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Message: CEO of NKL on CNBC..How to save the Venture Exchange & watch GRE .V

PROPHECY PLATINUM ..(NKL) CEO on CNBC
http://video.cnbc.com/gallery/?video=3000181401

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How to Save the Venture Exchange

by Calico on SH

The solution to ensuring the survival of the TSX Venture exchange is quite simple. Ban shorting, all shorting of any kind. That's it, nothing more, nothing less. If shorting were not allowed, a company could stand on its own merits and attract investors who would step in and buy shares, assured these shares would not be ripped to shreds by shorters. Shorting is unbridled theft, plain and simple.
If I had $10,000 in a bank account and anyone was allowed to withdraw from it, without charge or penalty, what do you think would happen? The account would soon end up with a zero balance, I would be out $10,000 and those who robbed my bank account would be enriched by the amount they had stolen.
Similarly, let's say I own 10,000 shares of Company A, which I bought and paid for at say 20 cents a share, using $2,000 of my own money. Broker B steps in and sells 10,000 shares of Company A which he didn't buy at let's say the same 20 cents per share. That broker just pocketed a cool $2,000, without investing a penny. Did he get my permission to sell my shares. Of course not. Do I get compensation for those shares Broker B just stole from my pocket? Of course not. Is this fair? Of course not. Is that broker every required to buy back those shares? I'm not sure, but I doubt it, because the fox appears to be watching the henhouse. The fox won't stop stealing hens until someone shoots it. Even if broker B does buy back those shares, he's already reduced the value of my 10,000 shares of Company A. Furthermore, he can sell another 10,000 shares, and another 10,000 shares, and another 10,000 shares in Company A, ad infinitum, forcing its shares to plummet. What do I, the legitimate investor, get in return? Nothing but grief and worthless shares.
Shorters would have us believe that shorting helps create what they euphemistically call "an orderly market." That is a self-serving myth, used to shore up their baseless argument and keep my money and your money flowing into their pockets. Shorting has, to use the words of Watergate's Sam Ervin, "no redeeming social value". In short, shorting should be banned completely from the Venture Exchange.
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I don't know why one would sell after NKL closed a financing and the drills are turning with assays due in two months.

I hope you have some profits so you can write off your loss.

Watch what the stock will do in the next 2 months!!

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ONE TO WATCH? From SH by.. Green Monday

GRE .V ... CHINA GREEN STAR AGRICULTURAL CORP.

The name change is a small step in what has been a series of steps in transforming the image of this company since late last year. I'm in favor of dropping “China” from the name given that most of the company's business is international in nature. Having China in the name would suggest a domestic focus and of course automatically associates the company with the negative stigma of being a Chinese company.

I doubt the name change is the end of the image transformation this company in undergoing. The initiation of the dividend, the influx of Canadian directors and now the name change is probably just the beginning IMO. There is still lots of work to do on this front and mgmt is aware of this I'm sure. Ultimately though, it's the company's results that is going to win investor confidence and they've been delivering them in spades.

We've seen a good run in the stock but I think that anyone who's selling here is still giving away their shares. All we've done is gone from asinine, insane undervaluation at the start of the year to ridiculous undervaluation now. We have a growth company with a squeeky clean balance sheet trading at 3.5 times trailing earnings and below book value. You can make the case that there's political risk in China but that doesn't justify the type of crazy discount the stock still trades at. A popular way to value a growth company is to use the PEG ratio. A ratio of 1 is considered fair value. Assuming just a 15% growth rate in earnings, the fair value of GRE using trailing fully diluted EPS of $0.33 would be $4.95. Knock off a healthy 35% if you want to account for "political risk" and you get about $3.20.

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