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Telynx revoked: http://www.sec.gov/litigation/admin/2007/34-55250.pdf
Why No trades in the last few days. Seems Stuck in limbo. Any NEW news ?
tRi
tri..you are on your 4th alias and your posts dont warrant a reply!!
remnant,.... I posted that message TO ELIA, Not to you.
You state: "eliaman has been a stockholder in TLYN for years" ???
I know how long Elia has been with Cambio/Telynx.
Tell me something I don't already know.
I've been in this stock since 1999-2000 when it was manipulated into Medowbrook shell.
I know all the REAL players and I KNOW Elia BETTER than YOU !!!!!!!!!
Why do you have the need to continue to butt into and try to instigate onto OTHERS conversations, like a board bully?
you state:"I doubt his interest"</I>
Elia is a BIG boy, He can answer ALL BY HIMSELF.
Elia doesn't need a babysitter with an attitude problem.
Why don't you go TRY to play your sub-penny stocks. instead of trying to play the players ?
<i"We" were waiting..."
"we" will go on..."
"We" don't need..."
"We" are not listening...". ????
WHO IS THIS "WE" ????????
Again, Elia is a big boy, He doesn't need you trying to control and Elia doesn't need, YOU TRYING to direct HIS show.
"WE" ALL know what road, "YOUR" show, has taken these holders "DOWN"........
...the Road of NO RETURNS.........and it Don't LOOK pretty.
tRi
You might want to try doing some due diligence on the next one, though.
AMEN!!
Don't go away mad, just go away and pester some other board.
Idiot
eliaman has been a stockholder in TLYN for years. I doubt his interest was irrational, nor did he have thoughts of getting rich quick.
Nobody here did. We were waiting for filings, that's all. Hoping the stock would get a lift.
You are way overboard in your gluttony here.
These plays are all risky, and we all know it. Nobody is trying to blame anybody; we will go on to the next opportunity down here in pinky land.
We don't need your pious lessons. We are not listening.
fringe
Elia, Most company's in your link, are from England/Wales....How about the US ?
Now you are Blaming the "COMPANY HIRED" Auditors ?
Companies hire auditors to doctor books ALL THE TIME.
I believe, it was 1 in 12 companies that had to re-state their earnings last year alone. This IS not an accident.
below is a list of major auditors FINED for wrong doings...nothing will satisfy your ILK!! READ ON!!!
http://www.google.com/search?hl=en&q=auditor+fined
I thought it was ALL the BASHERS fault ?
I have NO pity for folks, who listen to the nonsense "pyde" Pipers con-games then, try to blame others, for their irrational exuberance, in making ridiculous and fatal investment decisions.
Whimsical dreams of GET RICH quick and easy money ARE imaginary and a false illusion, "Common Sense" and REALITY have to kick in.
tRi
I would second that. I would be interested in knowing what avenue's are available. Sue
I am open to the idea of "coming together" to protect our investments and would have responded then but for the lack of PM capabilities.
I really do not have a clue as to what can be done by us. Perhaps if you or someone else could drop me a short note at my e-mail address so as to not clutter up the board, I'd appreciate knowing what options are available.
cabo_sailor@hotmail.com
TLYN will Degegister and Go Private
I am told. The format for that has already been adequately laid out here by others.
I made a post the other day inviting investors to come together and hold their stock in the private company.
fringe
Fringe,
If I am reading the data on the link correctly, then once TLYN deregisters the SEC will drop the suspension and we will once more be able to trade on the pink sheets. Providing of course that one or more MM's are willing to handle the traffic. Not so?? Am I missing something?
Voluntary Deregistration
Filing 15-12G
http://www.investorshub.com/boARDS/board.asp?board_id=7145
Fringe, I rest my case:
Posted by: fringe_remnant
In reply to: stk_maniac who wrote msg# 3228 Date:1/29/2007 12:12:20 PM
Post #of 3244
Prove It
You said he knew. This means he's lying. And I won't tolerate those kind of allegations here unless they can be ascertained.
