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12% Divvy stock.
Liquified gas, LPG, transporting Greek company.
200 day Moving Average 10.24
StealthGas Inc. (StealthGas) owns a fleet of liquefied petroleum gas (LPG) carriers providing international seaborne transportation services to LPG producers and users, as well as product tankers chartered to oil producers and refiners. The Company carries various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas. As of May 1, 2008, the Company’s fleet consisted of 36 LPG carriers with an average age of 10.8 years and two 2008-built product tankers. In addition, as of May 1, 2008, it had contracted to acquire one secondhand LPG carrier scheduled for delivery in September 2008, nine newbuild LPG carriers with expected deliveries through the end of 2011 and one newbuild medium range product tanker scheduled for delivery in April 2009.
ACAS Chart below showing this one may be in recovery mode.
A couple of points of view in this article.
(Article from Motley Fool)
In search of Bigfoot
For a business development company to withhold paying a dividend, its situation must be dire, because the company will suffer certain (and stiff) tax consequences. But American Capital faced that situation last month, after mark-to-market accounting forced it to take $698 million in depreciation losses for the quarter. Stuck between retaining its dividend or possibly running afoul of its debt covenants, it took the necessary step of suspending its shareholder payments.
While that was a painful decision for the company (and investors, since the once-healthy dividend was a top reason for holding the stock), it might be a relatively short-lived event. Investments have been performing well, and net operating income has remained strong. More importantly, American Capital is trading below net asset value. With management intent on reinstating the dividend sometime in the near future, it could be an interesting time to stake a claim here.
Earlier this year, CAPS member griderX correctly called American Capital's dividend unsustainable, more recently questioning whether it can survive 2009.
Meanwhile, khrushchv thinks the situation is difficult, but if asset valuation stabilizes, this CAPS player thinks the portfolio's strong performce could lead to a reinstated dividend and rising shares:
[American Capital], like all RICs/BDCs, is in a tough spot in the current environment. On the one hand, their book value has declined by fairly large amounts (and their stock price has more than followed suit), the dividend has been suspended, and their debt covenants look like they might get triggered. On the other hand, the cash flows on their portfolios look good despite the fact that the market values have become severely impaired (in terms of trading prices), the company is hoarding cash to help stabilize their equity, is picking up ECAS in an all stock deal (which should decrease volatility in their book value), and insiders have been making fairly large open market purchases. This one is a tough call, but their portfolio appears to be performing fairly well...if their asset values stabilize I think [American Capital] will re-instate the dividend (perhaps at a lower level) and the stock price is likely to appreciate dramatically.
I saw that guy also.
http://silverseek.com/ has the Gold - Silver ratio numbers daily, on the right side of the screen.
I almost picked up some SLW when it was down strong today but got distracted with the NG company and when I looked back SLW was already out of reach for the day again.
Saw another guy on CNBC talking about the diffential between gold and silver too, talking about how the differential is at like a forty year spike...besides the astrology guy's comments on gold.
It's a very target rich environment out there for short term trading. And some real gems that are going to emerge from this mess if one is willing to look beneath the surface.
SIL, SLW rallying today. Silver is up .26 to .36 cents so far if it holds.
Now that's a beautiful chart. Nice to see lots of em showing off similar patterns this week. I think that one will see $9 minimum tout suite.
Santelli called today "The reflation trade". With the dollar tanking now I'd say we're right on the cusp of a major run.
The Fed has stated unequivocally that they're going to do anything, including printing all the dollars necessary to turn this mess around.
We've almost CERTAINLY seen the bottom IMHO.
Silver Wheaton, rising with the tide of precious metals upswing.
While the overbought STOCH is notable, it depends on how the dollar is doing, whether or not this is a plateau here.
The big change today was the CMF money flow.
Ok, got it. Thanks and will consider.
Note this article from CNBC.com about what we've been discussing these months past.
Full story:
http://www.cnbc.com/id/28249915
Downturn Spurs 'Survival Panic' for Some in the US
A paralegal, recently laid off, wanted to get back at the "establishment" that he felt was to blame for his lost job. So when he craved an expensive new tie, he went out and stole one.
The story, relayed by psychiatrist Timothy Fong at the UCLA Neuropsychiatric Institute and Hospital, is an example of the rash behaviors exhibited by more Americans as a recession undermines a lifestyle built on spending.
In the coming months, mental health experts expect a rise in theft, depression, drug use, anxiety and even violence as consumers confront a harsh new reality and must live within diminished means.
