Wabbits Red flags and stocks

[k9narc]

More on shorting............

The post....

badali Monday, May 07, 2012 10:52:10 PM
Re: k9narc post# 38274 Post # of 38357

20120507|ICPA|8339865|0|30023286|O

http://regsho.finra.org/FORFshvol20120507.txt


My response.............

k9narc Share Monday, May 07, 2012 11:19:37 PM
Re: badali post# 38275 Post # of 38357

Yep............big numbers, and here are a few more.


20120409|ICPA|1536000|0|8126073|O
20120410|ICPA|3676688|0|7490742|O
20120411|ICPA|1218719|0|2703727|O
20120412|ICPA|2057499|0|4459370|O
20120413|ICPA|7862815|0|12486745|O


Those numbers show that 16m(aprox) out of the 36m(aprox) shares of ICPA that traded 5 days before the Semi-monthly short interest report were shorted shares.

The report showed.......

Short Interest for April 13 2012

Short Interest 0
Percent Change(100.00)
Average Daily Share Volume 5,356,294
Days to Cover 0.00



How can the Semi-monthly short interest report say zero when the FINRA numbers show about 16m?

----------------------------------------------------


Now, I haven't got a response back, and it was late, but it's easy to see from the figures posted that the FINRA numbers mean nothing on a day to day basis.

Some of the reasons for that are in previous posts on this board.

[k9narc]

Here is another post that may explain more.....................

"STUDY$ :This FINRA Short Data List is a fashion on iHub and is as misinterpreted than used to manipulate the opinion on board

Forget this short Data list because it doesn't mean nothing on a daily basis !

The short isn’t really a short it is the execution of a long sale by a market maker.

High short numbers might very well indicate a high number of legitimate retail sales.

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






KoolAid: Daily FINRA Short Numbers

This is one of my favorites. How many times have you seen someone post the daily finra short numbers and make some claim about how the market makers are holding back a stock because the the short total is so high or some other unfounded claim. Let me state that those numbers mean almost nothing. Here’s why.

It is theoretically possible to have 100% legitimate retail sells show up as 100% shorts in the daily finra numbers...

Consider someone selling shares through their broker. There are two legs to the transaction, the MM selling the shares into the market and the MM taking ownership of the shares from the seller’s broker. There is also a possible third case in which the MM just buys the shares from the broker to complete the sale and holds them (as MM's can end up with both short or long positions in a stock in an effort to make a market). In this sell case, if the leg of the sell transaction from MM to the market is counted, the sell will (somewhat surprisingly) appear as a short in the numbers if the MM sells the shares to the market first before taking ownership of the shares from the broker (as the MM may sell short to the market first knowing that he’ll immediately get shares to cover from the seller’s broker). If the buy from the broker to MM leg (or the buy to “hold” by the MM) is counted, the sale will not appear as short. Only one leg of the transaction will appear in the daily numbers to not confuse the volume numbers.

Buy transactions are equally confusing as they also have two legs. The leg from the market to MM and the leg from MM to broker. If the leg from market to MM is counted, the buy not will show up as short (as the MM bought shares). If the leg from MM to broker is counted, it will show up as short (as the MM sold shares to the broker). There is also a third case in which the MM sells his own inventory to complete the buy (which will likely not show up as short) and a fourth case in which the MM sells shares it doesn't have (naked shorts) to complete the sale. This naked shorting is legally allowed so that the MM’s can make a market.

In general, the finra numbers are supposed to tally only the "consolidated tape" transactions, that is the transaction legs between the MM and the market (not the legs between MM and brokers--called media transactions). This has the effect of often having a large number of legit sells (possibly even all of them) show up as shorts in the counts.

If this was confusing, that’s the point. Exactly what a short in the daily count means depends on a variety of factors including exactly when and in what order a MM completes the two legs of a buy or sell transaction. High short numbers might very well indicate a high number of legitimate retail sales.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57118053


Another source :

Get Educated folks BEWARE of these numbers :

Short Sale Volume Reporting’s are deceiving. (From patchman)

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.



