All good GC. Good luck to you.
🤡🤡🤡 for thinking IT is more experienced at anything
Fairly useless as always
Hardly ever see one of these nowadays…. But they sure left a lot of blanks
jims busy building his retirement home in hawaii off our dimes and the par buyers also
If not I do not know what they are waiting on
quote the raven-----nevermore.
them 00001s-up to 0001 are mms stealing cheaper then 0001 when someone just wants out without sitting on ask for days/weeks.....did this ceo get indicted for fraud yet?
You are overthinking this.
The main reason why many OTC stock are .0001 is the insane amount of stock overhang, little to no access of capital from tradition sources, the only money that can be borrowed comes from loansharks or offerings that ensure future dilution. Most, but not all, have very little revenue. Most, but not all, have Preferred Stock that pays dividends in form of common shares. Most
Owners of these pennies own very little common shares but all the preferred.
would agree up to a limit but everystock on the OTC exchange is ticking down to .0001 not just HVCW which indicates to me there is a concerted action. As a result if everybody across the board had to put up the Limited of just $2.50 if you shorted 100 million shares you would have to put up 250 million dollars. Nobody in their right mind would do that the uness they had shorted the stock at the max or at least $20 a shares because 15% would be $3 million dollars at least for capital gains tax. I believe doing so would force out all the long term shorts and therefore awindfall of capital gains tax to pay down the national debt
Every couple of years the naked short selling stories make the rounds.
The reason for the $2.50 margin per share rule is upward pressure could move a price to infinity if the customer did not have the necessary funds in their account guess who is responsible for making up the difference? The brokerage house(s).
This why the naked short selling is a myth in penny stocks. Blaming market makers or brokerages for a company going bankrupt is deflecting or denying what is really going on.
When all is said and done, perhaps we will find out the Bobby T pulled one of the biggest solar scams in Southern California.
would be if there are no naked shorts nothing would happen as all these so called brokers claimed but if the SEC applied it across the board it would clean up the concept of shorting companies into brankruptcy as that appears what the plan is so you never have to pay capital gains tax on a short until you close it out. It therefore in my opinion is the method they use to avoid paying any capital gains tax whatsoever.
Some brokers have this rule that applies to shorting stocks under $2.50. You'll need $2.50 of capital for each share, even if the stock is priced much lower.Aug 27, 2020 How about raising it to $20 for fraudulant munipulation would be fare since the year 1929 supposedly occured from Naked Short Selling
Cool… thanks man.
Not that I am aware of. I used to be able to with a firm called AB Watley but I think they have long since gone away with the dinosaur
I can’t believe how many people fell for this con. It was so obvious by the numbers that were being put out as to how much borrowing Bobby T was doing + how deep he got himself involved with Canouse when it was plain to see he understood nothing about convertible shares. All Bobby saw was $$$ to finance his lifestyle and ego imo.
You have to either be a lying scumbag or completely incompetent to have screwed up this solar opportunity. Which are you Bobby?
Here is what happens to honest people in the solar industry in 2023-
I can see where you would think that, based on past performance. I don't think they are making any revenue any more. From the latest quarterly disclosure:
5) Issuer’s Business, Products and Services
The purpose of this section is to provide a clear description of the issuer’s current operations. In answering this item, please include the following:
A. Summarize the issuer’s business operations (If the issuer does not have current operations, state “no operations”)
B. Describe any subsidiaries, parents, or affiliated companies, if applicable, and a description of their business contact information for the business, officers, directors, managers or control persons. Subsidiary information may be included by reference
C. Describe the issuers’ principal products or services, and their markets
The website is gone, the business is permanently closed according to Google and Yelp, so I think the underlying business is toast. If they continue to keep the ticker active and report quarterly, you may see some revenue from the first half of the quarter before they shut down operations, but that will be it.
That's the way it looks to me. Good luck.
I have been hardcore against it given it’s past but looking at historical it has seen a few days of decent volume. I’m just watching but curious…lol.
The solar business has shut down in California. Even Bobby T admits this on his LinkedIn page. Most employees who worked for Modern Pro have updated their LinkedIn profiles with new companies. They have moved out of their Chino offices and the building is for sale. There are numerous lawsuits against the company from its own factors and vendors. Bobby T wants to to believe he is working on a new venture as he filed four new LLC’s in February.
Good luck with this one.
I don’t know about you, but I am holding this one here because the company is already making over $8 million in revenue. It’s just a matter of time. I would expect 01 by the end of this year or more.
Most exaggerated word in the OTC: “shortly” .
Normal people would think that means days. In OTC slang, it could weeks, months, or never.
HVCW (and other Canouse tickets) are in love with the word “shortly. As long as people continue to buy his stocks, why would he change?
What happened !!
And the volume returns to almost nothing again. Which shows you that “volume before price movement” means absolutely nothing when you have Preferred Stockholders receiving dividends in common stock which promptly get sold off.
I wonder how many new bagholders were created in the last five trading days?
Hope CEO has a special plave in hell
The last quarterly report did say that they have no business operations (with no explanation as to what happened to their business (it's closed, as you say)). However, if I were to bet, they will still file quarterly reports. However, given that the CEO looks like he's moved on to another project, you might be right, they may just stop being current and wait for the OTC or the SEC to "delist" them (I know that really isn't a thing on the OTC) or revoke the registration.