......LookN for Gold
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float??? as of when?
MY L2 shows 6 @ 4's???? u2?....1 @ 3's
thats encouraging.....holding here to see what happens
nice....jumped in today on small position...any thoughts on where this may be going....?
people are buying the dips.......by wednesday those dips will be bought at higher levels imo......WERE GOING UP
IN AT .15
LOOKING GREAT!
do you have a link for this?...thx
has the O/S changed in last few days anyone????
HOW does this hit 2's?....dont have L2 right now, but is this a MM game here?....although, last time it hit 2's, a good run came shortly after, so what do i know?
I dont "know"....just relaying rumors....maybe,,,maybe not. I hope so, and I hope its good
seen some guy post this the other day "Im getting my spacesuit on"......haven't laughed that long and hard for awhile..funny.....news in morning for SNRS!....IMO..IMO...IMO
#1 ON dd MACHINE
http://www.ddmachine.com/
NEWS IN THE MORNING IMO!! LOL>>>>>GET UR SPACE SUIT ON!!!...............TOO FUNNY
Uuuuuuuummmmmmm.....well I guess.
i'm getting my SPACESUIT ON RIGHT NOW!!---seen someone write this a couple days ago...TOO FUNNY
LOL---I'm gettting my spacesuit on!!....oh man, TOO FUNNY...WHO WROTE THAT BY THE WAY?
can't wait to get back in with more shares next week....so happy to be here with you guys! God bless
hope i didn't make a bad move here....be back in wednesday with more shares than before.
the float is 281 Million
O/S 1.3 Billion
as of Dec. 2009
5/21 Short Volume---40%
20100521|SCLL|74018612|184150270|O
http://regsho.finra.org/FORFshvol20100521.txt
shorts are in some hurt here IMO....we'll see
IMAI??
still learning here, but hows EXPU chartwise?
still learning how these short %'s work or its affect.
47% SHORT VOLUME---5/20
13% SHORT VOLUME---5/21
20100521|SNRS|57814697|431078174|O
great link to save....scroll down to ORF
http://regsho.finra.org/regsho-May.html
68% SHORT VOLUME---5/21
20100521|EXPU|5185756|7601274|O
i picked up some 3's very easy this morning.....
just wondering if i have it right.
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=nwtt
A company goes "dark" when it delists its securities from a national securities exchange and deregisters with the U.S. Securities and Exchange Commission (SEC). In doing so, the company avoids the burden and expense of complying with the public reporting and other requirements imposed by the commission and applicable securities exchange.
This simple process should not be confused with other types of going-dark transactions, such as leveraged buyouts leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. , management buyoutsManagement buyout (MBO)
Leveraged buyout whereby the acquiring group is led by the firm's management.
--------------------------------------------------------------------------------
management buyout
See going private.
..... Click the link for more information. or tender offers, since these transactions frequently trigger litigation and present more complex legal issues.
Although going-dark plans are often referred to as "going private" transactions, they are not the same thing. Dark companies can still trade in the over-the-counter "Pink Sheets" market, and companies don't necessarily go dark and then go private. In fact, a 2004 study by Christian Leuz, "Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations," suggests there are only a few cases where companies first go dark and then subsequently go private.
The Process for Delisting and Deregistering Securities
The first step in going dark is delisting the company's securities from their exchange. This action eliminates the registration requirements of Section 12(b) of the Securities Exchange Act of 1934 (the Exchange Act). Exchange Act Rule 12d2-2(d) permits a company to file an electronic application to withdraw a class of securities from listing on the exchange in accordance with the exchange's rules.
Thus, an issuer can usually voluntarily request that its stock be removed from the exchange by filing Form 25 through the SEC's Electronic Data Gathering, Analysis, and Retrieval Electronic Data Gathering, Analysis, and Retrieval
See EDGAR (Electronic Data Gathering, Analysis, and Retrieval). (EDGAR Edgar or Eadgar (both: ed`g?r), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. ) online system. However, the issuer must first ensure that it complies with any applicable state law or exchange rules for delisting, as well as notify both the exchange and the public that it plans to file Form 25.
