November 18, 2017 
 Saturday 
 
 

Forum
Topic:
Stock exchange listing

       

Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8 | Page 9 | Page 10 | Page 11 | Page 12 | Page 13 | Page 14 ]

 By Michael Miller

03/07/2014  2:10PM

Rockroby,
Just because, I am willing to but 750 shares at $0.25 ($187.50) but I do not have an E-Trade account. I want a certificate in order to secure my ownership. Any ideas on how to do this? I have one idea. If any reader of this forum has an E-Trade account and purchases these 750 shares, I will send them $235.00 for the certificate.
 By Rockroby

03/07/2014  7:33AM

The sell order is through E-Trade and only for 750 shares, if I went through my UBS account for the 1,000 it would have a better chance of being filled.
If it's a all or nothing order? it's not going to make it. It would be pricy and big loss going through UBS...
Sloppy writing, out/out have a great weekend all, I'm going placer mining.
 By Rockroby

03/07/2014  7:01AM

Hi Fred
Good news, looks like the miners did pull out fifty or more ounces out in 2013.
Just to see what happens I put in a sell order at .25 cents, not that I want to sell it's to see if we can get some positive movement going.
Thanks
 By fredmcain

03/07/2014  4:38AM

On the subject of our "grey" shares, the last trade was for six cents. Now for several days I have had an offer in my brokerage account at Vanguard for 1,000 shares at 25 cents.

So far there has been no takers. What gives? Makes me a little suspicious. What if I changed my offer to three cents? Maybe then those ding dongs would sell. I just can't figure.

Regards,
Fred M. Cain
 By fredmcain

03/06/2014  6:03AM

Does anybody on our forum know if there are any other small, publicly traded mines that are mining with rail?

I have found The Original Sixteen To One and The Ruby Mine. Are there any others?

You may post this information or contact me off list.

fredmcain@bringbackroute66.com

Regards,
Fred M. Cain
 By fredmcain

03/05/2014  4:43AM

Mike,

Thanks for your post and update. The posts you mentioned from 2002 and ’07 are most interesting and informative but it’s still nice to get an occasion update.


Obviously, I must have some faith in what you are doing or I would not have bought shares in the mine. Is it high risk? You bet! But you have a most fascinating and historic operation and I have a desire to be a part of that in the only way I can right now.


I would like to mention something about risk. All investments have a certain amount of risk and not everyone has a firm understanding of risk. If you put your entire life’s savings into an F.D.I.C. insured bank account, you are STILL incurring risk. In that case you have a high risk of seeing your investment get eaten alive my future inflation. I know so many people who just simply do not understand this. They wouldn’t touch any stock with a ten foot pole ‘cause stocks are “too risky”. Better to put it in the bank where “it will be safe”. Wrong – dead wrong.


A pretty safe way to invest for the long term is in a mutual fund. Mutual funds spread your investment around over a large number of companies which lowers company risk. In the case where one or two companies “blow up” and go bankrupt, it doesn’t affect your overall investment very much.


An excellent way to invest in mining is in the E.T.F. “XME” which is actually a fund that invests in “baskets” of mining stocks and is traded daily on the open stock market. But operations like the Ruby Mine or the Original Sixteen To One are just plain fun so putting a little bit into to those doesn’t hurt a bit. As things stand right now, I am satisfied with my investment in the Sixteen To One.


I would really like to know where we stand on the legal situation (the Clean Water Board) mostly out of a friendly concern more than anything else because it really does affect us all. Someone suggested that some of these topics would be more appropriately addressed over the telephone than on the forum and I agree.


I would love to call you and talk to you about this but I know you are very busy – and so am I :) Nevertheless maybe we’ll finally get around to it one of these days! The shareholder meeting? I’d just LOVE to come but it’s not looking very promising from my end this year, either. Oh well. Maybe someday.


Regards,
Fred M. Cain
 By Michael Miller

03/04/2014  6:13PM

Most small traded gold mining companies will never show “some color”. Their game is always a promise, called in mining lingo, exploration. The fearless ones combine some words to suggest that some color may be beneath the surface of claims they operate. Those fearless ones are betting that authorities will not come after them for stock fraud and manipulation.

Check those junior financial reports closely, especially the revenue of the income statement. Do they show revenue from gold? Most do not. Check the balance sheet as well. Most small (and surprisingly Barrack and Newmont) continue to issue millions of shares each year. Dilute, dilute, dilute. This is how they fund exploration.

