade of the 50,000 share block of OSTO(Sixteen to One Mines OTC symbol) stock at $.0001.

Possibly, someone could even contact the SEC and lodge a complaint against the broker that would execute such a blantant and questionable transaction representing a customer supposedly in good faith. Good luck with that! I have a complaint in with the SEC dating back to August of 2007 and am still waiting to hear from their lawyers who either did, or did not investigate my claim.

The SEC is a pathetic organization. Recently, in front of the Congressional Financial Services Committee concerning the Bernard L. Madoff multi-billion dollar ponzi scheme matter, representatives of the SEC looked like a bunch of scared chickens just worrying about their own skins.

Not once did I hear any apologies to the families of, at least, two men who committed suicide for losing their entire fortunes as a result of the shabby to no action by the SEC staff of a submitted detailed complaint spelling out what Madoff was doing to his investors.

Welcome to the lawless land of America where cheating, stealing, lying and ineptness by regulatory bodies is the order of the day. Add all this up along with bankers who who are currently stealing from Americans with a straight face and one doesn't have to wonder much why our country's people consume more mind soothing drugs than any people on the planet.

When I was on the Pacific Stock Exchange as a bond and stock trader I saw orders come down to the floor that were questionable. I would immediatedly go back to the source of entry by asking some questions as to bond or stock description or to "check price." If it were a market order and no bids were available, I would direct the broker representing the customer order to a better market or just go out and find a buyer with a reasonable price. Sometimes, I would call the treasurer where bids were lacking and ask if they were interested in putting in some orders or knew of anyone that might be interested in doing so.

In all my years of representing customer orders I never butchered an order for any reason, I just wouldn't do it. I like to sleep at night.

Someone from the company needs to lodge a complaint against the Pink Sheets trader and the executing broker who committed this breach of trust. This matter needs following up as it obviously hurts the seller along with the shareholders of our company.
 By Rockroby

02/16/2009  7:15AM

Tried all last week to bring it up,even put in bids for $1.05 and it would not take.That was on Etrade will try UBS this week.
I bring it up to a quarter and someone goes in and drops it down too .0001 not sure what is going on.
Etrade is a lot of fun,gives you more control & doing well with most of my gold stocks,Ameritrade is good too,easy to open and easy to get money in and out.
Lets get in their this week and get this stock moving up,I think mining companies are starting to get looked at and some have a lot of movement that may never produce,not sure whats going on with the Sixteen to One,even Sutter,Emgold & Bullion River get movement every week.And look at Western Goldfields they will produce 150,000 ounces this year.If this State would open up 100 gold mines & go after are oil and natural gas we would not be where we are today(bankrupt)
Rotten politicians and now Nancy wants to do to rest of the Country what her and her kind have done to California.
 By bluejay

02/16/2009  6:37AM

Crime of the century???

50,000 shares trades of our stock trades in the Pink Sheets market for $5.
 By Hans Kummerow

12/18/2008  8:37PM

That is good news, Mike, that Origsix does not owe any money to the banking sector. Thank you.
 By Michael Miller

12/18/2008  1:07PM

To answer Hans’ question in the last entry: origsix owes not a penny to any bank. Its debt is with private parties, most of who are friendly as well as supportive to its success. I thought I might have been alone in distrusting the stock market game. After reading Hans, Bluejay and Rockroby, my concerns are not signs of paranoia. The pit is probably much deeper that we can imagine.

When I was seeking shareholder proxies between 1976 and 1983, several times a shareholder would tell me, “Well, everyone should have a worthless gold certificate hanging on the wall.” It was said with a smile because each and every person I contacted during that proxy battle for control believed his or her Sixteen to One stock was a prize worth keeping. I heard some wonderful stories about the mine.

The only problems I see in holding certificates are knowing where you have them and taking them to a broker if you want to sell. Neither seems too difficult for the benefit gained.
 By Hans Kummerow

12/17/2008  10:34PM

First of all, I agree with bluejay's analysis of the state of Stock-Dealer's competence and morale.

As the old Romans used to say two thousand years ago: "Judge a man by what he does, not by what he says". Especially people like Bernard Madoff.

