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Some more time for a lot of others is probably what is needed instead of all the hand slapping.
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Galleon manager Rajaratnam sentenced
By Aaron Smith and Hussein Saddique @CNNMoney October 13, 2011: 12:04 PM ET
NEW YORK (CNNMoney) -- Raj Rajaratnam, former manager of the defunct hedge fund Galleon Group, was sentenced on Thursday to 11 years in federal prison and fined $10 million for insider trading.
Rajaratnam was found guilty on May 11 of all 14 counts of conspiracy and fraud, after netting $64 million on a long-running insider trading scam. He was sentenced at federal district court in Manhattan.
Galleon founder Raj Rajaratnam, shown hear on the day of his May 11 conviction for insider trading, was sentenced to 11 years on Thursday
Rajaratnam will have to surrender to authorities on Nov. 28 to begin serving his sentence. In addition to his $10 million fine, he will have to hand over $53 million as forfeited assets and pay a $1,400 court assessment fee.
The Sri Lankan-born billionaire's sentence actually fell short of the maximum -- 235 to 293 months -- requested by prosecutors.
Rajaratnam's defense lawyer bashed the sentence as overly lengthy and "greater than for murder." He said that, unlike Ponzi schemer Bernard Madoff, Rajaratnam didn't victimize anyone and that the ill-gotten gains went to Galleon, not to him personally.
The prosecutor argued that Rajaratnam's actions did indeed hurt people, because insider trading saps confidence in the financial markets, undermining the economy.
Rajaratnam managed $7 billion at Galleon before the hedge fund shut down following his indictment in 2009.
The white-collar convict's case featured recordings of phone conversations in which Rajaratnam and his sources blatantly discussed ways to profit from non-public information.
8 dumb insider trading schemes
In June, a federal jury convicted three others in the insider trading case that centered on Galleon, including former trader Zvi Goffer and co-defendants Emanuel Goffer and Michael Kimelman.
It has not been decided where Rajaratnam will serve his time. The federal Bureau of Prisons, not the judge, picks the prison after sentencing.
Rajaratnam was sentenced in the same court where Ponzi mastermind Madoff pleaded guilty to 11 counts and received a 150-year sentence. He is currently incarcerated at Federal Correctional Complex Butner in North Carolina. His release date is Nov. 14, 2139.
First Published: October 13, 2011: 11:35 AM ET
http://money.cnn.com/2011/10/13/news/companies/insider_trading_raj_rajaratnam/
Huge "speculation" is that this is just going down. The FACT that this now is just labeled a Pump & Dump and as all pumps that have been dumped, they end up in the gutter sooner or later. So any "huge potential" is the "potential" that it will end up in the trips.
Statistically that is the game and the only thing left now is the "hopes and dreams" and "beliefs" in the past phony PR's and OLD pumps after the main dump and just hoping or believing that CRWV will be the .1 percent that doesn't just take their holdings down close to zero. This thing desperately needs new money that has long gone to other pumps and isn't wasting their time in a old pump and dump such as CRWV.
I don't know his ex to even know about her being nice or not, but I do know that if one is a crook, steals constantly from others, and goes around just wasting other people money on wine, women, and song, abuse the family, and all the other criminal (moral or legal) behavior that DF was doing, they pretty much cause and deserve any negative consequences.
Something Pawson better think about.
Hard to tell exactly how many day shorts were on the pps drop with OrBec taken out of the equation and probably there is always a select few who know before the most of us. I still believe though that the vast majority was just the market disappointment and it took the phase 3 out that many people were in it for. The bid floor just caved from the pressure and many investors are just gone or like you stated, watching and waiting for some more "beef".
I'm not sure if there would be any particular one catalyst to make the pps support a lot higher, but a little higher wouldn't hurt. I believe they should come out with some confirmation of their current and any future funding securing some market sentiment, more on what they will be working on, and that they have realized what mistakes were made. What if anything salvageable out of those mistakes, their ability to adapt to the situation, and still be able to move forward.