The notifications must be given no fewer than 10 days prior to the filing, via a press release and notice posted on any publicly accessible company website. The delisting becomes effective 10 days after the date of filing the Form 25 and requires no further orders from the SEC.
To deregister, or terminate registration of a class of securities registered under Exchange Act Section 12(b), issuers simply file Form 25. Issuers registered under Section 12(g) of the Exchange Act must file a Form 15 with the SEC certifying that either: there are fewer than 300 holders of record of the securities to be deregistered; or there are fewer than 500 holders of record of the securities to be deregistered and the company's total assets have not exceeded $10 million on the last day of each of the company's three most recent fiscal years.
Notably, the concept of "holders of record" does not contemplate the modern distinction between holders of record and beneficial owners Beneficial Owner
A person who enjoys the benefits of ownership even though title is in another name.
Notes:
For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial (ultimate shareholders). Today, most beneficial owners are no longer the "holders of record" because their securities are held at securities depositories. Because of this anachronism a·nach·ro·nism
n.
1. The representation of someone as existing or something as happening in other than chronological, proper, or historical order.
2. , large public companies with a significant number of investors may still be eligible for deregistration deregistration
removal of right to practice by local registering body, usually as a disciplinary measure because of professional misconduct, possibly because of inability to perform because of psychiatric problem. .
Not surprisingly, a group of investors has identified this issue and petitioned the SEC to count ultimate shareholders when permitting companies to go dark.
Upon filing Form 25 or Form 15, the company's registration is suspended. The suspension is effective 90 days (or such shorter period as determined by the SEC) after filing. The issuer's obligation to file periodic reports under Section 13(a) of the Exchange Act, however, is suspended upon the effective date of the delisting. A company with effective registration statements under the Securities Act of 1933 remains obligated ob·li·gate
tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates
1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force.
2. To cause to be grateful or indebted; oblige. to file periodic reports under Section 15(d) of the Exchange Act, and different rules govern termination of the reporting duties under this section.
The Economics of Going Dark: Expect Share Price Decline
The quantifiable costs of complying with Sarbanes-Oxley, which do not include lost productivity due to compliance efforts, have proven much higher than originally estimated by the SEC and are disproportionately higher for smaller issuers relative to their revenues and net income.
A 2004 survey in Corporate Insight, Spring 2004, "The Costs of Complying with Governance Rules," estimated that small companies with annual revenues between $25 million to $99 million suffered Sarbanes-Oxley compliance costs of $740,000 and 3,080 company hours expended ex·pend
tr.v. ex·pend·ed, ex·pend·ing, ex·pends
1. To lay out; spend: expending tax revenues on government operations. See Synonyms at spend.
2. on compliance efforts; companies with annual revenues between $500 million to $999 million (a minimum 10-fold increase) incurred compliance costs of only $1 million and 6,900 company hours.
These costs are in addition to the pre-existing costs of being public and the new costs imposed by Regulation FD. A study by Foley & Lardner LLP LLP - Lower Layer Protocol , The Cost of Being Public in the Era of Sarbanes-Oxley (May 19, 2004), estimated that the average cost of being public in 2004 was $2.86 million, a 130 percent increase from the same study conducted in 2002.
Not surprisingly, market data suggest that more companies are now deregistering. The number of companies deregistering after the enactment of Sarbanes-Oxley jumped from 75 in 2002 to 135 in 2003. And more companies may soon follow. The Foley & Lardner study, Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations, indicated that 20 percent of companies surveyed were considering going private, representing a roughly 50 percent increase from the same study conducted in 2003.
Statistics published for 2005--based on security deregistrations, reported by the Bloomberg news agency--suggest that up to 214 companies may have voluntarily deregistered last year.
Nadia Massoud and Andras Marosi's 2004 study, Why Do Firms Go Dark?, indicates that companies that go dark suffer more than a 12 percent drop in share price during the first two trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. after the initial announcement.
Christian Leuz's study found that companies suffer a 10 percent drop in share price after the initial announcement and subsequent filing of deregistration. It also concluded that this negative reaction is more pronounced for smaller firms that would expect to benefit the most from the cost savings of deregistration.
