September 22, 2020 

Stock exchange listing


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 By RyanBaum

09/11/2009  2:42PM

Looks like someone bought a couple of blocks today at 7 cents and 15 cents.

Say, is there an update on securing a loan to replace the note that was called at the beginning of summer?
 By Michael Miller

09/11/2009  2:17PM

Whoa, wait and halt this conversation for a second. What did I just read? Did someone actually sell 10,000 shares of stock for $10? I agree with both of the previous entries here about the buyer. If the broker bought the stock or bought it for his client, he scored some fast value.

What about the responsibility of the selling agent for his client to his client? Is there a stock brokerage due diligence code? Is there an enforcement agency to oversee and confront those who screw the client on the sell side?

I’m shocked. I’ll pay the new owner a hundred times profit in one day with a check for $1000, which computes to “earning” an annual percentage rate too high for me to compute.

I just don’t get it for following reason as well as well as the obvious.

While the Company is not on any official trading markets, that is not an acceptable excuse. The Sixteen to One has filings with the SEC , it does the required steps that all public companies must take to stay in operation: notices, shareholder meetings, minutes, file corporate papers in Sacramento, keep a web site, keep an office with regular hours, maintain its assets and pay required State of California and Federal taxes. Original Sixteen to One Mine, Inc can be found by even the most illiterate Internet users.

That seller should be prosecuted or lose his or her license to be a stockbroker. That’s a fact not an opinion.
 By bluejay

09/10/2009  11:32PM


All I can tell you is where the Sixteen to One trades today in NY is just like turning back the clock to the lawless Wild West Days, and playing on their turf, to boot.

The jerk NY market maker who bought the 10,000 shares for a buck is as shameful as they get. Most of the responsibility for this disastrous trade rests on the shoulders of the registered rep who let this trade be executed at such a ridiculous price, $.0001, totally laughable and sad at the same time.

You have no idea at the scum-bags that actually work in this industry today. Many of them take absolutely no pride in their work.

The bottom line for this trade is that the client will have to submit a check to the broker for his commission deducted from the principle amount on the gross trade creating a deficit. Since the Orignal Sixteen to One is, more than likely, not programmed into any broker's computer system for an automatic execution it has to be phoned into the trading desk for special handling and that, these days, costs mucho dinero.

The customer could be charged anywhere from $25 to $65 for this trade. So, in what sense is there any benefit to the customer here? He pays to have someone take the shares off his hands for a tax loss? Give me a break!

If I had to offer an opinion, I would speculate that some evil force put through a wash sale to exert pressure on the current shareholders who have their hands full at the moment with more legal intimidation.

The woods are full of people who think they can steal valuable past producing gold properties for a song and a dance from unsuspecting owners through all types of intimidation ranging from paid for negative news reports all the way up to their government connected buddies.

I have seen numerous accounts of low priced precious metal related companies get continually hosed by big investment firms for fun and profit in Canada to the point where a reasonable person would wonder, where are all the regulators?

We live in a society where morals are losing their age-old value as we witness an historic financial breakdown in this country.

When I was an Exchange broker and was given an order to sell for a customer and there was an absence of buyers I never hit the market makers bid, especially on an inactive stock. I took pride in representing the customer and looking out for his best interests. Many times I called the company and spoke to their Treasurer asking if he knew of any interest to buy shares that were not being represented on the floor. On occasion, it didn't take too long until an order surfaced, sparing customer from the market maker's low-ball bid while saving him a considerable amount of money.

Remember, just like the way the bullion banks sell gold on the COMEX, it's not necessarily their intention to get the best price but it has been mostly their desire to SET THE PRICE.

And WHO does setting the price benefit?
 By Rockroby

09/10/2009  8:52PM

Stock went down today from .01 back down too .0001.
And I still can't buy it on the open market for .85 cents,anyone find out why this is happening yet?
It does seen easier to get through my U.B.S. account just can't buy through online trading.
Gold just went over a thousand dollars an ounce again.Californians have always headed for the hills to make a little extra money during high unemployment and now the State has taken away dredging.I guess that the State would rather have a bunch of pot growers in the hill's(and they can cause a lot of damage)then people looking for gold.
Things must change or this State will find itself in one hell of a lot trouble,well more trouble then it already is.
Let's open up 100 gold mines in this State and put us back on the map as the Golden State.
 By Michael Miller

05/05/2009  9:52AM

To Rockroby and others:
I'm hitting it every day and with all my creative business skills to get us back into gold production. Right now I'm writing the annual shareholder letter, which reviews the past year and offers a look into the future.
I have an activity (started in March) with one real financial party. We are optimistic, but it is premature to go into details. I was very disappointed when the financial crisis disintegrated the interest that was also real. Everyone disappeared. When a loan or other funding is completed, you will know. Until then all I can give you is the fact that after solving problem for our Company for many years, I am not quitting or taking a bad option . Please keep your interest positive. Mine are.
 By Rockroby

