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Ok, probably the real story of the PPS.
First, the slide will probably stop when Firewoman, sorry, Iceman, stops selling his 1M shares.
I bet you a dollar the reason behind all this OB bs is that he wanted some buyers and people to hold when his restriction was lifted in Jan. Go get your yiddish piano's out, and calculate how much stock has hit the market. When 1.3M is out, the price might start to bounce some. (300K for the punk on Yahoo pump board) Believe me, there is no quiet period, no 6 months max time, none of all the other BS that has been posted here about why the OB listing is taking so long. It flat out doesn't take that long. If the CEO is worth a shit, he can get it done max, 2 weeks. And that is with comments from the NASD.
So, Why are we not on the OB? Probably a compliance issue with the CEO writing paper. I think Hawaii mentioned it, and he is probably close. Pink sheets = paper mill. Flat out.
Klamcrook is a real POS. Doesn't give one shit about the shareholders or valuation of the stock for the shareholders. Want proof?
What kind of CEO gives away stock? Ask yourself, what quicker way can a CEO devalue the PPS of the stock of the company he directs than to give away stock?
Serious, ask yourself that question. If he would have sold it to Firewoman, I mean Iceman, for say a penny a share, he would not have diluted that stock as bad as just giving it away. And Krumlkcrook gave it, GAVE it to pumpers.
Want to know another stupid POS in all this, who is touted as an expert? Firewoman, damit, I mean Iceman. If I was him, and 1M shares landed on my lap last year in Feb, (or whenever it was), I would have contacted a firm ( or course he has many friends in the business) and wrote a letter of intent of 1m shares at the peak pump back in March 2006, due at 144 lift. Or.............
If I had a million shares of stock of a pump company like GRSR, and I wanted to dump it, I would not bleed it into the open market on my own. I would get in touch with a firm, (she, I mean he is so connected in the Market place) and have a specialist work the stock, and give him a cut.
I got burned here, because I couldn't have imagined the incompetence that is so rampent in every aspect of what this company, the directors, the promoters, the whole nine yards has done.
Watch the tape, some POS firm is making $20 tickets selling 1000k blocks. Your talking about a lack of talent everywhere.
Is there nobody left alive that knows how to create liquidity in a market, do a distribution, and keep the stock strong at the same time?
Amazing.
Truely amazing.
Chart looks like we are about to reverse downtrend.
Maybe tomorrow we start a reversal.
I belive the firm filling the 211 is Spartan.
50 Crossing the 100. Just another nice looking technical for chart traders.
A lot of new MMer's showed up on the left side of the book this morning.
Thing of beauty.
Nothingcreed
We are here, and watching with you. One of the best things about this stock at this level is the fact that there aren't a bunch of idiots pumping.
Once the green light comes from the NASD on the OTC.BB listing, then we will have some more liquidity.
Green,
Janice is OK. She's pretty sharp. She won't rebuff something if you have the facts.
The way with her is to not speculate. Give the facts and nobody can argue.
Last one for Janice
10Q after the buyout with $2.3 billion short mysteriously gone.
http://www.sec.gov/Archives/edgar/data/1060749/000119312504187920/d10q.htm
Janice
Some DD on NITE
The link to the Citi buyout
http://www.marketwatch.com/News/Story/Story.aspx?guid={4EDD001A-38D0-4276-B7F6-A9ED6494D2F2}&pri...
10q reflecting NITE $2.5 billion sold short (on page 4 under liabilities)
http://www.sec.gov/Archives/edgar/data/1060749/000119312504132718/d10q.htm
Naked shorting reflected in financials
J, Some time ago (about 3 years) NITE sold their derivitives group to Citi (NITE's most lucrative division). If you look at Knight's fillings, you will see they had something crazy like 2 trillion shares sold and not bought back open under one of their columns.
After the Citi buyout, that went away mysteriously.
So, yes, it does happen. Just not as often as people would like.
We know one thing for sure now
We got screwed with dilution. What a POS ceo.
Maybe GOOG's overseas revenue growth will help out a little over here.
AAGH looks pretty good. If, IF, the earnings report coming up does show growth, then this thing could really go.
Strange
E-Trade would not let me place an online order just now. And they are the ones sitting on the ask.
Had to call them. I have seen this happen one other time, it was to the advantage of the longs.
Money
I think you are out of line deleting chekos post. He has a an opinion, and we should be entitled to that.
I completely agree that the CEO made a huge mistake by increasing the A/S with plenty of room left for more distributions.
Anyway you look at it, we (shareholders) have an Axe sitting above our head because of the possibility of a huge dillution.
Notice I didn't say that the company has done a dilution yet, bet they definately can now.
And if I was a shorter, I would sell as much stock as I had account for on this now because of the A/S increase, becuase I know I can always go to a small startup company, and offer them a check for a million dollars and come out with a Cert for 50 million shares at .001.