Show us that you can prove it. I would be very interested, because I have asked him to his face several times and each time he says 'No, I didn't know that there was an outstanding letter for the SEC demanding we file'.
I would like to make sure that the board knows the truth on this. Please prove your allegations.
I Resent Your Remark
I have talked about the knowing/not knowing thing here at length, and recently. Your points were well made and duly noted. I have spoken harshly with Talieh Safadi about this issue for a month now. I told everyone that I have questoned his integrity, and requestioned it. Recently. I reported what he said to me. Recently.
I don't know you.
Your accusation that you think I am hiding something, covering for Safadi, or that the claims are BS, all in light of the foregoing and your fresh face, is entirely misplaced.
So, take your remark and shove it.
fringe
Gee, fringe, I see that you totally avoided the part of my post that dealt with the BS claims of "not knowing" about the SEC action.
What a surprise.
That'd be the rational thing, of course, but you also have to include a moronicity factor here.
The Man Behind Hidden Alias Speaks Out -e-
That Would Be My Understanding Also
and I had indicated that inan earlier post. At this juncture Safadi has no resources to fight this.
fringe
Elia, I believe you were warned many times reguarding the Laurus' involvement in Cambio/Telynx.
http://home.att.net/~fcwriter/pennystocks1.htm
Now this is just the another time the fingers of the web of deceit come full circle
http://marketplace.publicradio.org/shows/2000/06/14_mpp.html
we have Allen Z Wolfson, involved on this ocassion with the..... ""The indictment state that members and or associates of the Gambino, Colombo, Banano, Genevese and Lucases organized crime families engaged in a pattern of racketeering
and we all know Wolfson, was involved via John Chapman,Phil chapman/ Fred Adler/ Grin Bros/ Laurus/ ect in the VC/CD offerings to Telynx/cambio
In your post, we have the Grin's tied into ...."Laurus backed him with a $6 million loan. On Jan. 5 O'Donnell pleaded guilty to being an associate of the Genovese crime family.
I believe you were standing up for this WONDERFUL financing
Arrangement and critizied anyone who brought this to your attention.
Now you are posting the same information, you rejected in the past as lies.
EVEN told you long ago.
You wouldn't listen.
tRi
Jurisper-I would think that it is very likely that they have consented to revocation.
All this nonsense about "we didn't know" is hogwash. Revocation registration moves on a standard timetable, with multiple contacts with the company over a six month period before a formal action is filed.
Sewer Pipes
Nathan Vardi 02.12.07
http://www.forbes.com/free_forbes/2007/0212/064.html?partner=yahoomag
Hedge funds are posting nice returns from deals that may involve ex-cons, stock scammers--even the Mob.
If your entrepreneurial venture were desperate for capital, would you get it from a hedge fund? Sometimes that's not such a good idea. Consider Laurus Master Fund. The Cayman Islands hedge fund opened with $5 million under management in 2001 and has grown to $1.6 billion making investments in so-called PIPEs, or private investments in public equities.
In those deals the fund invests in a cash-starved, thinly traded public company. In exchange it gets securities--notes that charge interest, warrants and options--convertible into common shares of the company. Laurus claims it has achieved an annualized net return of 18.5% since inception. The people running Laurus from New York--brothers Eugene Grin, 49, and David Grin, 37--are making out pretty well, too. In addition to the standard 2% of assets and 20% cut of profits, they also collect a closing fee, an average 3.5% of each deal, which they liken to points on a mortgage. As for the companies they invest in? Not so well. On average they lose 30% of their stock price within a year of signing a Laurus pipe, says PlacementTracker, a San Diego research service.
PIPEs are a big business, drawing $28 billion last year from hedge funds. Some of the companies raising the capital are large, but most are desperate indeed, too small or too weak financially to raise money with a public stock offering. Some of the hedge funds providing the money are not financiers that you would select if you had a choice.
