November 21, 2017 
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Topic:
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 By Michael Miller

08/16/2014  6:24PM

Fred,
Some really experienced people have tried to figure it out. You may not know this but a driving force behind me is issuing gold dividends. It can be done in our corporation because of the shareholder make up and share outstanding.

In 1995 our new detection technology and talented crew filled the safe deposits vaults of two banks in Grass Valley. My board of directors authorized my long held wish to start a dividend program. This Company has a history of dividends unequaled by any American gold mining company. The owners were handsomely repaid for their loyalty and financial/ management. How great it must have been to see those checks arriving all during the depression. I heard many stories from shareholders as I canvased California for proxies to redirect a stagnate board (1975-83).

The dividend caused us to establish a background on how to accomplish the deed. It is like most challenging things: the first time is usually the hardest. The paper work for a gold dividend will be a minor adjustment from a cash payment. The implications for cash vs gold are major, however, and still one of my burning desires.

It will be revealing when the holders of shares in street name are sought and their addresses, when the board of directors authorizes another dividend, this time from our inventory. The legal guideline the Company will follow will be the Record of Shareholders that have been meticulously maintained for over 100 years.

Perhaps then we all will have the answer to the question, What is going on with this odd grey market?
 By fredmcain

08/15/2014  12:46PM

During the course of the last year and a half or so, I have been in the process of buying shares on the so-called "grey market" and personal finances have allowed. I bought some in my tax-sheltered IRA at Vanguard and more recently I have been trying to buy some through PennTrade - with the intention of eventually getting a certificate for those.

What I have noticed is that during the last six months or so this is getting harder and harder to do. It seems they just no longer trade and on those rare occasions where they do trade, someone else gets them.

There have been several instances where shares changed hands for a price that was nearly HALF of what I was offering and yet they were sold to the buyer at the lower price. Go figure.

Fred M. Cain
 By cw3343

05/20/2014  9:25AM

Re: your last sentence below.
Not all stocks that trade on the OTC market are shams, or trade in shady illiquid back room deals.

Many large multi-nationals have de-listed from the NYSE and now trade OTC, such as Siemens, Nestle, Hitachi, Deutsche Telecom, etc.
(this not an endorsement of any of those names, and I have no positions - just using them as an example)
 By fredmcain

05/16/2014  4:25AM

cw3343,

Most interesting. I did not know that stocks were still being traded that way. That might be why I'm having trouble. Maybe no one at Vanguard is watching this or "picking up the phone" like you said.

Also, I had some one tell me that OSTO does not participate in the electronic "DRS" whatever that means. Not sure if that's a related issue or not.

All this leads me to believe that you should buy your OSTO shares while you can 'cause the day might be at hand when this is going to get cut off.

I had one broker tell me that our current government "will have no rest until they succeed in completely shutting down the OTC market". I hope it doesn't come to that but.....
 By cw3343

05/15/2014  3:09PM

The first paragraph in the post below sums it up fairly accurately. The term pink sheets is derived from the pink booklet that used to get distributed in the old school days. Often you would not know the price until you got the printed Pink Sheets.

From my experience, some of the trading in OSTO is still done old school where the trader has to pick up the phone and call at least a few other traders to see if there is any stock for sale/size/price, etc. This makes it iffy for someone just entering an order on an online brokerage account.

BTW, on 5/12 it was 3 trades:

3000 at .171
400 at .12
14,600 at .18
 By fredmcain

05/15/2014  5:20AM

Bluejay,

I agree whole heartedly that something is just not quite right with the pink sheets. But I still don’t understand who would do this and why.


If a person had 4,000 shares of OSTO (OAU) why would they sell them at 18 cents and get $720 dollars when they could’ve sold them for 25 cents and fetched $1,000? I mean, doesn’t that defy logic?


Several possibilities come to mind. One is that the seller is doing some kind of a favor for the buyer through a prearranged agreement. Another possibility is that someone is manipulating the stock in order to help someone cover a “short”. (Short sellers borrow shares, not dollars, then turn around and sell them hoping to buy them back later after a price falls. But then if the stock rises instead of falling they’re in big trouble).

The third and most disturbing possibility is that someone is intentionally manipulating the stock forcing the price down because they figure they can take over our company later on the cheap. I hope not but that possibility cannot be completely dismissed. That is one problem that comes with having a very thinly traded stock like this. The stock is more vulnerable to manipulation than that of a big company on a major exchange.
I don’t know – no one knows for sure – but I have this suspicion that there are not millions, not billions but perhaps TRILLIONS of dollars of gold locked up in the quartz veins under that mountain. That may have quite possibly come to someone’s attention. If they can trash our shares then pick up the mine for a song, they will probably try.