"People start seeing their economic situation change, and it stimulates a sort of survival panic," said Gaetano Vaccaro, deputy clinical director of Moonview Sanctuary, which treats patients for emotional and behavioral disorders. "When we are in a survival panic, we are prone to really extreme behaviors."
The U.S. recession that took hold in December last year has threatened personal finances in many ways as home prices fall, investments sour, retirement funds shrink, access to credit diminishes and jobs evaporate.
It is also a rude awakening for a generation of shoppers who grew up on easy access to credit and have never had to limit purchases to simply what they needed or could afford.
URE is the ETF, comprised of several commercial reits. The chart you posted IS the ETF.
If you explore it's porfolio of reits you'll see all the specific tickers/companies involved.
I examined them and read Standard and Poors analysis of each of them.
This is a top quality group of stocks in this ETF
and it's a "double etf" to boot. Leveraged 2X the underlying stocks.
Duly noted and digested.
And the specific EFT is?
After what the Fed did and SAID today, I think we've seen the bottom. You should have seen Cramer today. He was absolutely ecstatic about what they did...said he thinks mortgage rates will go down to 3.5 percent, that buying realestate now is IMPERATIVE, that real estate will hold it's value better than anything else in a falling dollar environment and that he's basically refinancing and buying with both fists.
And real estate of course has been beaten up worse than anything else that I know of.
The companies represented by this ETF are EXTREMELY HIGH QUALITY and have met a stringent set of guidelines as far as capitalization and other parameters.
I believe that the divys they pay will be reasonable safe too because of their excellent positions and markets they're involved in, and in fact at least 3 of it's portfolio companies have just recently/already declared their next dividends.
This one looks like a real gem Don. Keep your eyes on it at the very least.
URE chart. Down 82% for the year. Bottom buster?
Nice move today in silver. Wonder if the Dubai ETF kicked into gear or just the reaction to the oil blip up? Or both...It sue quit when it hit the upper Bollinger Band. Big guy chartists must be all over the silver charts with their high tech goodies.
Off to pick up turkeys and hams and teach music first. Later.
IVN: 2009 Best Bet of the Year. Taking a shot on gold, silver, copper, and coal going forward into 2009? Then look closely here.
Beat down, but with a major project that needs the deal to be signed. Do your DD and you'll find out exactly what I'm talking about. No spoon feeding here. Lol.
If Peter Schiff is right and the dollar tanks big-time when other countries get tired of our debt and borrowing, thus suspecting our ability to repay, and, if IVN closes the deal I mentioned, then IVN is certifiably golden.
We have to try to remember some things to make a rational longer term judgement on the direction of silver/gold....
deleveraging is deflationary
job losses are deflationary
falling real estate prices are deflationary
When these factors abate we'll pretty quickly switch to an inflationary environment.
Bailouts are(in the longer term)inflationary, so future levels of inflation will at least partially depend on how much of this deflationary pressure is artificially introduced into the world economy.
How much of all this has already been factored in?
The "recovery" will be MUTED, by design since past levels of leverage will not be allowed and we'll return to a more stable but slower growth model.
And...we have just elected a man to the presidency whom I think is arguabley the most intelligent, pragmatic, determined and inspirational figure the world has seen in a
LONG LONG TIME. If anybody can put out this flaming bag of dogshit that Bush has laid on our doorstep Obama can do it. I think he'll surprise us repeatedly with his genius and ingenuity. This bodes very well for us and our country/economy over the longer run and I believe for the first time since Reagan that America's best days REALLY ARE STILL AHEAD OF US.
Mild traction here? Upswing sustainable? 1 month, 3 month $Silver.
Nutrisystems delivery is free/included in the price. And a months worth is about $260 bucks I believe.
And now they even have an introductory deal where you can get an extra 3 weeks worth for free. Not sure what the terms would be for that though. Probably have to sign up for minimum term or something.
Pretty cheap for a ready made, pre-packaged long term storage, balanced diet emergency food stash.
One other important thing I heard an intelligent person say yesterday.
Steve Liesman said "Right now there's 2 kinds of hedgefunds. Those forced to sell because of redemptions, and those that WILL BE selling because of redemptions."
I'm expecting the bottom to fall out VERY SOON, and it'll come most likely when the Dow breaks the last bottom close just over 8000 on that day when the intraday low was around 7750ish.
That will, IMO, be the final CAPITULATION SELLOFF and will signal not only the NEARING OF THE BOTTOM(no big immediate rebound however) in the market but also the turn in the silver/dollar/inflation scenario that we've been talking about and when we want to get more aggressive in our buying of silver.
I'm going to have as much dry powder on hand in the next 1-2 weeks as I possibly can and watch/listen carefully for the signals of the BIG TURN that appears to be coming soon.
