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Thanks for the information, Joe. I've been thinking long and hard about this since I first read what you posted. It seems to me that the action that the SEC took, which according to this article was passed unanimously and without any resistance, will give the Market Manipulators what they need to consider the issue of having to cover their naked shorts after October 15th, no big deal. The SEC action of removing the restriction to selling short into a falling PPS has created a windfall for the MMs. They’ll make all the money that they want to now.
It seems to me that all they have to do after this takes effect is sell naked shorts against a stock that is in an uncertain phase, to cause the stock to fall. Then continue dumping counterfeit naked shorts into the pool by the truckload as the PPS falls, causing it to continue down. They can do that until it rather quickly hits the very bottom. Then the MMs buy at the bottom to cover their naked shorts as the stock is laying motionless on the ocean floor. So much for the “new requirement” to cover naked shorts, being a benefit toward fair and honest trading. The SEC has created a new form of the same game for the MMs. It must be intentional. When the lights were pointed toward naked shorts, the SEC was forced to put a lid on the naked short issue. But at the same time, they then opened another door that leads to the treasure they had just taken away.
Am I missing something (?) or is that how this will now work?
It seems like a huge conspiracy that the SEC is in on. Are all these rule-makers in bed with the street-level crooks we call MMs and the brokers who try to appear to be banker types ?? Is there no end to the ever-increasing corruption, …this side of the Coming of Christ?? It gets worse by the hour.
There's a tidbit of information that a friend of mine has sent to me and I'd like to share it here:
The squeeze is coming closer. The PPS of some stocks will surly benefit soon.
Monday September 17, 11:49 am ET
WACO, Texas--(BUSINESS WIRE)--Brian Pardo, Chairman of Life Partners Holdings, Inc. (NASDAQ GM: LPHI), parent company of Life Partners, Inc., issued the following open letter to all of its shareholders:
Dear Shareholder:
It has come to our attention that a major stock brokerage firm is directly soliciting shareholders of Life Partners to "lend" their shares to the firm. In return, the firm is offering a small fee for this loan. While completely legal, LPHI management strongly urges all holders of our stock not to lend any shares to anyone and, further, to make it clear to your broker that your shares are not to be loaned out to anyone.
We believe this solicitation to borrow shares arises from the fact that there are as many as 1.5 million shares short in LPHI stock. We also believe that a substantial number of these short sellers have failed to borrow the underlying shares that they have already sold. In order to fulfill the sale, they must borrow or buy shares from current shareholders. Short sellers want the price of the stock to go down. The more the stock price goes down, the more money they make. They can borrow the shares, but only with your permission. If they cannot borrow the shares, they have to buy on the open market.
We think short sellers are getting desperate for shares. If, in fact, some of these people failed to borrow the shares they sold first, then let them bear the consequences.
We appreciate your continued support for management and urge you to contact your broker to make sure your shares cannot be borrowed.
Sincerely, Brian Pardo, Chairman
OT: Monday September 17, 11:49 am ET
WACO, Texas--(BUSINESS WIRE)--Brian Pardo, Chairman of Life Partners Holdings, Inc. (NASDAQ GM: LPHI), parent company of Life Partners, Inc., issued the following open letter to all of its shareholders:
Dear Shareholder:
It has come to our attention that a major stock brokerage firm is directly soliciting shareholders of Life Partners to "lend" their shares to the firm. In return, the firm is offering a small fee for this loan. While completely legal, LPHI management strongly urges all holders of our stock not to lend any shares to anyone and, further, to make it clear to your broker that your shares are not to be loaned out to anyone.
We believe this solicitation to borrow shares arises from the fact that there are as many as 1.5 million shares short in LPHI stock. We also believe that a substantial number of these short sellers have failed to borrow the underlying shares that they have already sold. In order to fulfill the sale, they must borrow or buy shares from current shareholders. Short sellers want the price of the stock to go down. The more the stock price goes down, the more money they make. They can borrow the shares, but only with your permission. If they cannot borrow the shares, they have to buy on the open market.
We think short sellers are getting desperate for shares. If, in fact, some of these people failed to borrow the shares they sold first, then let them bear the consequences.
We appreciate your continued support for management and urge you to contact your broker to make sure your shares cannot be borrowed.
Sincerely, Brian Pardo, Chairman
This information applies to all investors and I'd suggest that some of you copy/paste it to other boards to make this information available for others to consider. The squeeze is coming closer. The PPS of some stocks will surly benefit soon.