The market is pretty fickle, and patience within that market is hard to come by, and there is always that risk of people moving on with their money to different things (even if that's loosing it to some P&D). That won't be a good thing for the pps, so SNGX better stay on top of that issue, and continue any transparency hopefully to their progress. Along with doing it in a timely manner.
If SNGX can do that, there will probably be some more buying, definitely more holding, and a higher base formed. If not, we'll bounce around at these levels for awhile or even a more negative situation can arise.
Actually it does mean something, but we'll get into a discussion that is not really stock specific but overall factors of short interest. Why I said people just need to do their own DD on what those daily numbers actually represent and what is missing. I was attempting to stay with the issue of the daily short numbers of SNGX. We are really talking about two different aspects here. I'm not saying "shorting" doesn't happen, it does, but to any amount that would have anything to do with manipulation by MM's or anyone else is non existent here. The bi-monthly is about the only thing one has to get any "snapshot".
But one can't get any reasonable "snapshot" from the daily due to that many of the numbers are just the first leg of the trade. There is always daily traders, but even then in a stock such as SNGX, it's a little rough playing the short game with it during the day. One still needs to find the shares to short (not always available if at all and definitely not with just every broker), have to have the regulation margin account, pay more fees, etc, and support $2.50 a share on a nickel stock with high risk vs rewards factor. Just turns into a fools game.
There is nothing here with SNGX that is going to support any high enough volume during the day to enlist the idea that it will plunge in pps enough to make any reward worth holding up the kind of funds to do it, during the day or not. Why shorting is pretty minimal with any penny stock under a $1 or without at least with some sort "death spiral" or "toxic" Convertibles attached to it which SNGX doesn't seem to have that I can see.
SNGX is less than a nickel, one can go play some options and would have a lot less hassle and more profit, with less risk and less money on the line or just play it long. Just too many other avenues to put smart money on than shorting SNGX on a little bit of volume and low key news during the day.
I don't think we're very far apart on our schools of thought, I was basically trying to put attention to the fact that ascertaining "shorts" from the daily list are just pure garbage and directing to the bi-monthly because that's all that's really available to get a "snapshot" of anything about "short interest". Hopefully in our age of technical advancements that information can become more clear and more often than twice a month. But still have to deal with the DTC, NSCC, T+3 days, and the enormous amount of trades going through every day, so how they are going to improve on those issues is going to be interesting.
But still, shorts are not any issue with SNGX and to try to make some issue out of the daily numbers is just folly. Risk with this stock is attached to the market sentiment and whether or not it will be perceived positive or negative to the business of the company. Just like any stock, specifically a penny stock, there is risk. Not too much if any at all of smart money will be shorting it though, just not worth the time or money.
Daily short numbers are worthless except for fodder and entertainment purposes. One needs to go to the bi-monthly numbers.
Simplistic, but states it about the best. There was no issue on "shorts" for the problem in the pps by brokers or retail. The short interest for the last period reported was only about 1/2 percent including the 15th of Sept. Not anything there to talk about and a non issue. I wouldn't expect it to vary much for the next period either.
For a big part, many are in these type of stocks for the Phase 3 trials. When the OrBeck failed and SNGX study was stopped by the company, that created those bids to be dropped due to now the interest vanished in wanting to buy or wanting to hold. Pretty simple, way more wanted out than anyone wanting in at those high prices. It just the way it goes.
With such a drop in pps, many were looking for a technical bounce that just didn't really materialize other than a few trading humps. It may very well be that in a larger picture, the pps has generally bottomed and now the company sort of has to pick themselves up and continue on, creating some increase in the pps. I would only expect SNGX to get up into the high single digits in the next couple of months and just don't see much at this point that they have to do more than that in the recent otc markets. Given there can always be spikes here and there.
