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Great day! I'd love to see this continue.
someone must know something, vol is coming in now., I have bought all I can afford. know it is wait and see
Someone on Raging Bull Is reporting that the hotel deal was completed this morning. They claim to have a brother in law that is a manager at The View. I have no information other than what was posted on RB. Do your DD.
there is something weird about the quoting..... total volume for the day so far 1600 ??
B
They have removed the E
PNDR.OB
.079 bid .084 ask
1300 vol
I picked up a few shares at .0760 cents.
I did enjoy seeing two 500,000 shares buys come through in the early afternoon at around .0781 and .0782 cents (the Ask was at .0780). Looked like one buyer. The buys were seconds apart.
A rally would be fine with me.
NASD Rule 6530: Eligibility Rule
Hope it helps.
"...NASD Rule 6530 now provides that a domestic issuer must make periodic filings with the SEC, or with banking or insurance regulators and be current with those filings. The NASD will affix a modifier on the security’s symbol if the NASD has not received information that the report was timely filed. Issuers who file with the SEC will be granted a 30-day grace period before they can no longer be quoted on the OTCBB; issuers who file with other regulators will be granted a 60-day grace period. After the grace period, quotations in the security of the delinquent issuer will not be permitted on the OTCBB..."
http://www.rrbdlaw.com/1999/q499/otcbb.html
GLTY,
Everybody say hi to Bubba if he pops in again...good guy!
oh and tanail...The "E" is added to the end of the symbol if filings aren't done. It usually hurts a stock.
i like seeing the volume picking up ...... last time the volume was this high we saw it spike to 13
if it spikes without news I might sell and buy back on the retraction....
B
What is Rule 6530 ? Can someone explain this addition of an E to the ticker explain to me ? ... thanxs !
B
i think so too... it's just that they are making us wait for that PR....arrrgghh..........
B
No "E" tomorrow.
Thanks jw!
Post from RB
By: jwpioneer
25 May 2005, 08:19 PM EDT
Msg. 1096 of 1099
Jump to msg. #
PNDR.ob Will not have an E per the below.
Notes
(1) Refer to the D/L of 5/24/2005; CPLY continues to be delinquent under NASD Rule 6530. CPLY is having a name change. The new symbol (CRGO) will have an ?E? appended to its symbol effective 5/26/2005. (2) Refer to the D/L of 5/24/2005; the following issues are compliant with NASD Rule 6530 and will not have an "E" appended to their symbol effective 5/26/2005 as previously announced: AOOR, ARTD, BUGS, DRDF, DRGG, GENX, GPXM, HBSV, IFDG, ITPD, IYSA, KTSY, MMAM, MNHG, PNDR, SECU, SENR, SFAR, SNIO, TMAX, UAMA, XHUA.
GLTY,
Hi Tanail, Austin and Fat...uh...cat,
I don't think any posters know the reason for the gap down.
It's about to give me an ulcer! But I do strongly believe
just one good news report will make this fly!
PNDRE tomorrow? - WHY????????????
We did file before the deadline!
http://www.otcbb.com/asp/dailylist_detail.asp?d=05/24/2005&mkt_ctg=OTCBB
Is it just a stupid mistake?
GLTY,
Hey vixpix,I will make a post...lol
I am still holding my shares and am averaged in at .088 but I don't know how much longer I will play the waiting game.If I do get out in the near future.I will be back in when they show us the goods.
Good luck to ya.
Austin
Hey Tanail can you hear your echo, echo, echo. I can't believe that after a day like today somebody didn't post something here. Oh well, I'm still holding long and strong.
i kindof like the fact that ihub is less bussy....
B
Everyone is over at Ragi*ng Bull in case you are here and wondering where everyone is.
10Q released after hours mentioning the pending Niagra deal. Looking better all the time! JMHO
Form 10QSB for PENDER INTERNATIONAL INC
--------------------------------------------------------------------------------
24-May-2005
Quarterly Report
ITEM 2 - PLAN OF OPERATION
Pender International, Inc. ("Pender" or "the Company") currently has $2,000 in cash and $954,878 in assets. As of March 31, 2005, our cash flow requirement for the twelve-month period from April 2005 to March 2006 is $8,500,000. Anticipated cash outflows are as follows:
ANTICIPATED CASH OUTFLOWS: Amount (USD)
ANTICIPATED CASH OUTFLOWS: Amount (USD)
-------------------------- ------------
General and administrative expenses:
Consulting and Wages $ 200,000
Accounting 80,000
Legal 50,000
Office and General 40,000
------------------------------
Total General and Administrative $ 370,000
Current accounts payables and accruals 461,037
Commitment to Exercise all warrants
of Armistice Resources Ltd. 3,333,000
Anticipated cash flow requirements for
property development subsidiary 3,300,000
Additional working capital 1,035,963
------------
Total operating cash flow requirements $ 8,500,000
============
Pender Consolidated General and Administrative Expenses:
The general and administrative expenses projection of $370,000 is based on the actual expenses incurred during the three most recent quarters. Future general and administrative expenses are anticipated to be similar to those incurred during these most recent quarters.
Pender Consolidated Current Accounts Payables and Accruals:
The balance of the current accruals is approximately $461,037 as at March 31, 2005. They are due to various parties for services rendered. Terms on these accruals vary but they are all due within the second quarter of 2005.
