Pan''''s Labyrinth

[Pan]

bogus attorneys releasing restricted stock

VDSC

Cassandra Member Profile Cassandra Member Level

Monday, August 19, 2013 3:35:56 PM
Re: Dcab post# 65817

Post # 65813 of 65899

The company gets an attorney to write an opinion letter to the TA stating that the stock can legally be issued without a restrictive legend. The TA then relies on the opinion letter and issues the stock without the legend, which makes it free-trading.

Unfortunately many such opinion letters are fraudulent and attorneys are starting to be sanctioned. Bogus opinion letters have allowed toxic financiers to dump millions of shares of unregistered, improperly exempted shares into the market illegally. There are multiple SEC lawsuits regarding such activity.

Unregistered stock issued for services or cash is supposed to be restricted. For a non SEC-reporting company, the required holding period before the legend can be removed is one year under Rule 144.


Cassandra

Monday, August 19, 2013 4:21:45 PM
Re: Dcab post# 65822

Post # 65830 of 65899

Unfortunately there are attorneys who specialize in fraudulent/bogus opinion letters not just to TAs regarding removing restrictive legends but also in giving bogus opinions regarding financial and disclosure statements filed with OTC Markets.

Here is a link to a recent SEC action regarding bogus opinion letters to TAs:

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171513120#.UhJ9n5Kkpn8

Below is a link to a list of attorneys who are prohibited from providing opinion letters to OTC Markets. Note that all but 3 have SEC actions against them.

http://www.otcmarkets.com/research/prohibited-attorney

There are other attorneys not on that list who have been barred from SEC practice for fraudulent opinion letters to transfer agents. Some of whom have also been sued by the SEC.

Usually these attorneys don't end up disbarred but one attorney known for bogus opinion letters to TAs is being sued by the Florida Bar and could end up disbarred. She is also not on the OTC Markets prohibited list.

Many or possibly even most attorneys who provide opinion letters to OTC Markets don't actually meet in person with the company's executives or even thoroughly review what's submitted.

Here's an article about what's required:

http://www.securitieslawyer101.com/the-otc-markets-face-to-face-legal-opinion-requirement/

[Pan]

Cusip # and shorting

vgmiller3

Tuesday, December 04, 2012 12:33:30 PM

Post # 16784 of 81093


A company name change and CUSIP # change is a great way to shine some light on the degree to which AMBS has been manipulated via Naked Short ("Phantom"/Counterfeit) Shares.

Here is a link to info on CUSIP numbers for those unfamiliar with the subject:
http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=0&m=23494620&r=0&s=FSRT&t=LIST

The question: "Would a CUSIP change make the short shares have to cover?"

Seems from what I have read, a CUSIP change could force the cover of NSS positons if the change is done in conjunction with a name change. It is my understanding that the mechanics of the CUSIP change (with name change) would effectively prevent trading shares of the old CUSIP # and would create an entirely new set of shares through the DTC. By doing this, the DTC is forced to account for ALL of the old shares exchanged for the new shares. Without the name change, the old shares would simply be renamed. With the name change, they are physically exchanged which will isolate phantom shares and force covering.

At this point, I believe the broker who sold the Phantom Shares would be responsible for making good on the transaction. Perhaps the broker would force a squeeze in the NEW CUSIP shares in order to cover. The price again would spike as the broker(s) who were guilty of selling counterfeits made good through the new market.

Here is a conversation that occurred with the CUSIP Service Bureau:

...The CUSIP Service Bureau rep stated that a CUSIP # change "usually" comes with a name change, but not always. He stated that a name change will "always" come with a CUSIP # change though. He told me that the "name change" and the "CUSIP # change" starts with the company's Transfer Agent (TA) coordinating electronically with the CUSIP Service Bureau by linking the company's name and address. Then the CUSIP Service Bureau Coordinates with the Depository Trust Company (DTC).

The DTC will serve as the overseer to coordinate with the regulatory authorities and/or agencies whomever as deemed necessary. Sometimes the TA will coordinate with the DTC too for certain confirmations or transactions as deemed necessary. The DTC makes sure there is proper share accountability for proper dissemination into our brokerage accounts. This is all done electronically.

After the company/TA receives their new CUSIP # from the CUSIP Service Bureau, the company/TA (& legal team) then coordinates with the NASDAQ and SEC for the already coordinated amount of shares as the new inventory. The company/TA will then coordinate with the DTC to confirm the amount of shares and other key info.

After accountability is confirmed by the DTC, the DTC then authorizes the brokerage companies to change all old CUSIP numbers to the new CUSIP numbers electronically within our brokerage accounts. A CUSIP# change is not enough from what most believe throughout the investing/trading community to force a covering of a naked shorted position in my opinion...

The CUSIP Service Bureau further explained it as when stock 1234 changes its name and CUSP# to stock 5678, the shares of stock 5678 are given to them electronically by the TA to replace stock 1234. This is the key transaction. If only a CUSIP # change transpires then a lesser type of accountability takes place. The name change matching the address of the company is what actually forces an exchange of the "old inventory" of shares to the "new inventory" of shares. Without the name change, there is NOT a "movement of shares" from the TA that takes place.

Only one phase of the accountability process is required to take place to verify accountability when only a CUSIP # change transpires because of the lack of not having a creation of the "new inventory" of shares by the company/TA. Therefore no movement of shares takes place. This is a simple misunderstanding by many companies, but if not considered, it could be the difference for any type of forced covering of any naked shorted positions.

If there is NO DILUTION, a covering of the naked shorted positions should take place due to what's revealed during the accountability process between the DTC after getting the "new inventory" of shares from the CUSIP Service Bureau if there is not only a CUSIP# change, but a name change too.

