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Someone mentioned that he was so close and tasting something, I can't remember who posted that.
This could be all naked shorting going on now, but IMO Gene has a plan that will make the shorts cry. IMO, it's not a question of "if" but "when" "The Big Surprise" will happen.
According to Gene, it may take awhile longer for E-trade, but they will be forced to cover.
Private Investors and hedge funds do want to make money; that is their business. Once they begin hitting the ask, there will be no way of getting into RCCH cheaply. IMO
Gene already said that we don't have to worry if we have TD Ameritradde or another broker equal to or better. The only one that may have a problem was E-trade, and if they didn't have the shares covered at the uplisting, the government would take care of them.
I agree with you TT, and with all the government connections, there would be no way that Pierre Morin's name would be mentioned in a scam PR. I remember a few months ago when Gene said that when it drops down low, there will be a point where the large investors would be buying, and once that starts the flippers would soon be left behind. If these shares are being eaten up by large private investors, it could make a huge move at anytime once they begin hitting the ask. IMO
1 @ .0006 x 1 @ .0008
You can bid 4 places.
1 @ .0006 x 1 @ .0007
9 @ .0005 x 1 @ .001
GM All; LOL
2 @ .001 x 1 @ .0015
With all the volume, RCCH is holding well; someone bought heavy this week. Current bids & asks;
1 @ .0009 x 1 @ .001
2 @ .0008 x 1 @ .0015
GO TT; buy all of them; take us way up while knocking their shorts off.
We need the shorts gone. May the force be with us.
NEWS 'IGPG' - (Ignis Executes Forbearance Agreement with YA Global Investments)
DALLAS, Aug 07, 2008 (BUSINESS WIRE) -- Ignis Petroleum Group, Inc. (OTCBB:
IGPG) announces that on July 18th 2008, Ignis Petroleum Group, Inc. (the
"Company") and YA Global Investments, L.P. ("YA Global") executed a forbearance
agreement. Under the terms of the agreement, Ignis has agreed to pay YA Global
$55,000 monthly for the period of the forbearance agreement. YA Global has
agreed to a restructuring of the debentures. Under the new agreement, the
debentures have a fixed conversion price of $0.03.
Full details of the agreement can be found with Edgar Online in the Company's 8K
filing of 23rd July 2008.
Geoff Evett, President and CEO of Ignis, stated, "We are very pleased with the
new arrangement, which constitutes an important step in the execution of our
ongoing program to restructure the Company's organization and capital structure.
The agreement provides Ignis with valuable time needed to continue with the
aforementioned program and explore new investment opportunities.
"Furthermore, the agreed fixed conversion price provides our shareholders for
the first time with a clear view of the potential overhang related to the
debentures with YA Global. We consider it of paramount importance to clean up
our capital structure in order to expand the Company.
"The dialogue with YA Global is open and constructive and provides us with
confidence in our ability to take the necessary steps towards building
shareholder value and we look forward to providing our shareholders with regular
updates on the progress made both operationally and organizationally.
"Additionally, I am pleased to announce that we have engaged the services of
Schwarz & Lakmaaker Communication, an investor relations firm, who will be
assisting Ignis with its shareholder communications. We are looking
significantly to improve our dialogue with the investment community, this
appointment being the first step."
About Ignis Petroleum
Ignis Petroleum Group, Inc. is a Dallas-based oil and gas production company
focused on exploration, acquisition and development of crude oil and natural gas
reserve in the United States. The Company's management has closely aligned
itself with strategic industry partnerships and is building a diversified energy
portfolio. It focuses on prospects that result from new lease opportunities, new
technology and new information. For further information, visit
www.ignispetro.com.
Safe Harbor for Forward-Looking Statements
This release contains certain "forward-looking statements" as defined by the
Private Securities Litigation Reform Act of 1995, including, without limitation,
expectations, beliefs, plans and objectives regarding the potential transactions
and ventures discussed in this release. Among the important factors that could
cause actual results to differ materially from those indicated by such
forward-looking statements are the risks inherent in oil and gas exploration,
the need to obtain additional financing, the availability of needed personnel
and equipment for the future exploration and development, fluctuations in gas
prices, and general economic conditions.
SOURCE: Ignis Petroleum Group, Inc.
CONTACT: Schwarz & Lakmaaker CommunicationMarc Lakmaaker, +41 7981 68 592(Switzerland)Email: lakmaaker@schwarzfinancial.com
Copyright Business Wire 2008
Look at the time of that last buy of VFIN's; he only had 8500 shares at .0015; then he jumped to .003 and still on bid at .0011.