Exercise of All Remaining Warrants of Armistice Resources Ltd. ("Armistice"):
Tentatively, Pender intends to exercise all warrants of Armistice by the end of this fiscal year. $3,333,000 would be required to exercise the warrants. By exercising the warrants Pender will effectively increase its position in Armistice Resources Ltd. from 14.4% to 25.2%.
Property Development Subsidiary Requirements On the date covered by this report, Pender has added a wholly owned subsidiary to manage property development deals (Montebello Developments Corp.) During the period covered by this report, the Company has entered into a definitive material agreement that will require us to make an initial outlay of $300,000 to commence the project. Details of this agreement have not been disclosed on Form 8-K during the period covered by this report. Thus disclosure of this event is filed herein under Part II - Item 5 - Other Information. The subsidiary will require $3,300,000 to over the next twelve-month period to finance this project.
Subsequent to the period covered by this report, our property development subsidiary has been in negotiations to acquire and develop a hotel and conference centre in Niagara Falls, Canada. Funding for this project is anticipated to be in the hundreds of millions. It should be noted that funding for this Niagara Falls project has not been factored into this report on the Company's twelve-month plan of operation as a concrete figure cannot be determined until the deal is consummated. In the event that an agreement is consummated, our cash flow requirement would change dramatically.
Pender Additional Working Capital:
Additional working capital of $1,035,963 would be used as general working capital. The additional working capital is required for a variety of reasons. Pender requires accessibility to liquid funds in the event that an acquisition target emerges unexpectedly. It is not guaranteed that Pender will make an acquisition in the next 12 months, however the company must plan for this contingency. In the next 12 months, Pender also intends to participate in any additional Armistice private placements if Armistice seeks to use this method to raise additional capital. Again, access to liquid funds would be required. A portion of this working capital will be allocated to research and development.
CASH INFLOWS:
To fund the above operations, the company plans to execute private placements within the next 120 days. Presently there is no deal lined up with any specific company. The private placements are in the planning stage and must be considered speculative. The private placements will be used to generate $8,500,000 by issuing 2,125,000 common shares at $4 per share.
Research and Development:
Pender seeks to invest in small-to-mid sized growth companies that are in need of strong management, administration and capital to bring their operations to profitability. During the next 12 months, Pender intends to hire consultants and use other related services to assist in researching alongside our Advisory Board to find target companies that fit Pender's profile.
The company currently has eight employees and uses consultants or contractors for project tasks. There are no plans to significantly change the number or employees, and there are no expected purchases or sales of plant or significant equipment.
yes we did...
I'll actually be happy to see the bashers back this time!
Nice volume this afternoon. We had some big buyers step up to the plate the last couple of hours.
Thanks gielda -- and everyone...
Unfortunately I got into a nasty fight with a basher on RB....I've been suspended LOL. But I will read along. Thanks for the tip.
GLTY2
Hey serfdom!
I am still here. LOL. Most action on RB & PS boards.
I'm trying to get cheap shares as many of us. Flip from time to time but ALWAYS in.
It's been quiet, alright. Nothing serious to report yet.
Soooooon, I hope.
GLTY,
Jump in and buy a few shares Serfdom. Join the Pender party before the cover charge goes up! I see we have had a few peeps snooping around at the hotel itself and the employees are saying that it's sold. Do your own DD. I hope everyone is having a great weekend.
God Bless!
I haven't bought in yet..but a few of my friends have. It looks good. My only concern was last month's chart...why all that volume with no significant move in the SP?
I'm still "here and in" and have a buy order for more....
Whew! I thought everyone bailed....
Batermania, I like your attitude!
Yes, I am of course. I continue to watch.
I'm still here... still in this ... still hoping it will pop
B
Hey Stockefeller and everyone...
Been reading up on this one. Looks promising. Think we'll see some volume?
My only question so far: how could so many shares trade in April without moving the SP?
I wouldn't mind e-mailing it to you but I'd rather not post it.
MrSparex@yahoo.com ...drop me a line and I'll forward it to you.
>I got a reply to an e-mail from Pender today apologizing for the
>delay in news but they have a deal not to discuss it.
Would you mind posting that reply?
Thanks,
B
www.penderinternationalinc.com
(bullish close today.HOD)
would you mind posting the email from Pender ?
Thanks,
Boris
Read post #600 on Raging B*ll. Excellent piece on the upside that Pender has.
I just wrote a nice long post...hit the wrong key and lost it!
Tanail knows I can write long posts!
So for todays action, WOW!
I got a reply to an e-mail from Pender today apologizing for the delay in news but they have a deal not to discuss it.
Todays action was the first big shakedown I've seen (that I owned stock in anyway).
I've yet to have figured out who owns the fallsview. I called Starwood hotels and she said they didn't own it but she "guessed" it was a franchise. I talked to 3 different people but nobody seemed to know anything.
I wouldn't have been any more excited with a $500 lottery win than with my e-mail from Pender today!
I do hope they don't do another shakedown before the run up...I don't have any loose cash and I hate to sweat!
MM manipulation or dumping... hard to tell..
Got nearly 50,000 more on the pullback today. MM manipulation at it's best IMO. Ready for the big run.
i tried to get shares at .065, MMs didn't give me shares... so i gave up. It would have been nice 30% up.
MMs= Crooks
dunno... looks like someone is trying to get out right now and is dumping shares.... :(
News................? The sqirrel needs a nut!
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