Because of the CUSIP # change, the MMs will be required to account for each of the old shares with the new shares. Because of the name change, it's important because it forces the DTC to play a more finite role by not only accounting for the old shares to equal the new shares electronically, but forces them to match a "new inventory" of shares that have been given to them from the CUSIP Service Bureau as the new official/approved inventory by way of the shares given from the company/TA.

May also explain recent TA change.

Very, very long AMBS

[Pan]

nice shorting expl.

moneybuilder102
Share
Wednesday, January 26, 2011 7:29:29 PM
Re: goofball post# 29666 Post # of 29669


When a stock is shorted, it means that whoever is shorting is selling shares that they do not own (they could be borrowing from their broker or someone else though).

The best way to explain this is in an example.

If you shorted 100,000 shares of SKGO today at .0012, you sold 100,000 shares to someone who was trying to buy them, but you never owned that 100,000 shares. You borrowed those shares from a market maker or your broker, or they are naked shorted (we will keep this one out of the mix).

Now, since you sold someone those 100,000 shares, that transaction was worth $120.00 (100,000 shares x .0012).

Now, what you have to do is "cover your short". This means you have to buy back those shares to replace those that you borrowed from someone else. The only way you can make money doing this is if you can buy back those 100,000 shares cheaper than you sold them. say you were able to buy back 100,000 shares today at .0008, that means it cost you $80 (100,000 x .0008).

So $120-$80=$40 profit for you.

If you shorted 100,000 shares at .0012 ($120), and the stock ran to .005 and you covered your 100,000 shares at .005, that would cost you $500.

So $120-500= -$380.

Essentially, when you short, you think a stock will go down, almost all brokers do not allow shorting for penny stocks under $3 or $5 per share.

Market Makers short penny stocks to kill them and to cause people to dump their shares so they can buy back the shares that people dump at a lower price. I bet that market makers made thousands today on SKGO.

Market makers (MM's) shorted 40 million shares of SKGO today (my guess is mostly at .001-.0012), and they caused people to dump down to .0008, so what they will do now is buy back these shares for cheaper than they sold them for and make a nice profit on it. When they buy back their shares, it will cause the stock to go higher.

This is one of the many reasons why I think SKGO will continue climbing.

Mb102

[Pan]

The Signs of Impending Penny Stock Doom

"if you ever see signs of this, f$%k your loyalty and you honor and your holding and your waiting, Get Out!". "You can always get back in later when the stock is valueless, but don't hold it and be a suffering long - that frickin blows"

cpner49er Member Profile cpner49er Member Level

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54283451

Signs of Dilution
1. Gagged Transfer Agent (TA).
3. Inability to get a current share count from the company.
2. Increasing Outstanding/Authorized share counts.
3. Constant decline in price with rapidly increasing volume on chart.
4. Decline in price with no material event as a cause.
5. Large, even blocks of shares continually hitting the bid.
6. A history of Reverse Splits after running the share price into the ground.
7. The opening of a 504 Reg. D program.
8. Convertible debenture programs disclosed in financials or company communication.
9. Heavy coverage by penny stock promoters, mindless pumping on message boards, spam emails.
10. History of pump and dump action on the chart. 1-3 day quick runs followed by steep high volume drops.
11. Blaming low price and decrease in price on Shorting and Market Makers (MM's).
11. Several signs of being a scam.

[Pan]

"Definitions For The Fifth Letter Of Ticker Symbols

Have you ever wondered what that fifth letter at the end of the stock symbol is? It signifies that the issuer may have additional circumstances involved with the stock. Most recognizable is the infamous "E".

Complete "Letter" list enclosed below. You may want to print it out for your own reference.

The Eligibility Rule protects investors by ensuring that they have access to companies current financial information when considering investments in OTCBB-eligible securities.

Nasdaq will continue to monitor the filing status of all OTCBB issuers. In the event of a filing delinquency, Nasdaq will append the trading symbol(s) of the delinquent issuer's security with an "E". The fifth character "E" will be removed from the symbol once Nasdaq receives notification that the security meets the requirements of the Eligibility Rule. After 30 days (60 days for non-SEC filers), if Nasdaq has not been notified that the appropriate filing has been made with the issuer's regulatory authority, the issuer's security will be removed from the OTCBB.

Code: Meaning

A: Class A.

B: Class B.

C: Exempt from Nasdaq listing requirements for a limited period of time.

D: A new issue of an existing stock. (Often the result of a reverse split.)

E: Delinquent in required filings with the SEC as determined by the NASD.

F: Foreign.

G: First Convertible Bond.

H: Second Convertible Bond, same company.

I: Third Convertible Bond, same company.

J: Voting.

K Non-voting.

L: Miscellaneous situations such as foreign preferred, preferred when-issued, a second class of units, a third class of warrants, or a sixth class of preferred stock.

M: Fourth preferred, same company.

N: Third preferred, same company.

O: Second preferred, same company.

P: First preferred.

Q: In bankruptcy proceedings.

R: Rights.

S: Beneficial interest.

T: With warrants or with rights.

U: Units.

V: When-issued and when-distributed.

W: Warrants.

X: Mutual Fund.

Y: ADR (American Depositary Receipts).

Z: Miscellaneous situations such as a second class of warrants, a fifth class of preferred stock, a stub, a foreign preferred when-issued, or any unit, receipt, or certificate representing a limited partnership interest."

[Pan]

Short Sale Volume Reporting’s are deceiving.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47356938

I spoke to FINRA today and found out some very interesting things that until now I did not fully understand. I knew there was something wrong with this transparency of information but was not 100% sure what it was. I think I have my answer and it was enlightening.

I was first directed to the Notice to Members memo dated 9/29/2009

http://www.finra.org/Industry/Regulation/Notices/2009/P120045

The individual I spoke with wanted to make clear that to maintain proper trade volume reporting accuracy, a trade with multiple legs in the trade would only be reported once in the volume reports. The example given would be.

Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know there position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.

So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker. The key language in the FINRA notice is this:

Quote:
The Daily Short Sale Volume File will provide daily access to the aggregate volume of short sales in NMS Stocks and OTC Equity Securities reported to a consolidated tape and traded over-the-counter during regular trading hours on each trading day.


Consolidated tape is the open market where the transaction between seller and market maker is not done at the consolidated tape. That call this the media transaction.

Now for those wondering about Bona-Fide Market Making, I found out it can still be done but not electronically. The 15c-211 applies to electronic trade. Market Makers can continue to execute Bona-Fide Market making through phonic transactions but those sales made would be reported in the short interest reports bi-monthly and if not closed out will be reported as FTD’s in the system like any other trade failure.

Hope this helps at least clear up the high short interest volume reports seen. The reason the number is not 100% is because not all orders are routed thru independent market makers.


Since there is so much discussion and confusion on this I would request this be added as a sticky note since it clears up the confusions here.

[Pan]

shorts info


related to previous post

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51177787


Posted by: SevenTenEleven Date: Friday, June 11, 2010 8:16:29 AM
In reply to: None Post # of 28942
IHGP - MM's continue to short IHGP, even at these levels, and even as retail customers attempt to sell and exit their position(s). Shorting to cover retail customers' sells may represent MM's selling phanthom shares to cover retail trades, as a result of the retail customers' accounts being empty and void of real shares.

MM's are hoping for a RS and a move back toward $0.0001 were many "could", not that they "would", cover. They are also hoping for retail customers to exit at market or par value ($0.00001) to cover down there at a profit also.

The daily short volume is extremely high the past 2 days:

20100609|IHGP|724820700|832743406|O - 87%

20100610|IHGP|143004897|187802600|O - 76%

Good luck to all still in IHGP. Hopefully our losses are minimalized. And as wishful thinking, something actually happens to move this up.

The following link describes what short volume means and represents from the daily short list.

http://regsho.finra.org/DailyShortSaleVolumeFileLayout.pdf

Short Volume - Aggregate reported share volume of executed short sale trades during regular trading hours

Total Volume - Aggregate reported share volume of all executed trades during regular trading hours

Remember, short volume only represents aggregate short volume for that day. Nothing more, nothing less. Short volumes range anywhere from 0% - 100% on any given day and on any given stock.

[Pan]

can you believe the MM's?

Interact Holdings Group, Inc. (IHGP)


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53431985


Posted by: mrpenny2000 Date: Tuesday, August 17, 2010 4:27:23 PM
In reply to: None Post # of 28942
had my sell order in for 120 days...yesterday i switched it to market and within a few hours it executed at 0.0000001! unbelievable. oh well - thats $260 i can write off.

my broker ended up waiving the comission fees since it was a complete loss, even for them.. hah.

[Pan]

nice description

Posted by: s2kev D

Thanks so much for taking the time to answer my questions, I get so confused reading the board haha. So basically:

-"1 hit left": means price will drop soon?
-"2 pigs left": price is about to move up?
-"gappa": good to get in at open because price is gonna rise in the morning?
-"getting slapped": also good to buy because price is on the rise?
-"smacked/smackage": a positive thing?
- is ther any term for "sell asap" price is going to drop?

Sorry for all the questions, I wanna make sure I'm reading everything correctly before I start committing money. Also what brokerage do you guys use? I have a Scottrade account but I'm thinking of transferring to Lowtrades.com. Thanks again!


http://investorshub.advfn.com/boards/replies.aspx?msg=53142663


Posted by: Z-Man15 Date: Monday, August 09, 2010 11:33:06 PM
In reply to: s2kev who wrote msg# 329755 Post # of 329757
Its all good bud.

-"1 hit left": means price will drop soon?
It usually means the PPS will go up because 1 hit left = 1 more hit till the ask gets smacked down. Example. XYZ has NITE is at .0002. "1 hit left!!!" Someone smacks the ask. Now XYZ has MM GVRC at .0003 on the ask. Some buys at .0003, the stock now is trading at .0003... if that makes any sense at all.

-"2 pigs left": price is about to move up?
Pig = Market maker (MM). "2 pigs (MMs) left" That is usually a good time to buy. If 2 market makers are left, that means once they knocked down, the PPS now has an ask of whatever the MM above the last MM.

-"gappa": good to get in at open because price is gonna rise in the morning?
Possibly. It depends on the stock... if you think it will rise more. So lets say XYZ again at .0002. "gappa" Stock OPENS at .0004. Now it is your choice to buy. Gappa usually signals a good ,strong day. But I have it seen otherwise as well.

-"getting slapped": also good to buy because price is on the rise?
Yes, ask is getting slapped but you much check how much. And the amount of MM left on the ask. Because some MM's take millions, if not billions of shares to move a MM. One the ask gets slapped enough, that MM will get out of the way and the next ask/MM will step in. It will be a higher price than the one before.

-"smacked/smackage": a positive thing?
Exactly the same as getting slapped.

- is ther any term for "sell asap" price is going to drop?
No, not that I am aware of. POS is someones opinion that the stock is a piece of sh**. Usually the post is self explanatory if a people things people should sell. But do YOUR OWN DD and sell (or buy) NOT BECAUSE someone told you to.

Follow the MOMO (momentum = ask is getting slapped) the best you can. That is my advice to you.