Most small gold mining companies do not own the land they plan to mine. Even most of the big guys don’t own the real estate; they maintain a mineral right subject to the federal government’s laws. How secure is this? Do you know that a major concern of all natural resource companies is that once they invest millions of dollars outside the US, governments are changing the rules. Companies are walking away from serious investments due to government fickleness. Today those few companies that actually mine gold on unpatented mining claims are concerned about Congress passing a new royalty on production.

The means for Fred and lj to grab their concerns are already explained here. I looked back to when this topic first appeared and read input from AuHound (May 15, 2002) and Bluejay (June 15, 2002. It is a worthwhile trip. My first participation in this topic was on June 7, 2003. When you get to April 26, 2007, a letter from an outraged shareholder appears. Interestingly a reference to April 2, 2007 in Correspondence from the President topic adds fuel to the stock pricing situation.

Many qualified people with valuable information have participated in this topic. For Fred and lj, there is much for you to ponder about your questions, especially Fred with his writings in How to Approach Thin Veins & Costs. I highly recommend you start here. More comments tomorrow if I can get away from the mine.
 By lj

03/04/2014  12:40PM

I should have saved the financial statements that came with my shareholder package. I am assuming that the Sixteen to One has liabilties that must be considered when looking at the assets. In addition, I consider "legal skirmishes" to be potential liabilities,

The news page of this site doesn't have news of any finds of gold, even in insignificant amounts that I can find. Really, we don't even know that there are miners actually working in the mine. If not, the chance of finding gold is pretty low. But if we want the share price to represent the real value of the mine rather than the "badly undervalued" price, investors need to see some color.
 By fredmcain

03/04/2014  9:56AM

Dear “Lj”,
By and large, I tend to agree with most of what you’re saying here. Anything, be it a pair of pants, a stereo, an automobile, a house or a SECURITY is only worth what people are willing to pay for it. As far as I’m concerned this means that shares of OSTO are worth somewhere around five to fifteen cents each right now.

As far as Mr. Miller supposedly insinuating that the shares traded on the pink sheets (“grey” shares if you will) aren’t “real”, I didn’t quite get that from what he’s said in the past. He has actually intended to mean (I THINK, I hope he corrects me if I’m wrong) that his shares are badly undervalued and the big brokers who trade large blocks of his stock are completely unfamiliar with his mine and might not know what they’re doing. Indeed, he might be right about that.

For a case in point, if you take all the shares outstanding and multiply them by 0.07 you get a figure somewhat over a million dollars. That is actually LESS than the standing timber on the mine’s property and the real estate around the mine are worth. Something is indeed wrong with this picture.
So, although I stick by my premise that the shares are only worth around 7 cents right now (because that’s probably all you’d get if you sold them at the moment) they may ultimately be worth more at some point in time.
Consider also that there are a couple of other mining companies that have publicly traded stock, too, which is also trading around the same (or worse) as OSTO. North Bay Resources (The Ruby Mine) is trading for three cents. Emgold has been stuck around three cents as well for over a year now. Sutter Gold has been trading up and down between about 10 cents and 28 cents over the last year. Are their shares undervalued as well? Who knows? The only danger in owning them is if the company goes out of business altogether – then you’re stuck.
What *I’D* like to know about OSTO, is how much of this mine is actually being operated right now, how much is flooded, how to we get the mine dewatered and the operation expanded and where do we really stand on a couple of legal skirmishes? I hope that at some point in time I might find the answers to these questions but I can also understand that it might not be prudent for Mr. Miller to post them on this forum.

Regards,
Fred M. Cain
 By lj

03/04/2014  7:47AM

I have re-read some of this thread, and am still wondering about the so called "grey market shares." I hold shares in the Sixteen to One Mine in my brokerage account. I also hold shares of Apple Computer. I assume that Charles Schwab is reputable, and that my shares of both have value.The value of anything is esentially established by what a willing buyer would pay for it, and a willing seller would sell it for, so the price of the shares of either of these is unimportant. I am not going to bother having my brokerage produce certificates for either aapl or osto. But statements in this discussion seem to imply that somehow the Sixteen to One Mine shares at my brokerage are not "real." Mr. Miller has does nothing within the discussion that I can see to support, or establish that the Sixteen to One Mine is a real company that deserves to be traded on the open market. Rather, he implies that only the shares signed by him are real. I would think that having shares traded on the stock echanges is a good thing. Am I missing something?
 By Rockroby

02/27/2014  6:55AM

Hi Mike
And all the other miners and investors out their. Would be buying more Sixteen stock but have just started working again and see other miners that are undervalued also..
Scoop did mention you found some gold in 2013!!! My question would be how much?
I know that you and the rest of the crew are going to hit one of the many plums that are left....
Just a matter of time and when my finances are back in order will be bringing that market cap back up.
May the next blast turn Golden!!
 By Michael Miller

02/26/2014  1:08PM

Here is my response to the reports of share trades for pennies.

