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3,000 volume yesterday at .35, and 500 at .50. Whatever is going on behind the scenes that caused the trades on June 17, it's not a promotion (remember I said it wasn't). It could be days, weeks or months before we find out the scoop.
No position here but still mildly curious.
someone got some today
Looks like the .45 seller is gone, lets see if anyone else is willing to sell under .50!
not sue what the deal is, but I am still keeping an eye here.
The volume of shares being offered at the bid/ask and taking into account the wide spread is interesting. Who buys $1.5 million of a dormant penny stock unless they have plans to make money off it?
Looks like LEXG all over again.
Level 2 looks better today, looks like it might want to run, .54s on the ask and RILY sitting at .70
Not sure about an "official guru play" or not, but I got in based on a Guru tweet last Friday.
i found out about this today from the guru's site, nice sig by the way....priteeee girl.
Kelly Brook
This one is too tempting for obvious reasons, will have get some today.
That $60,000 on bid at .33 will keep this from dropping much further IMO. We might see a little more retail selling as people want out, but then I think people will start chipping away at the ask. I'm holding for a while.
whats her name?
Be patient.
how is it a dud?
Does it really matter?
You can make money on a pump and dump can't you? Making money is what it's all about. You make money off stocks your way, we'll make money off this our way. Everybody is happy in the end.
has anyone contacted the main company to try and find more information?
RILY is at ask at .60 and bid at .33
thank you Immie, but I don't see them on the ask? only the bid at .34
Bryant R. Riley
Chairman of the Board, Founder and Chairman of B. Riley & Co, Inc
Bryant R. Riley is both founder and Chairman of B. Riley & Co., Inc. B. Riley & Co. is a Southern California based brokerage firm providing research and trading ideas primarily to institutional investors. Founded in 1997, B. Riley & Co. also has offices in San Francisco and New York. Mr. Riley is also the founder and Chairman of Riley Investment Management, LLC, an investment adviser which provides investment management services. He also serves on the board of directors of Aldila, Inc. and Celeritek, Inc., each a Nasdaq listed company.
Prior to 1997, Mr. Riley held a variety of positions in the brokerage industry, primarily as an Institutional Salesman and Trader. From October 1993-January 1997 he was a co-head of Equity at Dabney-Resnick, Inc., a Los Angeles based brokerage firm. From 1991-1993 he was a co-founder of Huberman-Riley, a Texas based brokerage firm. Mr. Riley graduated from Lehigh University in 1989 with a B.S. in finance.
http://phx.corporate-ir.net/phoenix.zhtml?c=110392&p=IROL-govBio&t=Regular&id=145875&
I don't understand why you guys wouldn't prefer to hope for a legitimate reverse merger or similar transaction, rather than an attempt at a pump and dump, but suit yourselves.
The comparison to the other stock is exactly why I bought- and I don't think I'm in the minority. I don't think it's stupid at all.
The three trades were not a single trade as you say they were! The three trades are unique trades each of thame for the same amount of shares, 2 @ 11:15am for .34 and one 20 mins later at 11:35am 1 cent higher at @.35 (which is clearly shown to be at the ask)!
Listen I don't want to go off topic. The overall point of the blog is that the block on friday could be of interest. It could be nothing, or something big.... who knows.
Lets not call someone names without actually knowing them. I like to treat others, as if they were in front of my family. If you disagree with his article just email him and I am sure he would make the appropriate changes.
Lets see how ALSC does this week.
I don't own ALSC, but I am actually sticking up for it. That guy is comparing it to a basically worthless company that was promoted -- a blatant pump and dump. How do you think people who bought LE*G between 4 and 10.50 feel now? The bogus "guru" is also misreading the tape and ignoring the condition code that accompanied one of the three prints with identical volume (i.e., a single block of stock). "X" denotes a canceled trade. It printed at .34, was canceled at .34, and was reprinted at .35.
I'm suggesting that ALSC has value as a shell and may be working on some sort of transaction. Very different from LE*G!
Thats the point hes making... it could be or it can't. Thats what makes pinksheets interesting.
