Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
People investing BIG in farms. Time to buy a couple Tytans
http://finance.yahoo.com/news/Down-on-the-farm-investors-apf-2437798760.html?x=0
We're not planning on an SEC investigation here. If that's your concern, you're picking the wrong stocks or not comfortable with the risk you are taking.
I also doubt what you're saying in any case. A stock is halted by the exchange not a broker.
ameritrade is inconsistent on their own site - streaming quotes says 31 M but tytn stats shows 6 M - pretty sloppy on their part.
volume from 5.9 M to 31.5 M in last few minutes (at least if Yahoo can be trusted as it's showing 5.9 and ameritrade is showing over 31 million).
Does any one know the conversion rate for the preferred shares? Seems I recall an earlier post stating that 500K preferred is convertible to 400K common shares at $30,000 (.075). Is that accurate or is it an unknown?
At the moment .075 would put the market cap at around 110 million (.075 x 1.45 Billion shares) or so. If that is the conversion rate, then Leonard clearly has high initial expectations.
.075 is currently 30x .0025.
Although not that exact sentence, here is something similar to it:
http://www.ccme.tv/eng/ir/press/p110502.pdf
Gary Lynch is from St Mary's Australia (suburb of Adelaide) and with Weir and Harrod Machinery.
Here is information about all the countries in which Weir and Harrod have sales:
http://www.weirandharrod.com.au/Web20Pages/Company_Markets/reference.htm
I must admit that the disclaimer is disturbing.
To whom do we complain about the NO^CCME ticker symbol? Certainly it should be a violation of the terms of service.
Sun: I tend to agree with your posts. However, it is one thing to talk about losing $2 per share or seeing it back at $20 if you are talking about 1 share. If you're talking 100,000 shares then you're really talking about a possible loss of $200,000. Was that just a hypothetical or are you really betting that amount?
I hope you're right as I still hold shares but no where near 100,000 shares.
Most people like to win the games they play. Do you win more often than you lose and, if so, how?
Completely agree CanZen. Also, thank you for spelling sector correctly.
Dip: Clearly you're a pessimist but you're not a psychic. In your perfect world, perhaps a 100% clean audit is required but in the real world it could be quite different.
Interesting. You have to do a little bit of fishing to find it after clicking on the link (click on "increased positions")
Is it a mistake? BatteryMarch holds just under 10 Billion in assets so 242,000 isn't much for them but it'd be very interesting (and somewhat confusing) if institutions were increasing their positions this month.
wctbills - looking forward to your update. Thanks for checking in.
I'm hoping the pairing of CCME and the sentence on patently false in today's Motley Fool article turns out:
•As formerly red-hot emerging markets cool, you'll likely see more allegations similar to those that stocks such as Yongye International (Nasdaq: YONG ) , China MediaExpress (Nasdaq: CCME ) , and Gulf Resources (Nasdaq: GFRE ) have seen. Many of those allegations will turn out to be patently false, but some may turn out to be true. Unless you're comfortable with your own research, now isn't the time to take a wild flyer on emerging-market stocks.
I respectfully disagree with those who say that hiring DLAPiper along with PWC is meaningless. At this point, what better firms could the company hire?
I understand wanting to check expectations but it's just as delusional to discount positive information as it is to ignore negative stuff.
JMHO
Thank you gotothe sea.
Swampdonkey - it seems like you are intentionally avoiding answering some of the questions posed by other posters> Why?
I like Grant Thornton. Another company based in Hong Kong that I was invested in, alif.ob, until they used a significant portion of their A/Rs to buy equity in a start-up in the Cayman Islands, just had their auditor, KPMG, resign. 3M has 10% of the company and everyone has used that (like longs used CV Starr here) to justify their position.
I believe there are issues with the CEO (Schoenberg) that are of concern but it's interesting that so many Chinese companies with U.S. registration (alif.ob is a Delaware corporation) are having problems.