Originally from Ukraine, Eugene Grin became a vacuum cleaner salesman when he landed in the U.S. in 1979. Then he worked as a broker of penny stocks, among other investments, at F.N. Wolf & Co., the boiler room shut down by regulators in 1994. At Wolf one of Grin's clients was Gilbert Bornstein, a 54-year-old unemployed man who invested $32,000 with Grin after being convinced he could safely double his money through penny stocks. (Grin says he never made that claim.) Bornstein was soon stuck with $27,000 in losses. Nine years later a New York State judge determined that Grin owed Bornstein $40,000. Grin has yet to pay that bill, and the judgment remains outstanding. "He was superwealthy," Grin shrugs, by way of an excuse. "There was money in the family."
Today Grin and his younger brother, David, still traffic in penny stocks. But they do so through PIPEs. Hedge funds love these deals because the shares they get are often priced at a discount to the market to compensate for the fact that they can't be traded until they are registered with the Securities & Exchange Commission, which can take months. Meantime, though, hedge funds can value those PIPE warrants and options pretty much any way they want and calculate their net asset value accordingly. The larger the gain in a fund's NAV, of course, the more attractive it is to new investors.
And the more attention these deals may draw from regulators. "Improper trading practices in connection with PIPEs is a concern," says David Markowitz, an SEC assistant regional director in New York. "It's an area that SEC enforcement is looking at." The feds have so far focused on the improper shorting of stock. It is mighty tempting for a PIPE buyer to double-cross the company it is investing in by shorting the company's stock and using the conversion privileges with the PIPE investment to cover its short position. That earns the investor a quick spread but wrecks the target's ability to raise more equity capital. Such shorting is forbidden by Section 5 of the Securities Act. In September a U.S. Attorney charged Hilary Shane, a former hedge fund manager, with insider trading, accusing her of shorting Compudyne's stock after learning that Compudyne was contemplating a pipe fundraising. On Jan. 4 Joseph Spiegel, a onetime portfolio manager for a New York hedge fund, settled SEC allegations of his using PIPE shares to cover short trades and paid a $110,000 penalty.
Andrew Worden, 41, runs Barron Partners, a $150 million hedge fund that has invested $85 million in pipes since 2003. The fund flogs its expertise in microcap companies. It doesn't promote the fact that Worden in 1994 pleaded guilty to wire fraud--he stiffed brokers on shares they bought for him that decreased in value--and served two years' probation. "I was 23 years old," Worden says of his indiscretions, which were not prosecuted for five years.
In March 2005 Barron Partners invested $1.5 million in Cordia Corp., a Winter Garden, Fla. Internet-phone outfit 54% owned by Alexander G. Minella, who in 1993 was sentenced to up to six years in prison. Minella, then president of broker Wakefield Financial Corp., pleaded guilty to having "secretly rigged the trading in certain Nasdaq securities" by getting brokers to trade among themselves to manipulate prices.
Corey Ribotsky, 36, heads N.I.R. Group, a handful of Roslyn, N.Y. hedge funds with $630 million under management. His first business partner successfully sued him for stealing away their marketing and consulting firm. The florist at Ribotsky's wedding filed a $7,275 claim against him for failing to pay the bill.
So how does he do as a hedge fund manager? A Ribotsky PIPE, on average, precedes a stock-price drop of 54% a year after the deal, according to PlacementTracker. That still works for Ribotsky because of the way he structures a PIPE: He receives debt securities convertible into discounted stock, in an amount determined by dividing the principal by the price of the shares at the time of conversion, less a steep discount. The further a stock falls, the more shares he gets.
Since Ribotsky invested $1.5 million in 2005, shares in Med Gen are down from $1 on the o-t-c bulletin board to a fraction of a penny. The Boca Raton, Fla. company had less than $1 million in sales from an antisnoring spray, diet pills and supplements. (Its biggest shareholder and chief executive is Paul B. Kravitz, the former president of AppleTree Cos., who paid a $25,000 penalty in 1996 to settle SEC claims that he failed to tell investors in an AppleTree offering that he planned to invest $250,000 in a gambling casino.) Ribotsky converted the debt into 171 million shares of Med Gen, at discounts of 40%, by September 2006. Did he sell his stake, triggering the stock-price plunge? N.I.R. lawyer Jonathan Schechter declines to say. "It is not us that makes a company lose its value--maybe a company hasn't executed its business plan," he says, adding that N.I.R. never shorts a stock.