LOL, of course. SOMETHING is going on, and OF COURSE it was a prearranged trade. There could very well be some sort of merger or acquisition in the works here. But IMHO comparing ALSC to LEXG, a massive stock promotion, is just stupid.
easy big guy. The point is the volume. Any interest is positive .... also the PSG is one of the best blogs out there.
Now that is really weird! No clue why the director's brokerage firm is selling.
Yes very interesting. I bought some on Friday and see what happens in the next few days.
Interesting post on Saturday from the PSG.
Saturday, June 18, 2011
ALSC - Deja Vu?
http://pennystockgurus.blogspot.com/2011/06/alsc-deja-vu.html
Some readers may recall back in March when I pointed out the odd volume and money flow for LEXG, a stock at the time that was trading for $.10 a share. The stock was quiet for the year with only a few trades, and then suddenly there was big buying at $.10. I was the first to point out the stock, and it posted one of the more memorable runs we've seen in quite some time. The stock went on to trade for over $10 a share, yes not a 100% or 1,000% gain, but a 1,000% gain and you heard it here first. Could ALSC be the next LEXG type stock? There are certainly some similarities.
On Friday ALSC, just before noon, had some impressive money flow come into the stock with just 3 trades. Up until now ALSC appears to be a non-reporting shell stock, no revenue, and no investor interest. The company deregistered the stock back in 2008 and has been trading quietly until Friday when someone decided to put almost $1.5 million into the stock through 3 trades. For a stock that had only 5,600 shares trade the day before and zero trades on Wednesday, a 4,000,000 share purchase is sure to draw some attention, especially when you consider this is exactly how the LEXG rally started. One big difference is the money flow on the first day. LEXG had $408,000 in pre-arranged trades while ALSC had $1.4 million or more than 3 times as much money behind ALSC. I think that gives some credence to a big move ahead for ALSC.
Just think about it for a second, those 4,353,042 shares had to be some sort of pre-arranged transaction, just like the LEXG pre-rally purchase. Someone doesn't put $1.4 million of their own money into a penny stock without good intentions... at least that is my perception of these trades. Could it have been some sort of $1.4 million fat finger? Its possible, but highly unlikely. The bottom line is those shares need to be available to be purchased. For a stock that has never see more than a few hundred thousand shares traded in a single session and has an average daily volume of 60,000 shares having 4.3 million shares go through without a huge jump in price tells you that this had to have some pre-planned transaction.
Stranger things have happened in this market, but one thing is for sure, following the money flow is a great way to find profitable trades. When LEXG was just starting up those millions of dollars in pre-rally shares sure seemed like a big gamble for a stock that had ZERO interest, ZERO revenue and absolutely ZERO positive's. You could say the same thing about ALSC right now, ZERO assets (as far as we know) , no interest, the only thing this stock has going for it right now is that someone has put $1.4 million of their own money into this stock.
I was telling my subscribers in the chat room on Friday that this stock was a big/risk reward. LEXG was a huge risk all the way from $.10 to $10.68. Everyone, including myself, kept waiting for it to crater, but it didn't and made many a substantial profit. That's why people trade this market, trying to find the next big runner. You don't know what the future holds, but you can take past events and try to apply them to current situations. In this case we have stock with almost no volume suddenly getting over 4 million in three trades and $1.4 million in money volume. After LEXG we know that big money volume into a formerly quiet stock could mean big things are on the way. Could ALSC be the next LEXG?.... and I can say with 100% certainty that we will soon find out.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Alliance Semiconductor Corp.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
01877h100
(CUSIP Number)
December 31, 2010
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x
Rule 13d-1 (b)
o
Rule 13d-1 (c)
o
Rule 13d-1 (d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EIN 23-2856392
Schneider Capital Management Corporation
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
PENNSYLVANIA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
1,462,233
6. SHARED VOTING POWER
None
7. SOLE DISPOSITIVE POWER
2,115,650
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,115,650
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.40%
12. TYPE OF REPORTING PERSON
IA
- 2 -
GENERAL INSTRUCTIONS
Item 1.
(a)
Name of Issuer
Alliance Semiconductor Corp.
(b)
Address of Issuer's Principal Executive Offices
4633 Old Ironsides Dr.
Suite 240
Santa Clara, CA 95054
Item 2.