Monday September 17, 11:49 am ET
WACO, Texas--(BUSINESS WIRE)--Brian Pardo, Chairman of Life Partners Holdings, Inc. (NASDAQ GM: LPHI), parent company of Life Partners, Inc., issued the following open letter to all of its shareholders:
Dear Shareholder:
It has come to our attention that a major stock brokerage firm is directly soliciting shareholders of Life Partners to "lend" their shares to the firm. In return, the firm is offering a small fee for this loan. While completely legal, LPHI management strongly urges all holders of our stock not to lend any shares to anyone and, further, to make it clear to your broker that your shares are not to be loaned out to anyone.
We believe this solicitation to borrow shares arises from the fact that there are as many as 1.5 million shares short in LPHI stock. We also believe that a substantial number of these short sellers have failed to borrow the underlying shares that they have already sold. In order to fulfill the sale, they must borrow or buy shares from current shareholders. Short sellers want the price of the stock to go down. The more the stock price goes down, the more money they make. They can borrow the shares, but only with your permission. If they cannot borrow the shares, they have to buy on the open market.
We think short sellers are getting desperate for shares. If, in fact, some of these people failed to borrow the shares they sold first, then let them bear the consequences.
We appreciate your continued support for management and urge you to contact your broker to make sure your shares cannot be borrowed.
Sincerely, Brian Pardo, Chairman
Dilution, Shorting, Aliens, Asian Flu, ...whatever. Nothing good is going to happen unless the directors of this vessel decide to make it into something real and properly report that to all. Until then, I'm just checking in from time to time to see if anything has changed. It seems to have gone nearly dormant. That's good. All are waiting.
I do own some other stocks that just might explode in October. I sure hope we get a wild reaction in some venues next month. If we do, we can KNOW that the crooked BassTurds behind the naked shorts are finally feeling a bit of pain. Those guys are some of my least favorite people on the planet, somewhere just below the President of Iran on my list.
That's good news. (!!) And thanks.
I (for one) had taken what you said as though it was probably correct, since you're so careful about such details. Although originally I had understood that ALL of the Pink Sheet victims would get relief on October 15th.
We're now waiting to discover just how much strength is in the enforcement arm of this mandate. If they slap several big names with HUGE (HUGE) fines and throw criminal charges against them, ...our lives have changed and the basic law of supply and demand may get another chance as a market tool.
JP, I like your ideas. I might suggest that the label read "most powerful enhanced Water available."
Pick an NFL team and provide the eWater to them for free to test the acceptance by players. They might prefer the "taste" of the Gatorade or they might prefer the taste of eWater when they're hot and tired. (??)
Which one will give them the best boost?? They'll tell you. There are no athletes anywhere on the planet that burn more energy in a short time than those guys.
Now THAT's what we were looking for months ago.
Come on, Cy, ...put away the calculator on this one and dream .03 out of the gate.
I'm hoping that Wil has something good to tell us along with the timing of the dissolution of Naked Short shares.
I agree. I like water and drink a lot of it, but if you offer me a choice between a bottle of eWater and a bottle of Apple Cranberry ...not even close.
JP, I am impressed with the contents of eWater. Actually I was more nearly shocked by the research data indicating substantial benefits.
My point is that eWater doesn't give me any indication in the name that it's anything more. It is a very GOOD name as far as "name recognition" is concerned. EXCELLENT name.
BUT now, ...how to educate the general public so that they KNOW there is more to this product than mountain spring water??
Ok. Are you just trying to stir up an argument? I would suggest that you don’t have sufficient ammunition.
Water that is pumped from a well or purchased from the municipality does (as you say) "cost" something but it "costs" pennies per hundreds of gallons. That's a far stretch from dollars-per-pint in a fancy bottle on a grocery store shelf. Water is also available from drinking fountains everywhere, …free-flowing.
That is the point that I was making.
The Rush product may be MORE THAN just water, but the general public will never know that when it's sitting there on a shelf among the other bottles of distilled and "spring" WATER and is called simply ... eWater.
How many people read the details of a label on "water?" Not many, I would guess.
There's the problem with that product. Recognition. It is called "Water."
Everybody knows what water is and that it's a virtually free commodity worldwide. It flows from the tap everywhere; it falls from the sky frequently, so why pay more than the value of the plastic container for "water." (??)
The official purpose of the disclaimer is not to create a "I may be lying" statement, but to protect the company from issues that are outside of the boundaries of company control at the time of the statement, such as market changes, product failure, contracts that don't finalize, etc..
Sh_t happens, ...even in legitimate businesses with honest, hard-working people doing all that they can do. A forward-looking statement is optimistic but that doesn't mean that the company gets to outright lie about verifiable facts. A lie is still a lie, while changing conditions create changed outcome without any lies having been told. That's what the protection of the "boiler plate" is for. FlaFlyersFan knows that, but chooses to believe and publish posts indicating that people are making up stories at RushNet. I personally don’t know the facts concerning the revenue/ownership/value of certain mentioned assets, and neither does he. Becoming a entity with full financial reporting would be a good idea.
