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OT:I'm headung for the golf course. Establishing my handicap and the weather here in Monterey, CA is beautiful. Sure wish we could get some news so i could afford to play the better courses here about. It costs about $550.00 now to play 18 at Pebble Beach.
SharonB
Short Interest for July 2006 7/14/2006
Short Percent Average Daily Days to
Interest Change Share Volume Cover
1,332 100 1,547,878 1
Short Interest for Aug. 2006 8/15/2006
1,332 0 2,256,321 1
Short Interest for Sep. 2006 9/27/2006
25,489 1.812.84 1,316,189 1
Short Interest for Oct. 2006 10/25/2006
1,332 -94.77 2,648,415 1
Short Interest for Nov. 2006 11/28/2006
149,855 11,150.38 1,505,665 1
Short Interest for Dec. 11/28/2006
22,708 -84.85 2,583,626 1
Short Interest for Jan. 1/25/2006
6,332 -72.16 2,531,253 1
Short Percent Average Daily
Interest Change Share Volume Days to Cover
Short Interest for Feb. 2/28/2007
64,702 922 1,751,716 1
Short Percent Average Daily Days to Cover
Interest Change Share Volume
Short Interest for Mar 3/27/2007 As of 3/15/2007 settlement date
56,576 -12.56 1,658,294 1
It contributes to the fact that the stock market is rigged and the small fry are financing the wealthy. Even Cramer said so in his now well recognized comments. The SEC is not maintaining a fair market place which is in its charter.
Cramer responds: The Least I Owe You
By Jim Cramer
RealMoney.com Columnist
3/22/2007 6:29 AM EDT
You may have seen some articles the past several days attacking me about an interview I gave recently where I discussed the kinds of manipulative trading practices that go on every day in the investing community. Let me say this: No one knows and respects the securities laws more than I do. (I didn't go to Harvard Law School for nothing!)
When I was a hedge fund trader in the 1990s, I played fair, and I did nothing that violated those laws. But others did not play fair, and that's why I started TheStreet.com and have been writing about these abuses for nearly a decade -- to explain to my readers how the markets really work. I wanted to give transparency to the market and tell people the good and the bad.
Some professional traders don't like it when I expose how their game is played, and some of the TheStreet.com's competitors don't like it when people are interested in what I have to say. But I am going to continue to write and talk about how the markets really work -- in my own sometimes hyperbolic and tongue-in-cheek style -- and call them as I see them. That's the least I owe you.
http://www.thestreet.com/_htmlbtb/newsanalysis/general/10345939.html
There is a link to view the interview at the bottom of this article.
SharonB
Today: A reminder that the audio webcast of today's NASAA Symposium: Protecting Investors and the Integrity of Financial Markets will begin at 12:30 p.m. EDT and is available on the NASAA website (www.nasaa.org) or by clicking following link: It will be made available on their web site later this week.
http://www.visualwebcaster.com/nationalpressclub/NASAA/event.html
Forgot: Off to the golf course, no mulligans, I'm establishing a handicap. CUL.
uwlungman: I don't see where anything can be done by the management that they are not doing as we sit here waiting. The fact remains they will not put out a fluff, meaningless, press release to assuage irritated investors.
If you have a valid suggestion, I suggest you call Ken and talk it over with him.
At these prices many here are under water and don’t like it. In golf that is referred to as rub of the green. Some more eloquent than I call it TS or buyers remorse.
What can be done to make you more comfortable with your decision to buy this stock?
In my case I reduced my average cost of purchase by buying on these dips where I can.
That is not a recommended procedure and is often referred to as catching a falling knife.
We shall see. Others have sold and moved on or resigned themselves to being a captured investor.
Good luck and Ken may have some ideas for you.
SharonB
The management as it was explained to me is working through their Investor Relations Department.
Here are the particulars, I suggest you call Ken.
Investor Relations:
E-mail: info@empirerelations.com
empirerelations@aol.com
Headquarters:
Empire Relations Group Inc.
33 South Service Rd., Ste. 122
Jericho, New York 11753
Kenneth Maciora
President, Empire Relations Group, Inc.
.....
When they did their own press reports they were, IMO, poorly written and far to vague.
The intention is to put out press releases once a subject is signed, sealed, and delivered. I for one agree with this policy as my past experience has experienced companies that put out fluff stuff and it didn't work for long. The company has reduced the OS twice and arranged non-dilutive financing.
That hardly looks like a company that doesn't value it's shareholders.
SharonB
KQ: I have reservations about sticking it to Cramer. Nice to have an insight into Hedge Fund operations. Afraid that is shut off now.
Oh well. I did e-mail it to chairmanoffice@sec.gov. Told him something to the effect the Hedge Fund Industry needs oversight and for both on/off-shore operations.
SharonB
ILCO has been on and off the FTD list many times. Was it an orchestrated incident or just a my dog ate the certs, their in the mail, or some such lame excuse for non-delivery.
It wasn't long ago that the SEC wouldn't even admit there was naked short selling.
SharonB
Here is some Cramer news about manipulation.
CRAMER REVEALS A BIT TOO MUCH
By RODDY BOYD
March 20, 2007 -- Flamboyant Wall Street trader turned TV host Jim Cramer, not known for being the shy, retiring type, might have said too much in a video interview he did for a financial Web site.
The host of CNBC's daily program "Mad Money" had hedge fund-trading desks buzzing yesterday after he bragged about manipulating stock prices during his days as a trader.
In the video from TheStreet.com's "Wall Street Confidential" Webcast, Cramer boasts about manipulating the price of a high-flying stock down, and even acknowledges that doing so might have been illegal. The video is making the rounds on YouTube.
"A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It's a fun game," Cramer said in the Webcast, which was moderated by TheStreet.com Executive Editor Aaron Task.