Double from here is good, this isn't some stock where the IRPs and all there "little me's" are plastering one line circus posts 100 times over and over. Hopefully there can be some steady upward trend and support from here, with a few small trading opportunities here and there as the company gets re-established and moves forward with the resources they have.
Today's PR was a little lacking IMO even though it was good for some support of the company. Not a bad one, but just some information purpose that yes, they are moving on with what they have, bringing in some new people, and really haven't got the future focus totally organized yet, but they are working on it. I believe they felt that something should come out being a few weeks of the Orbeck being kicked to the curb.
I would like to see more about that "future focus" being established, along with any future financial status such as any funding, cash, etc. Along with seeing at some point the data analyzed from the stopped OrBeck program and reasons why it ended up in the ditch.
Still feel it's a good possibility that around here is the bottom for the company and medium to long term the pps has room to increase considerably percentage wise as long as positive reinforcement is in the cards.
I better remain speechless on that one. LOL
Well I had to go back and take a look. Good golly molly, only in the pinks. Investors can call a virtual office connected to some sunken volcanic island, with the company's headquarters based in the lost city of Atlantis while the company is out looking for gold hidden on pirate ships.
Page 4 -
11/ UNDR was originally formed in 1994 when Crews took over Ophir Gold Mines, a Colorado public shell corporation. UNDR reincorporated in the Dominion of Melchizedek in 1996, and filed a bankruptcy petition in Melchizedek in 1998. Melchizedek is essentially a virtual nation that exists at www.Melchizedek.com, although its website makes claims to treaty rights to some uninhabitable atolls in the South Pacific.
Doesn't get away from the big FACT that there was no "10 million" shares that got shorted in hours. In FACT, there wasn't even that many in the whole bi-monthly period. To do that kind of volume, there still needs to be the ability to get that many shares to short all by one person that would have the money to do so and to do it in "within hrs". It's talking fantasy, just isn't done with CRWV and hasn't been done and won't be done.
Doesn't get away from the FACT that for about as low as that 2% or 1/2 million dollars, the shell could be bought, promoted, pumped, and scammed in a very short period of time, and make a 1/2 million dollars easily. Why in earth put out $26 million to short at .10 let alone $250 million at .01?
I'm sure that even when this POS gets down into the trips, there will be some bs of "shorting" at .001 without paying any attention to the enormous amount of volume that has be found shorting and the enormous amount of funds someone has to tie up.
It's just so unrealistic and just plain silly to have any intelligent belief that some sort of numbers that is being discussed with that type of investment vehicle are going to happen.
The odds of anyone who might have $26 million, $250 million, $2.5 Billion doing something like that becomes literally impossible.
Problem is that number one, there has to be 10 million shares available and found by one trader, and two anyone with $26 million dollars to just have hanging around could do so much more with that money. The numbers don't work for the risk. In reality that half a mil is only less than 2% of $26 mil held up.
Lots of other investment vehicles when one has $26 mil with the fraction of the risk that one can go to without having to deal with all the dtcc, SEC, otc, scammy pinks, etc. bs. A whole lot less money can just buy and promote these scams and make a whole lot more with considerably less risk and a lot easier to do. Shorting with that kind of money is just a fools game, and I would say that anyone with $26 mil hanging around is probably no fool.
Another issue is that now CRWV pps is about a penny which means that a million dollars now needs $250 million held up. Gets ridiculous. Why short interest is at best for any bi-monthly period a few percent of all the trading and no effect as all the naive and promotional fodder wants to portray.
So no, it doesn't make any sense.
It makes sense to me that if I were clever enough to be holding $26 million cash and I could find a way to short 10 million shares of CRWV at $0.10 pps and then get out at $0.05 for a 50% gain on my $1 million initial investment - I'd be happy with my shiny new half mill.
Is that an impossible scenario?
Pretty "thin argument" that anyone can do that this is some real company and not just Pump and Dump scam. GIGANTIC RED FLAGS have been the most documented one practically gets in the POS phony pinks in which this stock has done about everything there is to get into that category.
