September 26, 2017 
 Tuesday 
 
 

Forum
Topic:
Stock exchange listing

       

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 By Rockroby

03/21/2008  7:34AM

U.B.S. Financial,about $25.00 for such a small amount..if i bought say 50 shares of hl it would cost double that.I have another account
have not used it to get Sixteen to One stock yet & am thinking about getting a third,,Wells Fargo because a stock broker i know & trust kinda just started working their.You can't keep all your eggs in one basket can ya Bluejay,,,i have stuff at home too but i worry more about getting ripped off then i do U.B.S. folding.
Gold that's what they want to see,,now if you could put a flashing add on Kitco not sure what something like that would cost.One of the problems is the market cap of 5 mil & it goes up and down when we all know it's worth 23 mil plus without the gold/////
 By Gold Poachers

03/20/2008  1:32PM

What brokerage firm did you use? What was the broker’s commission for the 500 shares at $0.39?
 By Rockroby

03/20/2008  11:35AM

Just put in a bid for 500 shares at .60 cents or better & i got it for .39 cents.So far these market makers have not brought it back down like they seem to do when i start buying...a lot of the other metal stocks are falling like nuggets out of my pan so a 30% increase looks good for the Sixteen to One.Not sure why they won't take a bid for 10,000 shares at .50 cents or more,i would have got a thousand shares@.39 cents will have to wait.
Have a good Easter everyone
 By Michael Miller

02/12/2008  11:37AM

A shareholder sent me the following exchange:

Morgan,

How does the Grey Market work? 21,000 shares just traded at 0.27 even though I have a bid in for 0.55. And there’s a friend of mine who has a bid for 10,000 at 0.50. And yesterday two transactions went through for 300 shares at 0.25 . Who’s arranging the sell below higher bids? Should I try a large volume bid at a much lower price just to see if it goes? There’s actually a bid for 0.80 on the web site.
Thanks, Sterling

Hi Sterling,

Let’s say ACME Securities and Jones Financial Group both make markets in OSTO. That means both firms must be willing to buy and sell OSTO at any time during the trading day. Both firms will post a bid price at which they are willing to buy, and an asking price at which they are willing to sell. So let’s say we open the day with the following spread:
ACME Bid $0.40
Ask $0.70
Jones: Bid $0.38
Ask $0. 60

You come along and place an order with Global to buy at $0.55. We have to place the trade with one of the market makers. So let’s say your order gets routed to ACME. The spreads now change:
ACME Bid $0.55
Ask $0.70
Jones: Bid $0.38
Ask $0.60

Note that Jones is not required to reflect your bid, since they don’t have it. Now, someone in the world comes along and sells shares of OSTO through Jones. The trade occurs at their bid price of $0.38/share, well below the price you are willing to pay..

Hope this helps. Morgan
 By Rae Bell

04/27/2007  8:43AM

This OSTO stock has been haunting us for many years. Back in the days when we were listed on the Pacific Exchange the price for OSTO remained on par with OAU.

Over the years several brokers and even our market maker at the Pacific Exchange tried to track down who was doing the trading. To no avail.

My suggestion is that those who have the means should be buying OSTO so that the price will move up to reflect the true value. At the current price there is little to lose.

In other words since this ticker symbol is out there can we use it? Can people sell as well as buy? Bluejay???

Here's my disclaimer: This is not a recomendation to buy or sell Sixteen to One Stock. You do so at your own risk. My opinions are my own and do not reflect the opinion of the Corporation.
 By Crush

04/26/2007  8:44PM

Mike, if this is really going on, cancel the ex-mart, ASAP.

Sometimes we make faces and pretend, but when crush time comes, we speak our minds. (Can you tell that I've been home-schooling?)
 By martin newkom

04/26/2007  7:58AM

what amount of market cap. does
it take to get listed on amex
or bulletin board. emgold which
owns the Idahoe-Maryland may be listed on toronto and elsewhere
 By Michael Miller

04/26/2007  7:50AM

I recently received the following note from an outraged shareholder. Gee, at this price one could buy all the outstanding shares and thereby own the whole enchilada for $1,200. Here is a suggestion for some industrious person with an industrious stockbroker:
research this gray market and bid


“ Mike,

That gray market guy let 300 shares trade at .0001.

What a jerk! This is pure stealing.