On the monthly chart I saw, the turn looked sharper than it will on a weekly or daily chart, so I expect to have plenty of time to make the move when it comes, and it'll almost certainly be a tentative and somewhat 'bumpy' turn at least as it'll appear on a daily/weekly chart while folks get more comfortable with the idea.
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
RE: silver/dollar
NO sooner did I get done posting that last message than a major professional goldbug was on CNBC talking about how the dollar is almost ready to go into freefall.
And after some of the cheerleaders began to disagree Santelli bursts into the conversation and says "Wait a minute! I agree with XXXXXXXX. The rising dollar is only a function of the Euro and other currencies readjusting. When that's done the dollar will begin to fall". He gave a bunch of technical reasons after that all of which I can't remember, but it had a lot to do with foreigner ceasing to buy our dollars and finance our debt any more.
That sounds eerily like your "US sovereignty rating being downgraded" argument!
I think we're on the right track here bud. It's coming, and it sounds like it's coming pretty damned soon too.
ON a side note, Greenspan, John Snow and Christopher Cox are about to get grilled by congress. This should be VERY INTERESTING!
McGRANDPA's choice of Palin for VP was irresponsible, dangerous and an insult to Americans. By that choice and his continuing evil he's proving he'll do anything to win this election even to the point of endangering his own country. DEFEAT HIM!
The answer to a good way to stock up on foodstuffs for long term storage is to buy the Nutrisystems monthly food deliveries.
For less than $3 bucks a meal you get a wide variety of long term storage packaged foods DELIVERED to your house.
It provides a well-balanced diet to boot.
I know it sounds kind of weird but wifey got it once on a trial basis and it was not only pretty good stuff, but it was easy to get into and out of the program, it's cheap, it's pre-packaged for emergency storage, it's well balanced. Takes all the guess work out of building a stock for emergencies of any kind.
As for the stock, it's the same answer...NTRI even pays a divy! Now at over 6% and judging by last nights earnings report and guidance it'll be going lower, making the divy higher...which they DID STATE THAT THEY WOULD CONTINUE PAYING by the way.
Also,...saw a 22 yr chart yesterday presented by a professional technician that indicated a MAJOR technical reversal in the dollar is indicated to come within 1-2 weeks from right now.
This could be the catalyst to begin the big trek upwards for silver that we've been waiting for.
This of course bodes well for silver, but also means inflation is going to be starting a serious upward trend too which is terrible for prices and hence our standards of living and buying power.
But this next two weeks might be the best time to get your commodities cheap(including food for storage), silver and anything else that'll hold it's value in an inflationary environment.
It should be noted that this turn in inflation is only the beginning of a VERY LONG TREND of several years so there's not a huge rush to make these moves, but it does look like it's time to sharpen your vigilance and start making plans as to where you might want to put money that'll hold it's value and it wouldn't hurt if it's a tradeable commodity...ie silver, and, in the event that things get REALLY BAD, even packages of food will be of great value in a worst case scenario.
Other things might include guns and bullets, and even survival gear/tools, not that I think we're anywhere remotely near that stage, at least at this point.
Sorry about not getting back sooner...I worked all day yesterday, came n for a rest and fell asleep until the wee hours.
Going to check what happened to NTRI this morning now. I'm going to keep an eye on it from now on.
PS: Last night I looked at the fundamentals and there's a 53% short position against it! It'll probably get a lot cheaper before it gets better, but it'll have a higher yield too...if it survives that is.
If you have any questions about the food from Nutrisystems let me know.
If this
The USD was up and SLV was down today but if you look at those charts I sent you you'll see that slv had a spinning top doji today...opening and closing at almost the exact same price and the USD is getting close to being overbought again and didn't yet crack to a new high.
There's a good chance for a small reversal to start in the next session or two.
Just thought I'd mention it in case you hadn't noticed yet.
For the record, here's another beaten down fine divy stock.
PBT. Check their track record like you did the other two, to compare.
If the following article is correct...and it does make a lot of sense to me... then I think it means that silver will continue down as long as the market continues down and margin calls and redemptions continue coming in to the big hedgies and mutual funds.
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/10/10/financial/f160309D01.DTL
I'm not so sure that means it'll rebound even with a market reversal though since that margin call and redemption money is probably gone to money heaven. Also, if the market does make some positive moves at least a goodly portion of the remaining money will be chasing stocks in the hopes of a huge recovery based on some government inspired miracle move.
So far this weekend I've heard nothing about them agreeing to guarantee the LIBOR interbank loans which I think most agree is the best thing they can still do and what seems to be working pretty well in the UK. That's probably why they're dragging their feet on it. It's too good of an idea for this crooked and dimwitted Bushie bunch to understand.
