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Welcome back NYBOB
So does this mean that we are heading up soon?
WRNW chart looks like UCOI. Surprise, Surprise
The wizard was busy on that one today and left UCOI to the peon Ronning.
Sounds like JBrowning.
Might have to buy shares on that one too.
Derb are you causing shzit here too?
I find it funny that this chart look like Unico.
This one must be giving you trouble, I see you left your sidekick Ronning at the helm over at UCOI.
I posted a little challenge for you.
I see this one is going to squeeze you too.
Derb must of had the day off and good ol aggressive seller Ronning was at the helm today.
Ronning I will send you $10 dollars Cnd if you can push it down to 0.0029.
Who got the minerals rights across the street.
051
This is a wait and see play. (However I am already in)
If they do get the separator unit. The Russians will make income off an environmental mess. That is like killing two birds with one stone.
The separator unit will decrease hydrocarbon content in these sludge pits.
This could be seen as an environmental income play.
Nice
Keep hitting it Derb
Derb
Why don't you hit the bid if more shares are coming to market?
NEW MYTH EXPOSED:
The Crackdown on Stock-Loan Schemes
A criminal probe by the feds may reveal some of the mysteries of short sellers
by Matthew Goldstein
It may not have the cachet of mergers and acquisitions or leveraged buyouts, but the little-known business of securities lending is one of Wall Street's most lucrative. Investment banks rake in roughly $10 billion a year on the fees they collect for lending stocks and bonds to so-called short sellers—intensely secretive hedge funds and other professional traders who bet on falling prices.
Now a long-running criminal investigation may reveal some of what actually goes on among the traders, Wall Street investment firms, and independent intermediaries who help make the mysterious deals happen. BusinessWeek has learned that federal prosecutors in Brooklyn, N.Y., may be close to charging a number of current and former employees of several Wall Street firms with taking part in a complex kickback scheme that may have collectively cost the financial houses and short sellers millions of dollars in higher and unnecessary fees. Already, at least three people have taken pleas in exchange for cooperating with prosecutors, according to some people close to the nearly 18-month-long probe. Drawing the most scrutiny from investigators are current and former employees at the stock loan desks of Bear Stearns (BSC) and Morgan Stanley (MS), say sources close to the investigation. Former and current employees of Goldman Sachs (GS), Janney Montgomery Scott, Merrill Lynch (MER), and Nomura Securities are also being investigated. Officials at all of the financial firms and a spokesman for Roslynn Mauskopf, U.S. Attorney for the Eastern District of New York, declined to comment.
Sources say authorities from the U.S. Attorney's office are looking into allegations that some employees on the stock loan desks received kickbacks or other improper cash payments from so-called stock-loan finders, independent middlemen who sometimes track down shares for Wall Street firms to lend to investors. It is anticipated that the prosecutors will likely claim that some employees on the stock loan desk unnecessarily referred work to the finders, who did little to justify their fees and only added to the cost of arranging a stock loan.
A Word of Warning
In a classic short sale, a trader borrows shares from an investment firm and sells them. If the stock falls as expected, the short seller can pay back the loan and make a profit by repurchasing the shares at a lower price. When the investment firms don't have enough shares on hand in their inventory, they sometimes seek out independent finders, who work the phones, calling friends, relatives, and buddies at other stock loan desks to make up the difference. This chummy relationship between finders and stock loan employees, say people familiar with the investigation, is what first piqued the interest of prosecutors, who may worry that the finders aren't providing a legitimate service.
This isn't the first time that the business has come under fire. Two years ago the New York Stock Exchange (NYX) issued an advisory opinion, cautioning Wall Street firms about continuing to do business with finders, saying: "We have seen only limited instances where a finder is actually providing services that an effective [in-house] stock loan department could not provide." The NYSE then began cracking down on abuses, fining two firms with paying "unjustified" and "sham" finders' fees to arrange stock loans. But regulators at the NYSE, along with the Securities & Exchange Commission, put much of their investigation on hold as the criminal inquiry into the alleged kickback scheme began heating up.
Michael Bachner, a New York criminal defense attorney who represents two individuals involved in the current investigation, says he's still hoping prosecutors will determine that what they've found amounts to nothing more than regulatory infractions. John Tabacco Jr., chief executive officer of Locatestock.com, a company whose software program helps brokers and hedge funds track down shares of hard-to-borrow stocks that traders are interested in shorting, says that until recently securities lending was "loosely regulated." He says he fears prosecutors "are going too far in pursuit of criminal charges."
Matthew Goldstein is an associate editor at BusinessWeek, covering hedge funds and finance.