Maybe you should dismiss the plan to reenlist OSTO-stock for trading at a stock-exchange and save all the related expense along the line, Mike. Maintain an informal trading platform for shareholders on the company's website.

If company-websites would have existed 100 years ago, stock-exchanges would have never been needed and would not have been created at all. And if they disappear again, it may be a change for the better. The world doesn't need the Bernard Madoffs any more.

Is Origsix still carrying a loan from a bank that is secured by physical gold?
Although it is a sad decision to make, I would suggest to sell the amount of gold that is neccesary to cover all loans outstanding while the market is still strong.

It is not that I am worried about declining values of gold right now - I am worried about the recklessness of any potential future liquidators who might size Origsix assets and sell them for a piece of cake.

As long as Origsix owes money to the banking sector - and I don't care what specific banks are involved - the title to the loan may be transferred from one bank to another bank and in the end to some liquidator.

Eliminate that risk, Mike, if it still exists. And don't worry about selling too cheap - we can always go back and dig up some more gold as long as Origsix owns the mines.
 By bluejay

12/17/2008  9:31PM

First of all, I don't believe DTCC is a reputable organization. They can't even get sellers that fail to deliver sold securities(naked shorts) within 13 days and don't require a buy-in to replace shares that the seller won't produce that the buyer has already paid for. Otherwise, they perpetuate the on-going phantom sales scheme by lawbreakers which dilutes a company's share price.

Patrick Byrne of Overstock.com(OSTK_OTC) has been spearheading a reform movement in court for years in an attempt to protect shareholders rights. To get to the point, Overstock.com had 19,000,000 shares outstanding and according to buyers, they owned from 35,000,000 to 40,000,000 shares the last time I checked. Someone, unknown to the company, was manufacturing about the same amount of shares that the company originally issued without any serious protests coming from the NASDAQ or the DTCC. Do you know why? The more shares that trade, the better it was for business.

This is the sad state of affairs that law abiding investors find themselves in today. The naked shorts game is to pound down the share price of specific companies thus inflicting damage on shareholders. These crooks do not sell naked shorts in an up market. The only exception is that some bullion banks do this in a rising gold market as agents of the Treasury.

The bottom line with me is, if someone else is holding your assets your risk exposure is magnified by their potential incompetence. Why take the chance?

The day has come and gone where I feel comfortable knowing that the FDIC or the SIPC will bail out any incompetents for losses that they create with my trusted securities or funds on deposit with them.

The IRA's and ROTHS etc. are sterile stock holdings. You can't get your fingers on them ever! The shares of these plans are suppose to be segregated but you would have to hire an attorney to PROVE that their custody is totally safe. Who do we trust?

Just take a look at what just happened to Bernard Madoff Investment Securities. Their ponzi scheme was just revealed that cost investors $50 bullion. They kept several sets of books, had falsified documents and lied to regulators.

We live in times of shameful widespread corruption. Your valuables should be intrusted to yourself in a well fortified home safe.

Ever wonder what happened to all the small denomination gold pieces like the 1/10, 1/4 and 1/2 ounce gold coins that used to be offered at coin shops? They are mainly in home safes now waiting for whatever tomorrow brings.

Do not leave your securities with the broker, order them out as soon as you can.

Check out this article:

http://www.kitco.com/ind/schoon/dec152008.html
 By Hans Kummerow

12/17/2008  9:28PM

The experience of Rockroby is not uncommon these days. It is happening all around the globe and in large numbers. Large numbers of affected customers and large numbers of affected balances.

If a bank comes under serious pressure to maintain a certain core capital ratio against it's loans outstanding position it will first try to shore up it's core capital.

And if that doesn't work any more, outstanding loans will be called back. From banks and from individuals. Upon maturity or on sight. Whatever is available will be grabbed to reduce the pressure.

As they say over here in Europe: "Banks are handing out umbrellas as long as the sun is shining. And as soon as the first rain-drops appear, they are recollecting the umbrellas again."

There are still many umbrellas out there that have been handed out to financial SWAT teams called "Equity Funds". It is hard to recollect those umbrellas without driving the Dow Jones below the 4000 level.

