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"(The SEC has since charged him for his role in the $11-million pump-and-dump of Rudy Nutrition in 2008. His co-defendants include Notre Dame football player Daniel "Rudy" Ruettiger, who was the subject of the 1993 movie "Rudy." Mr. Ruettiger settled the case when it was filed in December, 2011, agreeing to pay $382,866, without admitting any wrongdoing.)"
Good spread on those numbers. LOL Although not stated in this article that $11 Million was "illicit profits". Also there isn't the number that may have been made from the movie in which "Rudy" played a cameo in.
"...but no one can point to a violation commuted by THRA"
That's not entirely true. All one has to do is look at the financials and see violations. But as to reference to actually pointing to violations that caused the DTC LOCK, the DTCC is not being public about that and only informing their members (Brokers, TA, etc.)
But the fact that DTC and many Brokers LOCKED THRA up, gives overwhelmingly indications that there are in fact violations. The DTCC is not just going in the morning and getting out straws to pull for no reason. A TA isn't kicked to the curb for following all the guidelines. They're kicked to the curb for allowing violations of the companies in which they service.
Just because the DTCC is choosing to only "reason" with their members, is not in any way showing that there are not violations, but just the opposite.
Really have my doubts on that one. The company and insiders greed and the high probability that they have a lot more shares to get rid of will more than likely put mud on the best of Promos, no matter how good they are. But good luck with it.
More than likely with a CRWV Reverse Split like this shell did last time. Went from pennies to low trips and then they Reverse Split it. Problem is, it just caused it to go to zero volume and the shell had to go dark until about August of last year. Then they came out with the big Promo P&D in the pennies and now down 98% or so from that.
I think all one might see now is the little promo's come and go and getting a big Promo like the original P&D is probably not in the works. Might get a fluff PR here or there, but that's about it.
Of course, the R/S might be little harder this time around with all the new DTC actions for these type of scam shells and this shell will just eventually fade away and disappear completely in time. It's doing that faster than it did last time before the RS and Zero volume.
Lost the Ihub connection there for a bit for some reason, but here is another good explanation of some of what the DTCC is involved in.
"DTCC Media Statement on Clearance and Settlement
New York, January 3, 2012 - The Depository Trust & Clearing Corporation (DTCC) today issued the following media statement in response to inquiries, occasioned by a recent article in The New York Times, which mentioned the process of clearing and settling trades in the U.S. securities markets:
About DTCC
DTCC is a holding company for several regulated subsidiaries, including The Depository Trust Company (DTC), Fixed Income Clearing Corporation (FICC) and National Securities Clearing Corporation (NSCC). These subsidiaries provide centralized clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and money market instruments traded in the U.S. capital markets.
DTCC’s core mission is to manage and mitigate risk for issuers and investors and their financial intermediaries. To achieve this mission, DTCC has helped to automate, standardize and streamline processes that are critical to the safety and soundness of the capital markets.
In the normal course of business, DTCC handles member firms’ payments of funds related to two key activities: the settlement of transactions entered into by members on behalf of both their customers and their own accounts, and the deposit of collateral (“margin”) in relation to DTCC’s subsidiaries’ role as the central counterparty for the U.S. securities markets.
Clearance and Settlement
Centralizing the process of clearing and settling transactions through NSCC or FICC is a critical component of today’s highly efficient securities markets. Through these centralized processes, trades are cleared — matching the “buy” and “sell” sides of trades — and settled (the buyer receiving securities and the seller the related payment for the transaction). Similarly, the payments for transactions are processed through a centralized system.
After a transaction is executed, the details are reported to NSCC (for equities, corporate and municipal bonds and money market instruments) or FICC (for government and mortgage-backed securities). The applicable subsidiary becomes the “central counterparty” to the trade, guarantying completion of the transaction if either the buyer or seller is unable to fulfill its part of the contract.
NSCC settles trades through DTC’s centralized book-entry system (FICC settles trades through the Federal Reserve’s National Book Entry System). Selling parties deliver securities to buying parties through DTC against an obligation to pay funds for the transaction. A member’s payment obligations (amounts it owes and amounts it is owed) are accumulated throughout the settlement day, and result in a final payment processed at the end of the day (from the member to DTC or from DTC to the member) equal to the total of these payment obligations.
Counterparties cannot withhold cash or securities from trades, or no settlement occurs. DTC itself is not involved in deciding how payments are processed or who receives what amounts; further, the total of settlement moneys received from members by DTC equals the total settlement payments DTC makes to other members, with none of these moneys retained at DTC. Payments may relate to transactions settled on behalf of a member firm’s customers or transactions for the firm’s own account; this transactional information is not reported to DTC.