Cramer later said that "no one else in the world would ever admit that, but I don't care."
However, seconds later, he acknowledged, "I'm not going to say that on TV," referring to his show on CNBC.
A remarkably successful money manager when he ran the $450 million Cramer Berkowitz hedge fund, Cramer in the Webcast shared his "tips" on how to drive a stock price down so that a short-position - a bet that a stock price would drop - remains profitable.
He added that the strategy - while illegal - was safe enough because, "the Securities and Exchange Commission never understands this."
A call to Cramer was not returned.
http://www.nypost.com/seven/03202007/business/cramer_reveals_a_bit_too_much_business_roddy_boyd.htm
----
The Sudan Development Program summit
The success of the Sudan Development Program is based around our unique summits, which build on a successful and unrivalled formula to enable corporate delegates to hold face-to-face meetings and engage with ministerial officials and local Sudanese businesses.
The Sudan Development Program will be organising the second Sudan Development Summit. The summit will be an historic event where leading international companies and investors will attend with the primary intention of meeting with government ministries and attending Sudanese private sector companies in order to form partnerships.
The event will form the integral part of the Sudan Development Program, focusing on Sudan's massive potential, which is aided by a strong and growing economy and the country's immense natural resources.
The summit will take place on a number of levels, including key note panel presentations from government officials and senior business figures, one-to-one meetings, industry-specific workshops and an international exhibition. Sectors covered will include infrastructure, irrigation and water, food and agriculture, oil, gas, mining, transport, education, communications, technology and security.
The summit will look to draw on the success of the inaugural Sudan Development Summit, which took place in Dubai on 12-14 February and was responsible for $460 million in contracts signed between Sudanese and international companies, along with a number of ministerial and other trade agreements being concluded.
http://www.sudandevelopmentprogram.org/sp/events/sdps06/sdps06.htm
---
Q. What is the Sudan Development Program?
A. The Sudan Development Program is a joint venture set up under the Development Program umbrella and endorsed by the Government of Sudan to raise the profile of the country as an economic force, highlighting Sudan’s enormous potential as a trade and investment destination and demonstrating that it is now “open for business”.
Top Q. What are the main aims of the Sudan Development Program?
A. The Sudan Development Program’s main aims are to attract foreign investment into Sudan to facilitate the country’s development, to promote bilateral relations, to provide the international business community with direct access to ministers and government officials and to give the Sudanese private sector a direct business channel to the global community.
Top Q. What commercial opportunities within Sudan are you referring to?
A. Sudan is the largest and one of the most diverse countries in Africa, with a mixed economy and plentiful natural resources providing the platform for commercial investment across all industry sectors.
Top Q. When you say natural resources are you referring to oil?
A. Sudan is blessed with abundant natural oil reserves, reserves that could put it into the league of the Gulf States, with a proven two billion barrels of recoverable oil and estimates that go far beyond that. Current production rates are set at around 450,000 barrels per day, with aims to increase productivity to 800,000 barrels per day by 2007.
However, Sudan’s natural resources do not begin and end with oil. Sudan is one of the few remaining countries in the world to possess a huge wealth of undiscovered natural minerals. In a geological study of Sudan, the Arab Mineral Organisation identified 36 natural minerals found in around 245 locations. These included gold, silver, chromite, iron, magnesium, copper, zinc, nickel, lead, tungsten, asbestos, talc, kaolinite, phosphate, quartz, uranium, granite, feldspar and sulphate minerals.
Agriculture also plays a key role in the Sudanese economy. Cotton and gum arabic remain Sudan's major agricultural exports, while grain sorghum (dura) represents the principal food crop and wheat is grown for domestic consumption. Other products include sesame seeds and peanuts, which are cultivated both for export and domestically. Livestock production is also an area of vast potential, with animals such as camels and sheep exported to Egypt, Saudi Arabia and other countries in the Arab region. However, there are still many problems for Sudan's agricultural sector to overcome in order to meet its full potential, the biggest being irrigation and transportation.
Top Q. What other opportunities does Sudan provide?
A. Key infrastructure projects such as improved roads, public services and transport also provide tremendous business opportunities. One of the major impediments to Sudan is its dilapidated transportation infrastructure – with a land mass of over 2.5 million square kilometres and with limited finances, it has struggled to implement the changes required for the necessary development, with the road network mainly concentrated in the north and east of the country, the main highway linking Khartoum with Port Sudan.
Port Sudan is the only seaport of Sudan, handling a large percentage of the country's trade. Founded in 1906 as a modern harbour, it provides the commercial and shipping centre for the wealthy cotton-growing region of the valley of the Nile River, along with many other agriculture products.
Another key sector in Sudan is healthcare, where levels are well below those attained in other Arabic countries. Life expectancy in Sudan is 55 years, while for many of its neighbours it is somewhere between 60 and 70. Sudan has one of the lowest rates of pharmaceutical usage and is vastly inferior to the minimum five dollars per capita set by the World Health Organisation. The industry is in serious need of redevelopment and is dependent on hard currency to enable the import of raw materials, packaging and spare parts. Certain essentials are required to enable it to conform to global specifics.
Sudan has a healthy tourism sector, mainly due to its abundance of natural resources and varied climate. It is one of the richest African countries in terms of wildlife, birds and the natural scenery of the River Nile, all of which provide incentives for investment. Tourism is an important sector both in promoting its rich cultural heritage and in strengthening its ties with the rest of the world.
These are only some of the limitless opportunities offered by Sudan for commercial investment, the country also benefiting from a well-established banking infrastructure, incorporating both state-owned and private sector institutions.
Top Q. What level of financial support has been pledged by international donors?
A. International donors pledged $4.5 billion for the funding of projects in southern Sudan at a donors meeting in Oslo in April 2005. Funds from the meeting have already been put to good use in projects such as the Lokichoggio-Kapoeta-Juba-Road and the planned railway connecting Sudan with the Kenyan port of Mombasa.
