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PVSPHuge News- NetCapital Signs Agreement to Buy Out Pervasip's Lender NAPSTER FOUNDING CHAIRMAN AND CEO INVESTS IN
PERVASIP'S TECHNOLOGY WHITE PLAINS, N.Y., May 16, 2011 /PRNewswire/ -- Pervasip Corp. (OTCQB: PVSP), a provider of Voice
over Internet Protocol (VoIP) telephone services, today announced that a strategic investor, NetCapital.com LLC, has signed an
agreement with Pervasip's lender to purchase all outstanding debt. NetCapital's Chairman, John Fanning, noted, "We have a track
record of success with disruptive technologies, and Pervasip's technology is a true example of how game-changing vision and wisdom
can be forged into a paradigm-breaking commercial product. We have been following Pervasip for years, waiting for the right
opportunity to partner and invest. Today we have found a time of great value." Read more:
http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201105160915PR_NEWS_USPRX____SF02480#ixzz1MWPu3gue
VEGA BIOFUELS, INC. (Pink Sheets: VGPR) announced today that it has completed the previously announced share reduction.
The Company recently announced it was cancelling 26.5 billion common shares, thus reducing the total number of Issued and Outstanding common shares from 31,004,522,195 to 4,504,522,195.
"We received confirmation from our Transfer Agent that the cancellation of the shares has been completed," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. "Of the 4.5 billion common shares that are Issued and Outstanding, just over 2 billion are restricted, leaving approximately 2.5 billion common shares in the public float. The public float is the number of shares that are currently available for trading in the open market. Cancelling these shares puts our share structure more in line with our plans as we move forward with building our manufacturing plant in Cordele, Georgia and eliminates the need to conduct any kind of reverse split of our stock."
In addition to the reduction of common shares that are Issued and Outstanding, the Company also announced it would be reducing the number of Authorized Common Shares that may be issued by the Company. The Company's Articles of Incorporation have been amended to reduce the number of Authorized Common Shares from 50 billion to 10 billion. A copy of the Amendment has been sent to the Wyoming Secretary of State's office to officially amend the Company's Articles of Incorporation.
Vega recently announced plans to build a manufacturing plant in South Georgia that when completed will produce green energy bio-coal for use in existing coal fired power plants around the world. The manufacturing plant will be located in timber-rich Cordele, Georgia.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "plan," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
CONTACT: Vega Biofuels, Inc.: 800-481-0186
SOURCE Vega Biofuels, Inc.
New FINRA rules in effect now:
New FINRA rules
Of the 3 new rules kicking in on Monday 5/9/11 FINRA 6460 is the one to concentrate on. My legal buddies are referring to it as the “new leap frog rule”. MMs now have to show the full size of any orders that are the high bid or low offer. Before they could hide a large buy order by only showing 5,000 shares of it which was and is the minimum for penny stocks. The key concept here is “forced transparency”. From now on if a “whale” shows a bid for 10 million shares of XXX and it is higher than the previous bid then the MM must either reflect it or jump it by a notch to hide it. The “whale” would then need to jump it to get it to be the high bid. Hence the term leap frog.
If an abusive MM with an enormous preexisting naked short position puts in a large offer to scare buyers aware then he has to place it below the former offer and he’s going to have to honor that sale if the “whale” chooses to take him out. The “whales” are going to get pretty ticked off if the MM representing his order fraudulently makes him pay higher because of his antics needing to be performed to hide the large order. This might violate the “best execution rule” (NASD 2320) wherein a broker has a formal “duty” to find the best market to aim an order towards.
“Whales” want to buy size but a crooked MM sitting on a monstrous naked short position with the fear that XXX just might “have the goods” does not want to sell size. He just wants to fraudulently induce selling and dissuade buying. A variety of the “3Ms” (“market maker manipulations”) are going to be rendered moot. As you can well imagine, a crime as obvious as selling nonexistent shares all day long while pretending to be “injecting liquidity” needs to be done in an environment with no transparency. “Leap frogging” is going to look very, very obvious on a time and sales sheet! There is no better disinfectant than the light of day.
6460. Display of Customer Limit Orders
This version of the rule (or interpretive material) does not become effective until May 9 2011.
(a) Each OTC Market Maker displaying a priced quotation in any OTC Equity Security in an inter-dealer quotation system shall publish immediately a bid or offer that reflects:
(1) The price and the full size of each customer limit order held by the OTC Market Maker that is at a price that would improve the bid or offer of such OTC Market Maker in such security; and
(2) The full size of each customer limit order held by the OTC Market Maker that:
(A) Is priced equal to the bid or offer of such OTC Market Maker for such security;
(B) Is priced equal to the best bid or best offer of the inter-dealer quotation system in which the OTC Market Maker is quoting; and
(C) Represents more than a de minimis change in relation to the size associated with the OTC Market Maker's bid or offer.
(b) The requirements in paragraph (a) of this Rule shall not apply to any customer limit order:
(1) That is executed upon receipt of the order.
(2) That is placed by a customer who expressly requests, either at the time that the order is placed or prior thereto pursuant to an individually negotiated agreement with respect to such customer's orders, that the order not be displayed.
(3) That is an odd-lot order.
(4) That is a block size order, unless a customer placing such order requests that the order be displayed.
