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Obviously, you don't know what a global lock is or wouldn't of made that statement. Unless you're just trying to be sarcastic. The stock still able to be traded. Just because nobody has traded it doesn't mean they don't have the option to. Who would buy it right now at .0003 when you can get it for .0001 down the road?
Right now my exit strategy is to hold until just past the September meeting. That is subject to change, of course, at any given time, depending on the behavior. Could be shorter, could be longer. I'll make a decision based on L2's, volume and price.
So, you feel we'll see just over 8 million volume in trades at .0003 before we see 5 million in volume at .0005? Okay. Sure. That is such meager volume. 8 million at .0003 will hardly dent the BID. The same goes for 5 million at .0005. Won't dent the ASK. But if that's all there is at by the time of the meeting, then that shows that interest is low and I will make for the exit.
Cheers.
You weigh it the way you weigh it. I'll weigh it the way i weigh it. That's the whole fun of it. Both are arguments are complete speculation. Your theory is that I won't be able to sell over .0004. Mine is that I'll sell between .0006-.001. I'll let you know how it works out.
Good luck with your position.
With that perspective, nobody would ever trade here or make money here. Yet, we do. You gotta play in order to win.
You have to define the gamble before you can judge whether or not you'll be successful with the trade.
For example, my gamble is defined as roughly such:
With a strong support having defined the bottom at .0003, entering into NWMT at .0003 or .0004 at this point and time, as volume starts to rise and accumulation remains high, ahead of a highly anticipated shareholder meeting this month that will bring attention and new interest to the stock, while at the same time, flirting with the biggest resistance point, where if broken, can send the PPS up to .0007-.001, all the while the O/S is maxed and assuming that the holders, of the remaining 1.5 billion 'share give away' are in at .0003 or higher, that didn't dump last April-August, I feel, personally, being in at .0004, I will be able to make a gain of 50% - 120% depending on the moment to moment movement.
All and all, expect the best and be prepared for the worst. Worse case scenario for me is that I sell at .0003 and lose 25%. Not bad gamble.
Its a gamble Kezzek. That's all. Nobody actually invests long term in these things. Get in when it looks like it can go and get out when it does. Sometimes you win, sometimes you lose. Why do people play Craps or Blackjack in Vegas? Its fun. The OTC is my Vegas!
Right now, the odds are, in the short term, this will spike. Its all about timing.
Cheers,
~H8
In my opinion, everything is still on pace. There was no large dumping at the opening bell, which is common to have it occur at that time. With 1.5 billion shares given away this year, mainly between March 31st and April 20th, there is bound to be dumping. Just the nature of the beast. I'm guessing by looking at the volume spikes from late April until now, with a range from .0002-.0014, that a large portion of the 1.5 billion shares that were given away, have already been dumped.
As far as MM's stacking up on the ASK, that's really no concern being that the volume is so low anyways. I bet a few of those are fake walls anyways. Once volume picks up, the numbers on the 5's will dwindle down. This is our strongest resistance point. It won't go away quickly. If we see the bid start to heavily collapse, then its time to think about selling. But, as long as its somewhat stable, this is the time to be patient. 1-2 ticks away from breaking out is not the time to ditch unless, like I just said, the bid starts to collapse. Gotta stay frosty on the Level 2's
Odds are, that was one entity selling a portion of the shares they were given. Once they saw the volume dry up, they dumped.
Which is why a P&D will come to fruition at some point.
Just remember that short data includes short covering volume as well. Most of the time its just the process where MM's short and then immediately cover. As far as naked shorts go, they got off the RegSho list last June 6th.
It depends on whether or not they are still involved in the marketing of it. Its not their product. They would make some sort of commission.
He's slated to display it again that the WCD on September 24th
WCD Conference
Saturday 2:00PM
Pain Treatment and the Role of Muscles
Speaker: Norman Marcus, MD, the Marcus Pain Institute
Description: The subject of pain is much discussed and analyzed: but how one evaluates pain, particularly neck and back pain, represents a unique challenge for clinicians and caregivers. Norman Marcus, MD who serves on the faculty of NYU Medical School will explore new diagnostic techniques and interventions that he developed for the treatment of chronic pain.
I didn't have a choice. Had to sell a lot of positions today. Not a fun day. I will be back when possible.
Damn, had to bail. Just sold my last chunk. I'll keep watching and will buy back when possible. I still like the odds here.