So... I'm really not expecting a continuation of the upmove started on Friday because the market isn't getting what it really needs. And Cramer isn't helping either...Friday night he was saying he wouldn't be surprised if the market opened GAP DOWN at around 6000 on Monday, and he's recommending buying in traunches on Monday and then Tuesday when he thinks there MIGHT BE a big turn/bottom.
I DO THINK that serious inflation is in the cards at some point in the future, but a serious recession would seem to work against that in spite of all the liquidity being injected into the world although that is probably mitigating the deflation to some extent even now.
All of this is forcing me to change my earlier statement that "after this bounce up to 9500ish(if and when it happens) I'll be AGGRESSIVELY buying silver again".
Silver/gold will not imo be a buy again until INFLATION becomes the subject of concern in a bigger way.
On the bright side...I can think of two divy stocks I'm going to AGGRESIVELY INVESTIGATE in the VERY NEAR FUTURE. And thank you again for bringing those back to my attention. That seems like the ultimate solution for me and wifey for the next several years.
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http://investorshub.advfn.com/boards/read_msg.asp?message_id=23029613
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23031067
RE: DOM and PGH. I've had DOM as a drip and it's always paid the divvy, and that divvy bought more shares. I'm almost double what I had in the beginning in share numbers. PGH just started with the drip, and now doing the same there. Divvy's always been paid, so far, with these two royalty trusts. I assume the divvy is related to the price of oil and natural gas.
Did you see this article? Check it out.
TED BUTLER COMMENTARY
September 29, 2008
Meet The New Boss,
Same As The Old Boss?
(This essay was written by silver analyst Theodore Butler, an independent consultant. Investment Rarities does not necessarily endorse these views, which may or may not prove to be correct.)
It’s hard to imagine now, but there were times when I worried about having anything fresh to write about silver. Lately it has been choosing from many different topics. This week, the choice was easy. Amid the continuing swirl of major financial crises, one issue rose to the top.
On Thursday, September 25, the Wall Street Journal carried an article announcing that the Commodity Futures Trading Commission (CFTC) had opened a new investigation into allegations of manipulation in the silver market. http://online.wsj.com/article/SB122231175151874367.html
Furthermore, on that same day, Commissioner Bart Chilton e-mailed a copy of the Journal story, along with his own comments confirming the investigation, to those who wrote to him about the issue. Both the article and Chilton’s e-mail made special note that the silver investigation was being conducted by the Division of Enforcement, and not the Division of Market Oversight, which had previously investigated the silver market. In simple terms, Enforcement is the muscle.
Whether an entire market, like silver (or gold), is manipulated or not is a matter of utmost importance. In fact, nothing could possibly be more important. Market manipulation is a violation of law and a serious crime. Market manipulation damages everyone in the long run.
Because market manipulation is the number one priority of the CFTC, any revelation that they might be investigating a manipulation in any commodity is big news. So big, in fact, that such investigations are almost always kept strictly confidential while the facts are determined. This is usually so as not to disturb the market. That the CFTC has chosen to openly reveal this silver investigation is almost unprecedented.
Moreover, what makes this silver investigation a rare event is that the allegations are of a manipulation in progress. To my knowledge, all past investigations were revealed after the manipulation itself was concluded. Not only is it rare for the CFTC (or any government agency) to reveal a serious active investigation, it is unheard of to reveal an investigation of a potential crime in progress. If a regulator suspects a crime in progress you would assume the regulator would first end the suspected crime and then finish the investigation. If the regulator didn’t think there was a sufficient evidence of an ongoing crime, then why reveal that an investigation has been opened?
I think this is why there is universal expectation (including by me) that the silver investigation will be a whitewash. I know that silver is manipulated, and I’m glad to see the CFTC investigate. But I can’t help but feel suspicious of their objectivity, because they have adamantly denied such a manipulation for more than 20 years. How can they conduct a fair investigation and not be influenced by their past findings? I have been here and done this many times, and I don’t feel like getting fooled again.
EXPLANATION, NOT INVESTIGATION
Why the CFTC is investigating a silver manipulation is somewhat of a mystery to me. I certainly didn’t ask for an investigation. I did ask you to ask for them to explain the data in their August Bank Participation Report, in my "Smoking Gun" article http://www.investmentrarities.com/08-22-08.html This is the report that is directly responsible for the investigation. This is the report at the heart of the matter. But there is a difference between explanation and investigation.