I can't imagine letting 300 shares trade there when a
better market exists in Alleghany. He knew we had a
much higher bid because you told him. Now he'll try
and sell it on the X-Mart, probably through one of his
family members or one of his friends.

He bought the 300 shares for a total of 3 cents, if
you can believe that.”


Does anyone know what to do about this? It isn’t right to let our fellow shareholders get screwed like this and it is not good for the company either.

For more information about this “gray market” go to Correspondence from the President, 04/02/2007 4:59pm.
 By martin newkom

04/03/2007  6:25PM

For those of you who hold your
16 stock in "street" name I
have ordered my shares out from the broker into certif. form. All others who haven't
done so should bear the expense
and do likewise as I have. No
fool'n.
 By Michael Miller

04/15/2006  4:40PM

For many gold bugs or investor/speculators, it’s all about the stock challenge. Our market situation has been of interest to me from the moment I became a shareholder in 1975. An article in the Economist revealed a fresh view of market value. Thought you may ponder its underlying theme. (I was recently advised to get Original Sixteen to One Mine on the Icelandic, Irish and Chinese Exchanges from a man well versed in global energy.)

Anglo American, a gold mining giant, announced it would sell 10% of its stake in AngloGold Ashanti (the third largest gold producer in the world). Anglo American’s interest will be reduced from 51% to 41%. Why is a company keen on mining getting out of gold? The answer is that at the moment, the market places a big premium on the share of companies such as AngloGold Ashanti, which are pure “gold plays” (hint- hint- hint). Since AngloGold Ashanti’s “gold premium” is not fully reflected when it is folded into Anglo American, it makes financial sense for Anglo American to sell some of its shares to unlock that premium. Accounting rules mean that once its shares of AngloGold Ashanti falls below 50%, the value of that holding can be reflected in its books at market price, as an investment.
 By hapbird

11/04/2005  5:58PM

Makes you wonder if its just better off to live underground...
 By SCOOP

11/03/2005  1:46PM

The Sixteen to One mine has been a year-round operation with a few intermittent closures for harsh weather. Old reports talked about the mines stock-piling winter supplies, which was a tidy sum of money for all. The family type small operations usually took a break for winter. The Sixteen to One, Oriental, Plumbago and others in the Alleghany Mining District continued mining year round. The men had families to feed and needed to work. The hardships of winter were getting to work and back home, fixing a broken truck or other equipment in the snow and frozen water pipes. Once underground the temperature is a stable 50 degrees.
 By hapbird

11/02/2005  1:15PM

Does mining activity usually shut down this time of year or later when the snows hit? Or does it remain active all year around?
 By Michael Miller

09/07/2005  1:08PM

Our gold collection was secured for the bank loan. The only remaining bank loan is for one of the trucks, so the gold collection is no longer encumbered by the bank. The $400,000 loan is secured by our property in Alleghany with a private lender. We have discussed the means of repayment and have agreed that the loan will not be called as long as our inventory remains above the loan value. So, if we sell the gold collection, we pay off the loan.

The crew in Alleghany has been shrinking because of little or no production this year. There are currently eight at the mine. Financial times are tough, and we need to cut back soon or mine into the pocket we are seeking off the 1000-foot level. All the miners are employed by Morning Glory Gold Mines (MGGM), which has the workers compensation insurance that was unavailable to the Sixteen due to past debt. MGGM provides the labor to the mine at no additional cost to the Sixteen. No one likes this situation, but it was the only way to keep the mine operating.

As far as the well being of the mine, it will always be decaying. Wood will not hold up underground, and we have miles of levels and other working shored up with wood. A decade ago we began using metal. It is the best way to go in those areas desired to keep open over a long period of time. As I have stated before, our small number of underground miners makes it difficult to maintain the workings and mine for gold. For that reason we are limiting our work area to the 1100-foot level.
 By Michael Miller

06/06/2005  1:59PM

June 6, 2005

Securities and Exchange Commission
Division of Corporate Finance
Washington, D.C. 20549

Re: Original Sixteen to One Mine, Inc. (File No. 1-10156)
P.O. Box 909
Alleghany, CA 95910

To: Patti J. Dennis

Thank you for the time over the phone on June 3, 2005. The Registrant acknowledges that it is out of compliance with its reporting requirements under Section 13(a) of the Securities Exchange Act of 1934. Registrant requests time to bring itself into compliance. Shareholders, the public and the United States will mutually benefit.