It seems it would benefit the exchanges to figure out if these are just accounting differences or not. I don't think the exchanges want to lose the support of legitimately-listed companies in what will soon be the largest economy.
I've set up alerts on ameritrade for news releases. Thinking of taking a break from my addiction to these boards - not sure I'll succeed but several posters here have mentioned private PMs or emails. If someone like Andrew or Koufax sends out periodic updates, I'd be happy to give them my email address via PM.
At present, the situation is much better than it was when the first 8Ka was released.
Does anyone know the latest with Larry Isen - the guy from Colorado who suggested this could be the biggest short squeeze in history, or anything about Mike Koza (held 164K shares)?
Sorry for all the rambling. I'm thinking this will be my last post for a while (lucky you valueinvestor and lucky me for not having to read your ongoing defenses of yourself).
I still post on Yahoo on occasion. I understand the concept of a straddle. I sold covered calls before the halt and wish I had kept it that way but decided to go long for various reasons, reasons which may pan out or not.
The issue is that in your post you implied that PDG was wrong in naming you a short then you came back with evidence that you were. You didn't mention that you had calls, now you do and say others here know that. Okay, but your posts seem more like those of a short than a long in any case.
I'm with PDG, I want to win this battle (for the money) and because the vast majority of the shorts' posts are so arrogant and annoying that I would love to see them get burned for their lies. I realize that may or may not happen but today's events moved things in a more positive direction imo.
"Oops, I found some puts"
So Traderfan, you now admit to being a liar. Why should we pay any attention to you anymore.
Yet you give advice to others. Sad.
I don't know from a legal perspective what is best but with the stock halted, the only thing a PR could do is alleviate shareholders' concerns somewhat (not a bad thing) but it could also open a can of worms. Management has been under attack regardless of what they do, so why not play it safe and wait till you have solid evidence of a great company (if that is the case)?
I would love additional inforation from the company but, with the stock halted, it would just give the shorts more time to attempt to tear it apart, misinterpret it, etc.
Today is the best "news" we've had in some time as we know management is handling this differently than RINO did and I have my own theory about why Nasdaq may want to support CCME is they are legit. The current approach to shorting isn't helping Nasdaq or the exchanges and imo is hurting them and their relationship with investors. Just a theory.
Known fact: The company requested an appeal. Your interpretation: no sand in my nose so it's still bad.
Also, PDG did not say you were a short. He questioned whether you might be one. Again, you misrepresent other's posts.
Ok tradefan, just give up your shares. The company filed an appeal and you've apparently bought the shorts' koolaid. Your choice but to say you're not going to read PDG because you disagree with a positive slant on today's news is your issue not his.
Please provide documentation of the lies.
Totally agree although I do believe the perception of the CEO got a bump today with the filing of the appeal, as did CCME.
With all the drama around Chinese RTOs, many of which appear to be legitimate business, but which have been relentlessly attacked by shorts, it would make sense for Nasdaq to want to limit this type of action and could actually use CCME as an example to the short that if you put out lies, we can halt the stock and wait till the truth is clearer. Overly optimistic - maybe - but it's more in tune with reality than what Carson Blockhead came up with.
From my perspective, the CEO is doing exactly what he should be doing (e.g. Keep his mouth shut and request the appeal). If you read the Dec 16, 2010 dividend release, it clearly states that a dividend of 5 to 10% of the profit for the period ending Dec 31, 2010 will be paid. They need to have the numbers (audited) to pay the dividend as it is based on the profit.
Be as pessimistic as you want but so far, no fraud has been proven and it's all speculation by firms whose reports where shoddy at best, and apparently based on doctored documents and lies.
I've posted some on the YMB but it's become a joke over there. My belief is that we will not hear about the compliance plan until Nasdaq either extends the halt (most likely first action) or delists CCME.
Yesterday's 8K was disheartening but may - as some poster here might have suggested - a "get all the negative stuff out there" action. I remain hopeful but...