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Bullboard - Stock Discussion Forum American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is... see more

TSXV:AMK - Post Discussion

American Creek Resources Ltd > Reset back to square one
View:
Post by Signman on Aug 06, 2024 10:36am

Reset back to square one

Since my reading of last nights NR from the Globe news feed regarding financing something seemed "off" to me. While I fully admit I could just not understand what is going on here fully. It read to me as : WE GEM will give you "financing" when YOU Cunningham have a token to put on our exchange. BUT WECunningham can't provide a token of value for your exchange without your funding first YOU token exchange GEM. Seemed like an "agreement" where one party expects the "thing" first. Now we have an extension for a month to work it out further. Would not have been the last month the time to do that or is my stated conundrum the issue? Seems like nothing for us sharholders has changed other than we now have another month to mull this over. And for me personally another month where I hope for a larger offer to swoop in and say screw this token exchange / crypto smelling non sensense (in their eyes) and take our hard money for this 20% chuck of wealth now! It does create interest in TC no matter what happens for the next month. And to be honest I now have an extra month to increase my TUD position which I did this this morning and will continue to do so while we wait another month for "something" to work out futher in the offices of AMK /Cunningham. And not to be too conspiratorial but it does lend more credence to the idea myabe there is soemthing more to this "deal" to delay an early takeout.  Another exciting month ahead and good luck to us actual and long shareholders. Thoughts?
Comment by bull_runz on Aug 06, 2024 10:39am
Stock Basher  Bullboards V.AMK Reset back to square one   Since my reading of last nights NR from the Globe news feed regarding financing ... 1 minute ago V.AMK RE:RE:RE:RE:From the release info...   The village idiot is probably ...more  
Comment by Signman on Aug 06, 2024 10:47am
Wow that''s a rather agressive responce to the situation here currently. Not bashing at all. I will be fine and happy if this deal with Cunningham goes through. BUT I also hoped for more on this play that I have owned for quite some time and is my largerest position. Both these things can be true at the same time. And I am bashing because I am adding to my TUD position where I am reluctant ...more  
Comment by bull_runz on Aug 06, 2024 11:20am
The deal is financed...period. What are retail investors waiting for??  The ink to dry??  Who cares what they want the 20% for?  lol
Comment by Mustang80 on Aug 06, 2024 11:47am
I think the concern is does the financing mean Cunningham simply has to register a coin backed by AMK assets & GEM writes a check or is GEM giving Cunningham a platform to list a coin that needs to be bought & with the coin proceeds Cunningham will get the money to buy AMK? If it's the later, then perhaps it's not a done deal & will take time, albeit a coin backed with AMK ...more  
Comment by Stockmoves1 on Aug 06, 2024 11:54am
I think your thoughts are correct and it is a process that will happen but it will take time ... and shorts are using evry opportunity where it is not a clear cut deal ... All I know is TUD is extremely undervalued ...
Comment by Signman on Aug 06, 2024 11:58am
Agreed SM bought 2200+ shares of TUD this morning. And will continue to do so as funds become available. I am actually thankful I have more time while this plays out.
Comment by Signman on Aug 06, 2024 11:54am
Exactly Mustang.. How can Cunningham register a token backed by AMK assets when Cunningham cannot own said assets before GEM provides the funding to do so. And GEM will not provide funding without the token registered first.
Comment by Larry60 on Aug 06, 2024 12:04pm
Youve seen the Cunninsham light!!!!! Its a CunninSkam, not a financing............. Its like gettin a loan that requires security....... The terms say we will let you drawdonw 30% of the value of the collateral/assets you have...........but you have NO assets...........so your drawdonw i $0.00!!!!!!!!!!!!!!!
Comment by Mustang80 on Aug 06, 2024 12:08pm
Signman, I don't think it's an impossible loop/catch 22. The solution is they sell coins with the intent it will be backed by AMK. Money gets collected for coins & AMK gets purchased.  Money gets raised faster than traditional stock because of the additional new/younger audience of crypto enthusiasts. So worst case low 40 cents is the floor. Best case the exposure nets us a major. ...more  
Comment by Larry60 on Aug 06, 2024 12:13pm
Mustang, you are WRONG!!!  The worst case scenario is CUnninskam raises $0!!!!!!  the best case scenario is they raise a little bit of money ..........everyt day..........for the next 36 months................AND THEY STILL DONT HAVE THE 43 CENTS TO BUY AMK..................... TELL THE CUNNINSKAMS I SAY HELLO!!!! ALL IMHO FORDY!!!
Comment by Signman on Aug 06, 2024 12:25pm
Mustang. To be clear I don't disagree with that. I suspect that is why there is the extra month . They are trying to figure out who trusts most to make the first move. If they work that out .. great.. if a major intercedes ever better! 
Comment by Larry60 on Aug 06, 2024 12:10pm
mUSTANG, The drawdowns will be a function of the TOKEN getting listed, tokens being issued to the public, the amount of tokens issues, the trading volumes of the tokens, the market price of the tokens, and parameters of drawdown ie maximum drawdowns based on inputs above!!!!! Even in a make believe world, the faiclity if for 36 monhts as it is not a facility where you can draw significant ...more  
Comment by bull_runz on Aug 06, 2024 12:43pm
By the time the ink drys, it will be too late for retail investors (the little guy) to benefit from the multiples being paid ;)
Comment by Larry60 on Aug 06, 2024 12:06pm
Bullruns, mayve keep the frist part of your name!  THERE IS NO FINANCING ..........JUST LIKE THERE IS NO DEAL!!!!!!!!!!!!!!! The TOKEN facility is a CunninSkam!!!!!!!!!!!!!  there is no MONEY.   Even in theory.......there will be NO MONEY that will allow the Cunninshams to pull the heist of the century..... WHAT A GREAT OPP TO SELL????????????  SWAP INTO TUO OR TUD!!!!!! ...more  
Comment by Larry60 on Aug 06, 2024 12:15pm
SIGNAM, dont doubt yourself!!!!  THis is a NONfinancing.............to match the NONdeal...............its a classic PINK SHEETS delinquent filer type of move!!!!!!!!!!!!!!!!!! And AMK BOD just went a long with the extension of the charade!!!!!!!!!!!!!!!!!!!  Why????  Sill have shares to sell??????? ALL IMHO FOrdy!!!!!!!!!!!!!
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