No problem bud. I use Charles Schwab. Not the best for pinks but good enough. If you are going to be really committed to pinks, use EquityFeed as a stock trading platform. The best there is but pricey. That is why you need to be committed. But they do have a really cheap 30 day trial. Here is the link: http://equityfeed.com/

[Pan]

nice short squeeze example

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47180502



Posted by: finefinesuperfine Date: Sunday, February 28, 2010 5:40:15 PM
In reply to: None Post # of 143468
Annotated chart of a short squeeze

Hello all -- This is my first post here, but I've been following this board for a while, watching your progress and wondering about short squeezes and trying to learn what happens when they actually occur. I decided to take a look at the chart for the short squeeze of EVCC, which is one of the stocks that Monk mentions as one of his previous short-squeezes. It was really interesting, so i did some annotations, and the chart is below.

A few things to note:

First, this chart starts on October 15 and seems to capture most of the big movement in the short squeeze. As you can see, on November 1 the pps was .60, so you don't have to get into these at .05 or anything like that to make money. Anyone who got in at .60 had a 8-10 bagger on their hands if they had patience.

Second, the short squeeze takes time. There seem to be a number of fake covers, followed by MM shake-outs. These are attempts to convince people that the short position has been covered and that the squeeze is done. I am no expert on short squeezes, but I'd guess you'll see the same thing with CDIV as well.

Finally, one last personal observation -- you guys are trying to beat the MMs at their own game. I'm not saying it can't be done, but my warning to you guys is to remember that they write the rules -- it's going to take a lot of patience and a lot of teamwork (and probably a lot more money, too) for you guys to win this war. The good news is that this board seems to have a lot of patience and a lot of teamwork, and hopefully newcomers (which may include me) will realize that there's still plenty of opportunity for a 5-10 bagger here, and will join in the effort to break the MMs.

Sorry for the long-winded post -- I just find this stuff really interesting, and thought I'd share, and give people an idea of what the squeeze itself looks like. Based on EVCC, it won't happen over one day, and those who have patience and strength not to fold to the MM shake-downs will make the biggest money.

Here's the chart -- if any of you agree of disagree with it, please feel free to comment.

GL to all of you!!! Kick those MM's A$$!!!!

[img][/img]

[Pan]

Good example of how to trade


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50273236

Posted by: MacDonaldTrump Date: Monday, May 17, 2010 4:25:32 PM
In reply to: None Post # of 10649

My trades for today

Sell 2000000 Limit 0.00320 0.00330 32.00 USD E 2000000 0.00348 6 960.00000 Day
So yes it was me selling higher then the ask this morning ( the 0.0035 jump - some mm covered on my head lol )

Then i got back in at 24 with 3.000.0000
Buy 0 (3000000) Limit 0.00240 0.00330 32.00 USD E 3000000 0.00238 7 125.00000 Day

From which i sold 3.700.000 avg 0.0038
Sell 2700000 Limit 0.00360 0.00330 32.00 USD E 2700000 0.00360 9 720.00000 Day
Sell 1000000 Limit 0.00420 0.00330 32.00 USD E 1000000 0.00420 4 200.00000 Day

Make like 5K today and yes still in with 12.000.0000

I will add another 5.000.000 if it gaps up on financials.

Don't plan to sell any of my 12.000.000 before 49 or even 64

GLTA

[Pan]

Here is an explanation of a corporate shell.......

A corporate shell could be likened to a house that had been occupied by a family. Prior to the family moving out it was a home. But now it is just shell, a skeleton, a plain house with nobody in it, but if a family was to purchase the house and move in, it becomes a home.

Similar, a corporate shell was once the home of an operating company but once the operating company ceases to reside there because of adverse circumstances ( bankruptcy or liquidation ) all that remains is the shell.

Buying and selling corporate shells has become big business, just a couple of years ago a corporate shell sold for approximately $150,000.00 today they go for upward of $500.000.00. Talk about inflation! The increase in price is due to increase scrutiny by the Securities and exchange commission and the demand for shell by Chinese companies seeking to become listed in the United States.

As usual when there is money to be made the vultures appear with their unscrupulous practices. In most cases the shells are own by the same operators who are also acting as consultants to the companies they are helping to become public. This may be a conflict of interest but they are able to hide their ownership well with the help of securities lawyer who may also have a piece of the shell.

The situation described above creates a huge conflict of interest that the regulators have yet to figure out because of the intricacy of the many participant who work in harmony and are able to conceal their actions from the regulators.

If the consultant indirectly own a shell and is trying to sell it to the company that they are advising, how well is he going to represent the client when it comes to price and the amount of shares that they are to Retain? And how about with assisting the company in performing the proper research on the shareholder list and the history of the shell.

Don’t get me wrong there are many honest and well meaning consultants and shell vendors who established the shells for the sole purpose of creating a vehicle for private companies to go public, Just like you have the unscrupulous characters that appear every time there is an opportunity to make money, you also have honest enterprising individual who see an opportunity and take advantage of it.

Once the operating company purchases the corporate shell and merges into it, the owner of the private company receives a majority of the shell corporation stock (usually 90-95% ) through a new issue of stock for the private enterprise.

The public corporation will normally change its name to the private company’s name and elect a new Board of Directors which will appoint the officers of the company. The public corporation will usually have a base of shareholders sufficient to meet the requirements for listing on the Nasdaq Small Cap Market of Nasdaq Bulletin Board. Although some shell have as few as 35-50 shareholders and are currently listed on Bulletin Board or the NQB pink sheets.

At our company we don’t have an inventory of shells nor do we recommend a single vendor, instead we recommend several and after the private company selects a vendor we approach the process as if we were buying the shell for ourselves.