Top Q. What is the next step for the Sudan Development Program?
A. Following the success of the inaugural Sudan Development Summit, which took place in Dubai on 12-14 February, a second Sudan Development Summit has been scheduled to take place in Khartoum on 4-6 December. The summit will look to build on the success of the inaugural event, which was responsible for $460 million in contracts signed between Sudanese and international companies, along with a number of ministerial and other trade agreements being concluded.
Top Q. What format will the event follow?
A. The second Sudan Development Summit was a multi-faceted event, providing a comprehensive business experience for corporate delegates. It will be based around conference panel sessions, a private 'Meet The Government' area, inclusive ministerial workshops and a large scale exhibition, which will enable global and local companies the chance to showcase the goods and services to aid Sudan's development.
The conference side of the Sudan Development Program will feature a number of panel sessions on various industries prevalent within Sudan. These topics included Investment, Oil & Gas, Agriculture, Irrigation & Animal Resources, Finance, Industry & Trade, Transport, Security & Logistics. The sessions were very successful, with a strong level of attendance.
The Meet The Government area at the inaugural Sudan Development Summit proved to be the most successful and most well received part of the summit, with a key feature of the SDP being the opportunities provided for international investors and operators to sit down face-to-face with government ministers and officials.
Top Q. Why is the second event taking place in Khartoum, the first one having taken place in Dubai?
A. As a summit location, Dubai provides a venue and level of hospitality that is second to none, being easy to access for delegates and senior officials alone.
However, with Sudan increasingly developing its infrastructure sector and having already played host this year to the African Union and Arab League meetings in January and March respectively, it is felt that holding a summit in Khartoum is imperative to demonstrating just how much Sudan has to offer and giving business delegates first hand experience of conducting business in the country, with the second summit expected to pay host to over 500 delegates, including ministers, high ranking government officials, ambassadors and senior level corporate executives.
Top Q. What of Sudan’s relationship with the US?
A. Positive steps are being taken to improve diplomatic relations, with regular meetings being held between the New Unity Government and senior US government officials, with the likes of Secretary of State Condoleezza Rice and Deputy Secretary of State Robert Zoellick regular visitors to the region, demonstrating the ongoing dialogue between the two countries, following the signing of the Comprehensive Peace Agreement (CPA) in January 2005.
Top Q. What is the background of those behind the Sudan Development Program?
A. The team behind the Sudan Development Program are specialists in long term strategic trade initiatives within emerging global markets. The directors have vast experience in government relations, event and conference management and promoting bilateral relations.
Having forged strong relationships with governments, trade organisations and commercial attaches across the globe, its primary objectives are to promote and facilitate commercial development, generate investment and improve ties between local business and global commerce. The Sudan Development Program will look to accomplish these objectives and provide the ideal platform for bringing Sudan into the 21st century.
Top Q. How is the Sudan Development Program funded?
The Sudan Development Program is wholly funded through corporate sponsorship and delegate fees. All revenues from the Dubai summit will be reinvested into the Sudan Development Program.
http://www.sudandevelopmentprogram.org/sp/news/indepth/qanda004.htm#cat
Poor Papa: Agree entirely. I have shares in MXDY deeply in the hole at this time. Ever since the SEC halted trading
the company ceased operations due to lack of funds. The management was so enept they didn't make any money but lost their potential salaries, they wern't drawing any and the company. They hadn't sold a lot of shares for operations, ie dilution was minimal, had a product with a customer and were in the RFID industry. A response from the SEC is not forthcoming. There is an ongoing investigation by the Postal Department and I have been communicating this the Inspector. The SEC referred this situation to them for investigation.
....
CKYS -- CyberKey Solutions, Inc.
Com ($0.002)
SEC Order of Suspension of Trading (Press Release)
Feb 5, 2007 (Pink Sheets News Service) — February 5, 2007
Order of Suspension of Trading
IN THE MATTER OF : CYBERKEY SOLUTIONS, INC.
File No. 500-1
It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of CyberKey Solutions, Inc. ("CyberKey") because of questions regarding the accuracy of assertions made by CyberKey, and others, in press releases and other public statements to investors, concerning among other things: (1) contracts with the Department of Homeland Security and/or other government agencies, (2) revenues received pursuant to those contracts, and (3) accounts receivable generated by those contracts.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company.
Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the above-listed company is suspended for the period from 9:30 a.m. EST February 5, 2007 through 11:59 p.m. EST, on February 16, 2007.
By the Commission.
Nancy M. Morris Secretary
http://www.sec.gov/litigation/suspensions/2007/34-55237-o.pdf
....
SLJB -- Sulja Bros Building Supplies Ltd.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
SLJB Announces Internal Review of Prior Public Disclosure and Other Matters; Also Discusses Actions by Ontario Securities Commission and Inquiry by U.S. Securities and Exchange Commission
WINDSOR, ON, Jan 10, 2007 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies, Ltd. (Nevada) (PINKSHEETS: SLJB), today announced that, in consultation with outside counsel, it is undertaking a review of various issues relating to the issuance and trading of its common stock, as well as the accuracy of its prior public disclosures. Given the early stage of this review, the Company is unable to provide any further information regarding these matters, but cautions investors not to rely upon the press releases and other public statements previously issued by or on behalf of the Company.