Securing the Trade Guaranty
As a central counterparty, NSCC or FICC guarantees a member’s performance on trades reported to the clearing house. To provide underlying security for this guaranty, NSCC and FICC require members to post Clearing Fund deposits (or margin) collateralizing their guaranteed trades.
DTCC constantly reviews and assesses the amount of collateral (cash and/or securities) required to be posted from each firm. As DTCC’s subsidiaries guarantee each trade, the amount of collateral required can vary throughout the day, depending on trading volume, market volatility and a view of the potential risk of a default by a particular member firm.
Clearing Fund deposits and payments relating to transaction settlements are handled through completely separate processes and are not commingled; all deposits and payments are kept separate and distinct. In addition, when a firm sends funds through DTCC to complete its transactions and settle trades, DTCC does not “hold back” any funds for purposes of collateral or margin — all funds are remitted to the parties to whom they are due.
About DTCC
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's depository provides custody and asset servicing for 3.6 million securities issues from the United States and 121 other countries and territories, valued at almost $34 trillion. In 2010, DTCC settled more than $1.66 quadrillion in securities transactions"
http://www.dtcc.com/news/press/releases/2012/media_statement_clearance_settlement.php
Great board! Got it marked. Finally some real DD and facts about what is going on with the DTCC (DTC, NSCC) and what it has to do with all traders and investors. The Global Locks and Chills have become an intricate part of the everyday market, and everyone should be aware of that. Along with the fact that the DTCC and members (Brokers, TA's, etc) actions and effects on trading will just become more prevalent in the future.
I don't know how "strong" of close it will be, most of time CRWV just manipulates the close price, but with not too much strength and not really allowing any average person to work with it. It's almost like clockwork that the close price of CRWV gets labeled or painted for the charts and ones that want to believe in the phony EOD. But I would suggest to anyone that wants to trade CRWV that the bulk of trades and action is more important to watch.
As far as any investment or company fundamentals, well that's just a folly in the complete sense of the word and only heartache and losses in the long run for this scam company.
No it's due to the CRWV MOMO crew. Filled with ones who know how to TRADE it and aren't giving a care to what the company is or any "longs". Definitely not marrying the stock. How far can can the CRWV traders push it before they sell and pull the rug out will have to be seen. But trade the POS when one can and if one can. There is a lot of competition with the more experienced and ones who just bought low and are going to sell it higher in a very short time span. Meaning it will pass and it's been done before on the same boards with this shell from pennies to trip zeros already. It's not going to change the overall trend of CRWV or make it some real company or investment or get it back to what some CRWV "longs" have been holding upside down to.
Remember the Axioms http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30835203
Especially this one.
". The Itchy Trigger-Finger Axiom
Someone always has shares to sell to ruin a run. Read it again: Someone ALWAYS has shares to sell to ruin a run. Make this statement your computer desktop and/or screensaver. Say it to yourself ten times whenever you start your trading day. Paint it on the ceiling above your bed so it's the first thing you see in the morning. Please understand that someone owns a whole lot of whatever stock you're jazzed about at much lower average than you -- and often times they own it for NUTHIN' (i.e. compensated promoters, debtors, relatives of CEO, etc.). Also, if you think that YOU are the ONE that is holding all the shares that could potentially ruin a run...think again. Only God knows where all the shares are or will be coming from...because who knows what kind of shorts will attach themselves to your play and sell you nothing but VAPOR."
http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=crwv
Not sure if this has been passed around here yet, but Mikey has a pretty good video with fees and costs relating to the DTC and illiquid stock issues in the near future.
There always has to be some company spam, bam, thank you person in the circus. BNPD (BNPDD, toxm, turdi, tomi) is no different I guess and has to get their two bits in. Can't believe in any of it and is not going to help. Neither is having that spread they have trying to structure the ask price with. Way up over any worth and over the equivalent of where it was before the RS.
Going to be disaster for anyone foolish enough to fall for it when the "D" comes off.
"One might consider catching the Radio Show that will be on Tues night and have two of the guys that know a lot about this share their information and give good insight to many that might be holding CRWV."
NON-DTCC Stocks and Trade for Trade. Special Airing
Here is an example of the BS. Wells that Gouger already had for years and knew full well that they couldn't pump hardly squat from them and is documented at the RCC that he couldn't and didn't and they were just old stripper wells that are at the end of life of the oil well.