When I first uncovered the data in this report, a little more than a month ago, I couldn’t believe my eyes. I had studied the data in previous Bank Participation Reports for years, but that’s because I’m a silver data junkie. This is usually a nothing report. In all the years I studied this data, it seemed like a waste of time. It was an obscure report that I never heard anyone ever refer to before. But the data in the August report was so disturbing that, in order to make sure I wasn’t imagining things, I asked two trusted associates, Izzy Friedman and Carl Loeb, to review the data with no advance suggestion from me as to its meaning. I wanted their unvarnished opinion.
When they confirmed that this was the clearest case of manipulation possible, I faced a new dilemma. I was inclined to believe that the data was in error. I suspected the CFTC would retract the data. So I was worried about being publicly embarrassed for making a big deal out of what may have been a clerical error. But the more I matched this data against the weekly Commitment of Traders Report (COT) data, I could see the data was accurate. Certainly, if the data was incorrect, the CFTC would have said so by now.
The data is clear - one or two U.S. banks sold short the equivalent of 140 million ounces of silver in one month. That’s more than 20% of world annual mine production. Less than three U.S, banks sold more than 10% of world annual mine production of gold simultaneously. The price of silver and gold then collapsed by an historic amount. These same banks have used the sell-off as an opportunity to buy back as many of their short positions at a giant profit. Those are the facts.
It is important to put these numbers into perspective, in order to appreciate their significance. One way to do that is by comparing what just took place in silver to other commodities. If one or two U.S. banks sold short, in a period of one month, the equivalent of 20% of world annual production of corn, that would equal one million futures contracts. (25 billion bushels x 20% divided by 5000 bushels). Since the entire open interest in corn futures is one million contracts, a sudden short sale of that amount would crush the price.
If one or two U.S. banks sold short 20% of the world annual production of crude oil, that would be the equivalent of 30 million NYMEX futures contracts. (30 billion barrels x 20% divided by 1000 barrels). Since the entire open interest on the NYMEX is around 1 million contracts, a sudden sale of 30 times that amount would drive the price of oil to ten cents a barrel. It would also be market manipulation beyond question.
The CFTC doesn’t need to investigate. They only need to explain why their own data fails to prove manipulation in silver and gold. Save the taxpayer some money and all of us some time. This needn’t take days, weeks, or months. This should take, literally, minutes. Why maintain and publish the data in the Bank Participation Reports if the CFTC won’t recognize an obvious manipulation that is a crime in progress.
THE COTS
The latest COTs confirmed the one thing I was hoping and expecting them to confirm, namely, that the biggest shorts continued to cover their short positions in gold and silver. What makes their short covering most noteworthy is that the buybacks in the most recent report occurred on a sharp rise in price, some $3 in silver and $120 in gold for the reporting week. This tells me that the big short, the U.S. bank(s), is serious about getting out of as much of its massive silver short position as it can.
From the time of the August Bank Participation Report, the big shorts have now covered nearly all of the gold short position put on during July. Therefore, the manipulation in gold was a complete success. In silver, while the manipulation must be considered a success, because the big short has covered an impressive amount, it has not covered all of its manipulative short position. In looking at the structure of the COTs, it does not appear to me that much further liquidation can occur to the downside. To say that the COTs are structured bullishly, would be a gross understatement.
IMAGINE
My mentor, Izzy Friedman, recently asked me to turn the clock back to a year ago, and then try to imagine that we would have a severe retail silver shortage. A shortage that now seems to be spreading to gold. It’s a powerful and profound thought process.
This silver retail shortage is completely underappreciated. I don’t think there could be more clear proof that silver has been manipulated in price. The talk that it’s "only" a retail shortage and not a wholesale shortage is silly. The silver retail shortage is so widespread in scope, it’s only a matter of time before it spreads to the wholesale sector. That’s especially true considering the record inflows into the silver ETFs. When the wholesale silver shortage hits, it will make a mockery of any CFTC investigation into manipulation.
The reason I believe the retail shortage is not truly appreciated is because of the boiling frog syndrome. Put a frog into a pot of cold water and increase the heat gradually to a boil and he won’t jump out. Because the silver retail shortage has been so persistent and gradual for the past year, we have grown accustomed to it. Most dealers have little to sell. Nowadays, it’s news when a dealer gets in a supply of silver, which is invariably sold out quickly. Guess what? That’s not normal, and just because it has been a gradual development doesn’t make it normal.
In fact, the growing and persistent physical silver shortage promises to be with us for a long time. Look around at the financial world. Do you see anything better to hold than real silver? Can you imagine owners of real silver rushing to dump their metal at depressed prices. To do what with the proceeds? Rush to put them in a failing bank?