Regards,
Fred M. Cain
 By bluejay

05/14/2014  9:25PM

As a result of your experience, I would guess the pink sheet's operation is criminal. The government agencies will never prosecute as their next jobs will probably be working for the same criminals. Markets use to be honest, things have changed.
 By fredmcain

05/12/2014  9:03AM

18 THOUSAND shares traded today at 18 cents! I didn't get any, though, even though I had a higher bid on them. But higher bids don't seem to matter much in this market. :(

Regards,
Fred M. Cain
 By fredmcain

04/30/2014  10:40AM

Looks like another 2,000 shares traded yesterday on the "grey" market for 10.4 cents.

And today - this is really weird - another 390 shares traded for the same amount.

That would yield the staggering sum of $40.56. Sheesh! Go figure.
 By fredmcain

04/25/2014  8:00AM

C.W.,

I understand what you’re saying. You might not have been involved in these trades in any way but it’s still fun to watch and follow, isn’t it?
There are some of us who suspect –even believe – that at 11 cents, never mind 9 cents, our shares might be very badly undervalued. I guess you can count me in on that. But, and I think this is important, the longer I watch this the more it is beginning to appear that some kind of a “floor” is beginning to form under the “grey” market share price.

Hope springs eternal.
Regards,
Fred M. Cain
 By cw3343

04/24/2014  1:22PM

A single block trade of 15,000 at 0.11

(again, just info - I am not condoning or endorsing anything in any way/shape/form)
 By cw3343

04/24/2014  8:41AM

for those who do not have access to info:

on 4/22 one trade 4600 at 0.09

4/14:
1000 at .19
1000 at .19
2000 at .25

(none of this had anything to do with me, and is for informational purposes only)
 By Michael Miller

04/16/2014  2:51PM

No one should be afraid of a purchase into this 100 year old corporation at twenty-five cents a share. Regarding the two comments below; how many shares were sold at $0.25?

Fear is like a fire: If controlled it will help you; if uncontrolled, it will rise up and destroy you. Human actions depend to a great extent on fear. We do things either because we enjoy doing them or we are afraid not to do them. This sort of fear has no relation to physical courage. It is inspired by the knowledge that we are adequately prepared to face the future and events it may bring – poverty perhaps, or injury or death.

Every noble acquisition, and gold is a noble acquisition, is attended with its risk. He who fears to encounter the one must not expect to obtain the other. Please let us know when and how you got a stock certificate guaranteeing the acquisition.
 By fredmcain

04/16/2014  4:04AM

cw,

Uh, yeah, there is a story behind this. I am partly responsible, I'm afraid. I hope it's for the better!
 By cw3343

04/15/2014  4:04PM

Wow! Shares up over 100% yesterday, with an interday high of 0.25

bizzare...
 By Michael Miller

03/10/2014  2:46PM

First, I appreciate your thoughts below. Our trade action lately is so bizarre. Recently, someone wanted to negotiate a loan to us based on the company's value according to these trades. It was unacceptable.


Traders always keep shares in street name with the broker in order to make quick transactions. A clearing house like CEDE holds the shares one of two ways: NOBO or OBO. The NOBO is a Non Objecting Beneficial Owner and an OBO is an Objecting Beneficial Owner. We get a list of the NOBO's if requested for a fee. Thereby we know the number of shares, geographic location and name of the shareholder. The OBO's are owners who want to remain anonymous. We haven't a clue who they are.

In the past, share certificates were ordered by the broker upon request by the client without a charge. Then a modest charge was required to offset either or both the expense from the transfer agent and broker. It was a courtesy offered by brokers to keep clients happy. A company cannot demand this or follow the path of street name sales and purchases...impossible.

On our FORUM stock topic, our company cannot allow existing shareholders to offer stock for sale without the corresponding stock certificate and written instruction by the seller. When a match is made, we act like an escrow agent (without a fee) to carry out the transaction. Transfer costs are between the seller or buyer depending on the amount of dollars exchanged.

I stand by my suspicions that as the volume of share transactions per hour increased on NASDAQ, NYSE and other marketplaces, the established method was not quick enough to handle the traffic. Short cuts were made and now due to apathy by stock market investors, share certificates are being phased out. There will be a financial storm someday. There will be computer challenges that cause havoc in the share accounting process and some people will lose or have the burden of proof to right their situation.

As to who pays? Owning a stock certificate is similar to insurance. We pay the inconvenience or price for security. Since this silly market game of selling/buying OSTO shares for pennies has some unidentified gamers, their financial stake is negligible. They don't need insurance.

Other reasons apply why a corporate president should take an interest in stock trading. Gamers who like to short stock do so by borrowing the shares from someone. For example, I could make my shares available to a stock shorter for a fee, and he would be covered. Brokerage accounts don't allow naked shorts or they did not in the past. Where does a short seller get shares then? Why he borrows them from a depository like CEDE, your stock.

I got into the stock market when I was ten years old. My dad speculated as well as investing. He promoted a project to drill gas well test holes around Vallejo, California in 1952. I addressed the mail out pamphlets. My pay was $100 or 200 shares of the deal. I took the shares. The holes did not support economic gas wells. I lost it all with no regrets. What I took away from that experience was the thrill, coupled with truth that the money raised was spent looking for gas. I knew this to be true because he took me to the drill rigs. I also saw his excitement and later disappointment. It was a good shot but failed.