Just because some "investors" want to ignore all the common sense and only pay attention to some paid promotion pump and company unrealistic fluff PR's without doing any real DD, won't change the enormous red flags that are inundating this stock. There is absolutely no "well documented" anything that can verify what the "company" is claiming or the last of its supporters are desperately trying to cling to and hope for.
The course of any real investing is to "document", verify, and confirm what CRWV (i.e.: the company) is trying to portray, do real diligent CRWV DD. If prospective CRWV “investors” or even traders have some understanding for how the industry, the market, any possible scams that CRWV is part of, (to name a few) it can become clearer what is, is not, and should be in any “documents”. The lack of verifiable, properly organized, legally and industry structured content will create many of those “documented red flags”. Understandably doing real CRWV dd takes more time than just hoping upon hope, clinging to the “down with the ship” or the “three monkey theory” (see no truth, hear no real facts, speak no evil), but it will create awareness and ability to truly analyze the situation that this stock (CRWV) is in.
When the total object of CRWV is to hide as many “facts” as they possibly can, promote outlandish claims, put out sloppy and misleading financial statements, dubious business tactics, “errors” that only should be allowed in high school (not supposedly million dollar companies), phony addresses, etc, its one big problem and one big RED FLAG. The flags never stop with this company; just about everything is a red flag with CRWV. One or two is one thing, but CRWV is practically all of them.
To argue that CRWV is not a “documented red flag” is just folly and will do nothing but statistically incur more losses in the stock.
That's a pretty old article and even then reading the comments at the bottom, it is argued. But a lot of changes have been going on in the last two and half years from when that article came out.
Here's a newer article about TDA switching from Penson to their self clearing brokerage dated Aug 25th, 2011, but there are more updating information on the subject.
http://online.wsj.com/article/BT-CO-20110825-711363.html
The subject may get a little of topic, but the fact that there is a very active change going on with the overall OTC markets, and ones who invest in these cruddy stocks like MDGC are going to find it harder and/or a lot more expensive to trade them. There will be more brokerages following in the footsteps of Penson. It won't stop with just Penson problems.
The fact that stocks such as MDGC are being scrutinized and weeded out in place of probably more reporting standards and enforcement. This will have its problems for MDGC and all pinks, whether they have current information, limited information, or a stop sign.
Your article also didn't mention that beyond finding a broker and shares to short, that one needs a regulatory rule of $2.50 a share in order to short. Makes the risk too much for most in comparison of how much money needs to be tied up. Another reason why MDGC doesn't have any "shorting" problems. Any daily shorting figures are totally worthless and constantly are given for fodder and entertainment purposes, but do not have any real meaningful data. But, on the bi-monthly data, MDGC only had about 1/3 of 1 percent that was actually "short" interest for the last period. So that definitely is a non issue.
I was curious and looking forward to the answers to these questions given. Would be nice to have those things clear.
It's my understanding that even though Aerius refers to you as VP, International Sales, you do not receive any salary or benefits from and that you would only receive compensation based upon commission of actual products sold. However, until or unless Aerius actually has products that you can sell, it's my understanding that you would receive no compensation.
Aerius has never had a product to sell in its entire history so what are your daily duties as the supposed VP of International Sales? It seems you are just a name that Aerius quotes to sound like it has an actually company.
Is my understanding of your role and compensation incorrect?
Do you actually receive current compensation and benefits as a supposed employee of Aerius as you claim?
If so, please explain your compensation. Is it in stock?
The PR announcing your appointment and the Aerius contract with GlobalRepresentation.com: http://ih.advfn.com/p.php?pid=nmona&article=37094785
Maybe something to do with the recent filings of convertible and preferred. The heavy drop sure seems to correlates around the timing of the filings.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=F935ehzn7CYbsbMPJ4T5xA%253d%253d&CorpName=TEXAS+OIL+%26+MINERALS+INC.
