Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
o.k., in the pinks with shares floating?
here is where some companies have a naked short problem.
http://investorshub.advfn.com/boards/board.asp?board_id=10210
OSIPR — OSI Pharmaceuticals, Inc.
Rights
Primary Venue: Pink Sheets
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=osipr
its trading on pinks? what do you mean berlin?
best way to this is to get off the berlin exch. company has to request this.
now this is on the berlin exch.? would know who got them there for trading.
i have a forum for berlin exch. doing this such thing.
naked short kill a good company.
cramer supports us for illegal trading on berlin exch.
and SEC can't do nothing about it.
very fun..........
Thanks bro'...
had the NSS figured just wanted to make sure I was up to speed on the "rights".....should be fun this week :)
yes they are, but what matters here is the fact that they are not sopposed to be trading, someone is trading ghost shares, therfore if we run the stock, they will have to cover...the rights expire next year, the company said they are working on gettin the drug approved...if they do approve it, its a whole new ball game.........
this was a right that was given to stock owners of the company they merged with, it has 5 years and certain things need to happen, now the t/a said these shares were not supposed to be trading, but somehow they are..
was this a berlin trading for osipr? they do some illegal company listings there.
promoters do this to these companies for naked short.
due to pps , is it because of funding and financing problems?
i think i saw a merger in the ibox stuff.
hi odiaz, i saw you post at bobky stuff. decided to mark your forum for further review. thanx.
OK bud this a new one on me...
I've never traded "rights" before, so let me see if I have this right: What I would be purchasing tomorrow are phantom rights owned by Cell Pathways shareholders. These rights entitle Cell Pathway shareholders(pre-buyout) to sub-market prices on OSIP shares. Is that the jist of this and are these rights contingent on FDA approval of CP461?
no kiddin..i was going in on it as a nice chance to pick up shares of osip, then the ir informed me these shares are frozen, and they have traded millions already in the past year, we are in at bottom....
I like the way this is shaping up....
Shares being locked up, yet it's still trading....ya' gotta love it!
i think we can all make good money here...
you got my attention...boardmarked!!!
Looking forward to watching this monday.I will be buying just to see how it all ends up..Hoping more for FDA approval it would be $$, even without being shorted..Definitely risky but so is everything thing pink.
you just hit something there my friend...there is no float...who knows how deep this short is....i wouldnt go all in on this, but i got 55000 i may get another 55000 on monday, this is too good to pass up and worth the risk...
Yes it could go a lot higher then .06 there's NO float let alone a low float.LOL
it looks real good bud.....i think this could hit the .06 level......
right its up there in ibox, at first i came in looking at a nice play because the regular shares are at 38$, then i called the ir to see what the deal is and she informed me that the shares are in the bank of new york frozen for trading, then i asked her if the shares being traded now are ghost shares and she said it looks that way.........my friend tried to buy on friday and ameritrade said they will not buy shares unless you are holding a cert, i believe ameritrade and mm sbsh are short on this, and volume will prove my theroy correct, i have seen these R plays explode..thats why im in at bottom, and on friday it went unnoticed.
I know you guys are trading do to these being shorted, I'm just looking into what they are.They are CRV's (conditional rights value). When OSI bought out Cell Pathways shareholders of Cell Pathways received OSI stock at an approx 5.67% conversion rate and a 4.0% CRV in the event that one of Cell Pathways drugs were submitted and accepted by the FDA before the 5 year anniversry of the deal being approved.The date is in June of 2008.
Rights
A security giving stockholders entitlement to purchase new shares issued by the corporation at a predetermined price (normally less than the current market price) in proportion to the number of shares already owned. Rights are issued only for a short period of time, after which they expire.
This also known as "subscription rights" or "share purchase rights
http://www.investopedia.com/terms/r/right.asp
Security Symbol Fifth Character Identifiers
All security symbols on the OTC Bulletin Board® are either four or five letters long. A fifth letter means the security is something other than an issue of common or capital stock.
Listed below are the fifth letter identifiers and a description of what each represents:
Character
Description
A
Class A
B
Class B
D
New
E
Delinquent in required SEC filings
F
Foreign securities, except ADRs
G, H, & I
Additional warrants or preferreds
J
Voting
K
Nonvoting
L
Miscellaneous situations, such as stubs, depositary receipts, second units, or additional warrants or preferred
M
Fourth preferred, same company
N
Third preferred, same company
O
Second preferred, same company
P
First preferred issue
Q
Bankruptcy - involved in bankruptcy proceedings
R
Rights
S
Shares of beneficial interest
U
Units
V
When-issued and when-distributed
W
Warrants
Y
ADR (American Depositary Receipts)
Z
Miscellaneous situations, such as stubs, depositary receipts, limited partnership units, or additional warrants or units
http://www.otcbb.com/symboldirectory/static.stm
ahhh
thanks again odiaz
EXACTLY MY FRIEND..GHOST SHARES AND THEY WERE SHORTED FROM .06, A SURGE OF VOLUME WILL SEND THIS FLYING WITH MM COVERING..
hey guys
what shares R frozen - it traded past few days.
IR ALSO EXPLAINED TO ME THAT APTOSYN THEY HAVE DISCONTINUED ALL RESEARCH ON IT AND CP461 IS THE ONLY ONE THEY ARE STILL ACTIVLY RESEARCHING.
OSIPR....just talked to ir and they expire in june 2008, what we are looking at here is a short..........the company informed me that shares are frozen and not trading yet somehow they were whaked from .06 to here...
THE CVR NOTES EXPIRE ON JUNE 2008. THERE IS A HUGE SHORT IN THIS STOCK RIGHT NOW.
Can this board also be used for OSIP? I know an OSIP board exists already, but that one is more than dead. I was the only poster for a long time... Thanks.
Followers
|
3
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
84
|
Created
|
09/14/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |