My guess is that as soon as CHNW shows up on the symbol change list, we will see the buyers coming in to play a possible squeeze.

I try to stay away from having to contact the IRS. And, I hate it when the IRS contacts me! If I don't get my taxes done soon, that could be a possibility.

Now, if you want to contact IR of Esprit, then no problems there.

Livinginstyle, that post is noting the Cause & Effect of our actions here. Of course, everyone has the right. However, I am trying to point out the resultant implications that we are seeing.

Sharing is good, but can come with a cost. That cost is discussed in my post. I am a firm believe that just because you CAN, it does not mean you necessarily SHOULD....especially when not weighing in the consequences of your action and if it can become counterproductive to your goals.

NOBO List

Typically, "street name" beneficial owners are not identifiable. However, an issuer may be able to identify a portion of the "street" population by obtaining a listing of Non-Objecting Beneficial Owners ("NOBO" list). An issuer can request a NOBO listing from ADP. The listing will indicate those beneficial owners who have instructed their broker that they do not object to the disclosing of certain ownership information about themselves. Beneficial owners that do object to the disclosure of certain ownership information about themselves are called Objecting Beneficial Owners.

Non-Objecting Beneficial Owners and Objecting Beneficial Owners constitute the entire "street name" population. Consequently, a NOBO list will only provide the identities of a segment of the aggregate beneficial owner population.

The problem really started when people started to post IR Email replies on the board. Those emails, while providing great insight, also raises alot of questions. As such, more people, seeing IR is willing to be responsive, send emails. And we have a snowball effect. I guess the same is true for phone calls.

I personally did advocate bombarding the T/A a few weeks ago because he was being too elusive on a very important issue.

The reason I brought forth the idea of PMs was more on the notion that we should NOT be posting IR email replies here. Overall, it has a bad effect. Not only from what I already mentioned, but it also reduces the general Suprise effect when a PR comes out....we already expect the information. As such, it does not create a burst of buying that is necessary to push over our resistance. PR surprises are a good thing in the market as it creates volatility that induces new trading patterns and prices levels.

Exactly, D^4. Esprit will be the mods and they can control subject matter and knowledge of who are investors and not.

http://www.espritfinancialgroup.biz


However, I do not think it is running yet as the email registration process is not running.

Please, the more I think about it, the more I really don't like the idea of having Esprit posting here. There can be major problems. If you think people threw the 'red flag' earlier, you will have seen nothing if something like this happens. I am concerned enough that would directly communicate to Michael not to do this.

Again, the Esprit sponsored Town Hall is the correct medium for this.

Just catching up on the posts after my dinner (brrrrppp). It seems that Esprit is close to launching the Town Forum. We should look to use that tool for interactive discussions with IR or other Esprit management. I do not think we should be having IR at iHub. I am sure bashers would somehow have a field day with that notion.

Then I can go ahead and recommend that IR stop receiving calls and respond to emails? On top of that, I should also recommend that they stop issuing PR's and just do the mininum to maintain listing requirements? If they stop if all information distribution then maybe people that should not be owning these shares will sale and move on.

Frankly, I don't care. All this extra information just confirms my own DD. There is plenty of info available over the past 3 months for anyone to do proper DD and determine what to do with their cash. I trust the company and the people. I don't trust a large number of iHubbers. That is why I would rather see more private member discussion here on relevant topic exchange.

If the same, info is being made available to any investor of the company, then it is not insider information. Just because it is not put in a PR does not make it insider. It is public available on request to shareholders. This is same as a transfer agent legitimacy to verify you as shareholder before providing information.

There is no big deal on this topic. Anyone saying otherwise is bashing, being manipulated by bashing statements, or not understanding the situation.

Esprit is a small company. Every person most likely has multiple roles to contribute in the company. If you have the best interest in mind, then you don't constantly talk with IR or others in the company. We undermine their efforts to build the business.

One thing to note, it shows how many non-posters are reading this board and using the information. Some for good reasons, others for bad intentions.
Given this, I would rather see email correspondence be relayed as private messages instead of generally as public posts. If you want the info, then PM the person. If you don't have a paid account at iHub, then you really don't deserve the extra info. (I can say this cause I finally became a paid member :=P ) Remember, not all that read here are doing so for the good of the company.