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59179798

[k9narc]

We all hear about short sales and how high they are on the stock we are playing. Case in point....ICPA. Here a post....

"ALERT!!



49 Million shares shorted over the past 4 days!!! With an average volume of 15 mil a day that is approximately 81% of a 4 day trading volume. Steve Samblis IS NOT DILUTING!! He is too honorable to do such a thing!! This is pure shorting on IC Places out of spite to try and keep us at these levels. Yesterday the shorting volume dropped significantly. They pretty much tried to tank it in 3 days and FAILED!!. In the coming days you will see a huge short squeeze incoming and they will have to cover and talk about Green!!!!. "


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75242516

-----------------------------------

I guess the question is, are those short figures correct?

NO and there are a few reasons why.


I think the post below explains it, but all discussion is welcome.




shorts data explained...


SHORTS data explained by FINRA...phone call 3 minutes ago i spoke to FINRA regarding their daily SHO list which seems to show 30-70 % off all the volume in thousands of stocks as 'short sales'. they explained the 2 factors which tend to inflate the short sale data beyond what is normally considered a short sale, i.e. a person or firm borrowing shares which are then sold.

1. all marketmaker sells to buyers for which the MM doesnt at that moment possess the stock would go onto the list. the shorts data is sent to SEC at time of execution, so during the course of a day, a MM may trade 20M shares of company xyz, of which 10M of those shares were initiated as short sales and the other 10M were buys to cover those shorts. despite the fact that their net position at the end of the day is flat, the data would show 10M shares as having been short sales.
this applies even to grey sheet stocks. despite the fact there is no MM making bids and asks, MM's can and do call around to other MM's to find willing sellers to match buy orders and vice-versa.

2. the other factor that could affect the daily short figure is very interesting. if a sale is being initiated by the holder of restricted 144 stock, even though the owner of those shares is technically a long, the sale is listed as a short sale because the actual certificates are not yet "clean" via the transfer agent.

they confirmed that in order to ascertain the true "open short" position one should look at the bi-monthly short report. it was also stated that any of the daily shorts which were not delivered within the prescribed time would definitely end up on the FTD list.



"http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63945167

[k9narc]

XMDC...........still high on my scam list. We now enter the rinse lather and repeat mode. My guess is new name,a RS, lot's of promises and either a new owner or a forward split to reward shareholders.

There might be a chance of riding a pump, but it's not one for me.

[4u2nv2]

I was right. All the rest was just "static".

[MLR_Lite]

On Feb 13 there is an entry for a report, but no document is attached.

Filed & Entered: 03/14/2012
Close Bankruptcy Case
48 Filed & Entered: 03/14/2012
Order Approving Trustee's Report of No Distribution and Closing Case
47 Filed: 02/16/2012
Entered: 02/17/2012
Terminated: 03/14/2012
BNC Certificate of Mailing
45 Filed & Entered: 02/13/2012
Terminated: 03/14/2012
Asset to No Asset
46 Filed & Entered: 02/13/2012
Terminated: 03/14/2012
Chapter 7 Trustee's Report of No Distribution

[MLR_Lite]

On Feb 13 there is an entry for that report, but no document is attached.

Filed & Entered: 03/14/2012
Close Bankruptcy Case
48 Filed & Entered: 03/14/2012
Order Approving Trustee's Report of No Distribution and Closing Case
47 Filed: 02/16/2012
Entered: 02/17/2012
Terminated: 03/14/2012
BNC Certificate of Mailing
45 Filed & Entered: 02/13/2012
Terminated: 03/14/2012
Asset to No Asset
46 Filed & Entered: 02/13/2012
Terminated: 03/14/2012
Chapter 7 Trustee's Report of No Distribution

[4u2nv2]

Yea. We will know soon. I just checked that filing out the best I could. We have had legal eyes on it as well. We are good.

[k9narc]

This would be a lot easier if my Wife was around....."Most Chapter 7 bankruptcy cases are “no asset” cases. That means that the trustee examines the debtor and closes the case without administering any assets.