For more information please visit our website: http://www.genesiscorporateadvisors.com

[e-mail]

[Pan]

shorting

relm shorted 67% on 4/27


that short volume is recorded at the time of transaction. If the Market Maker
had to borrow shares to complete the transaction it goes on and is counted on that list. Much of this in most cases and with lower percentages is often covered the same day but I beleive they have up to three days to clear the books.
When you see an excessive percentage like yesterday and the day before with shares locking up it makes it increasingly difficult for them to cover there borrowed shares. If the trading today continues as is there will be another large percentage short today as well as it is holding very well. Should the pressure remain and the MMs
not given the opportunity to get back the shares it will either pop on MM buying (not likely) or they will resort to every trick in the book to induce selling. Should none of the above work it will end up on the reg/sho list which will highlight the Fail to Delivers which they weill need to rectify.

Continued buying pressure is needed to make that work out, this is their ball game they are pros they wont go out with out a fight.

[Pan]

Claytraders video intro to iHub

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38684542

good for noobs/brand new people

been there

[Pan]

new trader Q and A

read through at your leisure

http://www.stockmarketcats.com/f46/

[Pan]

cellar boxing

http://www.stockmarketcats.com/f46/cellar-boxing-6903.html

[Pan]

take responsibility for your choices

Posted by: Weby

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48048556

In reply to: UncleverName who wrote msg# 191210

I'm not sure I get your point?

The man has put years of sweat equity into this company. All I've put in is money. I don't think he owes me anything. I could have sold at any price between 40 cents and $150 and taken profits.

The shares he sold are shares, IMO, he's earned. He's taken a few off the table. His Right.

I'd love to know what you are so angry about. Did he hold a gun to your head to invest.

I'm simply a Caveat Emptor kind of guy and don't hold the President of Wave, the president of Infoseek, or the president of Dupont and GM responsible for my investment mistakes.

If you bet on the Yankees to win the series it's not the managers
fault if you lose the bet regardless of whether you think it is or not. You are allowed to be on the game. It's a capitalistic system. All of us have had a decade to make a better decision if we didn't like management. Ergo, anybody mad at management is really mad at their own decision making or lack of it.

Frankly, anybody who is mad at SKS for selling a few shares at this point is nuts for being here at all. By June it will be a non-event so it's the last time I'm ever going to post about it. Everybody here knows what I think about it by now. It's all about pucking and hockey sticks and don't puck around with the guy who speaks softly and carries a big hockey stick.

[Pan]

trading strategy 2

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48002050

Posted by: JJSeabrook Member Level Date: Thursday, March 18, 2010 10:16:46 PM

Post # of 12293

You win by playing the play. Don't marry a pinky. Watch the talk, do your own DD, evaluate what is forthcoming, and play it for a gain. Where there is confusion, there is profit. The best plays I have ever had were on total scam stocks, AND the worst plays I have ever had were on total scam stocks. LOL I stayed in too long on the latter and got burned, and anyone that has traded for almost any length of time has done that before. Don't bet more than you can afford to lose, because you could lose it all. Great potential here, if what they have PR'd is true. Great potential for disaster if it isn't. I'm on board for the gamble. Hope it works out for me, as well as you. If it tubes, I can take that loss as I don't have more in it than a really bad night at the casino. Don't bet the farm on any of this junk. Only stay in for what you can afford to pee down the drain. If it hits, you have a great gain. If not, you get to trade again another day.

JMO, and not investing advice
by any means.

[Pan]

trading strategy 1

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48002588

Posted by: dabonenose

Date: Thursday, March 18, 2010 10:42:43 PM
In reply to: None
Post # of 20528 Send a link via email Share on Facebook Tweet this post


The best way to play these pinkies, IMO,(If they have a good story) is to get em as low as possible and hold for a pop, then sell enough to cover your full investment so that you are only holding free shares. That way you can't lose.

IE,,I bought 3 million shares with an avg. of .00045 and sold 1 mill today at .0016. My initial investment was $1400 and I cleared $1600 today and still have 2 million in my acct.

I also have a fairly strict policy that I will not allocate more than $2000 to any one pinky investment.

You'd be surprised how fast it adds up,,,lol.

If you're a gunslinging daytrader then I guess you go all in,,,lol, It's just not my style.

[Pan]

AON DNR GTC order types




http://www.investopedia.com/terms/d/dnr.asp

http://www.investopedia.com/terms/a/aon.asp

http://www.investopedia.com/terms/g/gtc.asp


AON - AON orders are qualified as All-or-None. A buy or sell order can be marked AON to signify that no partial transaction is to be executed. This type of instruction cannot be used for orders less than 101 shares.

DNR - DNR orders are qualified as Do-not-Reduce. A limit order to buy, a stop order to sell, or a stop-limit order to sell can be marked so that it is never reduced. Specialists will otherwise automatically reduce all orders below the market by the amount of a cash dividend on the ex-dividend date.

AON DNR - AON DNR orders are qualified as both All-or-None and Do-not-Reduce. An order can be marked AON DNR to signify that no partial transaction is to be executed and it is not to be reduced. Specialists will otherwise automatically reduce all orders below the market by the amount of a cash dividend on the ex-dividend date. Only limit orders can be qualified as AON DNR.

CLO - CLO orders are qualified as At-the-Close. A CLO qualifier requests that your order be executed as close to the closing price as possible. There is no guarantee that the price will be the closing price. This qualifier on an order must be placed between 3:00 pm - 3:40 pm (EST) for all stocks.