CSJ, being that you have been able to get a hold of GM in the past, how about asking him his thoughts on everything. He's got to know about this.
This is good. Volume will continue to pick up leading up to the meeting. The more exits we have at now at .0003 & .0004 the better. We have to have selling and buying at .0004 in order to move. All that matters is that we get to a solid .0005 by weeks end.
Well, I can't argue with you on those points. You are correct when it comes to the way subby's are traded. And you're correct on the company's actions. Facts are facts. Can't deny them. Its all about who controls the debt. And that is the NIR Group. The most corrupt toxic financier in existence today.
That being said, this is still a move in the right direction. If Joe learned anything from the debacle he created last year was not to PR anything until it's in stone.
As for Joe being rude and arrogant, I think that's just with you. All my correspondence with him has been professional and straight forward. If you didn't let your emotions get the best of you when you contacted him, perhaps you would of received the same. Regardless, though, he should of just ignored you instead of responding in a negative way. That was his bad.
When and if this does get PR'd this will attract buyers. I am speculating the contract will be announced at the WCD in a couple weeks. Buying now at .0001 is a good gamble. Anyone that has been in the game for more then a week knows that.
The United States Army Medical Research Acquisition Activity in support of the Telemedicine and Advanced Technology Center will award a contract to EP Global Communications, Inc., 416 Main Street, Johnstown, PA 15901 for developing and disseminating articles specific to the Exceptional Family Member Program (EFMP) in the Exceptional Parent Magazine published by EP Global Communications Inc.
Once the contract is finalized, I'm sure a PR will be released.
Your hatred of the company runs so deep that they cold get a billion dollar contract and you would still dog it. Lol.
Having the NSCC exit their position is not a good thing. They don't do it without good reason. But it can be traded. To confuse a Global Lock with it being designated Trade for Trade, as I did at first, is a big mistake, especially if you make a trading decision based on it. Regardless,
Whether the fact that it can still be traded is a good thing, well, that's up to the individual trader.
There is no lock! Its been designated trade for trade.
Never said it was good news. All I'm saying is that it's not a Global Lock or Chill. People need to get their facts straight.
Trade-for-Trade Settlement requires that the brokerage firm delivers or receives traded securities directly to or from the firm with which the trade was executed.
For example – Firm A buys 200 shares of TIVU from Firm B. On settlement date, Firm B delivers 200 shares of TIVU to Firm A. In turn, Firm A renders payment to Firm B for the delivered securities.
Securities transactions are subject to Trade-for-Trade settlement under the following conditions:
1. The trade is compared Ex-Clearing
2. The security traded is a fixed income security and one - or both - of the trading firms is not a CNS clearing firm ie, Tivus, inc.
Not a Global Lock or chill.
The stock, although having the NSCC exit their position is not good, its not the same scenario as a lock. It's been designated as a trade for trade.
Trade-for-Trade Settlement requires that the brokerage firm delivers or receives traded securities directly to or from the firm with which the trade was executed.
For example – Firm A buys 200 shares of SLRW from Firm B. On settlement date, Firm B delivers 200 shares of SLRW to Firm A. In turn, Firm A renders payment to Firm B for the delivered securities.
Securities transactions are subject to Trade-for-Trade settlement under the following conditions:
1. The trade is compared Ex-Clearing
2. The security traded is a fixed income security and one - or both - of the trading firms is not a CNS clearing firm ie, Solarbrook.
The next step is find out why the NSCC exited their position. Until that is known, we know nothing.
Most likely. The whole point of this play is to accumulate before the meeting. The gamble is whether or not the meeting will spark a buying frenzy, in which those who had spent the summer accumulating, then sell into the frenzy.
I'm guessing we'll see some large buying volume a few days before the meeting, which will create additional awareness. Send the PPS to .0005
Regarding the current situation, according to past instances where the NCSS has exited positions, they have provided SEC links explaining the reasons. The details of the specific fraud occurring.
Go this link:
DTCC Continuous Settlements
At the bottom of the page is a 'WHAT's NEW' box. In that box there are 2 Tabs. 'Customer News' and 'Important Notices'. Click on the 'Important Notices' tab and scroll down and click on all the notices that deal with CUSIP's to be exited from CNS and future trades...
The most recent one, with SLRW, is not listed, but past ones are.
April 15th, 2011
October 18th, 2010
October 4th, 2010
January 26th, 2010
You might see some companies that you are familiar with in these listings. I have. I have traded some of them since.