In these situations, the trustee has concluded that whatever assets the debtor has, whether they may include a house, car, money in the bank, or personal possessions, are either exempt, or have such a small non-exempt value that they are not worth administering.

When a bankruptcy case is a no-asset case, the trustee will file a certification pursuant to Federal Rule of Bankruptcy Procedure 5009 indicating various information as part of the process of closing the case. This is called a “no asset report” and it means good news for the debtor, because the trustee has decided to close the case without taking any further action.

Most Chapter 7 bankruptcy cases on Long Island are closed with no asset reports.

The no asset report includes statements from the trustee that he has neither received any property nor paid any money on account of the estate; that he made a diligent inquiry into the financial affairs of the debtor(s) and the location of the property belonging to the estate; and that there is no property available for distribution from the estate over and above that exempted by law.

In the report, the trustee further certifies that the estate of the debtor(s) has been fully administered, and that the trustee requests to be discharged from any further duties as trustee.

Most Long Island Chapter 7 bankruptcy trustees file their no asset reports within a few days or weeks after examining the debtor at the meeting of creditors."



http://longislandbankruptcyblog.com/chapter-7-trustees-report-distribution/

[StubbyPG]

I hope you're right 4u. We should know soon.

[StubbyPG]

His answer should settle this one way or the other. I'm amazed how well the PPS has held up since yesterday. Us longs are a stubborn bunch. I actually made good money on this the last couple years and I'm sitting on free shares so I'll hang in there until the bitter end. The thing that pisses me off is the potential this company had and the money we all could of made had they gotten their shit together. Oh well on to the next one.

[4u2nv2]

It went straight to a closed case. It was never discharged. Look at it very carefully. They were waiting discharge. And then Bam. changed to a "no asset" and the case was closed. Now they did discharge the Bk trustee from the case. The judge could have easily ordered the corporation shut down or how ever they word it. None of that happened. At the end of the day, closed case means it is over. If there was going to be a discharge from the creditors it had to be done before the case was closed.

[k9narc]

I phoned and he was in court. His secretary said to send him an e-mail with my question and I have. I'm awaiting a reply.

[StubbyPG]

Has anyone tried to contact the trustee for confirmation?

[StubbyPG]

The key words here are "dismissed" or " discharged". Dismissed means the BK was pulled by the filer, discharged means it went through and the company is done. Had several customers when I owned a business go BK on me. Unfortunately this is a done deal IMO. I felt this would turn out in SH favor until PL stated he was giving up the fight for the HARP. After that it was a crap shoot. Not sure why he didn't keep the shell alive.

[k9narc]

stubby...I think that, but there is still an ounce of doubt.

I have seen nothing to clearly confirm it done.

[StubbyPG]

It's done.

[4u2nv2]

IS that how the girl worded it "the company is done". That can be taken two ways.

First way the company is over.

Second way is a completed task. Like done with the bk.

I am only asking because we have went over every word of the filings and the Bk is over. I think the judge would have ordered the "corporation closed" if the company was toast. He only ordered the BK estate closed and as I pointed out that was the temp owner.

SO, was that her exact words the company is done????

I am just curious and not doubting what you say. I am all over google and working with legal to make sure that I have this right. I am like 99.999999999999% sure. I have not seen one corporation shut down from such a filing or anything like that. I have got a guy in legal that has seen these filings and has assured me that a discharge will result in nothing. Case closed.

[k9narc]

I called the Deleware court and asked for the status of the XMDCQ case and was told the BK was completed and the company was done.

With all the chatter around the XMDC board, I can't help but wonder if I heard the girl incorrectly or somehow am mixed up what she said. I was pretty heavily medicated, but I still think it's done.

I guess we shall know in a few days.

[Superhoops]

Haha... I'm really not, but my wife might be... but then again, who knows...

[k9narc]

SH..........Churchill? Are you nuts?