Texas Oil and Minerals (BNPD) Enters Into a Letter of Intent to Purchase a 25% Working Interest in the Highly Productive Damon Field
PR Newswire "Press Releases US - English"
HOUSTON , June 1, 2011 /PRNewswire/ -- Texas Oil and Minerals, Inc. (OTCMARKETS: BNPD) announced today that it has entered into a Letter of Intent to purchase a working interest the South East Texas Salt Dome. Under the terms of the agreement and pursuant to future definitive agreements, Texas Oil and Minerals will acquire a 25% working interest in the Bryan Estate which is part of the Damon Mound Field located in Brazoria County, Texas .
The initial production from the first two wells when they were returned to production last year was 12 barrels of oil per day without cleanouts or treatment. We feel with that removing the paraffin buildup and the cleaning out of the sand screens will increase the production from all four wells to between 20-32 barrels per day.
The Bryan Estate property presently contains 4 wells all of which are expected to be worked-over and cleaned out and brought online over the next 1 to 2 months.
I'm remembering all the touts last week of CRWV was going to bounce and have a great run this week. The over and over again throughout the relative short company existence of touting a change in the overall constant downward slope, yet none of that is happening.
Now I'm not one to believe in or "engrave in stone" any specific timeline or specific dates with a specific pps on this specific day, but my beliefs in the general pps reactions of CRWV and general trend has held to be factual to this point.
Trying to get the exact low or exact high at a particular point in time is a fools game and only for entertainment purposes. But odds of the CRWV game are somewhat predictable and those general predictions have been holding true. One can watch the trading action of CRWV and intelligently get some general odds. That's not that hard to do.
One will always get a little up and down on the chart or a tick or two either way on the open or close, but the majority of the life of this stock CRWV has been red and pointing down. And any amount of real DD on the company and it's fundamentals show quite clearly it isn't what their PR's want the public to believe, that's for sure, and only indicate dubious behavior and horrendous business practices.
Exactly why CRWV got chilled by the DTC. Whether a specific broker will trade it or not, the reasons why DTC put them on the Chill list are not a good sign for the stock and just one more indication of the downhill demise.
If it wasn't so low??? The pps has fallen 98%+ from the Pump and Dump. Oh yeah, it's not trips yet. LOL Lets wait until then and even better, lets have it at zero volume too. Then it's time. That's a great CRWV trading and investing strategy.
But it is just as good as the strategy of believing in a scam mining pinky stock CEO and the most improbable and impossible fluffy PRs and erroneous financials. They are always honest. Riiiiight.
"if CRWV were a P&D, the pps would not be so low now"
Yes, and the little bit of yelling around the boards trying to muster up some CRWV MOMO for that infamous "run" just didn't make it. Just a bunch of pain for anyone that fell for it. Like I said, better be quick and be able to day trade for even a little tiny slice of it. For the most part, many just went without any pie.
Trade data for CRWV 2/14/12
http://ih.advfn.com/p.php?pid=trades&symbol=CRWV
A few minutes left and all CRWV does is put the ask up and leave the bid down. What holes. Don't dare let anyone get anything for the action of just putting an EOD pps. Real jerks. LOL
Come on CRWV. Do that thing you do. Get the bid and ask up at the EOD so that some painting can be done. After such a red day as this one, it's the least the company can do. LOL
I think we should get one of those ducks or monkeys to pick certain paint cans like the football animals. Different colors for $100 or less, $200, etc. and have comical predictions for THRA. That's about all this DTC LOCKED stock has reduced itself too. At least then it would have a little amusement.
Of course would have to have some entertainment for the monkey or duck, due to there are big gaps of no trades at all. About 3 hrs now today. But when the pitiful few hundred dollars get thrown around with THRA (absolutely worthless for trading or investing), there might be something actually worth watching for amusement.
My post was showing documentation of the State of Nevada where Gouger is in default. My comments were including all the lack of required reporting standards and requirements that Gouger chooses to ignore. Was talking about all the documented violations that he has had with the State of Texas in regards to the oil wells. The documented violations Gouger is in default NOW and not taking care of. The utter lack of oil that Gouger and BNPD (BNPDD, toxm, turdi, tomi, etc) has.
The other pinky stock where Gouger is management for (MXXH) where Tejones (Gouger) was paid $200,000 in stock for drilling a well a year ago that never has been done. That stock being in default for years at the state and owing almost $300,000 in back taxes which must be paid for that company to be in legal standing.
I could go on with more, but as far as what you are speaking of, where is the documentation for what your statements are? My statements are all verifiable with documents at the states. Anybody can see them.