No worries, just the US public company is running amuck with putting out phony financials, web page plagiarism, and ruthless promotional dumping of shares up here in the states with no supervision in a nonexistent address with investor’s monies while they are down in Mexico "running the mine" (you bet). Great business people we have here, just the type everyone wants to squander money to. LOL
Wonder if their "full time geologist" has had contact and picking up those big chunks of gold lying around and hob knobbing with Dane while they are "down there".
"He confirmed he was promised to get involved with Dane and is still awaiting his visit in Guadalajara.
So they haven't even had a geologist on the property?"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67426277
Actually you can pick that up at Office Depot or Best Buy, probably even can pick up a deal on EBay or download a free trial. Will depend on what version you want, but one can pick up a version that will do that site for a couple a hundred bucks especially if they shop around. Could even pick up a used version off the net or student bulletin boards for $100 bill.
Lots of cheap and free self help books, classes, or programs that can help one out. Lots of free or cheap templates, and the ability to use simple java and html code, along with just copying and pasting code from other sources. Generally a user friendly program. Personal choices of what one might like better, but thats about it.
As far as that kind of web design talent goes, it's pretty minimal. I see some high school students using it, and the very least, 1st year community colleges. They even have student versions that aren't that bad on the capabilities vs price.
This isn't the matter of proof reading, its the direction and focus of how this CRWV "company" (and I use that loosely) is being directed and maintained. But sure didn't have to hire anyone but maybe the local young web designer. There is literally hundreds of online web-design outfits that do simple websites like CRWV for very minimal cost. It is still "they" are the ones no matter who "they" hired that are directing and are responsible.
Still don't need any Adobe Dreamweaver program for their phony financial statements.
"No, I looked at the source code for it, whomever did the site for Crowne used a macromedia/adobe Dreamweaver template, they didn't do the site themselves they likely had a design/marketing company do it for them. The software that was used is not a cheapie freebie html editor like you think, it's a professional level program and not something you pickup at your local best buy.
It's not an easy application to use, I've used it myself so they had someone build the site for them, guess they should have proofed it better. "
What? According to Ihub trade data, there was 101 trades with only 3 of them being 6 digit in the $1-2k range (and in this business that is not so "big" and far cry from any previous trading action). Thats about 3%, one of the three being a t-trade. Those trades could easily be "someone knowing something" and getting the heck out and selling them.
But also "someone knowing something is coming" and then trading on any privileged information is just another big red flag. Might have the "very soon" part right though, just doesn't look so positive as some might want to portray.
Of course in reality, it may not be any one "someone" at all, just a combination within the trading system.
"From fairly big buys that came in today looks like someone knows something is coming... soon, very soon."
Update: One more t-trade, but nothing big.
The "hogwash" seems to be claims of massive money made here when the bulk of overall trades now are sub-penny with very little liquidity overall. The numbers of the over all P&D indicates that there are a lot more bagholders by far than any money being made at this point. I'd even bet that many didn't take the last opportunity of the mini P&D when they could've gotten around .013 just a week ago with about 3 times the volume and liquidity.
The pps now struggles to get an EOD price that would take now another 48% increase to get back to the last lower high of the overall trend at minimal liquidity. Glad certain retail can make something from the bs, but the majority is only at a loss.
When billions of shares get traded from about .14 down to a penny, that is mostly loss, not much winning. There of course will be some chest beating, air blowing, and big CRWV fish stories, but that is all just part of the P&D process.
No big deal with going ahead and plagiarizing the financial statements while they are at it with misleading and non factual statements. Great job. No one should dare hold CRWV accountable and just make unethical excuses for all of their menagerie of dubious behavior. Since they have no good behavior, I guess that is all CRWV has, bad excuses.
Plagiarizing web sites is one bad thing, CRWV plagiarizing their financial statements is even worse. Nothing good about any of it.
Probably because it's only a couple thousand dollars worth or less of trading and a big fat STOP sign on the pinksheets. Not much to talk about. No oil, no real company, no real trading. Can't expect to much.