[Pan]

Q list RU Liquid Made


Posted by: The Rainmaker Member Level Date: Thursday, March 04, 2010 9:52:48 AM
In reply to: learning as I go who wrote msg# 19253 Post # of 19287 Send a link via email Share on Facebook Tweet this post


Posted by: RULiquid Member Level Date: Wednesday, March 03, 2010 8:47:25 PM
In reply to: None Post # of 203844 Send a link via email Share on Facebook Tweet this post
Q list >>>

NCEYQ
NSTLQ
PFFBQ
PLTGQ
VSUNQ
WMANQ
TOUSQ
LEHMQ
DPHIQ
TWTRQ
IBCIQ
FMNTQ
WAMUQ
PGPDQ
WCIMQ
IDMCQ
DWNFQ
CCTYQ
LFGRQ
FFTIQ
WAMKQ
WAMPQ
FBTXQ
WAHUQ
TRNIQ
USEYQ
DEEPQ
DFCLQ
INGNQ
LUMCQ
SCOXQ
MTICQ
BRLCQ
FTUSQ
PROXQ
SHRPQ
DIOMQ
ADAPQ
GLGSQ
BTIOQ
MNCSQ
TVIAQ
FRNTQ
HMYRQ
CDURQ
CGYNQ
DCNMQ
LTGLQ
WSPTQ
FMNPQ
XKEMQ
IDMPQ
LEHNQ
CFWEQ
NPLSQ
WRSPQ
AGIXQ
LEHDQ
MLKIQ
DESCQ
SEMIQ
ABPIQ
AFFIQ
SIRCQ
IMMCQ
FCSEQ
CSKEQ
TWAIQ
IRIDQ
TWKGQ
PROEQ
OTVLQ
JCBSQ
PILLQ
ADTCQ
NQLIQ
MUCPQ
EGHDQ
HTVNQ
ARTEQ
RVSIQ
AMXIQ
PJTGQ
ECTPQ
KELLQ
ECSPQ
TRBCQ
CPCIQ
SHOEQ
HYDGQ
ENCZQ
LTVCQ
SHLLQ
EMDAQ
MTATQ
VNECQ
IHSVQ
MWDSQ
RCOTQ
WRTLQ
ATWOQ
CCRIQ
PWREQ
SBLUQ
UCMPQ
ELCHQ
ZANYQ
EWTLQ
BIKEQ
PMCOQ
BXXXQ
TGRPQ
NPNTQ
WLKNQ
MCOMQ
LEHPQ
MPCCQ
LEHCQ
PPRBQ
AHMIQ
LEHJQ
LEHFQ
LHHMQ
LEHKQ
LEHLQ
DIMEQ
VRSOQ
GAXIQ
IPIXQ
IFCIQ
AHMMQ
RTHMQ
FBTPQ
WDACQ
JOREQ
LEHGQ
PNLKQ
HCISQ
TMOSQ
SCNTQ
MTWVQ
IMESQ
FNCMQ

[Pan]

The shorting of OTCBB/OTC stocks





Posted by: ThePennyGuru

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46978308

The shorting of OTCBB/OTC stocks due diligence:


The OTCBB/OTC markets do not allow US Citizens to short these stocks: That leaves only Market Makers and off shore Hedge funds the ability to short these stocks.

Link for checking daily short volumes on Finra's regsho tracking site:

http://regsho.finra.org/regsho-Index.html

This data first became available to the public last Thursday as best I can tell.

Link for tracking monthly Market Maker volume for each stock:

http://www.otcbb.com/dynamic/tradeact.htm


Link to the OTCBB Bi- Monthly short interest report:

http://www.otcbb.com/asp/OTCE_Short_Interest.asp

Based on daily shorts volume, you would think that many short positions will last for an extended time. By looking at the Bi-weekly report, you see that most of the shorts have covered. This tells us that the short and covering is done every day. This is called shorting and covering for profit.

Link for tracking Knight Securities(NITE) monthly volume on every stock:

http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=mp&Issue=nite&SortBy=volume&Month=12-1-2009&IMAGE1.x=11&IMAGE1.y=10

As you can see Knight Securities(NITE) owns 80% of the OTCBB/OTC market
They traded 102 billion shares in the month of December.

Knight Securities (NITE) most recent 10k-

http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?dcn=0001193125-09-042277

Excerpts from Knight’s(NITE) 10k:

The majority of our Global Markets revenue is derived from trade executions, making markets and providing market access services in U.S. equities. Generally, market-makers display the prices at which they are willing to bid, meaning buy, or offer, meaning sell, securities and adjust their bid and offer prices in response to the forces of supply and demand for each security. As a market-maker operating in Nasdaq, the over-the-counter (“OTC”) market for New York Stock Exchange (“NYSE”), NYSE Alternext and NYSE Arca listed securities, the OTC Bulletin Board, and the Pink Sheets, we provide trade executions by offering to buy securities from, or sell securities to, institutions and broker-dealers. When acting as principal, we commit our own capital and derive revenues from the difference between the price paid when securities are bought and the price received when those securities are sold. We conduct the vast majority of market making activity as principal, through the use of automated quantitative models. Our traders offer execution services for complex trades and a variety of order types. We also provide trade executions for institutions on an agency or riskless principal basis, generating commissions or commission equivalents, respectively. Also, our trading strategy employs the use of high velocity algorithmic trading models which interact with street flow.

Net trading revenue 43.2 %


Net trading revenue (millions) 446.7



As you can see Knight Securities(NITE) derives 43.2% of their net revenue or 446 million dollars trading stock.

There has been continued scrutiny of market-makers, specialists and hedge funds by the regulatory and legislative authorities. New legislation or modifications to existing regulations and rules could occur in the future and could materially impact the Company’s revenues and profitability. For example, in November 2008, FINRA enacted rules regarding the OTC Bulletin Board markets which required that all non-Nasdaq securities be subject to limit order protection. Also, further amendments to Regulation SHO and related short sale rules, could make it much more difficult for market makers to sell securities short.