Two companies that have been in the news for going dark are Niagara Corp. and SmartDisk Corp. Press covering these companies suggest that the market may question their motives for going dark. Indeed, Niagara and its board of directors have been sued for losses resulting in part from the voluntary delisting.
In Berger v. Spring Partners, L.L.C., plaintiffs sued for breach of loyalty and good faith for losses resulting from Niagara Corp.'s delisting and subsequent "reverse forward split" of stock that essentially cashed out plaintiffs at allegedly artificially low prices.
The court denied the defendants' motion to dismiss the complaint because plaintiffs adequately alleged that the board's decision to delist delist
To drop a security from trading on an organized exchange. Delisting may occur for a number of reasons including failure to meet an exchange's standards or placement of a new listing on another exchange. Compare list. was not a "valid exercise of business judgment" and lacked independence and disinterestedness dis·in·ter·est·ed
adj.
1. Free of bias and self-interest; impartial: "disinterested scientific opinion on fluorides in the water supply" Ellen R. Shell.
2. for at least half the board. The court later reaffirmed this holding in Berger v. Scharf.
Niagara Corp.'s decision to deregister its stock also led to a books-and-records claim in Delaware. In that litigation, the Chancery Court The Chancery Court of York is an ecclesiastical court for the Province of York of the Church of England.
The presiding officer, the Official Principal and Auditor, has been the same person as the Dean of the Arches since the nineteenth century . found that the Niagara board's mere decision to deregister the company's stock, without any specific facts to infer self-interest or failure to exercise due care, was insufficient to support a books-and-records claim.
Litigation Risks of Going Dark
Unlike leveraged buyouts, management buyouts or tender offers, ordinary company deregistrations are not heavily litigated. The fact that deregistering issuers likely will suffer a marked decline in share price, however, creates the potential for litigation, and courts may be receptive to deregistration claims.
For example, while Delaware case law does not expound ex·pound
v. ex·pound·ed, ex·pound·ing, ex·pounds
v.tr.
1. To give a detailed statement of; set forth: expounded the intricacies of the new tax law.
2. on a director's fiduciary duties Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary
legal duty - acts which the law requires be done or forborne when adopting and executing a going-dark plan, a few cases indicate that a company's directors may breach their duties in pursuing such a plan if they do so for self-interested purposes.
In Hamilton v. Nozko, the court reasoned that corporate action, even where legally permissible, may be forbidden if it's taken for an inappropriate purpose.
Similarly, the court in Seagraves v. Urstadt Property Co. Inc. observed that it is not improper to delist shares. Nonetheless, it allowed the plaintiffs to go forward, alleging that the defendant directors had delisted for an inequitable purpose. Again, in Schnell v. Chris-Craft Industries Chris-Craft Industries is a privately held American manufacturer of civilian powerboats based in Sarasota, Florida. The company was founded in the late 19th century by Christopher Columbus Smith and became famous for its mahogany hulled powerboats of the 1920s through the 1950s. Inc., the opinion reflected that inequitable action does not become permissible simply because it is legally possible.
If a case is filed, however, then the business judgment rule should apply. Delaware law recognizes the power of a corporation's directors, in a proper exercise of their business judgment, to cause the company to take steps to take action; to move in a matter.
See also: Step that may result in delisting and deregistration of the company's securities. The Hamilton case noted this power, observing that directors exercising business judgment can incidentally cause delisting and deregistration that might adversely impact the market for the company's securities.
5/20--short volume--95%
20100520|KKUR|25733102|26933102|O
scroll down to ORF----
http://regsho.finra.org/regsho-May.html
ouch.
NWTT---DEREGISTERED right?
EPA scolds BP in Gulf oil spill: dispersant is too toxic, change it
http://www.csmonitor.com/USA/2010/0520/EPA-scolds-BP-in-Gulf-oil-spill-dispersant-is-too-toxic-change-it
getting excited for 2 pm..
keeping her and family in prayer....i hope some are able to pick up some of these cheap shares in mean time.....
praise be to him indeed....its all good here!!
I hope so too, but if it runs....i hope it hits .012 at least for all.
"after"....what news??...I thought today was pretty good.....im not in this, but have been only watching for now.