RCCH(2008/08/06)
Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend
12:03:06 8500 0.0015 + OTCEQ_NBB
10:52:15 250000 0.0013 + OTCEQ_NBB
10:51:06 500000 0.0013 + OTCEQ_NBB
10:49:03 1250000 0.0013 + OTCEQ_NBB
10:29:27 2000000 0.0013 + OTCEQ_NBB
10:29:12 2000000 0.0012 - OTCEQ_NBB
10:19:00 750000 0.0012 - OTCEQ_NBB
10:18:51 750000 0.0014 + OTCEQ_NBB
10:18:03 1420000 0.0012 - OTCEQ_NBB
10:17:57 1250000 0.0012 - OTCEQ_NBB
10:08:06 750000 0.0013 + OTCEQ_NBB
10:07:57 5000 0.0012 - OTCEQ_NBB
10:07:42 750000 0.0014 + OTCEQ_NBB
10:06:51 1250000 0.0014 + OTCEQ_NBB
10:06:27 75000 0.0012 - OTCEQ_NBB
10:06:21 1250000 0.0012 - OTCEQ_NBB
09:59:57 2000000 0.0014 + OTCEQ_NBB
09:59:57 2000000 0.0013 - OTCEQ_NBB
09:52:00 2000000 0.0014 - OTCEQ_NBB
09:45:06 60000 0.0015 + OTCEQ_NBB
09:45:06 24200 0.0012 - OTCEQ_NBB
09:45:06 175800 0.0014 + OTCEQ_NBB
09:45:06 260000 0.001 - OTCEQ_NBB
09:44:18 5000 0.0014 + OTCEQ_NBB
09:44:15 5000 0.001 - OTCEQ_NBB
09:44:12 5000 0.001 - OTCEQ_NBB
09:43:57 5000 0.001 - OTCEQ_NBB
09:43:48 125000 0.0014 + OTCEQ_NBB
09:43:48 125000 0.001 - OTCEQ_NBB
09:43:45 5000 0.001 - OTCEQ_NBB
09:38:06 71000 0.0014 + OTCEQ_NBB
09:30:39 475000 0.0014 + OTCEQ_NBB
09:30:39 475000 0.001 - OTCEQ_NBB
09:30:21 250000 0.0014 + OTCEQ_NBB
09:30:09 250000 0.001 OTCEQ_NBB
VFIN at .0011 x VFIN @ .0015
Thanks G; you're right about that.
I don't believe we ever did show up on that list, but I believe there may be hedgefunds involved here. Not sure how that works, but maybe they have been transferring from one another all the while so one never met the 13 day rule?
With all this volume, the shorts must know something and that is why they are now covering, IMO
Naked shorts selling and buying, IMO
IMO, VFIN is one of the shorts; now he is at .0011 x .0015
IMO, the naked shorts know that they are in big do do, and they are not going to mess around with CPIC involved.
2 @ .001 x .0014
2 @ .0012 x 1 @ .0017
2 @ .001 x 1 @ .0017 VFIN on ask now; they are trying to cover, IMO
It's changing so quickly, but DOMS is now back at .0015.
3 @ .001 x 1 @ .0015
3 @ .001 x 1 @ .002
3 @ .001 x 1 @ .0013
Shorts have to cover before the uplisting or else the government will go after them.
IGPG and "The Carlyle Group" are affiliated to Alexander Kulepz.
http://investing.businessweek.com/businessweek/research/stocks/people/relationship.asp?personId=22475369&capId=12456322&previousCapId=1038327&previousTitle=Provident%20Energy%20Trust
No name change; LOL; I bought IGPG at .004 and .0051 and very long on it.
Institutional Investors with IGPG included in filings
IGPG - Iwamoto Kong Co sec filed 8/04/08
Date Filed Title
08/04/2008 13F-HR for Iwamoto Kong Co Inc
COMPANY NAME(s) - [Iwamoto Kong Co Inc (CIK - 1425165 /SIC - Unspecified)]
http://www.sec.gov/Archives/edgar/data/1425165/000114036108018129/form13f.txt
==============================================================
IGPG - July 22, 2008 Chronim Investments Inc.
07/22/2008 13F-HR/A for Chronim Investments Inc
COMPANY NAME(s) - [Chronim Investments Inc (CIK - 1439745 /SIC - Unspecified)]
http://www.sec.gov/Archives/edgar/data/1439745/000143974508000006/saholdings.txt
13,641,250 shares so far today.
NITE asking .002; AUTO asking 2.
IGPG naked shorts may be covering soon; chart looks ready; news expected this week or next; and Cornell cannot sell into news beginning tomorrow;
From the IGPG Board;
Read the 8-K filed on 07/23/2008. It says in part.....
"July 17, 2008 and ending on January 5, 2009 (the “Forbearance Period”). Under the Forbearance Agreement, the Company agreed to make payments of $55,000 per month of the Forbearance Period to YA Global beginning with the month of August."
August 5th Cornell aka: YA Global will stop diluting.
8-K Report of unscheduled material events or corporate changes.
IGPG on watch this week; chart looks ready; news expected soon; naked shorts may have to cover; and Cornell cannot sell into news beginning tomorrow;
From the IGPG Board;
Read the 8-K filed on 07/23/2008. It says in part.....
"July 17, 2008 and ending on January 5, 2009 (the “Forbearance Period”). Under the Forbearance Agreement, the Company agreed to make payments of $55,000 per month of the Forbearance Period to YA Global beginning with the month of August."
August 5th Cornell aka: YA Global will stop diluting.
8-K Report of unscheduled material events or corporate changes.
I had read in various sites such as World Bank/USAID where much of the risk is guaranteed by them for the Private Investments in the developing world. By the way, there are many documents including Pierre Morin.
Since RCCH's Caribbean Private Investment Corp is incorporated in Barbadoes, I thought this Fantasy Island is a good read;
http://www.cnn.com/ALLPOLITICS/time/1998/11/09/coporate.taxes.html