One of Ribotsky's PIPEs, a $1 million investment in Roanoke Technology, a Rocky Mount, N.C. Web site designer, allowed N.I.R. to purchase newly issued shares at a discount of 50%; Roanoke's shares then traded hands on the o-t-c bulletin board at 12 cents. After Ribotsky sued Roanoke when it didn't meet its loan payments, Roanoke countersued, claiming that N.I.R.'s selloff of shares was destroying the company. Indeed, trading volume of Roanoke stock jumped from 180,000 to 2.4 million shares on the days Ribotsky's funds filed conversion notices, say court documents, and the stock price plunged to less than a penny. Both suits were settled. Roanoke chief David L. Smith Jr. ended up leaving the company and settling SEC charges in August 2006 that he improperly issued stock to consultants who sold them for $7 million and kicked back $4 million to him. Smith has been barred from acting as an officer or director of a public company.
When it comes to dicey partners, though, few are as accomplished as the Grins. They financed Francis O'Donnell, who has gotten to know the feds pretty well. Taking over as chief of Searchhound.com, an o-t-c bulletin board stock in 2003, O'Donnell changed its name to Coach Industries, quickly built up a controlling stake in the Cooper City, Fla. firm and started acquiring limousine companies. Laurus backed him with a $6 million loan. On Jan. 5 O'Donnell pleaded guilty to being an associate of the Genovese crime family. The indictment also claimed that an FBI agent posing as a drug dealer was asked to launder proceeds through Coach in exchange for a fee. In addition O'Donnell is accused of luring a victim to his office, where Clement (Clemmie) Santoro allegedly held a gun to his head and demanded a $1.5 million payment.
The Grins invested $1.5 million in April 2004 with Magic Lantern Group, which marketed Canadian educational videos. Their introduction to the company came through National Financial Communications, owned by Geoffrey Eiten, a Needham, Mass. newsletter writer who flogged companies and claimed to show readers "how to make 5,000%" on their money. Magic Lantern's biggest backer was Lancer Management Group, a New York City hedge fund that blew up amid accusations of fraud.
Magic Lantern, which lost $15.9 million on sales of $2.7 million in 2004, began to disintegrate. Eiten was sued in September 2006 by William Galvin, Massachusetts secretary of state, for engaging in "widespread 'pump and dump' transactions by publicly promoting certain stocks at the same time he was selling them." Galvin released chummy e-mails between Eugene Grin and Eiten's company suggesting they team up to sell Magic Lantern shares. Eiten denies any wrongdoing. Laurus managed to eke out what it calls "a nominal profit" before Magic Lantern's stock collapsed.
In November 2004 Laurus agreed to lend Thomas Equipment, which makes skid loaders and hydraulic equipment in Canada, $22 million to finance acquisitions and operations. At the time the stock traded at 88 cents. Most of Laurus' loans were convertible into stock at prices of $1.50 a share; the Grins also bought 2 million shares for a penny each and received options to purchase 4 million more for a cent apiece. Helped by a steady stream of press releases, Thomas shares touched $8.99 in January 2005 on light volume.
What was driving the stock? James Patty, former interim chief executive at Thomas and a current board member, says that David Grin was constantly focused on Thomas Equipment's share price, even though the lack of liquidity in the stock meant that Laurus could not sell too many shares without driving down the price. Word came down from David Grin, says Patty, "that he couldn't allow that type of hit to his portfolio." Why? "My assumption would be he was looking at a valuation of the company in order to attract additional money into his fund," Patty says.
Ridiculous, says Eugene Grin. The effect of Thomas' high stock price on Laurus' net asset value "was never material." His valuation model, he claims, discounts severely for the lack of trading volume in a stock like Thomas. A good thing for Laurus: Thomas Equipment's two main units have filed for insolvency in Canada; it was yanked off the American Stock Exchange and now trades for 8 cents.