When you issue a PR to the business wire, there are different price levels that publish your news to different wire services. The NASD news accumulator obviously does not match up with one of the news wires that Esprit is using.

It is truly amazing how bashers will try to find anything to raise a 'red flag'. If you have worked alonside these departments, you will understand how much of their life is just constant email and phone calls. Their job functions also include other things than just being an investor receptionist. They perform major functions that they need time to do.
If you know anything about the IR/PR end of a business, this would not surprise you.

Anyone pestering or promoting bombarding IR is just another basher. It seems we are collecting more and more of them leading up to cuspid/symbol switch. Surprising? Not really.

10mil is much more significant than 4mil? $10k transaction vs $4k? Ok, what ever you say....

Yes, I think that is a restriction on Ameritrade. I think their system not programmed for that extra 0.


Editted. I mean 99.99mil limit on AMTD. One of my buys of CHNW was 50mil in single transaction down at .0002.

And is 10mil big chips? If there is a 100mil block, then I take notice. 10mil is only $10k trade....equivalent to play money for MMs.

Most of the brokers I know of do not allow 'market' orders on Pinksheets. They do this to protect their account holders since they know the specialists filling orders are criminals.

OMG, What that a 4mil buy? Rcheco, you missed it!!!

LMAO

It really doesn't matter. We are with a few days of cuspid/symbol change. Once the change happens, naked shorts will have only a few days afterwards to cover. Next week is when the entertainment begins.

Gee, hard question to answer. There was a 10mil trade. It takes both a buyer and a seller to complete a transaction. So I guess the answer is......

Per PR, no reverse split. This is not just rumour, but issued statement within an official press release over the business wire.

It would be intersting if the MMs start to eat their own.....MMs that already have cover start to go long and squeeze the other MMs still trying to stall while they account for naked shorts.

Also, Michael in IR needs that symbol so he can ready a PR timed with the change.

That shows you there are definately naked shorts out there...hence why locating all certs so difficult. MMs trying to stall and cover naked before the jig is up.

The closer we get to the symbol change, the more agressive the MMs have become to halt up moves. Rather telling, isn't it?

At a current market cap of only $5mil, why would I sell even at a dip? At lower levels, it becomes even more of a deal. Unlike you, selling like a banshee, I would be the buyer on the other side of the trade saying "thank you".

No matter what exchange CHNW is on, $5mil is a steal for what they have going on. That is why there are some forces in play trying to shake shares and buy up as much as they can.

ofc, you find a way to create a negative. Haha.

There are several people on this board who have accumulated fairly large positions. It is the nature of the share price being so low.

Anyone that is knowing in trading knows you just don't 'Dump' large posiitions. So don't try to scare people. When CHNW hits various price targets, I will sell small amounts. You do this in a way not to disturb the price direction upwards. My initial sell targets are far from being hit. So I have just been accumulating. However, the majority of my shares are targeted for 2008 timeframe for tax advantages that it provides holding over 12 months.

My disclosure of my position has been fairly steady over the last few months, where I have added more, I have said so. This is stated not to gloat. But rather, I disclose this as a 'put your money where your mouth is' perspective.

No one should invest/trade more than their own financial status permits. I am a full-time trader....spending most of my day flipping mid-cap stocks. This position, I got relatively cheap, and now can be viewed as a nest egg that will hatch soon enough for me. Esprit continues to give me reasons to lift my targets and timeframes.

You have been PM'd

itlogic, my holding in CHNW is currently worth $140k. I have done my own DD. I am satisfied. I am smiling. I will hold no matter what basher the MMs send to this board.

You make me laugh about your $200 'investment' in CHNW...and all the time you spend here trying to find reasons to sell. How about you sell me your 200k shares? I will pay you double your investment if you leave.

Do you really think the Japanese group would invest $7.5mil without making sure the legality of the franchise in CA? You state info from 2004....3 years ago. Plenty of time to resolve state-level paperwork.

The big buyer which keeps eating up any attempt of a downtick to .001 must be really pissing off the MMs. LMAO

Yep, early IRA distribution has 2 penalties.
1. Treated as earned income so you need to pay regular tax bracket % on it
2. 10% extra early withdrawal penalty.

So early distribution, will cost you potentially almost 50%

One of my early purchases of CHNW was at .0002 for 50mil shares, in 1 transaction...it cost me $5 commission. When you trade sub-pennies you need to pick your brokers carefully. I use Ameritrade for such high volume shares as they provide flat fee pricing, regardless of # of shares and the exchange. However, I think they do have a 100mil limit on single transaction size.

What you saw Friday and Today with only 2 MMs on the bid is their late stage effort to induce retail selling. With the symbol switch imminent by Thursday, they need to clear out their short positions and do so (hopefully from their perspective) without popping the price. MMs work together. As such, most MMs on the bid closed and have routed their transactions through NITE and/or UBSS & ETRD. However, we held steady today even with their games.

I would say we are very close to moving up to a new trading level instead of a further dip.

Emails late today from IR say that they got very reliable status that symbol change by Thursday this week. Paper certificates exchange ongoing amongst brokers.

Too bad all these penny flippers have given alot of short shares the chance to cover below .002. I wanted to break over .002 and be setup in teh .002/4 range for the cuspid/symbol switch.

MNM did not provide details on his set back...(apparently he is not from California, where every hangnail is a major drama ). However, he said he is feeling better today and was quite active posting.

Would you rather have them PR outlandish revenue predictionz and phony deal vales like so many pinky scams that are out there? Scams like Sanswire (GTEM)? Or even HSOA puting out over-inflated revenue deals (see latest Greenburg article).

Their revenue streams are incremental. They don't have single product purchase orders. Rather, they establish francise licensees. The same thing with Forex. As people start to trade with them, they will see incremental revenue, every day. The same with EM2 products. You will get revenue figures on a quarterly basis.

You apparently just want quick pop on CHNW regardless if a PR is true. Conversely, I want a nice steady climb. That climbs comes with day-to-day business execution and timely quarterly reporting. I want to be able to sale the majority of my shares (over 100mil)in 2008 and gain an additional 15-20% from tax saving.

In most any stock, the 1st and last 1/2 hour of trading are the most active. I doubt your sell orders had any localize effects down at .001. It was more likely a nature of the timing of your orders and how people tend to reposition themselves at the beginning and end of day.

In Pinky land and quite often in in OTCBB, when a stock rev splits, it is an indication that they intend to sell shares. By rev splitting, the higher shareprice brings in new buyers (e.g., those that won't buy a stock sub .10, may buy it if above $1). People are also less intimidated buy the smaller o/s and float numbers...even tho market caps don't change. So, if a company needs to raise capital, they may R/S and dilute into the the fresh set of investors. It also gives shorts opportunity to short more. In this example, they figure they can short at $1 and push price back to .10. In bad companies, they often go back to pre-split pps. So long-term longs get screwed doubly.

Now, if you actually have a good business, a reverse split can be beneficial. If there is no intent to dilute, then a company uses the same new batch of buyers at the higher price to push the price higher and faster than it could otherwise at lower pps and higher o/s. If there is substantial interest, than those R/S shorters will get squeezed.

Lastly, a R/S may be performed as part of a share restructure as you jump to AMEX, NASD, or NYSE. You need to have a min share price, market cap, and some other fundamentals to gain access to these exchanges. I view a R/S as part of a move up to bigger exchanges as a very good thing.

It really all depends on the company, their motives, and business viability.. However, such a high % of penny and subpenny companies are basically crap, that is why people playing in penny stocks fear reverse splits.

Chud, thanks for the PM. The point on mirror trades, is they typically mirror the trade a tick lower. I don't see why they would do that if it is just a process of exchanging certs from CHNW to ESxx.

It also does not explain why Only 2 MMs shown on the bid over extended times on Friday and today. Both those acts still tells me an effort to scare up sellers. So I think that cert exchange process is mixing in with short cover tactics.