Good post! Jammed pack of good facts, explanations, and links discussing the issues with DTCC restrictions that CRWV has put themselves with. A good read for any investor or trader with companies like CRWV.
Non DTCC Explained with Overview
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72069464
The Chill that CRWV has comes with a lot of baggage. Over half of this Chill list go to zero or practically zero volume or liquidity, along with costs for any shareholder as well that are incurred. Many issues that shareholders will have to deal with beyond the normal high risk pinky environment.
One might consider catching the Radio Show that will be on Tues night and have two of the guys that know a lot about this share their information and give good insight to many that might be holding CRWV.
NON-DTCC Stocks and Trade for Trade. Special Airing
Wonder how long it will take Gouger to become legal with the State of Nevada where the shell is registered. If all of his other violations are any indication, one shouldn't hold their breath.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=F935ehzn7CYbsbMPJ4T5xA%253d%253d&nt7=0
"A whole little $11 worth of paint on the end LOL, but overall just another selling day. Mostly red volume at the bid....
61% sell to 39% buy volume........for the most part buyers today are down on anything they held overnight."
Just a matter of record and now history along with all the other red volume days. Even with the $11 paint, it's down over 21% from last Monday close and down almost 57% from two weeks ago. A far cry from the infamous "bounce" that a few believe in. I would suspect that even if there was something that could manage some real showing, that the company and insiders greed would just rain on that parade.
Final trade data for CRWV 2/13/12
http://ih.advfn.com/p.php?pid=trades&symbol=CRWV
The agreement also gives Southridge Partners permission to raise money for ECDC through dilution. Southridge Partners will get to purchase ECDC shares at a discount (92% of the the average of the two lowest closing price over the previous 5 trading days). Southridge Partners will then be allowed to immediately sell those shares into the market to make their money back plus a modest profit.
Very possible. Still within and part of the pinky arena though. Just hiding over there where the SEC or other authorities won't get at them (at least that's their plan). There is no SEC equivalent over there (key word equal). The whole market over there is helping more than hindering criminal activity in specifically the dirty pink market.
An interesting article with the subject on Scion's board where the US was actually put on the same pedestal as Germany.
The majority of criminal securities transactions involving Canadian-based companies and criminals take place on loosely regulated exchanges in the United States and Germany.
"Except that this property has been explored at depth by a legitimate company in the past and they found......
Nothing.
And, the statements and claims they made in the 2011 news releases are preposterous if not impossible. It was as if a person who knows little to nothing about actual exploration and mining wrote them with a bunch of hot buzzwords hoping naive investors would buy it. I guess it worked. For awhile.
When I get some time I will recap all the DD on the "exploration and mining" side, on top of the clearly bogus financial statements."
I believe it would be appreciated since the gambit has run around again to the "gold" thing again and trying to show any real fundamentals with this company just isn't there.
Their lack of proper reports (geological or financial) are quite telling and some real DD to be recapped would definitely be quite informative.
A whole little $11 worth of paint on the end LOL, but overall just another selling day. Mostly red volume at the bid. Got a few hundred thousand shares at the top catching some little sucker fish but that was pretty much it for the big "run".
61% sell to 39% buy volume
http://ih.advfn.com/p.php?pid=trades&symbol=CRWV
Looked like quite a bit wash trading trying to make it look like some action for the company to sell some more and for the most part buyers today are down on anything they held overnight.
Actually, the "not to shabby" trading strategy didn't really work out today. Oh but wait, "it's not trips yet" so I guess it's about as good as that CRWV strategy. Let's all the CRWV traders and investors wait for CRWV to be zero volume or low trips before seeing what a scam this company really is and where they can loose even more. Then it will really be a "shabby" trade strategy.
Silliness is a very mild way of putting it to say the least. Complete joke. I think it would be real lucky to get 30-40 minutes of digging there. LOL.
Well I guess you have the people that are over there that don't have the US market accessible to them. Of course the pump junkies try to make it sound like it's something great over here. Companies that have a history of giving out toxic debt shares or have more convertible debt coming up can find it easier over there. (IE: AQLV).
With the US authorities, DTCC, and brokers cracking down a bit over here, it seems that it's becoming more feasible to list over there also. For example Pump and Dump Groups and others like them will give that as one of their services and even pushes the idea.
There seems to be several pushes in the pinky arena to get over to Germany. Closer to those exchanges I guess. Over there the lack of oversight and great abilities to hide share selling by the companies and insiders are quite undesirable for shareholders. We know the US pinky world is bad, but it's a church Choir compared to over there in that foreign market. And it doesn't matter whether it's Berlin, Frankfurt, or others.