The Ontario Securities Commission (OSC) has commenced an enforcement proceed against the Company, the Company's affiliate Sulja Bros. Building Supplies Ltd. (Ontario), the Company's former Chief Executive Officer Peter Vucicevich, Kore International Management Inc. (a company affiliated with Mr. Vucicevich) and Andrew DeVries (who was formerly associated with the Company). The OSC alleges, among other things, that Messrs. Vucicevich and DeVries engaged in manipulative trading in the Company's stock and that the Company made representations in certain press releases that were not true. A copy of the Statement of Allegations issued by the OSC can be found at http://www.osc.gov.on.ca/Enforcement/Proceedings/SOA/soa_20061227_suljabros.pdf On December 22, 2006, the OSC ordered the cessation of trading in the Company's securities for 15 days and, on January 8, 2007, that order was extended until March 23, 2007 The Company did not oppose the continuation of this order and is cooperating with the OSC, but cannot at this time comment on the substance of the OSC's allegations or on the impact of the OSC's order on the trading of the Company's common stock in the United States.
The U.S. Securities and Exchange Commission (SEC) has also informed the Company that the SEC is conducting an inquiry into the matters that are the subject of the OSC proceeding. The Company is cooperating with the SEC.
For the foreseeable future, the Company does not intend to respond to requests for information from shareholders or other interested parties except to refer them to this press release and any subsequent releases issued by the Company. The Company will provide any updates as to the matters referred to herein through broadly disseminated press releases, but cannot predict when it will make any such updates. Investors should not rely on any statements purporting to be by or on behalf of the Company other than those contained in this release or any future press releases issued by the Company.
Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. When used in this press release, the words: believes, intends, anticipates, expects, predicts and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those expressed in, or implied by, the forward-looking statements based on a number of factors, including, but not limited to, costs, risks and effects of the on-going review by the Company, including the impact on the Company's ability to provide timely information as to the Company's business, operating results and financial condition; costs, risks and effects on the Company's business and the trading of its stock of legal proceedings and investigations, including the enforcement proceeding commenced by the OSC and the inquiry being conducted by the SEC; and the impact of the OSC order that trading in the Company's securities cease. Except as expressly required by the securities laws, the Company undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances, or for any other reason.
SOURCE: Sulja Bros. Building Supplies Ltd.
Copyright 2007 Market Wire, All rights
....
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
February 24, 2005
____________________________________
:
:
Maximum Dynamics, Inc. : ORDER OF SUSPENSION
: OF TRADING
File No. 500-1 :
It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Maximum Dynamics, Inc.
(“Maximum”) because of questions regarding the accuracy of assertions to investors by Maximum in its most recent periodic filing (Form 10-QSB, filed on December 3, 2004),
and a press release dated January 10, 2005, concerning, among other things: 1) the reason why Maximum has experienced delays in fulfilling orders of its Tagnet product offering; and 2) that Maximum has signed an agreement that will enable it to offer its point-of-sale solutions to the prepaid market in Mexico and the United States.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in securities related to the above company.
Therefore, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the above listed company is suspended for the period from 9:30 a.m. EST on February 24, 2005 through 11:59 p.m. EST on March 9,
2005.
By the Commission.
Jonathan G. Katz
Secretary
……………….
Comments from The Executive Corner at the company web site:
CommentQuestion During the CC Eric said he could see where the SEC had reasonable suspicions. What were they. I read the Trading Suspension Order and don\'t see any reason there that couldn\'t quickly be cleared up. For ref. Here is the Order. UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION February 24, 2005 ____________________________________ : : Maximum Dynamics, Inc. : ORDER OF SUSPENSION : OF TRADING File No. 500-1 : It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Maximum Dynamics, Inc. (“Maximum”) because of questions regarding the accuracy of assertions to investors by Maximum in its most recent periodic filing (Form 10-QSB, filed on December 3, 2004), and a press release dated January 10, 2005, concerning, among other things: 1) the reason why Maximum has experienced delays in fulfilling orders of its Tagnet product offering; and 2) that Maximum has signed an agreement that will enable it to offer its point-of-sale solutions to the prepaid market in Mexico and the United States. The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in securities related to the above company. Therefore, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the above listed company is suspended for the period from 9:30 a.m. EST on February 24, 2005 through 11:59 p.m. EST on March 9, 2005. By the Commission. Jonathan G. Katz Secretary
....
The biggest loss, far away, and an object lession why diversity in your portfolio is of paramount importance. I truly believe in this company (MXDY) and got burnt and may never recover. ILCO is my best bet to get back on my feet.
....
This is why I want us to be squeeky clean. PR when it is verifyable and document the financials.
SharonB
Sam: Darn, I need more money.eom
Time and sales: Looks like someone threw in the towel.
Rec. Time Action Price Volume
9:33:56 AM Trade 0.0015 630000
9:31:08 AM Trade 0.0019 10000
9:30:02 AM Trade 0.0019 10000
OT:Thanks Todd, they put it back. Guess they thought about it.
SharonB
ILCO now 20 days on FTD list. Just got an alert from Bloomberg about the the show coming up this evening about NSS.
RB wouldn't let me post this link.
http://bloomberg.tveyes.com/expand.asp?ln=5986474&Key=Naked%20short%20selling&bu=sharonb%40h....
It is a short clip and interesting, at least to me.
SharonB
ILCO on short list 17 days as of last Friday close. Bloomberg to air a show tommarow about it. Info follows as well as my last e-maul to Senator Feinstein.
Dear Senator Feinstein: March 12, 2007
The media started several years ago in their attempts at reporting the trading abuses of trade settlement failures and naked shorting abuses. It was Dateline that first spent hundreds of thousands of dollars and nearly 2 years documenting this market issue but as the air date got close the members of Wall Street and their high priced lobbyists increased the threats against the TV studio. Soon what started as a multi-part series that would be nearly 2-hours of data was reduced to a 15 minute fluff piece moderated by Ron Insana. This was to be Ron’s break out story but instead it became one NBC’s biggest acts or cowardice. NBC electing to ignore their responsibility to the public in order to appease the high powered members of Wall Street that can make or break their business future.