Problem is that only a fraction anywhere is buying and that is the true key, volume sucks, liquidity sucks, and only ones "holding" now are "holding" a bag generally for hopes that it might go somewhere close to gaining their losses or break even point.
It's all part of that process of the "the market telling it where to go", which is generally down now. Small amounts of volume spiking it up during particular moments of the day do not indicate anything positive at this point. There used to be 20-30 times the average volume, all one has now is the sound of beating a broken drum over a dead horse's ears trying to frantically hold on to anyone who might want to believe in the fantasy. Due to as even ones who are left come to realization of what this stock truly is, the bids will falter and pps will decrease.
The general overall trend is down. This being "pretty good" really speaks loudly at the degradation and future folly that CRWV possesses and more obvious signs that it is truly one big P&D and heading in the direction that all P&Ds go.
Up looks pretty good now. The market is telling it where to go. That is the true determiner.
It's a fair bet that only a fraction of those who hold CRWV are here at ihub. And they are holding it for a reason, their own reasons.
CRWV is the classic P&D. High volume and the pps plummets down 90% while the major dumping occurs. Then it settles down, lower volume and one will get little promotional want-a-be and mini P&D such as CRWV has had in about the last week.
Hype came about that more hype was going to come about and now the pps is down again mostly sub-penny about where it started (even though there are attempts to manipulate the open and close prices, the bulk of the shares are going lower). I can almost hear the snickering and laughter from some back room of the CRWV virtual office as some paid CRWV paid promoter bellows out "suckers" on that one.
But from this pps position, there might come another little hype, maybe from some ridiculous smelter results, maybe more property with another gazillion dollars of gold, hype of more hype about more hype, who knows. More than likely as the last 7 trading days mini P&D was no where near the big P&D, the next little mini spike will not be as good.
All promotion is for volume and to have liquidity, that harder and harder to find volume is diminishing. Low liquidity or low volume is not a good thing.
Doesn't matter, CRWV still shows the chart of practically every P&D out there. It's not uncommon for the pps to simmer around before the next ledge is fell off of, pretty much expected.
The pps already did over 90% drop in a very short time, the last 8-10% has it's process, but it too will go to trip zero's. Hang around a penny or under for a bit, get some fluff and little spikes going now and then, but generally it will sink, they all do.
Interesting 40 minute video version of Steve Jobs on CNBC Titans air date 6/23/11.
http://www.hulu.com/watch/286110/cnbc-titans-steve-jobs
Good catch there 1manband. CRWV really should have at least got a smarter high school student for their "cut and paste" bs.
I'm sure the SEC would be interested in any connections to Pearl Asian Mining, thats for sure. At the very least CRWV is not just plagiarizing their financial statements, but also seems like they are copying Pearl Asian Mining Industries (ZNXT) previous activities.
SEC SUES ZNEXT MINING AND ITS PRINCIPAL FOR FRAUD AND REGISTRATION VIOLATIONS
http://sec.gov/litigation/litreleases/2009/lr21084.htm
SEC CHARGES PENNY STOCK COMPANY AND CANADIAN CITIZEN WITH ILLEGAL STOCK DISTRIBUTION THROUGH CORPORATE SPINOFFS
http://www.sec.gov/litigation/litreleases/2009/lr21083.htm
That didn't address at all the issues or factors that I brought up. Nor will it be sufficient to qualm any protest. How much interest does the loan industry make, on ones home, business, personal? Is it comparable and what were and are the continued bureaucratic costs of "bailing out" the financial system? What exactly are the expense to income numbers? The fact is that the numbers are still coming in and the bottom line "interest" isn't fully even known. More profitable for who?
The biggest problem is that the masses may be just too fed up at this point when they reach into their pockets and no "interest" comes out, hand is empty. When usually they are thinking about going to work the next day they can't. At the grocery store, the gas station, it's turning into how much "interest" is in buying things.