I have been associated with the Registrant as a director since 1977, and as its president since 1983. I declare that the following is a true and correct representation of the history and status of Original Sixteen to One Mine, Inc. The company was founded in 1896, incorporating in California in 1911. There are 1334 shareholders of record. Some current ownership can be traced back to the founders. Ten shareholders hold the majority of shares outstanding. The company has a very stable ownership.

The company began reporting and trading on the Pacific Stock Exchange in 1989. Its history goes back to the San Francisco Mining Exchange in the early 1900’s prior to the Securities Exchange Act of 1934. When the Pacific Stock Exchange ceased its operation, small single market companies were left without a home. A number of other events were unfolding as well, which left the company insolvent and overwhelmed. They included: a ten year bear market for gold, lack of interest by investors, who were enamored with the dot-com bonanza, overzealous regulators, who honed in on the mining industry, scofflaw private lawyers (usurpers) preying on rural California, obscene electrical power costs and rising workers compensation costs (in California).


The Registrant plunged into an economic abyss and could not pay its bills. The miners went to work on a percentage, the small office staff took a pay cut and the president took no salary. Unfortunately the independent auditor was not paid and could no longer conduct its audit. Therefore, the company was no longer in compliance with the reporting requirements. One by one the past bills are being paid. I am confident that the company will be able to pay the delinquent auditor’s bill at the close of this year or about six months from now.

Registrant made a decision to do all it could to satisfy the intent of the Securities Exchange Act of 1934, and continues to file its financial reports. The reports clearly state that the filings are not in compliance. Registrant also has remained in contact with its auditor, who completed a physical inventory at the close of 2003 and 2004. The effect of this is that the auditor will be able to account for the current assets as reported in the unaudited reports.

Everyone associated with this fine old company has worked diligently and fairly to survive. We know the sacrifices are worth the eventual outcome. Original Sixteen to One Mine, Inc is America’s oldest gold mining corporation. It is important to the workers, the community, the owners and eighty other families who make their living by adding value to our product (quartz and gold). By allowing us until the end of this year to regain compliance, the Commission should receive praise. An example of a similar situation occurred with our electricity provider. Our electrical bills grew to just under $100,000. There was pressure from some people to shut off the power. We asked for understanding and time to work our way out of the crisis. It worked, and we made our last payment this month by mining our way out of the financial hole. The auditors have moved to the next position for pay back..

I do not know what else to say. We are very small players in the complex corporate America scene, but we believe our country is a better place with companies like ours participating in the business world. Our desire is to be a SEC reporting company in compliance. I am dedicated to make this happen.


Sincerely yours,
Michael M. Miller
President
 By Michael Miller

11/24/2004  7:12PM

Hi guys, glad you are back and thinking.

It will cost about $125,000 to get legitimate exposure on an exchange, which one remains unknown. The breakdown is $90,000 for SEC registered independent auditors and the balance for exchange fees and related costs. It is our intent to accomplish this as soon as the company can afford to move its resources towards this objective. Right now the mine is crying for money and, after all, we have survived for almost 100 years by taking care of the mine first. Talk about other motives of management is nonsense, perhaps coming from well-intended but uninformed sources. So let’s not go off on the deep end again like some did regarding the safety issues (MSHA regulated) in the past. Remember all those entries on the FORUM. See it was all nonsense! We have not changed the way we deal with safety, but under the new leadership at the Department of Labor in Washington DC, MSHA is moving towards responsible regulatory behavior instead of the litigious approach it had under J. Davit McIntyre. Here is a scoop that SCOOP did not chose to write in his column, Clips From Alleghany: a MSHA employee was one of the participants on this FORUM. He is obsessed with the Sixteen to One mine and wanted to hurt its operation.. It is not management’s current priority to expose him. He is a insignificant blip on the screen of our existence, but he stirred the kettle for some of you. He may have been working with a rich guy in Florida, who blabbed his mouthing off about bankrupting the company so he can take it over. Why doesn’t gold specimen collector step forward and join a really dedicated group of people, who will persevere and make this great mine and company profitable over the long run? Original Sixteen to One Mine Inc. is an American leader in traditional gold mining in the United States? Why, you may ask? This rich man has a warped personality that gets its kicks in stomping on and stealing what he wants. It won’t work. The mine is too rich, the owners are too secure and the work force is too dedicated to let it happen. So, now you know, the MSHA employee knows that he has been made and the rich dud knows that he is exposed to being busted. Get a life!