(5) That is delivered immediately upon receipt to a national securities exchange or an electronic communications network that widely disseminates such order and that complies with paragraph (c) below with respect to that order.
(6) That is delivered immediately upon receipt to another OTC Market Maker that complies with the requirements of this Rule with respect to that order.
(7) That is an all-or-none order.
(8) That is priced less than $0.0001 per share.
(c) The electronic communications network:
(1) Provides to a national securities exchange, national securities association or inter-dealer quotation system the prices and sizes of the orders at the highest buy price and the lowest sell price for such security entered in, and widely disseminated by, the electronic communications network; and
(2) Provides, to any broker or dealer, the ability to effect a transaction with a priced order widely disseminated by the electronic communications network entered therein by an OTC market maker that is:
(A) Equivalent to the ability of any broker or dealer to effect a transaction with an OTC market maker pursuant to the rules of the applicable national securities exchange, national securities association or inter-dealer quotation system to which the electronic communications network supplies such bids and offers; and
(B) At the price of the highest priced buy order or lowest priced sell order, or better, for the lesser of the cumulative size of such priced orders entered therein by OTC market makers at such price, or the size of the execution sought by the broker or dealer, for such security.
(d) Definitions
For purposes of this Rule, the following definitions shall apply:
(1) Best bid and best offer mean the highest priced bid and the lowest priced offer.
(2) Block size with respect to an order means it is of at least 10,000 shares and has a market value of at least $100,000.
(3) Customer limit order means an order to buy or sell an OTC Equity Security at a specified price that is not for the account of either a broker or dealer; provided, however, that the term customer limit order shall include an order transmitted by a broker or dealer on behalf of a customer.
Nice 20% is a great way to trade, keep up the great work Tank!
DTRO & GOHG for 20% bounce
GOHG had nice +20% bounce off of the gap up when trading started Thursday. It dipped down to .0051 and bounced up to .0064. There was plenty of volume to have gotten into it at .0051/2 and gotten out at .0061/2. And then there was about 18% bounce when it bottomed at .0027 and surged upwards to .0031.
To bounce off of these low .003 range will be an easy +20% (in my opinion multiple points for 20% gains) with any sort of volume on Monday once the market resumes.
http://www.globalholdingsinc.net/news-and-media.html
DTRO had 40% increase on Thursday. The average 10d vol is around 3m and there was 13m in volume on Thursday. For a quick 20% flip from .0009 to .0011 or .001 to .0012 should be easy if the volume continues to come. The lv2 was very thin as I watched it form a positive bullish direction. Keep an eye out for additional volume on Monday.
http://www.otcmarkets.com/stock/DTRO/company-info
http://www.dtro.com/News.html
***As always, no matter the run a stock has, secure your 20% profits and get out. If the run continues, you can always get right back into the stock. I personally prefer taking 5 sets of 20% secured profits to total 100% gains vs buying a stock and trying to ride up to +150%-200% and then figuring out where the top will be. Take your gains out along the way for more secured profits and then smile knowing that you took all the guess work out of it all.
ISVG moving HUGE!! UP 230% at .0034!!!
Good morning traders........ Today's pick will be GLORIOUS! I can't wait!
007 stock chat... woooooooooooooooooo
Our pick tomorrow is going to be different than the rest IMO... this is because we are all confident that hits on the ask will come in and move this puppy to the TOP!!!! with everyones' help of course!!!!!
007 thx for the hottest spot on the web. keep up the good work.
PUPS moving up 175% with nice vol
TODAY's 007 Alert will be OFF THE HOOK (AS USUAL!!!)
$FOFU~ Huge news~Force Fuels to Increase Oil Production Through Joint Ventures With Pioneer Oil Development, LLC
http://yhoo.it/gNQasO
Heads up Gang, $FOFU news today and a nice breakout!
Oil higher in Asian trade, NY crude above $105
AFP - ?43 minutes ago?
SINGAPORE - Oil rose higher in Asian trade Monday with the New York contract surging past $105, a new two-year high as turmoil in the Middle East continued to unsettle investors, analysts said.
Oil futures add to gains amid Libyan conflict
UBRG got record sales PR today, oilstrike PR yesterday, and much more expected going forward.
Hydrospirit Share Friday, March 04, 2011 3:32:13 PM
Re: gumby10 post# 1998 Post # of 2004
Becoming debt free, getting their gas with a 90% profit margin AND doubling monthly sales!
GEFI 007 Alert brought us 100% Gains Yesterday.
Disclaimer: http://www.007stockchat.com/disclaimer
Lots of stocks for profits today:
GEFI
SGDH
FLTT
post all you can lets make gains................
IQMC moving nicely!!!
Cool thanks!
UHO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60422378
GPS Lotto
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60425101
GTXO GPS Super Lotto
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60421183
MLKNA
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60341126
The Equities Cannabis Index - Publicly traded Cannabis companies
The Equities Rx VIPPS Index - VIPPS approved online pharmacies
http://indices.equities.com/us-sector-indices
did anyone from your group hang with SGDH??
word has it that it is gonna get some more attention
the classes help... even re-learning the stuff we already know helps cause it keeps it up front in our minds. Kinda like practicing kung-fu over and over, so that when ur actually in a fight, you remember it and kick the other dudes a$$!!!!
Are only 007 approved stocks allowed to be posted here? Or any stock can be posted here?
Thanks
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