Eugene Grin says he never shorts a stock. He also insists that Laurus provides a valuable service--and is more like a bank than a hedge fund. "We have tens of thousands of people working because of our investments," he says. "It's a beautiful thing."
Ummm and I guess the 3rd possibility is that TLYN has formally consented to revocation, in which case I guess it would take effect very soon, after the ALJ has done some bureaucracy.
I wonder if they had the pre-hearing conference yesterday & if TLYN participated?
If they did, I think the normal course of events at the conference would have been for the SEC to request permission to file a motion for summary disposition, which if granted would by-pass the need for a hearing. To get it granted, the SEC I think would just have to show that TLYN is delinquent. TLYN could file a response to the motion, and the EC a further reply; and then the ALJ would hand down a decision based on just these submissions. Anyway, that's what seems to happen routinely.
If they didn't, then I think the ALJ would have them served with an order to show cause why they shouldn't be summarily revoked, with an answer due in 10 days. Or something like that.
Great Post Eliaman....
How appropriate ,that post find its way to this board.
Truer words were never spoken. :)
tRi
OT:By: nanisback
28 Dec 2006, 10:19 AM EST
Msg. 68449 of 68808
(This msg. is a reply to 68443 by Vgolfmaster.)
Jump to msg. #
Vgolf, There are those (NOT YOU) on this board who "THINK" they are gods gift to man and are legends in THEIR OWN MINDS.
I find it laughable, the snotty-nosed arrogance of some of these mealy-mouth blathering new comers whos heads are up their oops where the sun don't shine, acting like self appointed monitors/crossing guards on this board.
I've been around RB since the beginning of time. I was part of the crew who helped design the TOS button and placement of options back in Rusty and John Cummings from RB's Waltham Ma.(terra-lycos) dayz.
All our input was video-taped/recorded @ an office in Cambridge Ma.
Maybe the "NEW" monitors of RB should dig out those tapes and review the many hours of meetings and discussion of what the purpose of these message boards and the "ORIGINAL" intent of the site builders.
I find it appauling, that TRUE, WELL LIKED, HONEST and INFORMATIVE members/posters like DueDillinger are exiled for nonsense, while blathering self-rightous fools are allowed their undeserved soapboxs.
RB is in a state of decay and will continue to faulter if they keep this foolish TOS policy in effect.
JMHO
Nan
nanisback
You really need to take a pill. This is a deregistering stock, going quiet. You are far too worked up to be helpful here.
Chill out please. I understand that Talieh is taking this where you can't get at him, and commiserate that you must be upset. But, it's over now. Your long history with this stock is over.
fringe
Prove It
You said he knew. This means he's lying. And I won't tolerate those kind of allegations here unless they can be ascertained.
Show us that you can prove it. I would be very interested, because I have asked him to his face several times and each time he says 'No, I didn't know that there was an outstanding letter for the SEC demanding we file'.
I would like to make sure that the board knows the truth on this. Please prove your allegations.
Either way, it doesn't change the line of responsibility now, nor does it shed a particularly kind light on Talieh Safadi. As I said to him on January 30th, while upset, "You are either culpable, or incompetent".
One thing for sure, he doens't have the resources to fight this thing. He wants now to return it to private circumstances, build the comapny, and go from there.
Again, if anyone is interested in working with me on this post-dereg, feel free to get in touch via PM. I want to organize a group of investors to approach Talieh and work with him as a package, out of strength. He told ne he is very open to that.
At the very least, your share ownership in the company will still be formally attached to you, and working for you.
fringe
This is going on TOO far.
"It's not a statement to be disagreed with."
ALL STATEMENTS on a public board CAN be "Dissagreed" TO
"It's a record of a telephone conversation."
How IS this possible ? It is your INTERPITATION of what you want others too believe, and can NOT be verified.
" I am reporting what was talked about and what he is thinking."
Now this Is a first...How do YOU know what ANYONE else is THINKING ?