While, it may be nearly 2 years later but Bloomberg TV is about to break the story NBC left on the cutting room floor. On Tuesday March 13, 2007 Bloomberg TV will report on the phantom shares that destroy public confidence in our capital markets and destroy the future potentials of selective public companies.
Bloomberg Television premieres a half-hour Special Report called "Phantom Shares" on Tuesday, March 13, 2007 at 7:00pm, 9:00pm, and 10:00pm ET.
Millions of shares of stock are being sold that may not exist. How? Through an obscure trading strategy known as naked short selling. Bloomberg Television's Special Report hosted by Mike Schneider explains what the strategy is, how it's executed, which companies are targets, and what the SEC is trying to do to control it.
How well will our public markets exist to grow if regulators continue to allow such abuses to exist?
Watch this program carefully and understand what the regulators don’t want you to know. Understand how your investments are being manipulated by a system focused on protecting the wealth of the Wall Street Institutions and the professionals that control the institutions.
Written by Dave Patch----
Staff at Senator Dianne Feinstein office:
I'll slow down a little from now on about this Naked Short Selling in the stock market. There is a show coming on air tomorrow by Bloomberg. I would urge your staff to watch it. Education by our legislature is important to understand how dangerous this is to our system for obtaining financing via the stock market.----
From the Bloomberg web site.
Bloomberg Television premieres a half-hour Special Report called "Phantom Shares" on Tuesday, March 13, 2007 at 7:00pm, 9:00pm, and 10:00pm ET.
Millions of shares of stock are being sold that may not exist. How? Through an obscure trading strategy known as naked short selling. Bloomberg Television's Special Report hosted by Mike Schneider explains what the strategy is, how it's executed, which companies are targets, and what the SEC is trying to do to control it.
http://www.bloomberg.com/tvradio/tv/index.html
----
On 12/29/2005 Richard Hallum wrote your office about this problem. Here is a reference link to a PDF file that could be used to refresh your memory.
http://www.thesanitycheck.com/portals/0/WallofLetters/Letter013.pdf
The situation still exists. There have been no buy-in actions as related to (FTD), Failure to Deliver violations. The Grandfather Clause in RegSHO is an affirmation by the SEC that there is a problem and they haven’t dealt with it as of this moment.
Sincerely,
Sharon B
Mauritanian government adopts draft on democratic opposition
09/03/2007
On Wednesday (March 7th), the Mauritanian government adopted a draft on democratic opposition, PANA reported. The law will be submitted for approval by the Military Council for Justice and Democracy, which wields parliamentary powers during the transition period. According to Communications Minister Sheik Ould Ebb, the new law defines democratic opposition and creates a legal and institutional status for opposition parties and enumerates their rights and obligations, giving them "the avant-garde role of political actors in the country's democratic life".
In the last stage of its democratic transition process, Mauritania is preparing for landmark presidential elections on Sunday. After the election, the military government plans to step down and restore civilian rule in the country. If no candidate wins 50% percent of the votes needed for an absolute majority on Sunday, a run-off will be organised on March 25th.
History:
A country of northwest Africa bordering on the Atlantic Ocean. Southern Mauritania was part of the ancient empire of Ghana, and the northern part was settled by Berbers c. 1000. The area later formed part of the Mali Empire (flourished 14th century) and was visited by European traders after the 15th century. French influence over the region lasted from the early 1800s until independence was achieved in 1960. Nouakchott is the capital and the largest city. Population: 3,080,000
Map.
http://img413.imageshack.us/img413/3769/a4maurit1wg8.jpg
I'm outta here for the day. Going to the store and buying the biggest steak I can find. I tend to do this when I get discouraged. May as well, might be a long while before I can really afford it.
CUL
SharonB
I'm not sure whether it had to be refined. For some reason I thought it was raw and of such a nature it would be processed at the receiving end.
-----
From the PR. TORONTO--(MARKET WIRE)--Jan 16, 2007 -- INNOTELCO, Inc. (Other OTC:ILCO.PK - News) today announced that the initial shipment of sugar from South America to the Middle East is expected to leave the Port of Sao Paulo at the beginning of February. The transaction for 25,000 metric tons of sugar, which was arranged by INNOTELCO, should total approximately $9,000,000. INNOTELCO is expected to earn at least $200,000 for arranging this transaction. Brazil is already the main sugar supplier to the Middle East and Northern African countries.
----
This didn't help trying to figure out why I thought it might be raw sugar. I can only guess that during DD I felt there were many processing facilities in Northern Africa that were processing sugar from many areas of the world. Certain sugar, especially from Brazil have qualities that make processing much easier to get to a particular end goal. When I looked up what was being shipped, generically speaking, the various types of sugar Libya is processing and commodity brokers were interested in I may have jumped to an erroneous conclusion.
SharonB
We wait in anticipation.eom
OT: Thanks folks, I was going goofy coming up with how to answer the situation. They wanted my Telephone number and wouldnt permit the e-mail without the telephone country code and my local PH#. I just added the number from Korea to here in the message if they wanted to call me from Korea.
SharonB
writonwater and MKA. I agree, it is really appreciated to have someone with her knowledge of TA to express her opinions.
I for one tend to favor my preconcieved and biased opinions and read stuff into my analysis and overlook other patterns/meanings. To see another opinion is very welcome in the effort to arrive at a more reasoned decision.
Thank you MaryKayAustin.
SharonB
OT:Hirohito1 or anybody: I need to know my International Country code to send my phone number to a company in Korea. I want to buy some golf balls manufactured by Pose Co. Ltd and am trying to find a USA source or buy direct. They require my telephone Num.
SharonB
As I look at the trading I wonder if this is NSS related and they are piling on. I think Kramer referred to it as torpedoing
a stock. There is no formal communication between the parties, they just recognize the action.
The 5k trades are keeping the price down.