Basically, click on the link and you will download the pdf. At the bottom of the pdf are the sec links citing the reasons.
Take it for what it's worth.
But this is not a DTCC Global Lock situation.
There is no Global Lock! That is a huge misinterpretation of what is going on. Although, what is going on is still not good.
I'm involved with DTCC lock in another stock right now. Since last February. The only way they release the lock is if the "brokers demand that it be unlocked".
Regardless, George Moore needs to release a statement regarding this immediately. Cowardly avoiding the situation, like he has handled the release the company's financials, will not help his case.
2nd Quarter 2011, Results
2nd Quarter 10-Q
NewCardio Raised To Spec Hold From Hold By Benchmark Co
Friday 09/02/2011 06:30 AM ET - Dow Jones News
Until you've been involved with a stock that has gone through a DTCC lock, as I currently am with another stock, you have no idea how frustrating they are. Never advise people to buy a stock that is about to be globally locked. The whole reason they are listed is because the DTCC has detected or highly suspects fraud.
Investor's only chance here is to open an account with a broker that does not settle trades thru the DTCC and to then transfer their slrw shares over. It takes years for the DTCC to lift global locks, if ever.
Given the info I had at the time, it was a risk worth taking. I have no regrets. Sometimes the Black Jack dealer deals himself a '21'.
With all these POS', you can't win if you don't play. Luckily, I didn't bet more then I could afford to lose. The good thing is that Moore will be investigated.
There is small chance people can still get out this if they trade with a broker, ie Zecco, that isn't part of the DTCC.
The worst thing about a lockdown is that every time you look in your trading account you see SLRW sitting there, unable to be traded.
A crappy reminder of a crappy stock.
Oh well, time to move on.
No. I had one sell order in for a million at .0004 and another million in for .0005 since Monday. Nothing went through.
What do you have? sg@palmhealth.co.ke
Good luck with that one.
Oh yeah! Try DD'ing that now. Try calling it or emailing it. The email doesn't exist nor does a phone number. Funny how it has the same address as PTA National Bank. http://www.ptabank.org/ I've contacted the bank. They can't confirm that Palm Healthcare International is still in business. But they gave me the email of the last known executive.
Sanjeev Gadhia sg@astral-aviation.com
This is the guy that was quoted in the October 28th PR about the acquisition. He runs an aviation business.
allafrica.com/stories/201010280790.html
Go ahead and email him and see if he responds. You want to know for sure if this deal is for real? Email him.
Here's his company website and their products.
www.astral-aviation.com/index.php/products/astral-protect
How about this site.
www.vc4africa.com/profile/SanjeevSGadhia?xg_source=activity
Here's his Facebook page
www.facebook.com/sanjeev.gadhia
Perhaps the condom plant is under his interests?
All this aside, there is still a chance things are legit. Until confirmation comes through, there is still a chance that i am wrong. What do you think the odds are? What are you willing to bet? Perhaps this is wrong Sanjeev Gadhia in Kenya.
Who knows. Email him and find out. All I know is, every question I ask has has another question for an answer. I still believe that this is a good play if you are in low enough. I also still believe that they are full of crap and this will never cross the .0005 mark. Especially with Phillip Verges having majority vote and 51% of all profits earned.
Then don't buy it. I'm not asking you to. Believe what you want to believe. See whatever makes you comfortable.
I accidentally posted NVAE stuff on the NWMT board thinking it was for the NVAE board in replying to a request. I didn't get caught doing anything shady. 'Value' will attest to that.
If you purchased your shares at .0002 or under, you'll be just fine. The risk is worth the reward. Just make sure your exit strategy is based on logic and not blind faith / greed. Research, research, research! The info is available to those that take the time to look.
good luck.
H8
Perhaps. As long as its audited. If it's not, then it's not worth the paper its written on.
As far as dilution goes, it would depend on what the conversion price was. The volume didn't justify holding for higher profits. When the volume became anemic, the selling began. If this deal was legit, then the PPS would reflect it. People might want to actually read the 10Q's and see where the profits would actually go if this was truly a good deal. BTW, try and find anything information about Palm Healthcare International. One piece of news other then the Savanna East Africa / P.H.I. PR of the acquisition of the condom plant from last October.
You just asked an important question.
Why would anyone sell for a loss with news we just got?
The answer exists if you chose to see it.