Many see how easy it was for the financial system or large business to receive that loan, yet they can't buy, sell, or keep a home. It becomes a very mute point in the daily lives of majority about your statement when it's a struggle to just survive and a realization that the monetary system (especially their personal monetary system) has some big problems.
I'm not arguing right or wrong on any protest yet, just bringing up some real issues when the discontented turn into a majority, and "we the people" want something different that is being passed to them. I personally believe that some real change (not just some political hyperbole) is needed. We as a society are on a verge of cliff, and history has taught us that if the majority is put down in a bottom of a ditch and discarded, some sort of massive movement is going to come clawing out of it with anger and frustration.
And good or bad, some change will be initiated.
Of course she didn't discuss what kind of money the banks made on the taxpayers dollars (one school of thought is that the banks shouldn't have made any at all but only allowed to "break even" and survive). But what were the true numbers? How much cost to that "money made" by the taxpayers went to bureaucracy? The fact is that in reality the "bailing out" has not ended. Banks are still defaulting, money is going into legal battles that is coming directly or indirectly from the taxpayers. How can any final "profits" really be calculated for the claims by Ms Burnett?
People may be un-informed, in fact the system likes it that way and encourages it (many times by mis-informing). But maybe that is what this protest is about at this point, just more awareness to the problems that the broken financial and monetary system has created.
When you have high unemployment, more and more people consistently going to a poverty level, no real direction given from the political system other than the same old bs, and a rich and poor gap that is getting larger by the day, something going to give.
The masses are going to strike out at whatever gets in their target sight. They may not know exactly what they are striking at, they just know that they are tired, hungry, neglected, and just fed up with no real means to change those feelings.
Unlike the 60's protest where the public could direct their attention to main causes such as civil rights, the draft, war, these times are much more complex and a lot harder to pin down to one or a few particular causes. But like the 60's protests, it could be possible to create real change and like the civil rights and war movement it only started by a few young students and moved on to including every walk of life and age.
Where this one will go, have to wait and see, but unless the "system" creates a better life for the majority, instill the "American Dream" (whatever that means to one) again, it won't be the last. Human nature is one of the most powerful forces on the planet.
Another article with unions, teachers, and others joining the "movement".
Unions endorse, will join Occupy Wall Street protests
http://www.cnn.com/2011/10/05/politics/occupy-wall-street/
Also articles like this one is going to come about, even though maybe a good thing that banks give some more to help out the taxpayers costs, will be looked at with disdain and solidify protesters.
JP Morgan Funded NYPD Mass Arrests Over 700 Peaceful Occupy Wall Street Protesters
http://www.prisonplanet.com/jp-morgan-funded-nypd-mass-arrests-over-700-peaceful-occupy-wall-street-protesters.html
There is no big deal on any so called smelting results. CRWV can send anything to the smelter, so what, thats not proof of anything. Without verifiable legal and reputable third party reports and confirmation of where and what specifically that sample(s) came from it's of no use other than fodder for more P&D and for ones who only want to do "DD" from PR's and promoters.
There needs to "proof" that CRWV is not a scam, not the other way round.
Proof that the company is not just one of multiple gold scams out there and that their exuberant and highly suspicious PR's are not just a bunch of bs, needs to come from other reputable and verifiable sources, not statements by fluff PR's and promoters of CRWV. Fluff PR's and statements from a highly promoted P&D stock are not proof.
Address given that is not on record with the county tax assessor or postal service is not proof that they are legit. Virtual phone numbers that just are attached to virtual office services are not proof of anything positive. Obvious cut and paste with different fonts and contain statements that are obviously not true in financials and are contradicting at best are not proof that CRWV is on the right path.
When one sees millions of shares dumped and the price plummets down 90% within a couple of weeks is pretty good proof its just a P&D. Then when after the initial dumping is over, some hype comes about that there will be more hype and pumping for more volume and more dumping and creates another mini p&d, is more proof that things are not so positive.