There are certain advantages to being a reporting corporation and one of them is that non-reporting companies “might not” be covered by the October 15 deadline of Naked Short protection.
You're the one who doesn't seem to recognize the players, ...who they are and what they're about.
...not me.
Creede, I haven't thought to call and don't think that I have a current number. I do have his eMail address but then you probably have that too.
Why do a 100 to 1 split? The only reason would be to jack the PPS up again to a "respectable" level. It's difficult to get financing etc. when the PPS looks feable. If that was the reasoning, it didn't work because the "market influences" (or market influencers) didn't allow it to even OPEN at the price that should have been the legitimate opening value. They killed it again before it even opened.
And therein is a perfect example of exactly what has killed Adrenaline in the past months. The genuine free market didn't do that and Keith didn't do that, ...so there you have it. A current and obvious example.
If they plan to buy back shares like you say, then it would not be in their best interest to continue to dilute after they (or their friends who buy for them) become a major shareholder, ...only before.
Now that's the spirit, Drafty. Look forward to having a little fun with this and perfecting the timing of moves. Something we all need to practice, and at this point, what's it matter if we nail it or miss by a few points on one move or another ?? Nearly all the grief has been spent on this one.
I hope to see ya have a good time and make some money in the coming weeks. It is still possible that we have a legitimate chance to make a profit, but it's a long way back up there, looking toward the surface from 80 feet below.
You have successfully dug up an old post where I gave you nearly the same answer that you got this time concerning this CEO.
I can see that you're quite proud of yourself for some reason, over something that you've said, ...maybe all that you've said. And it seems to me that there's probably no reason to actually provide a thoughtful answer to you.
Apparently a loss of $40k would not allow you to maintain civil behavior?? Please don't bother to answer that question. I was thinking-out-loud. I invest money to make money, but it doesn't always turn out like I hoped.
You said, “Shame on me for holding on …” Well, that was intelligent. Move on. This is a free marketplace where you get to leave and invest elsewhere whenever you choose to. But there seem to be those who love to stay and gripe. A psychologist would be able to interpret this behavior but to me it just doesn’t make sense. (Except in the case of paid bashers, …and ADNN had those.)
I don't need to disrespect a hardworking father, which you probably are. And I don't need to argue.
You’re "sorry?" (I guess you were. You deleted your own post)
Where we differ is apparently in that you believe Keith “took people to the cleaners.” I don’t believe that I lost money due to his plan to take, or his effort to take something from me.
Believe me, I'd love to have the money back or to NOT have invested there but since it happened, it's gone and my best judgement tells me that it was not Keith's desire to take from me as a some suggest. Period.
The nearest would be nearly a two-hour drive each way. We seem to be in the middle of available outlets. Our state seems to carry the product in small stores. I want to see Harris Teeter carrying it. They will "get it" for me but that's not what I want, of course. I want to buy it off their shelf.
Thanks for the list of locations, Tony, but they aren't close enough for normal shopping.
:O)
Creede, Greetings to you in the land of Big Skies and Grand Scenery. I have not attempted to write to Keith for a while. It is my personal opinion (not based upon any inside information) that he will launch something after the dust settles from this current mess. I sincerely hope so. The Lord knows, ...we lost a lot of money in the decline of pps. (about $40k for us) I'd love to see Adrenaline grow into something creative and remarkable. I expect hateful replies to that attitude but that's Ok. If I had made a bundle of money I wouldn’t complain, and to lose it in the attempt, …well I just try to maintain a steady composure in that too.
If something begins to happen, I will be buying into the hope of success, regardless of how some will consider that to be stupid. I have talked to a lot of management types and CEOs in this lifetime, and I personally like Keith. I have enjoyed several meaningful exchanges with him and believe that the decline was not a huge scam by him, as some prefer to believe. I have wished that I could be a fly-on-the-wall and listen to exactly what was going on, …but I didn’t get to do that. If the Lord attempted to warn me about the outcome, I apparently ignored the warning. (more fodder for those who love to mock?)
I’m watching to see what might happen. I won’t write to Keith to ask him things that he isn’t going to answer. I only write when I have something meaningful to say or to contribute. Maybe that’s why he reads my eMail.
That's my opinion today.
JP, that PR seemed as honestly optimistic as it could or should be.