I lived in Winnipeg as a kid. I was born there. Flat and damn cold in the winter. It only gets colder as you go north.

Here's a photo gallery from Churchill. Stay warm and look at it.

http://www.churchill.ca/about/photo-galleries

[k9narc]

Superhoops............I don't have a cent invested in it, but have watched and played the stock for quite a few years. I'm hang around just to see how it ends and to see if I was correct about what I though was happening.

So far I have been.

Yes, our opinions or hopes of PL differ. I think he's a 2 bit wannabe CEO who see's how easy it is to make a living by scamming low level investors out of their pin money. He's cut from the same cloth as a guy named Richard Astrom. I think he's using the Astrom play book.

What happened with XMDC still has some questions left unanswered.

I called "scam" when this first started and said that XMDC would never bring the Bioburp to market. While, it looks as if I was right, I still wonder if this was something that was just because of Paul, or if the two of them were in this together.

I did say over a year ago that the law suit would end badly for shareholders and kill the chance of finding out the truth. With out having the case go through chancery, we will miss some of the dirty details.

If Paul feels the heat is off, he may try to keep the company going.

I think it will go Ch 7 and fade away.

If it doesn't, then we will see dilution to generate cash and somewhere down the line, another RS.

I really can't imagine any company that is looking for a merger to consider a pinkie with a Ch 7 history and a large float as a good move for them.

I guess time will tell.

Good luck with it, I'm just gonna watch and keep the board as clean as I can. Call it a hobby.

[Superhoops]

Hey k9: I just wandered over here... My wife and I live in Maryland... but we both want to move to Churchill Manitoba - where the polar bears cross... just for a year though just to say we saw it and did it... I bet it would be friggin cold up there...

Anyway, we may differ on our opinions or hopes of PL but I do notice your fair posts, such as your refution of the claim of dilution during the Bankruptcy period...

Thanks and GLTY

[k9narc]

Nope..............North shore of lake Ontario. About 12 miles north of Cobourg Ontario.

[Brad S]

PA?

Location.... The rolling hills of Northumberland County.

[k9narc]

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[k9narc]

1

[k9narc]

My feelings about Lisenby and the future of XMDC have not changed.

I still see to many red flags to do anything but flip it on runs.

[suspiciousMINDS]

if you cant help your friends k9, what credence do the days spent with them bring???????

this Lisenby putz has those boys over at xmdc thinking he can do it........what do you think??????????????

course half of 'em figure its a Vegas toilet as it stands, just a shame that thought is used for hard earned money in todays times

[k9narc]

It would surprise me to see XMDC go sub penny today.

It will surprise me if it doesn't.

[RJ Trotts]

Buy and Flip is the ONLY way to play pinkies, that is for sure. IMO we have all learned the expensive lessons of buying and holding a stock, and thinking it will actually work out. I like stocks with OPEN t/a's and ones that we know NO dilution is occuring, those are hard to find, especially in the pennies. Take care and hopefully things are going well your way.

[k9narc]

I agree and look at it as one to watch and flip.

I wouldn't want to be holding if the "deal" goes south, but a PR that states the BK is dropped and a deal signed will give it a nice pop.

Still not convinced that the bioharp is a real thing.

[suspiciousMINDS]

Ho-aa, XMDC IHUB is feeling way overconfident, whats your take ?

[suspiciousMINDS]

is this how you rub shoulders with greatness? figuratively

being an enigma? please, obama is`enough for the USA

one would have to say that this Knobbe firm is gearing to either rip lisenby to pieces or market the patents because they are` REAL

[k9narc]

I thought this was one of the easier ones to spot.

I asked from the beginning, why all the DD I did, led back to the Ihub board and why I could find no chatter anywhere else on the web about this fabulous product.

Personally, I think the 2 are in this together, but with chapter 7 kicking in, we may never know the whole truth.

[k9narc]

The same way they all do.....

[suspiciousMINDS]

better ?, if XMDC is a scam, how does it get this far through the business world of DUE diligence and not be detected much earlier, are the Pinks just a blind mans desert to wonder through with no one fact checking the fact checked lies

Its amazing that a shred of truth carries a company like XMDC to such levels of complicity, IF it is a scam.....