The OAU X-Mart works! It is a fair market for buyers and sellers. Yes, it needs exposure. For those of you who want more activity, go on-line to the various web sites where gold advocates seek information and tell them to check out www.origsix.com. This is not my job but everyone will appreciate your effort, especially if all those gold investment seekers are exposed to a proven stock market gold play and not ones that really have nothing but a budget to hype their stock. Please remember: most of the small gold companies are nothing more than stock plays. There are two in our area and there will be more as the interest in gold increases.

Have a great and safe holiday.
 By RyanBaum

11/24/2004  1:52PM

I would be interested in any updates on whether we think we can at least move OAU to the OTC.BB market.

Yes, trades can be made via the Stock page but the inconvenience will not bring new investors to the market. How can we expect to increase our investor base or prepare to raise new capital if our stock is more frozen than local bank shares?

As gold crosses 450, I can see that my NEM has performed better than OAU—how disappointing. When I think about future investments, placing an online trade with an existing brokerage account is a lot easier than going through the process listed here.

Since we’re already filing the 10Qs, I can’t imagine that getting listed on the bulletin boards would be that costly. Or is the real issue that we want to be treated as a closely held corporation?

Happy holidays,
Ryan
 By studbkr

04/08/2004  2:26PM

Greenhorn: Click on "The Company" link at the left. 12 million shares outstanding, which allow you to calculate Market Cap. In terms of forecasting revenue, all of the Annual Reports I read say that the geology of this mine, with rich pockets, makes it impossible to predict revenue. It's not like a giant heap-leaching mine in the Nevada desert! (Disclaimer: I'm a small shareholder only. My advice may be worth no more than what you paid for it!)
 By greenhorn

04/08/2004  9:25AM

I'm considering buying some stock, but wanted your views on some investment-related questions. What is the current market capitalization of the Company, based on recent trades (say, 80 cents/share)? Do you have per-share earnings forecasts, and what are they? If you don't have specific forecasts, what kind of gold production would be needed to produce, say, 50 cents/share earnings for a year, and when were the last two or three years in which such production occurred?

Thank you.
 By bluejay

12/18/2003  8:47AM

JQP

I have always tried to help the shareholders.

You don't apply to be traded on the Pink Sheets, you are admitted to the Pink Sheets by a Member request and we are already listed there.

There are no filing fees and there are no financials required.

It seems like a good idea to put out some news releases and talk about our assets within a rising gold environment and the potential for those assets to produce profits. Mention that we need financing because the price of gold has risen to the point where it makes good sense to now get serious about developing those assets.

When a news release is put out to the investment community who knows who might respond with financing or develop an interest in the Company. Pay a premium price for a news release to make sure our message is heard all the way to Asia and Europe. These people are in the habit of investing in foreign gold related companies because of the shortage of gold mining companies in their own individual countries. People in the UK and in Japan have always had a healthy appetite for discovering that unknown little gold company. Give them what they want!

This is the environment in gold where the Company will get a real bang for its buck for putting out news to the investment community. There is money out there that wants an exciting gold idea to invest in. Even if nothing too exciting happens, atleast you have sown some seeds of goodwill that should be harvested at a later time when the gold prices are at a higher level.

You never know until you try.

Explain in the news release that we were once on the Pacific Stock Exchange but were delisted because our share price fell below the $1 share level. To the investment community this event will appear unfair to our shareholders.

It is in the nature of smaller gold mining and gold exploration companies to be in sporadic need of new financing. This is nothing to be ashamed about here. The more important thing is that we have kept ourselves alive and the Company is still in position to prosper from rising gold prices.

Oh yes, mention the gold slab potential. Mention that we are the only company that can provide this type of material to the jewelry industry. Mention on the release we can't even export this product because local demand can not be satisfied. Mention that we need the money to produce more product for profits.

When the money comes in we can take care of all that accounting business later. The most pressing thing now is to get our message out.

Stephen Wilson

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© 2017 Original Sixteen to One Mine, Inc.
PO Box 909
Alleghany, California 95910
 

Phone:   
Fax:
E-mail:
 
(530) 287-3223      
(530) 287-3455
corp@origsix.com
 

      Gold Sales:  


(530) 287-3540

goldsales@origsix.com
 



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