It pains me to see so much financial peril around. Regular readers know I prefer supply/demand considerations and analysis of market structure. I’ve always considered the flight to quality aspect of silver as a bonus. But I see signs of that flight to quality in the current physical shortage. I don’t think that is going away any time soon. How many reasons does one need to load the boat with silver?
http://www.investmentrarities.com/tb-archives.html
DynaMotive president belatedly reports stock sales
David Baines
Vancouver Sun
Wednesday, September 10, 2008
The president and CEO of a publicly traded, government-subsidized Vancouver company has belatedly filed insider trading reports disclosing millions of dollars in previously unreported share sales.
Robert Andrew Kingston of DynaMotive Energy Systems Corp. filed more than 200 insider trading reports in July, showing that his family trust, domiciled in the Isle of Man, sold $2.8 million worth of shares during the past five years. The reports also show that, during the same period, the trust acquired $1.6 million worth of shares.
The net result is that the trust grossed $1.2 million (before brokerage fees) in share transactions that were not previously reported.
Kingston did not make the filings until after I wrote a column on May 31 noting discrepancies in his share ownership, as reported in various company filings.
He attributed the discrepancies to "confusion" over whether the trust, Cape Fear Ltd., is legally required to report its trades.
I don't think there should have been any confusion. According to the B.C. Securities Act, insiders must disclose "any direct or indirect ownership of, or control or direction over, securities of the reporting issuer."
According to the company's latest proxy circular, Kingston held 330,958 shares in the name of Cape Fear Ltd. as of May 15. (According to the newly filed reports, that figure should have been 734,998.)
Cape Fear was described in the proxy circular as "an Isle of Man company [all of whose] shares are held by an arm's-length trustee of a discretionary trust of which Mr. Kingston is a beneficiary."
Kingston said he set up the trust several years ago when he immigrated to Canada to take advantage of certain tax provisions that were available to immigrants.
He said he has no control or direction over the DynaMotive shares held by the trust, but he confirmed that he, along with his family members, are beneficiaries of the trust.
On this basis, it seems clear that Kingston has an indirect interest in any and all shares held by the trust, and is therefore obliged as a DynaMotive insider to report any shares that the trust holds, buys or sells.
But dealing with Kingston is like dealing with mercury: Just when you think you have corralled it, it takes on a new shape and slips away.
"I'm a beneficiary, but I don't beneficially own the shares," he said, paradoxically.
He said that, for tax planning reasons, one of the conditions of the trust is that the shares of Cape Fear (not to be confused with the DynaMotive shares held by Cape Fear) cannot be returned to him.
He was unable, however, to explain why this renders him a non-beneficial shareholder. "It's a legal difference. I'll have to check with the trustees."
Due to these technical complexities, he said, there was "some confusion" whether trades in DynaMotive shares made by the trust are subject to insider reporting rules.
I say this is hogwash. Kingston contracts his services to DynaMotive through Cape Fear. In May 2003, for example, DynaMotive paid Cape Fear 330,880 shares for Kingston's services, in lieu of cash. It is specious to suggest that Kingston can escape his obligation to tell shareholders what he does with these shares simply by burying them in an offshore trust.
Also, for years, Kingston reported Cape Fear's holdings of DynaMotive shares (albeit erroneously) on SEDI, on the Canadian securities electronic disclosure database (SEDAR), and on the U.S. database (EDGAR). Why did he do this if he didn't think he had to? Even more critically, why did he now decide to report all his trades?
It is interesting to note that these previously unreported purchases and sales -- which added up to a $1.2-million payday for Kingston and his family -- occurred at the same time DynaMotive's business was going from bad to worse, when the optics of the president and CEO disposing of shares would have been terrible.
By the time I wrote my column in May, DynaMotive had spent more than $50 million constructing two plants in Ontario to turn wood waste into biofuel, and neither was operating.
Despite repeated claims that it had been booking sales, the company had no recorded revenues. Losses were horrendous. The previous year, it had lost $14.7 million, raising cumulative losses to $87.3 million. (It has since lost another $5.8 million.) Losses were being exacerbated by large and growing management salaries and bonuses.
The previous year, Kingston had earned $977,745 in salary and cash bonuses, an increase of 23 per cent over the previous year, while chairman and major shareholder Richard Lin made $632,659, an increase of 17 per cent.
To finance these losses, the company was printing shares like crazy, causing massive share dilution.
During the previous three years, the company's outstanding shares had more than doubled to 208 million, and the stock price has crumbled from a high of $1.72 in March 2006 to a mere 22 cents.