Rec. Time Action Price Volume
12:31:30 PM Trade 0.0028 150000
12:26:26 PM Trade 0.0028 1585000
12:14:58 PM Trade 0.0028 200000
12:06:58 PM Trade 0.0027 900000
12:04:12 PM Trade 0.0027 100000
11:49:38 AM Trade 0.0028 5000
10:52:28 AM Trade 0.003 35000
10:31:46 AM Trade 0.003 10000
10:10:32 AM Trade 0.0028 440000
10:10:08 AM Trade 0.0028 500000
10:09:22 AM Trade 0.0028 500000
10:09:18 AM Trade 0.0028 10000
10:06:06 AM Trade 0.003 200000
9:44:06 AM Trade 0.003 50000
9:44:04 AM Trade 0.003 10000
9:36:02 AM Trade 0.0031 150000
9:35:58 AM Trade 0.0031 150000
9:35:22 AM Trade 0.003 350000
9:35:00 AM Trade 0.003 589000
9:35:00 AM Trade 0.003 350000
9:32:46 AM Trade 0.003 10000
Time and sales 20 min delayed.vol=3,309,000 pps= .0028
Rec. Time Action Price Volume
10:10:32 AM Trade 0.0028 440000
10:10:08 AM Trade 0.0028 500000
10:09:22 AM Trade 0.0028 500000
10:09:18 AM Trade 0.0028 10000
10:06:06 AM Trade 0.003 200000
9:44:06 AM Trade 0.003 50000
9:44:04 AM Trade 0.003 10000
9:36:02 AM Trade 0.0031 150000
9:35:58 AM Trade 0.0031 150000
9:35:22 AM Trade 0.003 350000
9:35:00 AM Trade 0.003 589000
9:35:00 AM Trade 0.003 350000
9:32:46 AM Trade 0.003 10000
SharonB
Sounds like an interesting site. Is it sex oriented, mechanical drawing, or maybe geographical. I have seen it refer to Point of Sale. Anyway, that was fun.
SharonB
Hirohito: As President Reagan said,” there he goes again”. For your education and enlightenment here is the definition of POS. There are two that I am very familiar and POS =price of shares is not one of them.
http://www.netlingo.com/lookup.cfm?term=POS
POS
Parent Over Shoulder -or- Piece Of Sh**
An acronym or text message used in online chat, IM, e-mail, blogs, or newsgroup postings, it is most commonly seen in text messages when a teenager wants to alert the other person that a parent is nearby.
Now read your post. This one! Thank you...I don't expect to pull the POS(not piece of shiite) down. That's not my intention. I win either way unless the company goes bankrupt! LOL!!
Had you posted pps (price per share) instead of POS there wouldn’t have been a misunderstanding.
SharonB
Time and sales w/comment.
Those little 5K trades keep pushing it down. This is mm activity. It is doing one thing and that is upsetting my
opinion about the .0038 support level. We all recognize TA is not an exact science, but it sure helps in analyizing what is happening. There is no news or reason I can find for this lowering of our pps. I believe it may have something to do with the new NMS regulation going into effect today. I'll post something about it later. Looking for a fundamental reason for the decline.
Rec. Time Action Price Volume
2:43:40 PM Trade 0.0031 130000
2:41:58 PM Trade 0.003 740000
2:09:42 PM Trade 0.003 40000
2:09:42 PM Trade 0.003 10000
1:56:40 PM Trade 0.0028 185000
1:50:00 PM Trade 0.0031 250000
1:49:54 PM Trade 0.0031 125000
1:49:50 PM Trade 0.0031 62500
1:49:42 PM Trade 0.0031 62500
1:49:32 PM Trade 0.003 5000
1:49:24 PM Trade 0.003 5000
1:49:16 PM Trade 0.0031 5000
1:46:40 PM Trade 0.0032 5000
1:44:32 PM Trade 0.0033 20000
1:34:12 PM Trade 0.0034 5000
1:34:00 PM Trade 0.0034 35000
1:33:58 PM Trade 0.0034 5000
1:33:56 PM Trade 0.0035 150000
1:33:56 PM Trade 0.0034 150000
1:33:48 PM Trade 0.0035 150000
1:31:18 PM Trade 0.0034 10000
1:31:04 PM Trade 0.0034 985000
1:22:14 PM Trade 0.0035 10000
1:22:06 PM Trade 0.0035 100000
1:22:00 PM Trade 0.0035 100000
12:55:30 PM Trade 0.0036 135850
12:53:04 PM Trade 0.0036 5000
12:53:02 PM Trade 0.0036 25000
12:52:58 PM Trade 0.0036 5000
12:52:56 PM Trade 0.0036 5000
12:52:52 PM Trade 0.0036 25000
12:52:40 PM Trade 0.0036 110000
12:41:18 PM Trade 0.0037 449000
12:17:26 PM Trade 0.0037 20000
12:17:26 PM Trade 0.0036 20000
12:07:28 PM Trade 0.0037 210000
12:07:18 PM Trade 0.0036 40000
12:07:12 PM Trade 0.0036 120000
12:05:28 PM Trade 0.0036 120000
12:03:02 PM Trade 0.0036 315000
12:01:46 PM Trade 0.0036 100000
12:01:40 PM Trade 0.0038 49000
12:01:30 PM Trade 0.0038 250000
12:00:50 PM Trade 0.0038 50000
11:57:42 AM Trade 0.0038 50000
11:53:04 AM Trade 0.0038 250000
11:52:36 AM Trade 0.0038 9775
11:51:18 AM Trade 0.0037 120000
11:47:04 AM Trade 0.0036 50700
11:47:00 AM Trade 0.0036 200000
11:45:28 AM Trade 0.0036 50000
11:44:44 AM Trade 0.0037 50000
11:41:42 AM Trade 0.0037 332500
11:02:28 AM Trade 0.0038 188000
11:02:28 AM Trade 0.0038 188000
11:00:06 AM Trade 0.0038 50000
10:57:44 AM Trade 0.0039 45000
10:57:10 AM Trade 0.0039 87200
10:22:22 AM Trade 0.0039 13000
Hirohito1: Why do you invest in a company you refer to as a POS. That seems strange to me. I'm always proud to invest in a company and I like to talk about it. I would never knowingly put a nickel into a company I would characterize as a piese of shiiit, or something like that. What’s with that?