During several periods of my life, I spent time speculating and investing. I won and lost but never lost money in a short sale trade. It is far easier for gamers to manipulate a downward plunge of price than the crawl upward.

What the public is witnessing in many small cap stock tradings are various manipulations. The largest manipulations are bogus trades to increase volume. These are not necessarily illegal acts but sometimes they are. It is not difficult for me to follow this in small cap gold stock companies. Surprisingly, gamers of the big boys do the same, but it is less noticeable due to the high volume of shares traded.

I encourage those in street name to get a certificate because it gives OSTO a name and address. Mail outs were cut back due to the need to spend all available money on servicing the mine workings. This will cease as soon as our fortunes improve. If we don't know you are a shareholder, you won't receive a newsletter. Also I look forward to the day when the short sellers are hung out to dry. It happened once before on the Pacific Stock Exchange. The specialist oversold and needed a seller to supply some shares to maintain an orderly market. A past director helped out.
 By fredmcain

03/10/2014  4:52AM

Blue Jay and Group,

One thing I was wondering about, could we stabilize the “pink sheet” shares simply by buying them up? I don’t mean to suggest that the COMPANY should do this but rather we individual investors. I mean, at 5½ cents a share, it’s hard to go wrong. If we should each spend a few thousand dollars it wouldn’t take long before the share price is well over a dollar. The pink boys would have trouble manipulating the stock ‘cause there would no longer be too many shares left out there for them to manipulate..

Of course, another idea I had too would be if we could develop a “money pool” where we would all contribute a little bit toward the cost of sinking a new shaft and dewatering the mine. It would not be a loan and neither would new shares be sold to do this.

Our reward would be the high possibility that Mike would find new gold – and possibly a LOT of new gold. That could result in higher share prices and possibly even a dividend. What do the rest of you think about this? How much would that cost and how many ways could it be split up so that it would not be a hardship on any individual member?

Regards,
Fred M. Cain
 By bluejay

03/09/2014  12:39PM

It looks like the last sale on the pinks is $0.055

The Pink Sheets is just a daily register of "so called" market markers with their firm name and phone numbers. Completely different that "real" OTC traders that are hooked up on a computer network. To this day, I do not know how "GTC orders are handled. The result is trading through entered orders that have no standing. I have had orders in with the pink crook-sters only to see my limits danced around like they meant nothing and who do you complain to?

I think Mike has a go at unraveling this mystery with the pink-boy-(so-called)officials but it has always resulted in a dead end for him. The whole pink sheet operation exists so certain so-called market makers can rip off the public. Their rationale is: I want the lowest price to buy these thinly traded issues for I know not when I will be able to sell them for a profit in the future, regardless if there are better orders willing to purchase. And for complaining, who has the time to service a complaint for a few hundred dollars, absolutely no one. So these market makers know they can, basically, steal and no entity will ever hold them responsible. I know personally all about complaining for misdeeds in the trading arena.

There used to be small local brokerage firms that specialized in small area companies of which in California we don't have. In Spokane and Coeur d'Alene they do have them. Just to mention a few, Dillion in Spokane and PennTrade in Coeur d'Alene.

Maybe when gold moves higher again the public will have an increased interest in California gold mines but for the moment, I don't foresee a local brokerage house, if there are any left, specializing in the local companies.

The pink sheets could be tightened up with investor interest even now but at what expense to the company? The expense would be spending money for news releases. I could write news releases that would excite many but unless there are concrete results attaching in the future to optimistic releases, a loss of market creditability would result and so would the selling into the hands of the pink boys.

SO, for the moment we just wait for the next million or two dollar day when the news crews will be driving up the mountain to give us our free publicity and hopefully, new buyers and a better public understanding of what Mike is trying to do and the potential for rewards.


OSTOOriginal Sixteen to One Mine Inc. (OTN)Delayed quote data
3/4/2014 03:43 PM
hide quote detailed quote options chain chart help
Last:
0.055
Change:
arrow -0.011
Open:
0.10
High:
0.10
Low:
0.055
Volume:
1,500
Percent Change:
-16.67%
Yield:
n/a
P/E Ratio:
n/a
52 Week Range:
0.05 to 0.45
 By Rockroby

03/08/2014  7:00AM

Crickets......
 By Rockroby

03/07/2014  3:51PM

Mike
That's not the reason I was trying to sell at a quarter, it was to get positive movement on the the pink sheets..
It may sound easy to do but it's not, It would be very pricy if not impossible to get my shares out of UBS ( over 25,000 ) and get them up to you to get signed..
Look at other mining companies on the sheets and they have almost daily movement..
That 96,000 trade day was the most I have ever seen traded. If someone inherited those stocks and looked at the movement of the stock they wold tell their broker to get what they can and sell it all...
The way I see it you should welcome pink sheet trades, and E-Trade will search out shares that are not in their system..
Thanks for the reply
Craig

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