And it isn't just DynaMotive shareholders who are suffering. Taxpayers, through the federal government's Technology Partnerships Canada, have committed $7.5 million to help pay for the Ontario plant.
"The only mitigating factor that I could find was Kingston's stock sales, or lack thereof," I stated in my column.
According to his original insider reports, he had acquired a total of 969,409 shares by May 2006 and hadn't sold a single share since then.
Based on these filings, it appeared he was "sitting on his shares like a good mother hen," I noted.
How wrong I was.
After I questioned his accounting, he belatedly reported more than 225 transactions. The B.C. Securities Commission charged him a late filing fee of $50 per transaction, for a grand total of $11,400.
That may not -- and should not -- be the end of it.
I think commission enforcement staff should make it clear that this sort of offshore dipsy-doodle won't be tolerated, and ensure that public shareholders get the information they need to make informed investment decisions.
dbaines@vancouversun.com
© The Vancouver Sun 2008
Google search for 'solar thin film' company/stock/volume
http://www.google.com/search?hl=en&newwindow=1&rlz=1T4PCTA_enUS244US244&as_q=solar+thin+film&as_epq=&as_oq=company+volume+stock&as_eq=&num=30&lr=lang_en&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=off
Forex...USD vs other currencies. Charts/quotes
http://www.advfn.com/p.php?pid=forexquote&curcode1=USD&curcode2=CAD
VBF 17.26 0.00
VCV 13.87 0.00
VGM 13.82 0.00
VIM 13.75 0.00
VKI 11.94 0.00
VKL 12.47 0.00
VKQ 13.75 0.00
VLT 3.59 0.00
VMO 13.70 0.00
VMV 14.60 0.00
VOQ 14.42 0.00
VPV 12.90 0.00
VTA 14.68 0.00
VTJ 15.29 0.00
VTN 13.86 0.00
VVR 5.92 0.00
Certain Van Kampen Closed-End Funds Declare Dividends
The Board of Trustees of each of the Van Kampen closed-end funds listed below (the “Funds”) today declared the following dividends.
EX-DATE RECORD DATE REINVEST DATE PAYABLE DATE
3/12/08 3/14/08 3/31/08 3/31/08
Name of Closed-End
Management Investment Company Ticker
Per share of net investment
income (monthly)
Advantage Municipal Income Trust II VKI $0.0595
Bond Fund VBF $0.2300 (Quarterly)
California Value Municipal Income Trust VCV $0.0700
Dynamic Credit Opportunities Fund VTA $0.1517
High Income Trust II VLT $0.0250
Massachusetts Value Municipal Income Trust VMV $0.0650
Municipal Opportunity Trust VMO $0.0680
Municipal Trust VKQ $0.0670
Ohio Quality Municipal Trust VOQ $0.0650
Pennsylvania Value Municipal Income Trust VPV $0.0615
Select Sector Municipal Trust VKL $0.0565
Senior Income Trust VVR $0.0578
Trust for Insured Municipals VIM $0.0625
Trust for Investment Grade Municipals VGM $0.0685
Trust for Investment Grade New Jersey Municipals VTJ $0.0690
Trust for Investment Grade New York Municipals VTN $0.0650
For more information call: 1-800-341-2929.
The amount of dividends paid by each fund may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts.
The final determination of the source and tax characteristics of all distributions in 2008 will be made after the end of the year.
Investing involves risk and it is possible to lose money on any investment in the funds.
Van Kampen Asset Management, the Funds' investment adviser, is a wholly owned subsidiary of Van Kampen Investments Inc. (“Van Kampen”). Van Kampen is one of the nation’s largest investment management companies, with approximately $120 billion in assets under management or supervision, as of November 30, 2007. With roots in money management dating back to 1927, Van Kampen has helped nearly four generations of investors achieve their financial goals. For more information, visit Van Kampen’s website at www.vankampen.com.
Copyright ©2008 Van Kampen Funds Inc. All Rights Reserved. Member FINRA/SIPC.
RN06-03420P-N12/06
Van Kampen Funds Inc.
