When you listen to the CPNE webcast ( http://commerceplanet.com/Investor-Relations/ ) I think it is crucial to note that the first person to ask a question during the question and answer period is an institutional investor! These guys have clearly been courting big investors for a while.
Consequently, it is no big surprise that CPNE has retained a new auditor. The ‘right’ auditing firm is always the first step before going on to be listed on the major exchanges.
We have seen CPNE shift its focus and participate in what I believe is the best shareholder information program I have witnessed. These guys know what they are doing. This is just another step in a long line of right moves in turning this company around.
This is really big news…. don’t let it go unnoticed!
Commerce Planet (CPNE) Appoints Marcum & Kliegman as New Audit Firm
GOLETA, Calif.–(BUSINESS WIRE)–Commerce Planet, Inc today announced that the Board of Directors has appointed Marcum & Kliegman, LLC, as the Company’s independent registered public accounting firm, effective December 27, 2007. Marcum & Kliegman, LLC, replaces Jaspers + Hall, PC, which has served as the Company’s firm of record.
“We are pleased to be working with Marcum & Kliegman, LLC, and we believe they have the resources to provide Commerce Planet with highly reliable review and audit services as we plan for aggressive and sustainable long-term growth,” stated Tony Roth, Chief Executive Officer. “We believe the transition to a new audit firm will further support our strategic direction, growth plans and application process for a national market listing in 2008 by assisting the management team in providing timely, accurate and orderly financial communications to our shareholders.”
Read full release here:
http://stockguru.com/profiles/cpne/news.php
I think what is important to note with SFMI is that they have sound assets. Now they are looking to expand their production and they are doing it in a very risk conscious fashion.
There is no question but that during the month of Decemenber SFMI has been on a tear and that is continuing.
SFMI is bringing in the gold from the War Eagle project and looking for fresh sites to mine. To determine where best to employ their resources Deep Rock has begun initial test runs which indicated precious metals are present in sufficient amounts amongst the mines’ tailings to warrant continuation of the program.
SFMI is well into the preparation for the preliminary production at the mine sites and they are doing this while Gold looks like the refuge in the market.
It may be early in the day in the United States but gold has had a busy day on the London Metals Exchange. There Gold rose as the dollar softened. Gold is trading there at almost $865 USD per ounce.
I asked my research department to take a closer look yet again at gold. My question was how strong is it and how strong will it stay.
Keep these two fundamentals in mind: gold has for five years traded in tandem with oil which is hitting new highs daily and has traded opposite of the U.S. dollar which has reached new lows daily. It looks to me like gold continues to be the place to be and SFMI is very undervalued. Investors will be the beneficiary of financial transparency soon as this becomes a fully reporting company.
I like the looks of this direction very much and I like the report my research department provided on gold.
Gold, trading in tandem with oil on Thursday hit $869.05 USD its highest ever price, following strong oil prices which hit a record of around 100 usd a barrel last week.
JP Morgan analyst Michael Jansen noted. ‘Gold could easily trade towards $900/oz in Q1 and Q2.”
With most market participants expected to return en masse this week after the holidays, precious metals should see good trading volumes,’ said Standard Bank analyst Walter De Wet.
Gold has risen by around 60 pct since this time last year as the dollar languished in 2007, as oil prices almost doubled, as demand from growing economies grew and as investors fearful of a credit crunch bought the metal as a safe store of value.
SFMI’s news release is just another confirmation that this company is risk adverse and deploys assets only where they will be most effective.
They’ve got the wind at their back with the price of gold and this is looking very interesting.
Silver Falcon Mining (SFMI) Begins War Eagle Operations
BRADENTON, FL–(MARKET WIRE)–Jan 7, 2008 — Silver Falcon Mining, Inc. today released a joint communication detailing progress to date on the War Eagle project.
Deep Rock Engineering Inc. announced today that it has relocated its personnel from Cheyenne, Wyoming to Boise, Idaho and that under Idaho statutes; it has changed its name to Deep Rock, Inc. Construction of the company’s equipment maintenance facilities, as well as offices, for the War Eagle project is expected to be completed within 4 to 6 weeks.
Read full release here:
http://stockguru.com/profiles/sfmi/news.php
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 252-3030. Web: StockGuru.com. Email: Publisher@stockguru.com. CPNE Disclosure: Pentony Enterprises LLC has been compensated $33,500 directly from the company for profile coverage. SFMI Disclosure: Pentony Enterprises LLC has been compensated $14100 cash from stockpromoters.com for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.