(a) Name of Person Filing
SCHNEIDER CAPITAL MANAGEMENT CORPORATION
(b) Address of Principal Business Office or, if none, Residence
460 E. Swedesford Rd., Suite 2000
Wayne, PA 19087
(c) Citizenship
UNITED STATES
(d) Title of Class of Securities
COMMON STOCK
(e) CUSIP Number
01877h100
Item 3. If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
(a) o Broker or dealer registered under Section 15 of the Act
(b) o Bank as defined in section 3(a)(6) of the Act
(c) o Insurance company as defined in section 3(a)(19) of the Act
(d) o Investment company registered under section 8 of the Investment Company Act of 1940
(e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E)
- 3 -
(f) o An employee benefit plan or endowment fund in accordance with §§240.13d-1(b)(1)(ii)(F)
(g) o A parent holding company, in accordance with §§240.13d-1(b)(1)(ii)(G)
(h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act
(i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940
(j) o Group, in accordance with §§240.13d-1(b)(1)(ii)(H)
Item 4. Ownership.
(a) Amount Beneficially Owned
2,115,650
(b) Percent of Class
6.40%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
1,462,233
(ii) shared power to vote or to direct the vote
None
(iii) sole power to dispose or to direct the disposition of
2,115,650
(iv) shared power to dispose or to direct the disposition of
None
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o .
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
None
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
- 4 -
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
February 14, 2011
Date
/s/ Gary P. Soura, Jr.
Signature
GARY P. SOURA, JR.
SR. VICE PRESIDENT
Name/Title
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
- 5 -
AMENDED ITEMS
Number of Shares Beneficially Owned by Each Reporting Person With:
5.
Sole Voting Power
1,462,233
7.
Sole Dispositive Power
2,115,650
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
2,115,650
11.
Percent of Class Representing the Aggregate Amount Beneficially Owned by Each Reporting Person
6.40%
- 6 -
DRINKER BIDDLE & REATH LLP
One Logan Square, Ste. 2000
Philadelphia, PA 19103-6996
February 14, 2011
VIA EDGAR
Filing Desk
U.S. Securities and Exchange Commission
Washington, D.C.
Re:
Schneider Capital Management Corporation 801-55439
Alliance Semiconductor Corp.
Dear Sir/Madam:
Enclosed for filing is a Schedule 13G on behalf of Schneider Capital Management Corporation (“SCM”), which is an investment adviser registered under the Investment Advisers Act of 1940. This filing relates to SCM’s holding of common shares issued by Alliance Semiconductor Corp. This is Amendment No. 7 to the 13G filing regarding SCM’s holding of common shares issued by Alliance Semiconductor Corp. (CUSIP No. 01877h100).
Please contact me at (215) 988-2719 if you have any questions.
Sincerely,
/s/ Audrey C. Talley
Audrey C. Talley, Esq.
cc: VIA CERTIFIED OR REGISTERED MAIL
Alliance Semiconductor Corp.
4633 Old Ironsides Dr.
Suite 240
Santa Clara, CA 95054
Alliance Semiconductor Corporation (Alliance) is primarily a holding company. The Company's primary activities consist of managing its short-term investments. Prior to its fiscal year ended March 31, 2008 (fiscal 2008), the Company sold substantially all of the assets and liabilities of its operating business units, effectively exiting the semiconductor industry, and sold its long-term investment interests in Alliance Ventures and Solar Venture Partners. Alliance made a significant transition from being an operating company focused on the semiconductor industry with investments in emerging companies, into a holding company. This transformation was largely completed by fiscal 2008.
Alliance Memory Appoints Sue Macedo as Sales Director, Europe
6:16p ET April 6, 2011 (Market Wire)
Alliance Memory, Inc., a worldwide provider of legacy memory ICs for the communications, computing, industrial, and consumer markets, today announced that the company has named Sue Macedo as sales director, Europe. In her new role, Macedo will work closely with the sales team in supporting Alliance Memory's European client base and promoting the company's SRAM and synchronous DRAM products.
Macedo has more than 25 years of management expertise within multimillion-dollar corporations and a wide range of business organizations. She originally came to Alliance Memory in 2005 when the company acquired the asynchronous SRAM business from Alliance Semiconductor, where she held the position of sales and marketing director, EMEA.