After listening to the webcast I realized I was wrong on my prior prediction. This is their third oil prospect.
Frank is smarter than I thought.
"WD has a world-renowned geologist heading up operations, and frequently outsources a team of highly respected geologists. WD is currently undergoing a 43-101 compliancy through SRK to further verify its positive results."
43-101 is a requirement for listing a stock in Canada.
Now go listen to the webcast again.
What is with the bashers? The time to bash this stock was between the Ethanol Divy and Frank Love. WHO IS GOING TO MARKET SELL NOW?
This company may never see success, but Frank is sure going to put on a show for us.
Tips for doing business in Russia
1. Always have a 40 Whadka in the freezer accompied by US money. You never know what moron with show up demanding payment.
Apply vodka before payment.
2. Pack RUBBER boots.
Derb
I have a few questions for you.
1. Does the ECNs provide rebates for OTC traded stocks like the Nasdaq? When I trade DROOY on the Nasdaq using the TRAC ECN it pays rebates for providing liquidity to the market. It also charges you if you remove liquidity.
2. I was wondering if you have any background info on Outboard Investments?
3. Have you made a trip out to Utah lately?
4. I am going out on a limb on this but I an assuming you are the "axe" MM on this stock judging by your knowledge, DD, and confidence on you posts. What factors are going to make you go long for profits?
You know as well as I do that UCOI will not stay at these low trading levels for long.
Unico
When I travelled on-site they only had one generator. (From what I saw)
I would really F***in hate to try operate this project with a generator. The project manager is approaching this project with the right attitude. With a consistant reliable power source, he is ensuring the saftey of our the equipment while being able to find optimum operating conditions that satisfies him. We paid a lot of money for this equipment through death spiral fiancing.......let's do it right.
Yes I said death spiral fincancing........big deal it is just a phase.
Too all that bought and sold at a lower price...........THANKS FOR HELPING OUT THE CAUSE.
Rant and Rave Section
1. There is a whole generation of traders out there who do not understand the gold bull, the fundamentals behind it, and most importantly the emotional driver.
2. Mining stocks are usually a safe short after a MAJOR news release that causes an upswing in the chart. Usually this news release indicates a find.
3. Shorting this stock after the reverse split is smart.........but that play is now OVER.
4. Why short something that the people will want. Right now the play is long and this is a no-brainer.
5. TechKim sounds like you need a week off. I just had one and I feel brand new to this game.
Hello.... is this thing on?????
Hello.... is this thing on?????
Firstly, the oil company needed financing to obtain the processing equipment to be placed at the various sites where this inventory sits. This will be one of the terms that James Monroe Capital may have to fulfill. In addition, this may help shareholders understand the reason behind acquiring a gold asset.
If this is true we should be finding out info related to the solution. One that is cheap. There are plenty of these mini refinery popping up.
We already have money riding on this.
Their will be plenty of time to bitch and complain.
Off Topic
If you guys want to see a good example of Due Diligence from a field operations standpoint check out Goldenbollox out on the UCOI board. He has a good website going.
Derb I totally respect your play so far on this stock.
If you walk out of this part without holding short you have walked away with good profit.
This stock is not going to be traded at this level for much longer.
I trade DROOY on the Nasdaq on a daily basis and they are all starting to come. Look at the charts.
I would respect any trader sitting short at this point.
You have balls!
I am going to step out on a limb here.
The oil deal that was PR'd today is their second one.
In order for these guys to make money they have to sell their shares. Selling them at 0.0001 isn't going to do it either.
They need to reduce the O/S.
At 0.0002 they have just doubled their cost.
You might be his assistant after you gig is up on UCOI.
Third party info
Like I told you before Ronning.
A MAJOR SHAREHOLDER OF UCOI EMPLOYS THIS CREW.
THAT IS HOW BUSINESS WORKS.
YOUR SO UNBELIEVABLE.
Fully aware that I will be called a basher (again) for bringing this subject up, please provide one verifiable statement that Frank Love has made through a PR.
IT IS CALLED FLYING UNDER THE RADAR. HE HAS DROPPED A FEW CLUES ALREADY. SOON YOUR SHARES WILL BE SOLD VIA MONTHLY OIL REVENUES.
Also, does anyone else find it ironic that, ooops, the deal with USSE fell through, but low and behold here's Frank Love that is hot on the trail of some new "deals" that is sure to bring all our shareholders loads of money?