The product is beginning to be "distributed." Repeat orders are what really counts now. At this point that's what will cause this to fly or not. Does the public BUY this product (?) is what we are now waiting for. If the shelves go empty, the stores will call for more. That's where we’re at and that’s how it works at this point.
If there were stores in my town (and there are not) that carried this product, I'd buy it every day and send my family in (each separately) to buy it. I'd spend a hundred or two hundred dollars, and stack it in my garage so that the retailer would quickly place another order. That's just me being enthusiastic and attempting to prime the pump. I’ve done it before when I wanted them to carry something and when they finally did, I wanted to be certain that it didn’t appear to be a mistake, while waiting for the public to notice this new item.
I do hope to persuade one of our local food store chains to order some or these drinks but today they don't carry them.
From the testimony of this board, ...the product is widely liked and appreciated for excellent quality. They also have exceptionally attractive packaging, ...the new sign is terrific, very appealing, ... all in good taste, ... what's missing?? Volume of sales. Exposure to the general public.
Certain markets will buy this and others will not. The certified Yuppies will take to these products like a puppy goes for gravy. But people have to be introduced and they will have to see it more than once. Few will pick it up during their first exposure on a shopping trip.
I’m encouraged and hopeful. A good product always has a good shot at success. I like what I see.
I would expect the Japanese consumer to receive these products well in Japan. Affluent, health-conscious people are the focus.
And wouldn't it be great if we could ship thousands of cases to our own troops overseas.
This is not sooo difficult !! I would guess that there was some excess inventory that didn't go to Mexico.
They couldn't necessarily put that on a shelf in the USA (Except in Los Angeles) but they could probably ship it to a private order without complaints.
Make sense??
Hmmm, ... a sobering thought throughout the Pink Sheets:
"The October 15 implementation of the changes to Reg SHO, as I read them, will not affect DVFA as they cannot be considered a "threshold security" given their non-reporting status."
I hope you're wrong, ...but in this realm, you're probably not. Those thieves will not give up a dime that they're not forced at gunpoint to give back. They'll test every potential loophole.
The problem is that they didn't OWN certified shares of TQWI for you when it came time to convert them.
Your broker is a crook and now they want you to go away and stop causing interference in their day. Honest brokers had the converted shares in a couple of days. Simple.
When dealing in financial matters, theives of every description abound.
No worries, there's more where that came from.
It was indeed an ill-advised investment with strange goings-on at the controls. I think I'll hang onto my shares since I have tens of thousands of them which used to be somewhat valuable Fish Farm stock. And although miss New Mexico makes it sound so easy to make money during this mess, the truth is that she can buy and sell a few shares but not huge amounts. Buying and selling is tough when the volume is low in the up-bounce. She may have made a handsome profit percentage-wise but surly not overall dollar wise. Lunch money.
I still haven't decided what their plan is, and they dooo have a plan. Some will scream “Dilution” as the single-word answer. But to bleed this shell seems stupid unless they want to create a pps so low that they (through a friend) can then buy up most of the float for $100k or so and then begin to release PRs and do what they have wanted to do from the beginning. Only at that point they could actually own the company. (??) I can't think of any other reason to bleed it like they’ve done when the market cap was so much higher a few weeks ago. There would be no other (logical) reason to reduce the value of their company for the tiny amount of money they've taken thus far in selling shares into the float, ...unless there is a plan. ( ?? )
But then there are lots of things that happen, which take me by surprise. The winter storm headed for Southern California today, the continued saga of OJ Simpson, the reports of intelligent life in the Democratic Headquarters, ...
I guess I just don't understand the point of continual gripes and complaints. This is a free market where a person can sellout and leave if they feel that it's as bad as some claim it to be.
Is the psychology of this somehow tied to getting even? Someone has lost a certain amount of money (or simply not made a big gain yet) and a method of getting even is to register complaint after complaint as though they’re taking something back? Is the object to inflict damage (if possible) upon the entity that caused you to lose money, …through negative posting? Or is it to inform others? Is one post about a particular bit of information enough to have provided the facts, …or does it require twelve similar posts when there are still people who just don’t seem to agree?
Why do it? Move on or grow up. There are risks involved in this kind of investing. And there is a difference between presenting facts and information that is essential for the forum members to read about in order to make good investment decisions, …and just grumbling and moaning.
There’s a lot of moaning going on. Why not just sell out here and go elsewhere to buy into something else??
I guess I just don’t get it..
Have you ever put up a booth and done a "trade show?" It's NOT a vacation. It's a lot of work, it costs a lot of money and it takes a lot out of you. But that's where contacts are made throughout your entire industry and business is conducted both on the floor of the show and in the weeks following.