Knight Securities(NITE) trading as a principal and not as a market maker would have to physically locate the shares of over 2500 companies that they short daily. That would require over half their manpower daily on the phones making calls to borrow shares. There is no way this is being done



Employees

At December 31, 2008, our headcount was 1,045 full-time employees, compared to 868 full-time employees at December 31, 2007. The increase in headcount is primarily related to the acquisitions of Knight Libertas and EdgeTrade, as well as the overall expansion of our Global Markets offerings in 2008. Of our 1,045 full-time employees at December 31, 2008, 924 were employed in the U.S. and 121

I would venture to say that Knight(NITE) is using their Market Maker exemption and lack of need to locate shares and are actually naked shorting and covering daily to make money and a lot of it.

A check of Knight Securities(NITE) from Finra’s site:

http://brokercheck.finra.org/Support/ReportViewer.aspx?FirmCRD=38599

As anyone can see, there are numerous violations for illegal trading practices.

In summation- Knight Securites has used it's market maker exemption to illegally short the entire OTCBB/OTC market for profit. They have destroyed 1000"s of startup companies for profit. In a time when 10% of the US is unemployed how can we let this happen?

[Pan]

http://www.secinfo.com/

[Pan]

after hours trading

copied and pasted


There are three types of late reports

Those with a time stamp within a minute and a half after closing are just normal 90 second delays

Rule 6620.1 OTC Market Makers shall, within 90 seconds after execution, transmit through ACT last sale reports of transactions in OTC Equity Securities executed during normal market hours.

In this case the market makers may have conducted a trade within seconds of closing, but is delayed in reporting until after closing it is showing up a minute after closing. This delay, which is permitted, is often misconstrued as manipulation.


And then we have those later than 90 seconds after closing. These trades fall into two categories and typically involve larger size lots

This is sometimes used by financial institutions that are non market makers to report larger transactions that actually occurred during market hours, but since they do not have access to the ACT (Automated Confirmation Transaction Service) use Form T to report. In essence, bypassing the MMs.

MMs are basically prohibited from these "Off Market transactions"

A pattern or practice of late reporting without exceptional circumstances may be considered conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of Rule 2110.

These ”Off Market” trades are typically used by larger investors to buy larger lots at prearranged prices without risking driving the price upward or downward.


The second category involves so called “ex-clearing” lots. Certain transactions may clear and settle outside of the regular clearing system ("ex-clearing" transactions), where two dealers make an arrangement to settle trades between them outside the clearing system.

The process used to balance street side transactions depends on the type of comparison generated, and the settlement method for the particular trade.

Trades Comparison is accomplished in one of two ways:

1. Electronically through the use of an automated clearing house such as the NSCC. This the normal way

2. Manually via Ex-Clearing. Ex-Clearing is a manual comparison process that is performed by the brokerage firm’s Purchase and Sales Department. Unusual short coverings can end up settled this way.

[Pan]

Options Learning center

http://www.cboe.com/LearnCenter/Tutorials.aspx

[Pan]

Would you do Amanda? Better do some DD first

http://ddamanda.com/

awesome...

[Pan]

Need Information/Definitions of words?

wanna know what all those fancy words people are using?



http://www.investopedia.com/?viewed=1


http://www.investorwords.com/

[Pan]

authorised shares A/S


http://www.investopedia.com/terms/a/authorizedstock.asp


http://en.wikipedia.org/wiki/Shares_authorized

[Pan]

FUD

http://en.wikipedia.org/wiki/Fear,_uncertainty_and_doubt

[Pan]

more information


http://hardrightedge.com/

[Pan]

Volume Weighted Average Price


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47351641



http://en.wikipedia.org/wiki/VWAP

[Pan]

Options 101

http://www.wikinvest.com/site/Options


good info for the uninitiated

[Pan]

great rules of penny nvesting from another forum

Posted by: rodburton Member Level Date: Thursday, February 11, 2010 8:02:41 AM
In reply to: None


TOP 8 RULES OF PENNY STOCK TRADING

1. Do not chase .
2. Play defensively with an exit strategy .
3. Minimize your losses and move on .
4. Do not marry a penny stock .
5. Don't hold dead stock; use that money for the next one .
6. Have discipline - you don't have to get into everything .
7. Let yourself win - profit realized is more than profit imagined.
8. Trust your gut.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46529421

[Pan]

http://reversemerger.dealflowmedia.com/

more information to fill your brain

as far as I can tell, the person who runs this has 400 bucks in every shell company in existence, and watches, and waits, and watches and waits, and watches and waits......

[Pan]

not the worst reading either

http://10baggerstocks.com/

you can check out the PR section slash pump'n'dump section

http://stockreads.com/

see whos being pumped so you can avoid being on the downslide part of the curve.....

also, I have found the longer and craftier traders know the stinkers in the markets, so they know how long their rise will last, or after a while, no matter how many PR's the company puts out, it's too late because thay have burned out _every single trader_, resulting in a catatonic and unresponsive financial state

[Pan]

this guy isnt a complete jackass and you could do worse

:>)

http://pennystockgurus.blogspot.com/2010/02/gurus-picks-and-profiles-are.html

[Pan]

some shell stock info pulled from

http://www.stockmarketcats.com/f32/shell-stock-watch-712.html

with all associated data


greencat
Administrator

Join Date: Jun 2007
Posts: 20,159

Re: Shell Stock Watch
Shell Stocks are publicly traded corporations, all that exists of the original company is its corporate shell structure. The company should have no assets or liabilities, a public company that no longer has any business and just retains capital structure and reporting status. Many private companies like to reverse merge with a Shell and become public themselves. Since the public company changes it's name to reflect the private, this merger gives us the reverse situation, thus the term "reverse merger"
http://www.shellstockreview.com/ssr-Home.html


A 13-G filed by a well known RM partner is a very good sign that the shell has been vetted by someone who knows the business, and is now an interested party trying to shop it.

15-12G filings. Alot of people jump on a stock the minute they file a 15-12G, but why? In my mind, those companies are just begining the process of shopping their shell, if they're even thinking in that direction.