05/02/2009  7:56AM

I have had a standing bid in with U.B.S. for 1,000 shares at .55 cents for two months & it won't take.Have also tried Etrade for a dollar a share and it won't take.
Their are millions of ounces of gold waiting to be blasted out of the mines that we the shareholders own,we just need capital and good hard rock miners to get it.
Mike I think most of us know that China will be the only Superpower left if we keep going down the path that we are,
say what you want about Bush but he did keep us safe(it just cost to much to do)and he was not good at lying unlike Obama & Clinton who I now think would have been a better choice.
What we would like to hear from you is that your making some progress in getting back to mining.
 By cw3343

05/01/2009  4:45PM

Looking at time & sales, I noticed that 6000 shares of OSTO traded on April 21 at a price of .0001 per share.


This really brings into question the validity/accuracy of any trades on the Pink Sheets and/or the OTCBB. I very seriously doubt that anyone would be able to buy shares at this price through a brokerage - whether it be online account or bricks and mortar.

Once again, this is a "gray market" that is very vague in many different ways. There are a lot of loose ends and inaccuracies when it comes to trade reporting. Unless a stock is trading on the Amex, NASDAQ, or NYSE, you really can't count on accurate trade reporting.

I will try to see if I can get a bid/ask next week, just to see if there is anyone out there trying to trade.
 By cw3343

04/07/2009  2:30PM

One issue with the OSTO trading is that there is no "depth", or in other words there are no standing bids/offers. In most actively traded stocks there are multiple bids (to buy), and offers to sell at certain prices, similar to those on this website. With the OSTO, many times there are ZERO bids/offers. Or, sometimes if there is a bid/ask it will only be for a small number of shares, maybe 400, or 700, etc.

IF ANYONE HAS SHARES IN AN IRA (or other Retirement Plan account), and the shares are held at a brokerage in street name (and/or the registration has the name IRA Custodian), NOW WOULD BE A VERY GOOD TIME TO TAKE A DISTRBUTION IN KIND with the shares.

You can transfer shares of stock in kind out of an IRA into a non-IRA brokerage account. They should give you an option of NOT withholding any taxes also.

The reasoning behind doing this now, is that most brokerages will calculate the taxable distribution based on the value of the shares on the distribution date.

If you take a distribution of shares now, the taxable amount should be .0001 per share.

I cannot gaurantee this, nor am I giving any tax advice...
 By lj

04/07/2009  7:32AM

I see the trade in bigcharts, but when I research the company at Schwab, the 52 week low is $1.20. I have to guess that this low trade is a glitch in the data stream. I see it occasionally on both the up and down sides, and always check the price range to see if the outlier is real or not. I don't know if I am correct in my assumption, but it usually makes me feel better anyway.

I will watch Sino Gold. I like BHP Billiton for similar reasons. Marius Kloppers, an engineer turned CEO, seems so good at his job that the company can't fail. Rio Tinto, has great resources but they have cash problems, and must sell themselves off a little at a time. If they survive this slump, maybe they will also be a good company.
 By bluejay

04/04/2009  10:06AM


The address for charts is

I erroneously posted
 By bluejay

04/04/2009  10:04AM


The word crook was used is a very appropriate manner.

If you go to and check out the price trading history prior to the mentioned trade at $0.0877 in early November of last year by selecting SIOGF, you'll notice that the previous sale was $1.90. This $0.0877 sale took Sino Gold down by about 95%. The next day the stock opened at $2.05. Friday's last sale is $3.80

Sino Gold is an Australian gold company that has been very successful in establishing their presence in China, the number one gold producer in the world. Currently, Sino has two operating mines producing about 250,000 ounces of gold annually with another development property looking to be their third eventual mine. Their Eastern Dragon project now has about 700,000 ounces of gold in ground at 7 g/t with 70 g/t silver.

I follow Sino Gold because I like their president Jake Klein and the way he thinks:

1- Don't run out of money

2- Meet your forecasts and guidance

3- Make sure you take quality growth opportunities

4- Don't break rule one

The primary market for Sino Gold is in Australia with other secondary markets in Hong Kong and New York. The NY listing is on Grey Market of the Pink Sheets listings.

Can you just imagine what the Australian market guys or Sino's president, Jake Klein, thought when they saw that transaction? They probably thought the same thing that I said, someone's a crook. Not only did the transacted price violate ethics and morals in maintaining a fair and orderly market, it just gave our country another black eye on how we conduct our financial affairs.
 By lj

04/03/2009  2:53PM

Thank you all for your responses. I see the problem with the person who sold for .001. I can understand how it might be possible to execute a trade with a specific buyer in mind, even yourself in another account, since the shares are so thinly traded. The lack of buyers presents a problem. It would be possible to place a GTC order at a low price to make such actions backfire. I think they run for 60 days or so before they must be renewed.