But many Equity Funds are making the same experience as Rockroby right now - if that is any consolation at all.
 By Rockroby

12/17/2008  8:08PM

When this market crash happened I owed U.B.S Financial about $1,800.00 and they called in my marker giving me less then 24 hours to come up with the cash,so I told them to sell all my National Lampoon stock.It was not enough to cover the $1,800.00 so without asking me or even telling me they unloaded 3,000 shares of my OSTO stock for .05 cents,I had other stock they could have sold and am not sure why they did it but they did.I can not get it back for that even though the stock sits at .02 cents right now,will put in bid's for a higher amount's as soon as my Christmas bonus comes in,short on funds right now.
Thanks Mike for letting me hike down into Kanaka Creek over the Summer even though I could not do much with the other miners in their,will be sending a care package before Christmas & found some decent placer gold this year up around the Merced River,will be back up looking for gold as soon as my rush is over.
Wishing you all the best this holiday season.
Craig
 By Michael Miller

12/17/2008  1:56PM

THE FOLLOWING NOTICE WAS SENT TO ME TODAY FROM A SHAREHOLDER WHO IS ALSO A STOCK BROKER. What does this mean? My comments begin below the notice. Your thoughts are encouraged. Thanks Hans and Bluejay for your recent contributions.

"Beginning Jan. 1, the Depository Trust Company (DTC) will provide a Direct Registration System (DRS) statement in lieu of a physical certificate for all DRS-eligible and participating issues that request withdrawals-by-transfer (WTs). For such DRS-eligible and participating issues, DTC no longer will permit participants to request issuance of a certificate on the WTs instruction. The final date for certificate withdrawals-by-transfer is Dec. 30, no later than 3 p.m. CT.
For client protection and efficiency, the securities industry has been moving toward eliminating physical certificates. The DTC recently filed the proposed rule change with the Securities and Exchange Commission.
DRS is a book-entry system that enables investors to register their shares electronically with the issuing company or its transfer agents. Instead of a paper certificate, investors receive a statement of their holdings. In 2008, all of the major and regional exchanges in the United States mandated that DRS become a listing requirement for all issues.
An investor will still be able to request a physical certificate by taking the investor’s statement directly to the DRS agent for conversion to a certificate."

Have you ever wondered how the brokerage businesses back room handled the massive increase volume of transactions? My doubts about their abilities began years ago. A growing concern was they are not able to do it. The result is that while an individual client may have accurate records, transfer agents may not. I encouraged our shareholders to take physical ownership of the stock certificate for mutual protection.

Why would a public corporation be concerned? Naked shorts! Short selling has brought small market cap or modest volume trading companies much grief, probably some large ones as well. It is proven that selling a stock down is more rapid and easy than buying a stock up. There are rules about short selling or there were rules when I did some short selling shortly after graduating from UCSB in 1965. I always may a profit short selling and can’t say the same about my long positions.

Working with Original Sixteen to One Mine, Inc to get it approved for the Pacific Stock Exchange between 1987-89 and afterwards paying attention to its stock activity, I realized how the stock market works from the view of a corporate president with a substantial holding and long term interests. I also realized how traders could destroy a very good corporation. Today I may be the only corporate executive who hand signs each share certificate; however once shares trade in depositories, I lose touch with our owners and market activity.

In order to short stock the shorter was required to hand over the number of shares, which were borrowed from someone else who actually had the shares to sell. Do you believe that this requirement was actually performed? If so (and I do believe that for many transactions someone’s account was credited and someone’s was debited shares) what happens when the person whose shares were loaned to cover the short wants to sell his shares? Does the broker borrow from another shareholder? It has been my opinion for years that with such large volumes of trades, the there are mistakes and now we all know that no one is really watching.

I believe that the public should demand that public companies continue issuing certificates of ownership. Why? To prevent fraud or manipulation. America needs a stock market industry. But it must have a level playing field and the transparency Americans have sought for most of my life. The market resembles the casinos in Las Vegas more than a capitalist's tool.

Finally, as a director and president of a SEC reporting company, I will be the first to get the blame for a crashing stock price even if the present circumstances remain unchanged. I remember going to a two day gold seminar in New York as an invited guest by Donaldson Lufkin and Jenrette when the president of Barrack blasted the US stock exchanges and specifically related that traders could bring shareholders a loss that has nothing to do with the management or results of the company. I remember it well.

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