Have you ever personally attended a major trade show? Those vendors wouldn't be there if it wasn't important. Exposure and contacts are what trade shows are about. If that’s your idea of a vacation, you need to get away to the mountains for a while and rest.
You should probably wait for the 4s before "getting in."
Think of how much better you'll feel owning a stock that you bought for .0004 instead of one that's trading at .0002 or .0001.
Just be patient and you'll be able to get in at .0004.
I'd like to repeat a suggestion (idea) that was made on another board concerning the Naked Short issue.
We’re all hoping for a huge improvement in our investment opportunity after the MMs are no longer allowed to create Naked Shorts, which they do not intend to cover. But will October 15th really make a difference at BUNM? We can certainly hope so!! We can hope that the MMs will have to cover all that is not real across the board and that it will increase the PPS due to the float pool containing only genuine shares. But in the event that the October day of reckoning will not really cover all of the past sins, because for whatever reason, the brokers are not willing to cover everything from the past, …then the best option might be for the CEO to do a R/S of 100 to 99 shares sometime after the October 15th date. (Maybe around Thanksgiving Day)
The net result would be that all shares are recalled and reissued. All naked shorts would be wiped off the books in one tactical motion with an effective increase in share value since the naked shares would be eliminated from the pool. An R/S of ugly proportions would produce entirely different results, but something like a 100 to 99 share reverse wouldn’t hurt a bit and would certainly eliminate ALL counterfeit shares in the pool.
MMs will not be so eager to naked short stocks after October 15th and thus, the problem should not reoccur.
You might need to delete yourself here.
:O/
You need a nap.
TOP DOG Congratulations, Matt. You've been the primary barking dog in this pack of hounds through thick and thin.
Matt, I thought that was something NEW that you posted. I clicked through on the link and the article is dated December of 2006. That whinning was long ago.
No recent, open whinning of MMs detected??
Well, as I said, if they let these guys get away with Naked Shorts and the non-covering of same, AFTER October 15th, ...we might as well begin selling junk at a flea market and give up the Pink Sheets, because it will become much worse than it is now, very soon.
No. Wil was looking into it a few months ago and considered ordering a report that would tell him. The cost of the report was a few thousand dollars as I understood it, and I do not know if he did actually follow through on that, ...but he was very concerned about just how big the problem was/is.
A vessel does not handle/perform well when the hull is ¼ full of water.
Asking if this stock is "shorted" (??) is like asking the proverbial question: Does a bear sh-t in the woods?
The situation that this stock has been in for a while is exactly the type of situation that makes those Masters of Deception smile and sell millions of shares to anyone and everyone who will buy them, ...while not bothering to actually have genuine shares to sell. They act like they're "shorting" them but never bother to cover the shorts and when a company is down for a while the BassTurds realize that they NEVER have to cover their shorts down in the land of Pinks, if the PPS is never going to rise again. ...which is a perfect incentive to continue to sell naked shares in the hope that it WILL never be able to rise again, after so many extra (counterfeit) shares have been added to the float pool.
They have been meeting the demand with a virtually unlimited “supply” for so long that the share price could not do anything but go down. (Notwithstanding the company has added their share of contribution to the float) It’s a vicious and wicked cycle of corrupt behavior at the expense of corporate value and investor wealth. Of course the MMs, (the brokers) do get wealthy in the process and love to sell shares that they NOTHING invested in.
Will October 15th make a difference? We can certainly hope so!! We can hope that the MMs will have to cover all that is not real in our accounts. But in the event that the October day of reckoning will not really cover all of the past sins, then the best option would be for a CEO to do a R/S of 100 to 99 shares sometime after the October 15th date.
The net result would be that all shares are recalled and reissued. All naked shorts would be wiped off the books in one tactical motion with an effective increase in share value since the naked shares would be eliminated from the pool. An R/S of ugly proportions would produce entirely different results.
MMs will not be so eager to naked short stocks after October 15th and thus, the problem should not reoccur.
That’s all just my opinion on a quiet Tuesday afternoon.
topanga: I deeply regret not giving greater heed to your initial warning, but what you presented was vague and nothing that you said seemed to be verifiable.
I apologize to you and to all for my ignorance at that time.
The boards are full of stories and formulas presented by those who have a hidden agenda. I only wish that you had been as specific and clear at that time as you are now.
Thanks for the input. We do hope for an opportunity (however slight it might be) to recover from this present hole.
:O/
Baffling. I think about this situation every day and wonder:
A) How it could this have happened?
B) How can it continue to happen?
C) Given the fact that there are no rational answers to A & B, will HMGP ever do what all logic indicates that it must do? I always conclude, “Surly it will, ...but when?”
One can hope that they get rumors from reliable sources, and faster than we do.