I had hoped to come to last years stockholders meeting, but a scheduling conflict prevented me from attending. I hope to see you there in June.
 By Rae Bell

04/03/2009  11:34AM

The shares are valid. They have our cusip # and are registered to Cede & Co as are all of the "street name shares". OSTO has been on the Pink Sheets for at least 13 years (when I first started working here). We never were able to sort out the origin of the OSTO listing. The ambiguity (to the best of my limited understanding)with the gray market has to do with the fact that there is no "market maker" and brokers (or other buyers and sellers) are not able to see eachothers "bids" and "offers".
Rae Bell Arbogast
Corporate Secretary
 By Michael Miller

04/02/2009  8:28PM

To lj,
Welcome to one of over 1650 individual owners of the Sixteen to One mine and its other precious gold mines in California. The annual shareholders’ meeting is approaching…June 20, a Saturday in Alleghany. Years ago I moved the annual meeting from San Francisco to Sacramento. Then about twenty years ago, thought, “Let’s have the meeting at the mine. That’s what I would want to see as a shareholder instead of a conference room.” Please say hello if you can come. About 200 show up each year.
You asked if the Sixteen to One hope to stay out of regular markets. No. It does not hope, desire or plan to stay out of regular markets. It was a proud member of the Pacific Stock Exchange until its directors shut down the trading machines in San Francisco and closed the doors forever. That was a sad day for many investors and historians as well. In 1995 the company was passing through the American Stock Exchange’s “due diligence” process when a rotten apple snuck in and stopped progress. After the smell cleared much had changes in the gold business, including the beginnings of a lengthy bear market for gold. There is a large recorded history about Original Sixteen to One Mine’s public market on this web site. Its symbol was OAU. Now the symbol is OSTO.
You asked, “Do the shares I purchased exist?” That is a good question for Schwab’s back room department and clearing house. Schwab is a respected brokerage firm. Many shareholders take physical possession of their share certificates for various reasons. There has been speculation as to whether or not the back rooms and clearing houses kept up with the decade of high volume of share transactions.

I’m not sure I understand Bluejay’s reference to crooks but will give it a try to flesh out his thinking. A Pink Sheet company is supposed to have a registered market maker. It’s a rule, unlike the Bulletin Board or the gray market. (I still don’t have an understanding of this gray market business.) A registered market makes must execute what the specialists or market makers call an “orderly market” or if he has a true book on the “market size” (bid and ask prices and volume), he can make a match.. That means that a stock should not trade (fluctuate) from $0.0877 from $2.00 and back to $2.02 in a couple of trades. Bluejay wants to know the buyers and sellers because someone either made an obscene profit or suffered a monumental loss. Either way it is not allowed, therefore it was against the rules or crooked. Maybe someone else can help with this.

I can attest to the honesty of trading when the Sixteen was on the Pacific Stock Exchange until the last weeks before it closed. The specialist made an orderly market. Then trading took a questionable path to my perspective. Now, the very limited market the company offers, as a service on its web site, is an honest market. I may not agree with the values of the trades, but it is a true representation of a limited market place. I cannot comment on your specific trade because last time I checked, the company had no market makers to maintain an orderly market. It’s not something I can hire but I have sought them out in the past.
 By lj

04/02/2009  3:50PM

I don't understand this reference to "pink sheet crooks." I heard about the Sixteen to One. I have a couple of brokerage accounts. Although TDAmeritrade did not list OSTO, Schwab did. I placed an order, and bought shares. Do the shares I purchased exist? I thought that buying stocks on the pink sheets was legitimate. Since I have never bought a stock from an individual, I would have thought that such deals would be called the grey market rather than the practice of buying through a broker. Does the Sixteen to One hope to stay out of the regular market? I really don't understand.
 By bluejay

04/02/2009  12:59PM

Check out the link below for proof that the Pink Sheet crooks do, in fact, have a license to steal.

Check out the chart shown to see what someone did to a poor seller one day on Sino Gold(SIOGF) operating in China. A 22,000 share transaction took place at $0.0877 down from the previous sale at about $2.00 the day before. The next day the stock opened at $2.02 and then was sold down a little. Guess who was selling?

If the second seller received an average of $1.90, that works out to about $40,000 hijacked from the previous day's seller.
 By Rae Bell

03/12/2009  10:09AM

Rockroby, you can buy stock. Please look under "stock" on this website to see recent bids and offers or you can try making a purchase of OSTO on the pink sheets.
 By Rockroby

03/12/2009  8:39AM

When will we be able to buy stock in this great gold mine?
 By bluejay

03/12/2009  8:10AM


Your previous question needs clarification.

 By Rockroby

03/12/2009  7:39AM

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

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Alleghany, California 95910

(530) 287-3223      
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