I personally don’t know whether what you post is in fact truthful. Your actions and comments are sometimes difficult to analyze to a combined result. Why do you knock the company on 2 different boards that I monitor and claim to have a long position. You push credibility beyond my limits.
I talked with PR and it seems you have mistaken what was being said. The price of sugar has been in a decline for about 6 months. I posted this quite awhile back and showed where a WTO decision was impacting the smaller country economies radically and out of proportion to broad based economies. The decline has set up a situation where the commission structure had to be reconfigured to account for the development. It does not mean the deal fell through; it just means the commission will be less than anticipated.
In any business where there are commodities involved and they are directly affecting pricing there will be fluctuations. That is why there are future contracts to help mitigate that situation. Look at the airlines which were devastated by the fuel prices. Southern Airlines had a contract that allowed them to maintain profits without raising fares because fuel was priced into the product.
It is anticipated that a PR will be put out this month regarding the Barley Contract from the Black Sea area to Northern Africa. This seems to be on track.
I certainly did not come away from my conversation with anything that resembles your comments and conclusions.
BTW: I posted this on RB: hirohito70. I just spoke with IR and he confirms that we still looking long term for a nickle. Your posts are misleading and to what purpose one can only guess. I suspect you want too much too soon and are trying to force issues. Patience is the tool here.
SharonB
Hirohito1: Personally I'm glad you posted it. It will clear out some weak shareholders and that is to the good. The short term hit will irritate many. Most of us are familiar with you and your investing style or have friends who are. I won't fault anyone who is forthright and expresses their honest appraisal of a situation.
Many investors are not as well off and can not afford to sell shares to lower the price in order to obtain more shares at the resultant lower price while at the same time maintaining a decent long position. That strategy falls a little shallow, IMO, because I don’t believe message boards have that much power on market factors.
I don’t believe that is your point or position. You discovered something that is plausible, not entirely unexpected, and has little effect on many investors opinions. You shared it with the board and thank you.
I am curious what Ken may have to say about it. The idea that they are holding back information does cause me concern.
SharonB
time and sales: 20 min delayed current 2450961 .0036
Rec. Time Action Price Volume
12:05:28 PM Trade 0.0036 120000
12:03:02 PM Trade 0.0036 315000
12:01:46 PM Trade 0.0036 100000
12:01:40 PM Trade 0.0038 49000
12:01:30 PM Trade 0.0038 250000
12:00:50 PM Trade 0.0038 50000
11:57:42 AM Trade 0.0038 50000
11:53:04 AM Trade 0.0038 250000
11:52:36 AM Trade 0.0038 9775
11:51:18 AM Trade 0.0037 120000
11:47:04 AM Trade 0.0036 50700
11:47:00 AM Trade 0.0036 200000
11:45:28 AM Trade 0.0036 50000
11:44:44 AM Trade 0.0037 50000
11:41:42 AM Trade 0.0037 332500
11:02:28 AM Trade 0.0038 188000
11:02:28 AM Trade 0.0038 188000
11:00:06 AM Trade 0.0038 50000
10:57:44 AM Trade 0.0039 45000
10:57:10 AM Trade 0.0039 87200
10:22:22 AM Trade 0.0039 13000
hirohito: Who is Mr. Strong Island? I think I would remember such a unique name as that.
SharonB
Maybe we can get some new investors here.
Bulgaria's E-Traders Unite in Association
Business: 28 February 2007, Wednesday.
Bulgaria's online traders united themselves in an association on Monday.
They founded the Bulgarian Association for Online Trade (BAOT), which will secure the interests of the development of e-commerce and will enhance society's trust in it.
The founding of the association was triggered by the newly adopted law on consumer protection, part of which states that the deliverer of the goods has no right to ask or receive advance payment.
The law is a precedent in world e-commerce, as it will harm the business, founders of the Association claim....
http://www.novinite.com/category.php?categ=Business&more=1
Will they get a slap on the wrist or meaningful penalties.eom
osignal: I guess we are more than a few weeks, or more, away from a pr. How do I come to this conclusion? It is called the gripe factor. When I get discouraged and fed up with the silence I start to grumble and consider selling some shares. I want to use the money for another stock and at that time I'm well into my gripe factor. I'm not there yet so it looks like some more waiting.
SharonB
Looks like somebody was filled at .042. Probably yours for 120K. 20 min. delayed.
Rec. Time Action Price Volume
10:16:18 AM Trade 0.0042 60000
10:15:58 AM Trade 0.0042 60000
9:32:36 AM Trade 0.004 40000
9:32:20 AM Trade 0.004 165000
http://quotes.freerealtime.com/rt/frt/M?SA=quotes|Time%26Sales&IM=quotes&symbol=ILCO&typ....
SharonB
Current and historical short interest in ILCO.
Short Interest for July 2006 7/14/2006
Short Percent Average Daily Days to
Interest Change Share Volume Cover
1,332 100 1,547,878 1
Short Interest for Aug. 2006 8/15/2006
1,332 0 2,256,321 1
Short Interest for Sep. 2006 9/27/2006
25,489 1.812.84 1,316,189 1
Short Interest for Oct. 2006 10/25/2006
1332 -94.77 2,648,415 1
Short Interest for Nov. 2006 11/28/2006
149,855 11,150.38 1,505,665 1
Short Interest for Dec. 11/28/2006
22,708 -84.85 2,583,626 1
Short Interest for Jan. 1/25/2006
6332 -72.16 2,531,253 1
Short Interest for Feb. 2/28/2007 As of 2/15/2007
Short.......Percent....Average Daily
Interest....Change....Share Volume....Days to cover
64,702 ....922.......1,751,716...........1
SharonB
hirohito1: Good timing. I sent the following email to Ken and the management.