From 2005 until 2009, Macedo served as vice president of sales for Alliance Memory before taking a two-year sabbatical to travel the world and fulfill long-held ambitions. In her role at the company, she mobilized and managed the smooth transition of European business from Alliance Semiconductor to Alliance Memory, which included the re-negotiation of all representative, distribution, and OEM contracts. Previously, Macedo has served as sales and product marketing director, EMEA, at GTCO CalComp, formerly known as CalComp Peripherals (a Lockheed Martin Company).
"It's great to be back at Alliance Memory, and with the new products we're going to be releasing this year, it certainly is an exciting time to be rejoining the company," said Macedo. "I look forward to serving the European market and helping our customers eradicate the need for costly redesigns by offering a complete range of reliable, drop-in, pin-for-pin-compatible legacy parts."
"Sue was invaluable to the success of Alliance Memory as vice president of sales. Among her many accomplishments was doubling the first 12-month business plan target of $3 million to more than $6 million. We couldn't be more excited to welcome her back from her sabbatical," said Dan Gilbert, vice president of sales at Alliance Memory. "Sue's vast industry experience and deep understanding of the European market will be instrumental as we continue to invest in our SRAM products and promote new product lines that our customers have been asking for."
Macedo holds an MBA from West London University and a diploma in Accounting II National Level. She is based near London and the south coast of the United Kingdom, and reports to Dan Gilbert.
About Alliance Memory, Inc. Alliance Memory, Inc. is a worldwide provider of legacy memory products for the communications, computing, industrial, and consumer markets. The company supports a full range of asynchronous and synchronous SRAMs, low-power SRAMs, and ZMD low-power SRAMs, and synchronous DRAMs (SDR). Alliance Memory is a privately held company with headquarters in San Carlos, Calif., and regional offices in Germany, France, the United Kingdom, and South East Asia. More information about Alliance Memory is available online at www.alliancememory.com.
Photo Link: www.flickr.com/photos/alliancememory/5593639410/
Agency Contact:
Bob Decker
Wall Street Communications
+1 415 409-0233
Email Contact
Alliance Memory Contact:
Kim Bagby
CFO
+1 650 610-6800
Email Contact
SOURCE: Alliance Memory, Inc.
They went dark so I am not sure if that will be accurate.
Found this piece of info on the net! Suposedly they are going to announce their earnings on June 21st, 2011 (tuesday)! However, I dont believe that earning announcement was the catalyst that might have pushed someone to buy those big blocks!
On the right, there is a list of ALSC's competitors, and as you can see their pps ranges from $6 to $19 per share!
Let's see what this coming week brings for us all!
Especially on a shell.
Given the 52 Wk high... I don't think someone slaps the ask with that kind of $ without knowing something solid... On a hunch, IMO
no idea. Just trying to sort it all out.
You see a merger prospect?
RILY the lead ask on ALSC
Bryant R. Riley is founder and Chairman of B. Riley & Co., Inc.; a Southern California based brokerage firm providing research and trading ideas primarily to institutional investors. Mr. Riley is also the founder and Chairman of Riley Investment Management, LLC, an investment adviser which provides investment management services. Prior to 1997, Mr. Riley held a variety of positions in the brokerage industry, primarily as an institutional salesman and trader. From October 1993-January 1997 he was a co-head of Equity at Dabney-Resnick, Inc., a Los Angeles based brokerage firm. From 1991-1993 he was a co-founder of Huberman-Riley, a Texas based brokerage firm. Mr. Riley graduated from Lehigh University in 1989 with a B.S. in finance. He also serves on the board of directors of Aldila, Inc., Alliance Semiconductor Corporation, DDi Corp., and lcc International, Transmeta, and Silicon Storage. Mr. Riley?s tenure in investment banking and private equity, as well as his management experience and significant experience on other public company boards, brings extensive knowledge to our Board in executive management and finance matters including mergers and acquisitions, securities and debt offerings.
I hope so, we will see next week
Brought me here - will be on watch for monday
The volume is definitely going to set of scanners this weekend.
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