Instead, I'm looking at 15-12G filers from a few years back. The wheels of negotiation grind very slowly, so I imagine a shell could be in play for several years before the final paperwork is filed.
__________________
"People are not remembered by how few times they fail, but how often they succeed."
- Thomas Edison

http://motorbicycling.com/
motorbicycles that get over 150 MPG. Stop by and learn how to beat the gas wars.....

The Green Revelotion has begun. Save the planet. Stop by our green energy site at:
http://www.nature2energy.com

Te amo dios-
http://www.buscoadios.net

Articles by Gwitt
http://www.triond.com/users/GWitt

[Pan]

VCTY back down below 0.009, from 0.025c high, why?

Posted by: weebie Date: Tuesday, February 23, 2010 3:16:00 PM
In reply to: hermso who wrote msg# 4188 Post # of 4228

Well, there have been zero PRs up to now
and the only thing driving this stock is greed.
Anyone who sells to preserve their capital to fight another day is not a moron. Some can afford to hold, some should not.

As with all pennies....good money to be made, but gotta keep an eye on the volume.


Posted by: TheHungryHippo Member Level Date: Tuesday,
In reply to: weebie who wrote msg# 4223 Post # of 4228

Never underestimate the greed of the other guy.


Posted by: weebie Date: Tuesday, February
In reply to: TheHungryHippo who wrote msg# 4226 Post # of 4228

MM greed vs Trader greed

[Pan]

canadian pink stocks

eg DIAAF, a good product, but shite stock......

Posted by: VistaViewer Member Level Date: Monday, January 11, 2010 1:49:02 PM
In reply to: hunt4cash who wrote msg# 4162 Post # of 4192

"Company ... delivered over 10 million feet of food wrap in 2009"

...and at least TEN TIMES that many new shares...

...which are NOT bio-degradable.

No need for an R/S here since Canadian stocks can specify an UNLIMITED Authorized Share Limit, as this one has.

VV

[Pan]

What Does Short Squeeze Mean?



A situation in which a lack of supply and an excess demand for a traded stock forces the price upward.


http://shortsqueeze.com/



frrom wikipedia


Short squeezes are more likely to occur in stocks with small market capitalization and small floats, although can involve large stocks and billions of dollars, as happened in October 2008 when a short squeeze temporarily drove the shares of Volkswagen on the Xetra dax from 210.85 euros to over 1000 euros in less than two days, briefly making it the most valuable company in the world.[1]

In the time from of 2/17/10-2/18/10 (2 days) CCTC Clean coal technologies went from .0449 to .42, an increase of nearly 1000% due to naked shorting and recently being on the REGSHO list.

[Pan]

We all get emotional about our money...

it's important that you aren't fighting three enemies....

A) The Company
B) The MMs
C) Your peer traders

[Pan]

remember nothing goes in a straight line forever

You never know who may have a large block out there, waiting for an opportune moment to dump

[Pan]

[Pan]

What is a reverse merger?

The Golden Egg of the Pink Sheets......

excerpt taken from

http://www.gopublic.com/reversemerger.html

What is a Reverse Merger with a Public Shell?

A Reverse Merger is a transaction where by the private company shareholders may gain control of a public company by merging it in with their private company. The private company shareholders receive a substantial majority of the shares of the public company (normally 85% to 90% or more) and the control of the board of directors. The transaction can be accomplished in as little as two weeks, resulting in the private company becoming a public company. The transaction does not go through a review process with state and federal regulators because the public company has already completed the process. The transaction involves the private and shell company exchanging information on each other, negotiating the merger terms, and signing a share exchange agreement. At the closing the public shell company issues a substantial majority of its shares and the board control to the shareholders of the private company. The private company shareholders pay for the shell and contribute their private company shares to the shell company and the private company is now public.

Upon completion of the reverse merger, the name of the shell company is usually changed to the name of the private company. If the shell company has a trading symbol it is changed to reflect the name change. An information statement, called an 8-K, must be filed within 4 days of the closing. The 8-K describes the newly combined company, stock issued, information of new officers and directors, a full description of the business, and financial statements audited to US GAAP standards. The 8-K must disclose the same type of information that it would be required to provide in registering a class of securities under the Securities Exchange Act of 1934.
(See Sec Final Rule 33-8587, pdf file)

If the shell company is listed on the Bulletin board, the registered or “free trade” shares can continue to trade. The company can do a private placement immediately. To trade new shares offered by the public the newly combined public company must first register the shares with the SEC. This process takes three to four months and normally requires filing a Registration statement with the SEC under Reg. SB-2 or SB-1.

If the shell company does not have a symbol, an application for a symbol is usually made to the NASDAQ Bulletin Board. The application for a symbol requires filing a Form 211 by a market maker that is a member of the NASD. The Bulletin Board has no financial requirements. A listing will be granted if the affairs of the company are in order and the company answers the questions posed by NASDAQ.

[Pan]

This is a start-up Board for start-up Investors, especially the ones that don't know Shit.

Especially to advise the ones that put all their life savings into a daytrade pump and dump and wonder what the fuck happened.....

It is also supposed to become a resource of information, so anyone that has information, advice, experiences to share.... PLEASE SHARE!!!!

The Good, The Bad and The Ugly...... Good trades gone wild, and Bad Trades that sunk faster than a Titanic ....

The only way to learn is through sharing information and it's a bloody maze out there..... a snakepit where the market-makers act like a nasty casino den boss, and the wily shrewd pumpers are out to take you for everything you're worth..... but there are also profits to be made in casinos aswell.......

Information, Advice, Links, Directions, Please share with your fellow beginning investors..... because you remember what kind of snake-pit it was like back when you were beginning.....

And it's a bloody maze out there.......