NO ONE knows what ANYONE is THINKING, except themself, unless you are a combined twin using the same brain.
It doesn't matter what they say, print or do.
Are you telling us that "Talieh" Doesn't LIE??? LOL
How do you think TS and PM manipulated the company away from the bigger manipulator, Alex "Gabe" Sanders who was going to R/M his paper Free & Clear Foundation/BARC/ ect companies, into this shell.
They Don't have a viable product. They have an empty SHELL they were trying to exploit.
A lie is a lie....plain and simple.
When robbing a bank..the robber doesn't turn around to shut off the lights and lock the door before fleeing the bank.
tRi
"Are you living inside his shorts or something?"
Fringe--Seems like you have a problem with criticism.If someone disagrees or makes a correction you get upset.When you are in a public forum expect criticism.
I don't have to be in TS shorts to figure out he was aware of SEC demands.It's common sense.I can easily prove that ha was aware,but i don't have time to look back in history.
Please stop your senseless pumping of this stock.
stk_maniac
It's not a statement to be disagreed with. It's a record of a telephone conversation.
Talieh has been quite offended by me recently with what I have been saying to him. He says I am the only person who telephones him and talks to him like that. Ask elia.
I am making no claim. I am reporting what was talked about and what he is thinking.
If you have a problem with it why don't you talk to him? You claim he is was well aware of the SEC demand to file, He claims he was not. Are you living inside his shorts or something?
fringe
Sorry for spelling errors in my previous post.
Those who will stay with TS i wish them all best of luck and hope this company prosper.I am debating about what to do with my shares in TLYN.
Read 8-K filed on 4/12/04 regarding changes in control of registration.TS and Paul Mataras signed purchase agreement on 3/30/04.
IMO-TS instead of trying to prove his innocence should admit mistakes done (intentionally or not) and move forward.It's a waist of time trying to prove innocence and blame others.Now if he is honest then i wish him all the best and support him.
"1./ TLYN under your guidance was not aware of outstanding issues with the SEC, and not aware of outstanding demands to file. SEC personnel changes over time and those dealing with this case originally are long gone, and the demands were misplaced. You are just as surprised as anyone to have seen this action against you, considering that your were bringing your filings up to date. You will continue to pursue the periodic bookeeping for your company, public or not, and if allowed to, will file TLYN Q's and audited K's with the SEC."
I disagree with above statement.TS has been associated with TLYN for more than two years(may be more) and well aware of the SEC demand to file financials.He was also associated with TLYN when all the false PR campaign was going on in Year 2005.May be he is surpsrised at SEC action not SEC demand.
OT: Raging - Give this a read, it should answer all of your questions.
http://www.investorshub.com/boards/complex_terms.asp
To the board : I'm ALL confused.
1. What EXACTLY are we allowed to post on this Telynx board ?
2.Are we ALLOWED dissenting opinions ?
3.Are we ALLOWED to question,what appears to be self-serving propaganda ?
4.Are we allowed to question, anothers biased posted opinion, as a rebuttal ?
5. How do you REPLY to a private message, without getting A TOS , without the means to PM ?
How can there be a meaningful rational debate if only one sided special interest and opinions are allowed permeate ?
Seems like a catch 22 personal tlynx opinion = TOS
for some, and a free unabated ride for others.
jmho
tRi
Interesting...thnx fringe /e
TLYN Shareholder Letter to CEO
I just spoke with the CEO. Here is the sum of the conversation, emailed back to him.
fringe
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You wrote recently in an email to me and on your webpage;
"We look forward to hearing from you before making our final decision".
Following my telephone conversation with you moments ago I sum up the salient points herein and will speak of it publicly at your suggestion.
1./ TLYN under your guidance was not aware of outstanding issues with the SEC, and not aware of outstanding demands to file. SEC personnel changes over time and those dealing with this case originally are long gone, and the demands were misplaced. You are just as surprised as anyone to have seen this action against you, considering that your were bringing your filings up to date. You will continue to pursue the periodic bookeeping for your company, public or not, and if allowed to, will file TLYN Q's and audited K's with the SEC.