They are naked trades or sales between confidants. I find minimal reasons for anyone making naked sales. I find many reasons for someone “trading” shares at low prices: devalue the Company in order to gain an advantage; jealousy; force us into a compromising position and then come to the rescue.

Likely these people are familiar with the mine, maybe they follow the FORUM. I certainly don’t fault their game. Original Sixteen to One Mine, Inc. is the most undervalued gold producing company in the United States if these pink sheet prices are used to compute market value. I just reviewed the 11/07/13 trades. The pitiful game began at 12:40pm…18 cents. In less than two hours shares dropped to 11 cents (the ‘market value” of my company dropped $1,914,000). Wow! It only took four trades. Do any shareholders or readers with any knowledge of our mine and miners trust the truthfulness of these transactions? I’ll answer that. No.

My guess: if the buyers and sellers are actually working together, they are not existing shareholders. I echo the remark by cw3343 to the buyers: order your share certificate. I personally sign each certificate and they are all numbered. Remember that a seller must turn in his certificate before shares are listed for sale on the FORUM. Your thoughts are encouraged.

The French have a proverb “skeptics are never deceived”. A Latin proverb is “believe nothing and be on your guard against everything”. Nietzsche wrote “great intellects are skeptical”. I have a proverb. “Truth like gold rests at the bottom.” Oh, the total purchase/selling price to knock almost two million dollars off our market cap was $3,427.40. Wow!
 By cw3343

02/25/2014  3:19PM

someone bottom-fishing again today on the pink sheets.

whomever it is, order a certificate out if there is no cost.
 By cw3343

11/07/2013  12:12PM

Fred:
This is time and sales (was not me or anyone I know). Looks like you were the one at the end.

179 11/05/13 02:33 0.1100 5,340


178 11/05/13 02:33 0.1300 17,000



177 11/05/13 12:57 0.1500 3,000


176 11/05/13 12:40 0.1800 1,000
 By fredmcain

11/06/2013  4:15AM

Bought another 1,000 shares yesterday in my IRA with Vanguard at 18 cents. Right after I did it, someone dumped over 26,000 shares causing the share price to plummet to 11 cents. Go figure.

-Fred M.Cain
 By martin newkom

09/14/2013  2:15PM

Chas. Schwab grew up in Woodland
Calif. a sizeable Agric. town
north and west of Sacramento.
Most folks there and in Yolo
County speak very highly of"Chuck".When he started the
company his Number two office was not in New York or Los Angeles,Schwab established it in Sacramento, perhaps recognizing the values in Northern Calif. And the fact that one other firm, Dean Witter
had placed its Number two office
in Sacramento prior.
 By bluejay

08/29/2013  9:56AM

FYI

I have a family members who left Fidelity because the higher ups were doing uncontrolled insider trading.

I have personally met Charles Schwab on occasions and find him to be an honest and reputable man. That's where we have our account. My close friend was an officer of the company who recently retired and he has always told me, "Schwab is a great firm."
 By gerald vittitow

08/28/2013  1:14AM

thelast trade price is what people everwhere see as a share price you suggest i learn the basics. i have made a few trades this year and have made some money . how are you doing?
 By cw3343

08/27/2013  5:00PM

who cares how many offices Fidelity has and what their "price" is. That has zero bearing on anything.

To get the real current price, you have to work at a brokerage, or call a trader or someone with Level II quotes who can see the various bid/asks and what prices they are currently at. This changes often, even intra-day.

The last trade price makes no difference on an illiquid stock. Learn the basics of the markets/trading (or lack thereof) and it'll do you good.
 By fredmcain

08/27/2013  2:03PM

Could it be, could it just be that fear over pending litigation is impacting stock valuations? Those are the kinds of things that penny stock and micro cap investors look at when deciding whether or not to invest. If we could somehow, someway, just put the litigation issues behind us then I would not be the least bit surprised to see share valuations soar.

Regards,
Fred M. Cain

Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8 | Page 9 | Page 10 | Page 11 | Page 12 | Page 13 | Page 14 ]

 

  
 
© 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
 



Design & development by
L. Kenez