Pesky little fly, brought its own pile with it. Not much life span though and even less with a good fly swatter. LOL
I fully suspect and basically certain that THRA and these companies like THRA know full well before the public actually knows of DTCC restricted services and LOCKS. See it all the time with pumps and PR's, little runs, and then complete and large dumping, etc. with these stocks that get nailed by the DTCC.
I think anyone can believe that companies know before the storm and take advantage of the ones who don't. How much ahead of time might be a better question, but certainly some point before the official public notices comes out.
Some of the actions by the company are similar to right before they do a increase A/S or R/S. Try to get something out there to increase volume and wham, the unsuspecting shareholders are just nailed. "Fishy" is one of the more kinder words for it.
That's the thing with these scam shells. Goes on and on. From soft drinks to oil, from oil to medicine and back to minerals. Then they start making green light bulbs from all of it. Whatever the flavor of the month is, that's what business these lousy shells like THRA "say" they are in. But it's all about how many shares that THRA can unload to the unsuspecting public.
At least the LOCKED status hinders THRA from a lot of it and keeps them from scamming a lot of would be believers. The odds of THRA investors getting even a portion of their money back are overwhelmingly against them.
Absolutely zero income, capitol, or operations with MXXH. No financials for about 5 years (audited or otherwise). No legal standing with the state in which MXXH is registered (Delaware) and in state violation and almost a third of a Million dollars owed in back taxes. No operations or well drilling, nothing but paid $200,000 in shares to Tom Gouger and Tejones with nothing in return. No real volume or liquidity with the stock. No "process to become fully reporting" (sadly, that's a joke and one of the most used phony lines in the pinks).
Just nothing, and that nothing is just basis to more nothing and lack of any reason to invest in or even trade at this point.
Any "new" ticker symbol, name change, or reorganization will still have to be cleared through the proper authorities. All the problems with THRA, share structure, etc will just come along with the shell.
Now grant you, owners of these scam shells do go on and create new shells and companies, but that still won't have anything to help the shareholders of this symbol or shell, only the insiders and shell owners of the new scam.
One might get some phony news of "ticker change", but that scam has been done over and over around the pinks and it hasn't helped shareholders with any of it over time. But with THRA, there is big problems in the financials, share structure, and all the rest that has got them LOCKED.
THRA isn't going to get approval with all those problems, so the "name change"/"ticker change" idea is just BS. No "shiny", just a whole bunch of "shiners" (black eyes).
With stocks like CRWV, it's like throwing more good money away with the bad. Many shareholders should have just cut their losses long ago rather than waiting for the destruction that has happened with CRWV. Harder said than done for sure, but it is better investing or trading habits (knowing when to fold them and taking ones winners and dumping the losers). CRWV has been one big loser, that's for sure.
But no stock goes in a complete line whether it's goes up or mostly down such as CRWV has. Day trading this stock might be the only real way to go, that's if the insiders lay off and there is proper liquidity. The way the company and insiders are dumping this thing, it puts too much strain with the competition and everyone else. Just hinders the every day trader or investor in trying to get a little cut of the pie.
A couple of hundred bucks with a bunch of trades that won't even end up clearing is not anything to jump up and down about. Two million shares traded at low trips is practically nothing when the stock isn't LOCKED, but with all the problems of clearing, fees, and lack of liquidity with a DTC LOCKED THRA, 2 Million shares showing up on technical glitches or attempted manipulation of the system to get a few shares showing is squat and definitely nothing to mess with or even touch with a ten foot pole.
Not the phone thing again. This joker is just looking like a fool, but the sad part is the his constant abuse of the legal system costs us taxpayers money. Not only that, it bogs down the court system with just frivolous actions and limits the courts in other respects that do have a valid reasons for being there. Like our tax dollars don't get abused enough, this idiot has to amplify the problem.
Actually I gotcha. Glad I could explain the simple connections to CRWV and point them out. Seemed like there were some misconceptions and confusion about DOLLAR VOLUME and the drastic decrease in interest that has been going on with CRWV. Your welcome, glad I could help one out there.
In this pinky market that CRWV is in and the fact that now they are restricted by the DTC, the reality that a "bounce" is definitely not assured. And even if or when it does bounce a little, it may not be very much or for very long and as I've stated before, investors or traders might have to be very quick. But good luck.
My statements have been about longer term views and not tick by tick. Along with watching, investigating, and doing real DD on CRWV since they arrived. Why I have included 6, 5, and 4 month charts and was using the last week or two for short term designation instead of looking at just a tick "green for the day" as the statement that I replied to did.