TORONTO--(MARKET WIRE)--Jan 5, 2007 -- INNOTELCO, Inc. (Other OTC:ILCO.PK - News) today announced that the shipment of its first large-scale commodity transaction is close to completion. The seller has been identified as Graintec, a large international force in the commodities world. The shipment of approximately 8,000 metric tons of feed barley is expected to leave an Eastern Europe port in the Black Sea and arrive in North Africa in about 3 weeks. Upon completion of the shipment, INNOTELCO will receive a fee for its role in arranging the transaction. Terms are not being disclosed for competitive reasons at this time.
We agree, fluff is bad. Shouldn't there be a follow up to the above mentioned PR.
Sharon
We all have opinions and here is mine. I personally don't see a draw back to close below .0038. We are in a consolidation phase and building a platform to spring to the next level. These are the steps necessary to a stable long term growth.
To sell now, with the potential news about to break would be a grave mistake. Those who have witnessed how this stock can move higher on little volume should indicate a relatively weak resistance level to most analysts. There is also a very real condition that may play out and that is what is referred to as a wash sale for tax purposes. For instance I can sell stock now and it would still be a long term loss. I can not take the loss if I decide to buy back in before 30 days. That is a risk I don't want to take. I also suspect we will have some news on the sugar and barley contracts within the 30 day period and I do not want to miss out on it's potential price improvement in our stock. There has been no news about oil contracts and that is an item yet to materialize with some sort of impact on our pps.
Time and sales
Time..... Action Price Volume 20 min delayed.
11:00:20 AM Trade 0.004 34500
10:39:34 AM Trade 0.004 10000
10:37:10 AM Trade 0.004 141650
10:23:40 AM Trade 0.004 118350
10:11:18 AM Trade 0.0042 120000
10:04:16 AM Trade 0.0042 209000
10:01:54 AM Trade 0.0042 10000
10:01:44 AM Trade 0.0042 50000
9:59:52 AM Trade 0.0042 75000
9:35:52 AM Trade 0.0046 20000
9:34:50 AM Trade 0.0045 50000
SharonB
This is a very good sign, IMO. In the past they brought it back down on even less volume. As I see it, there are more long term investors coming on board and they are not looking for a 3 bagger. The potential here, again IMO, is multiples of 10.
When I consider what little I know of the business plan, this really looks unusual. The management seems to feel that the investors are important and have evidenced this by REDUCING THE FLOAT. The move into commodities dovetails into the original plan for telecommunication commodities. Whether the move into commodities other than telecom was a decision arrived at by the opportunities they discovered during the earlier stages or not, is immaterial to me. What is important is can they follow through with the PRs presented so far. We should have an answer to the first phase shortly. I believe the risk factor is relatively high because of the part of the world we are operating in. That being said, it appears they have developed associations where the local knowledge and personal contacts may mitigate that concern.
For a gambler/speculator this opportunity should interest you and I urge you to do more than a cursory DD. The company now has a professional Investors Relations representative, who IMO, has been forthright in his opinions and representations. His contact numbers are listed in the iHub box and I urge you to contact him. The business/IR plan is for a slow and grow philosophy backed up by non-fluff prs.
SharonB
According to buyins.net, ILCO now on the short list for past 7 days.
Naked Short List as of 2007-02-21
Report Generated on Thu, 22 Feb 2007 07:21:41 -0800
http://www.buyins.net/tools/short_list.php?ssd=20070221&dys=%3E0&sort=symbol&order=0&....
The OTCBB short list is due out for publication 2/28/07. Unfortunately it is effective only to trades setteled 2/15
http://otcbb.com/asp/OTCE_Short_Interest.asp
I am waiting for the SEC to finally put this Grandfather clause in RegSHO to bed. It might happen and the details will be interesting, especially, to those who are invested in micro-cap stocks and believe there is a large short interest in those grandfathered stock transactions. Perhaps I should say uncompleted stock transactions. If a buy-in is ordered, those old, next to worthless stocks may have considerable value. A short sale is supposed to be closed out to complete the cycle.
SharonB
shehzada:Time and sales: As I see it good riddance. Anybody who doesn’t see the potential value in this stock should definitely get out. I prefer the long and strong shareholders ability to tie up the float as opposed to the traders attempting to make a quick buck on a quick turnaround. I also would agree that we had a nice run-up recently and it is always prudent to take profits somewhere along the line. Those shareholders who do that in this case are aware they may have to pay up to get their full position back, but accept that as the price of doing business in pinkie-land.
20 minute delayed.
Rec. Time Action Price Volume
1:10:00 PM Trade 0.0042 31000
12:34:16 PM Trade 0.004 50000
12:34:10 PM Trade 0.004 50000
12:27:02 PM Trade 0.0041 50000
12:26:54 PM Trade 0.0041 50000
11:32:50 AM Trade 0.0041 35000
11:06:34 AM Trade 0.0041 160000
10:53:36 AM Trade 0.004 240000
10:50:30 AM Trade 0.004 85000
10:50:10 AM Trade 0.004 400000
10:49:46 AM Trade 0.004 10000
10:48:40 AM Trade 0.004 205000
10:48:34 AM Trade 0.004 5000
10:45:12 AM Trade 0.004 100000
10:26:08 AM Trade 0.0043 100000
10:17:06 AM Trade 0.0043 195000
9:32:46 AM Trade 0.0043 143500
9:30:06 AM Trade 0.004 2040
SharonB