Bioharp scaN, scaM how coincidential is one letter?

[suspiciousMINDS]

who what how, did the SCAM get perpetrated?

[k9narc]

I would much rather be right about a good investment than a bad one/scam, but I do think that this....(xmdc-q) was a scam from day one.

I feel sorry for those that believed in it so strongly.

Most pinkies/otcbb stocks that get the Q, come back as a shell.
Existing shares are wiped out and they get to start fresh.

Existing shareholders get zero.

Be careful all. There may be a slim chance of a comeback, but I personally would not bet .0001 on it.

Good luck if you chose to ride it out.

[k9narc]

suspiciousMINDS..............a legal battle is a good way to make a scam look like a deal gone bad. If the 2 of them set a scam up this way, the court won't discover it.

[suspiciousMINDS]

So you think product is not whats hyped?

After I asked about Astrom(11/2010), my DD says XMDC is clear, so we concur, but you think that scammers separately drink from same well, as I do......

lawyers dont take "nothing" for $$'s, especially ones that focus on medical devices, so what gives? I think this Lisenby guy got ONCE lucky, found this product, sales-scammed the inventor, and now has a tiger by the tail, and XMDC shareholders hope the product can stay with the shares-XMDC

lack of device buzz is always what bothered me, but the backstory to explain that would be that both the inventor and Lisenby know the product doesnt work as purported, hence no 3rd party reporting, just manufactured hype, so why they at each others throat in court, they would just be wasting their scam dollars, and getting closer to legal exposure of the scam, so something is real here

[k9narc]

suspiciousMINDS................good handle. One similar would fit me. I'll try to be brief.........

The biggest red flag for me is the lack of info out there on this "bioharp". Google it and all links come back here to Ihub. The "longs" are the only ones talking about it. There are no Dr's blogging about the new scanner that is going to be the unit to have. There has been zero discussions about it other than here.

I find that strange.

A big company in medical equipment should have been all over the harp if it was a viable product. I question how XMDC ever got the deal to buy it. A pissant little company with no manufacturing, sales capability or money, trades shares to aquire the patents on the next big, must have medical scanner. I don't buy it. Never did.

The cost of lawyers fees for this case would be small when compaired to the money that could made selling shares. The float has bloated and we now see the lawyers holding the patents as security for fees. Where did all the money go from the shares that were sold in the last few years?

Something doesn't add up.

When I look at the fact this was an Astrom shell a few years back.......It just screams SCAM.

I think when all is said and done.....the lawyers wind up with useless patents as payment and the shareholders wind up with another RS and the promise of something new.

I don't hold enough shares to care, but hope I'm wrong about the whole thing. There are some that I'd like to see make good money off this investment.

I just don't think I'm wrong.

[suspiciousMINDS]

What flag specifics? does this Lisenby guy has any clue on how to handle the inventor, weren't they friends once??.....how does Lisenby get this product to a market?

[k9narc]

XMDC...........I see flags everywhere.......am I wrong?

[k9narc]

I would think that Asstrom has no interst in XMDC at all now, but I really haven't been looking.

Impropriety? I don't know. I just don't trust any of them. I have a lot of reason for doubt.

[suspiciousMINDS]

k9, whats your take on the ASTROM connection with XMDC?

Any remainder of impropriety?

Obviously the ASTROM boys have been hit by FEDS again.....

What was the nature of Lisenby's relationship in acquiring the Summus shell and turning into XMDC?

[k9narc]

Diversified Mortgage Workout Corporation (DMWK)

Be afraid, very afraid.

[k9narc]

This is another good one................

[k9narc]

I'm like a broken record, but I suggest every reader watches this clip again.

If after it, you say to yourself........na, that can't be happening to the pinkie I'm in.



It probably is.

My picture is in the clip at the 3:38 mark.

[$PennyMover]

Its almost done, the 504