2./ TLYN is a viable business with an expanding product poised to offer its software in the small telecom market. You have been equally busy the last four months marketing TIII software, and have placed invited proposals with Telecoms abroad. These take time to gel. Locally you wish to pursue Telecoms in the North American market also.
3./ You understand that you may be forced to go private, although as yet that decision has not been taken. You commented also that going public again may not necessarily be as TLYN, but by backing through onto the public stage through a reverse merger with another shell. Shareholders who stay with you would be a part of that scenario.
4./ You are interested in protecting the rights and investments of shareholders and to that end invite interested parties who currently have a position in TLYN to join with you and take the company forward during this next interim stage. You will respect our investments and formally offer us a pecentage of the company equal to our percentage ownership prior to final deregistration. We will organize to help you do this. How this factors in when the common shares can be squashed by activation of the preferred C's is something that will have to be addressed, as protection of the common shareholder will be paramount with you on any deal. Fianlly, the current shareholders will need to be protected in any future arrangement involving the morphing of your company into another body and with new parties, with guarantees of percentage ownership and equivalent rights in future iterations.
I look forward to develop the above dialogue with you.
Gotta be Some post-Dereg Control Game Being Put Together
Prolly Safadi's biggest nightmare right now. He needs us, can't figure out how to do it, can't afford it, and Gabor Acs or some other crazy is out there buying shares.
Nahhh. That cannot be right. The preferred are the only thing that matters here.
Then again, which preferreds are we talking about? Safadi's, or the disappeared Materas Pref-C's? Hmmmm....
fringe
The cynics among us will presume that the accumulated cash is being split up up among a few robber barons.
Company people ..brokers..MNM's..Hedges..who knows;
certainly no one here but it does SEEM that a few are being allowed to get out from under.
I have had a GTC order in since the first grey day with nary a nod or whisper.
Yes in theory for every sale their should be a buyer but this market is like the Mutara Nebula.....
so....
does anyone really believe that there is one human on the face of the earth that is paying 200---300--900% over previous trading level for gray shares of a company facing the hangman ?????
Ive lost my share here but I had it coming for not delving deeper. The giant red flag should have been the stationary product that was left like a house by the side of the road in this exponential tech market.
Blame no one but yourselves .
Tuck this away and commit it to the mistake and learn pile.
Make it back elsewhere ..penny season is in full bloom and hope for a tlyn miracle down the road.
We might have been next - me thinks someone ordered x amt at x pps - the MM's took what they could get and put the blocks together
The total $$$ for the day was $17980 for 2,840,000 shares
That's an average of .0063 per share.
Theory #102, LOL
I know on the grey sheet it is hard to match up buy and sells. I've been told that trades are usually matched within each broker so probably no one at TDA was buying at a penny. But someone has been buying somewhere and I would like to know why? But I guess if someone knew that answer they wouldn't post it on a message board. lol. Good Luck to All.
I had 100k @.01 today for sale with TD Am also,no bites!All the buys looked bigger than that.
Which brokerage firm do you use? I put 50k up for grabs @ .01 with TDAm, thinking they'd take a larger block, but no dice.
There is no L2 to look at, but the T&S shows in each case that the trading drove the pps up - so my take is someone is willing to 'buy' in large blocks whatever can be accumulated and is available.
13:27:48 100000 0.005 - OTCEQ_NBB
13:25:48 1000000 0.01 + OTCEQ_NBB
13:24:36 500000 0.007 + OTCEQ_NBB
13:24:30 500000 0.002 - OTCEQ_NBB
13:24:27 240000 0.002 - OTCEQ_NBB
13:21:24 250000 0.008 + OTCEQ_NBB
13:21:09 250000 0.002 OTCEQ_NBB
Note: the last trade looks like paint (just my guess)
Not sure, but I had 10K out there for sale at a penny...
They didn't take them today.
Company buying back someones shares incase they do get de-listed?!?
MM closing out his books end of month?
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