THIS IS A SEPARATE ENTITY. OUR FEARLESS CHRISTIAN LEADER HAS MET HIS MATCH AND NOW REQUIRES LAWYERS TO BAIL HIM OUT. "IF YOU PLAY WITH WOLVES YOUR GONNA GET BIT."
HOPEFULLY WE GET OUR PLANT BACK.
I love this board.
llamasbolivia?
You have got to be kidding me.
No sar I cunt spake good english. Pease sell yar shures be4 da run.
Nope
I am charging you a $577.50 penalty for bullshatting.
You have my e-mail.
1. How many shares could one month of tailings production buy?
2. Why the fack would a former geo who worked in the area would be buying so many shares?
Over you career in the area Ray, how many core sample results did you see?
You guys should take out Trigon (Tel.tsx) right now or else you'll be paying more later. Why process somebody elses ore?
I call bullshat.
I'll take them for $ 1500.
E-mail bilowreck@yahoo.ca.
Quote
And yes, I still own 21 million shares, of which I'd love to sell for 0.0001 and be done with all this!)
You had your chance several times over to do this.
Thanks for your wonderful interpretation.
NXXI looking to gap up!!!!
Frank has been a busy guy.
Look for the buy-back soon as soon as the first months cheque comes from the oil profits.
After a few shares are bought then we will see what the boys have to offer.
This baby could go.
Frank
1. Where exactly is the leases located in Ghana?
2. Is there any pre-existing infrastructure?
3. What is the nearest distance to an operating mill in the area?
4. What is the grade from some of the samples?
5. Every detail would be appreciated?
F%ck ya...........good play.
Since Bill P is behind this pump based on the chartscans I would not expect too much
Thanks for the reply Derb.
However I will get what I deserve..........since I am part owner of a goldmine that is near production.
Have a nice day.
I was hoping the Fppl increase was because of a forthcoming PR. Since it made Bill P list it probably won't do to much.
Which ECN were you using Surf.
I believe they are done diluting.
They used that money to refurbish a mill and purchase a mine.
Do your research on Ronning and Derb. For someone with no vested interest why would they spend several hours a day trying to scare newbies.
I have been to the site and I am happy with the progress being made.
Look at the insider buying.
Watch the core sample PR in the near future.
It's all a game.
I see there is trouble in the henhouse again.
Ronning, Joanie, Derb your ploy caused us to enter at such low points.
But more importantly your ploy will make us rich once you are force to cover.
Death financing?............not if you ride it out.
This project is all paid for and will soon be producing revenues.
Can you say DIVIDEND baby.
I have personally been on sight and seen how it progressed.
I have spoke to Ray who said that the mill will be going in the spring. Since I look out my window and see snow, spring will be here in a few weeks.
He also indicated IR will be forthcoming after the mill is operational.
I only see this story ending one way.
Only an act of God can save you clowns.
That would explain the increase in volume and price.
We really need a PR.
Well back to where I bought in.
Hard to believe with all the progress. For f%uck sakes.
If these guys would've put all their story telling hours into setting up a tailing projects, well we would all be rich.
But then we wouldn't have all this fun.
It scares me that I have not been on site. I am investing in something I have not seen. At least with UCOI I have seen it before and after. I am not worried about that one. However at this point FMNJ gets me thinking.
FMNJ has been busy setting up business from the white collared end, however it takes the blue collared end of it to attract investors of this calibre to play it at this time.
The rest of the dummies will come with respect to the rise in gold price.
Game on boys
Why we are in this stock.
1. F@CKIN GAMBLER TILL I DIE
2.IF these guys raise the A/S to get 5 million big deal. Where do you think the money to get the money for the oil deal.
3. You guys bitch and complain about previous companies and experiences these guys have. They are learning from all this.
YOU D$CKHEADS ARE IN A 0.0001. IT DOESN'T get lower. The only risk is if they get delisted. THE SHELL IS WORTH MONEY.
You all make me sick, especially you HAOD.
4. It is always Taylor this and Frank that.
I look at my portfolio statement each month and so far neither has proven me wrong so far.
5. Since the failed Costa Rica deal these guys built an Ethanol plant and got an oil company.
Some deals don't go........... big deal. I bet in that period of time you wished you had a life and never scored any broads.
YOUR PLAYING A 000.1 STOCK
Liking the confidence expressed in todays PR.
If you don't like this stock take your exit.
There is enough volume to get out.
If not shutup and wait for the ride.
Jaime
This stock double topped because you need to start mining.
NO PASS 4 IF NO MINING..........Simple f#ckin concept.
Go reread your January PR's..........OOOPPS.
Cut the shit and get those shovels in the ground.
Then once you got cash flow then you can play monopoly.