Bottom line, the CEO screwed up with the A/S increase.
Thanx again rjc
Next earnings is going to tell the tale. I agree with you about the company trying to become real by the continued corrections with their fillings and not pumping PR's.
I don't think it is comment letters from the SEC driving this either, probaly a new accountant or law firm.
Nice Job rjc......EOM
The lack of Pumping PR's
The lack of pumping PR's says wonders for this company. Believe me, if they were doing this, I would have little confidence in the legitimacy of the company.
Be a little patient. If we start a gentle rise with no news, then you can be assured this thing is legit.
Still waters run deep.
Wonder why VA ?
It's called writng a shitload of paper. It's called not telling the truth.
How can the company put out a pr saying the o/s is 365m, and then write more paper before that divi was ever issued?
What if people bought the stock because they thought the os 365m, and they were going to get a .00575 divi, and now they have an O/S 100m higher, no divi, no info from the company, nothing, nada, squat, zilch, zero, nunca.
I think someone like this CEO should take a trip to jail for a while. Shit man, in the US, your in alot more hot water if you didn't come to a full stop at a stop sign, after you had a few beers at the local bar and a cops stops you. But in the US, you can lie to people, steel their money, and walk away clean in the stock market.
what a joke
Thanx for the link Rodney
Actually, after I read your post, I went over to pink sheets to take a look, and sure enough, the info was right there.
Company waking up ????
Where did you get the O/S number from ?
According to the company, the last OS was around 365 million if you do the math for the divi.
Janice, if thats the gas, then the balloon has already popped, and that run to 11 was a distribution.
Some people are going to really be pissed if the law firm came in just to do a PIPE, sounds a little over the top to me to get that kind of a law firm to do it for a non-reporting co. though, and I know that must be going through your head also. I just got finished tradin a stock that had a 500% rally, and It looked like a distribution when I walked, and sure enough, it was a PIPE, Now this company has revenues, has been reporting since 1987, and you know who they are. So this again leads me to ask the question, why go get Roger, why not get somebody a little less expensive. Maybe the firm got sent over to CMKX by Emerson Koch??? Now there's big money. Funny, he used to keep his horses at the same equistrian farm as me in Wichita KS.
You see the building he built up on the North side of town? WOW.
Janice
It could be to round up some more Bubba Liquidity. It's kind of an intresting situation to say the least you have to admit. I bought a cheap seat ticket, and am going to have an good time watching.
I sure would feel a whole lot better about my lotto ticket if Melvin wasn't in charge of investor relations. Jesus, it just doesn't get any worse.
You never did come back on what you think the law firm is doing, its the only reason why I got a ticket. (well, not really, I just think if this is a pump and dump, that with the liquidity we are seeing, there is alot more pump left before somebody pops the balloon)
You know something Janice
I have been reading just about all the post here, and don't find anything worth reading at all. The warning I got about you being the worst `Basher` is kind of rediculous, I just read all your post over the last week, and you seem pretty level headed, very little substance in your post, but level headed.
I am a technical trader period. Don't care what the company does, how much it makes, what it makes, scam, shell, no difference to me. All I watch is the MMer's trading. Monday I told everybody the stock was getting its ass shorted at 11. Yesterday I told everybody the the huge gap down is not indicative with a distribution, but was a shakeout (ie cover), and that there would be weakness in the morning today. Today we had more accumulation (covering, whatever the F!@#$ck you want to call it), I pointed out the matched orders and washed sales to keep the split at 5-6 all day, The strong volume that came in the last hour was not retail, and that I thought that the most damage to the small investor would be a gap open tomorrow, and if he (specialist) got enough sellers, the gap open would happen again until joe blow started jumping in.
So there is a little technical info from an experienced specialist. And a specialist is not a MMer, and a specialist is not a floor trader on the NYSE, or the AMEX. If you want to know what the true definition of a specialist is, read Jessie Livermores book.
This stock is going higer, and the specialist has a environment to substantiate a large move. He has liquidity, company product sparkle, media (Dateline is about to release a huge documentery on Stockgate, ie naked shorting), this is probably one of the easiest putting up of the price of a stock any specialist could have undertaken. The markets in general are about to even start a mini Bull run. He has it made.
Take it for what its worth, going back to my board, and my board is not RB.
PS, If you think I`m full of crap, go over to the raging bull board, and follow my post for the last 5 trading days.
Nuff Said
Doesn't look like retail coming in as buyers right now, where on earth are all the shares coming from?
Janice Shell
I am new here, so I can only post 3 per day for a while, so please forgive me if this is a bit more inclusive than most of the post on this board.
What do you think of the Law firm situation? (only thing keeping me from thinking it is a complete shell, no pun of course)
Do you know anything about this Sterling Guy?