1-800-341-2929
Source: Business Wire (March 3, 2008 - 12:09 PM EST)
News by QuoteMedia
www.quotemedia.com
Divy stocks
price Quotes as of close November 16 2007
AAV currently 9.30 dollars a share 15% Divy
PGH currently 17.35 dollars a share 15% Divy
PWI currently 26.33 dollars a share 11% Divy
HTE currently 20.20 dollars a share 18% Divy
JRT currently 12.28 dollars a share 15% Divy
DIVIDEND RANK:
#1 JRT DIVIDEND 17.8%
#2 FRO DIVIDEND 17.4%
#3 USS DIVIDEND 15.8%
#4 ARCC DIVIDEND 13.1%
#5 DOM DIVIDEND 11.7%
#6 GTR DIVIDEND 8.7%
#7 DSX DIVIDEND 7.7%
#8 NAT DIVIDEND 6.8%
Summary / Websight
http://finance.yahoo.com/q?s=fro http://www.frontline.bm/
http://finance.yahoo.com/q?s=nat http://www.nat.bm/
http://finance.yahoo.com/q/pr?s=DOM http://www.dom-dominionblackwarriortrust.com/
http://finance.yahoo.com/q?s=sff No websites available for SFF
http://finance.yahoo.com/q?s=dsx http://www.dianashippinginc.com/web/default.fds
http://finance.yahoo.com/q?s=fgp http://www.ferrellgas.com/
http://finance.yahoo.com/q?s=grt http://www.glimcher.com/
Dividend links
The Big Dividedn Stock List
http://www.dividenddetective.com/big_dividend_list.htm
Ex-Dividend.com
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=EXDIV.story&STORY=/www/story/11-08-2006/000447...
Buyupside.com Dividend paying stocks
http://buyupside.com/articles_stocks/dividendpayingstocks.htm
Dividend Money Blog
http://dividendmoney.com/
Dividends vs. Interest
http://www.ronviola.com/pdfs/Living%20Off%20Interest%20BW.pdf
Dividends Events Calendar
http://aol.ccbn.com/dividend.asp?month=20070213&day=20070214&date=20070214&client=aol
Invest Express quarterly/monthly dividend stocks
http://www.investexpress.net/quarterly_dividend.info/b.html
MarketWatch Market Screener
http://www.marketwatch.com/tools/marketsummary/screener.asp?exchange=15&view=4&lookup=Look+U...
Reit Growth and Income Monitor
http://www.reitmonitor.net/REIT_RSS
Form 4 Oracle Insider Trades
http://www.form4oracle.com/company?cik=0000108985&ticker=yorw
Nasdaq Sharpscreener
http://www.sharpscreen.com/sharpscreenlite/default.htm
Been working hard on some scans and was trying to figure out a way to let the guys use my template but turns out you have to be a memeber to see em the way I had em set up.
Have you tried it? You're a member I'm sure and it'll probably work for ya...I think.
Anyway, got some good scans figured out...just in time for the crash when they probably won't be worth the cyberink they're printed with. LOL
Yikes where ya been lappie?????
First copy the 3 sets of chart templates to you browser and then paste them into a message.
Then, put a [ at the very beginning and a ] at the very end of each "set".
Then put ][ between the [chartchart] in the middle of each set.
Then replace the XXXXs with one of the tickers from the "THIS WEEKS PLAYS" list to see the corresponding chart(s).
If done correctly, you'll see a daily chart on the left with a weekly chart to the right of it. You can have a maximum of 3 of these "sets"(6 charts)per post to study and keep to watch it's progress through time.
-----------------------------------
chart]stockcharts.com/c-sc/sc?s=XXXX&p=D&yr=0&mn=6&dy=1&i=p56672764043&a=99896089&r=255[/chartchart]stockcharts.com/c-sc/sc?s=XXXX&p=W&yr=2&mn=6&dy=1&i=p53487937954&a=99901556&r=5041[/chart
chart]stockcharts.com/c-sc/sc?s=XXXX&p=D&yr=0&mn=6&dy=1&i=p56672764043&a=99896089&r=255[/chartchart]stockcharts.com/c-sc/sc?s=XXXX&p=W&yr=2&mn=6&dy=1&i=p53487937954&a=99901556&r=5041[/chart
chart]stockcharts.com/c-sc/sc?s=XXXX&p=D&yr=0&mn=6&dy=1&i=p56672764043&a=99896089&r=255[/chartchart]stockcharts.com/c-sc/sc?s=XXXX&p=W&yr=2&mn=6&dy=1&i=p53487937954&a=99901556&r=5041[/chart
GVIS...MEDIUM TERM AND LONG TERM CHARTS...(surveillance/security play)Watch for bottom reversal/short covering move here.
XKEM......(long term cup formation heading for cup edge...range=.15-.25-.35 possible/pps back in strong support band/huge upside potential/biotech)
ONEV...(quadruple support level reached on a perfect cup formation/now in the "buy zone"/bottom play)
AMRE...(perfect cup formation with pps right at the bottom and well within the "buy zone"/bottom play with huge upside potential)
IMJX...(extreme volume spike/capitulation bottom play)
GVIS...Major support level reached/bottom play(surveillance/security/govt focus)
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