Waiting for smelting results? Thats one big joke in itself.
Here's some interesting points:
That article makes some very good points. The recent explosion of gold stock scams only works if there are enough uninformed (the writer calls them "fools" - I prefer "uninformed" as I hope most of them are capable of learning and not repeating their mistakes) buyers to soak up all the garbage paper pumped and dumped by the scammers.
I do disagree with one of the statements:
Quote:
These gold scams may center on inflated claims regarding the stocks of gold mining companies whose stock value is often based on gold reserves that are difficult to estimate, much less verify
Gold reserves are actually fairly easy to estimate and verify IF they follow the rules. US issuers are required to follow the SEC's Industry Guide 7. Under the regulations, a company can ONLY claim proven gold reserves IF a Bankable Feasibility Study has been completed by qualified and independent consultants. These recent stock scams don't even come close to these standards. They don't even complete 1% of the work that is required, yet they constantly throw around dollar valuations (or "potential" dollar valuations) of the precious metals on their properties which is ALWAYS against US regulations. Its a no-brainer. Anytime a company gives a dollar value of their property, its against the rules.
Yea, CEO's never lie and those pump PR's from "news wire services" are always true. NOT.
All one gets from those so called sources are "trust us, don't look for verified data or truth about us, we can't dump shares that way" and "you want audited financials and no cut and paste copied from elsewhere. Forget about it, that’s not needed, trust us, we’ll hide any inconvenient truth". LOL
And then of course when one asks for verifiable data from a trusted legal source such as real mineral reports, etc, one only gets utter silence, phony addresses, and cheap virtual phone numbers. Of course none of that matters, for CRWV only really relies on people who don’t care about “any other sources”.
Why Occupy Wall Street is More than Just a Protest
Occupy Wall Street protesters work on laptops in Zuccotti Park in New York October 1, 2011.
As Occupy Wall Street enters its third week, some observers might argue that the movement remains feckless. Detractors, both sympathetic and otherwise, continue to argue that the movement lacks a coherent vision for change.
Despite swelling crowds and alarming numbers of protesters arrested by NYPD officers, the protests have still failed to materialize into something with clear, precise aims.
Then again, perhaps clear aims and a coherent vision for change aren’t really the point. As Ned Resnikoff explains, sometimes simply claiming a space can be revolutionary. The Occupy Wall Street movement is “something entirely different and much more important” than merely a protest, Resnikoff writes. It is a “public, counter-establishment communal space.”
“By a communal space, I mean a physical area where members of a community can interact with one another freely and fulfill some kind of common social aim. Examples include churches, union halls, and various kinds of social clubs. These spaces are the soil from which successful movements grow: not only do they mobilize people around a shared set of values, but they also make them available for action predicated on those values. That is why the support of black churches proved indispensable to the civil rights movement. It is also why Chicago’s radical left was able to so effectively organize in the late nineteenth century: socialists and anarchists constructed a vast network of communal spaces, from Socialist Sunday Schools to so-called red saloons. Sure, Chicago leftists organized speeches and protests; but they also organized informal social gatherings, and even dances.
Modern communal spaces have either been co-opted by establishment forces or decimated. Fewer workers in labor unions, to name one important example, means fewer workers talking to one another at the union hall. Plus, outside of the workplace, more and more Americans are bowling alone. Fewer of us attend religious services, and the core that do are more likely to be politically conservative. In place of the old communities these spaces held together, we have autonomous, atomistic individuals. Those needs that used to be met through communal activities — needs like entertainment and spiritual fulfillment — are now more often met through solitary rituals of consumption.
Ned goes on to argue that online activism has been a disappointment, by and large, failing to generate dissent and serving rather as an amplification of protest. The Occupy Wall Street movement, on the other hand, is something of a hybrid of online and real, physical-space dissent. Counter-establishment communal spaces, he writes, “are so thoroughly marginalized that even instituting one has become a radical act.”
Like Resnikoff, I think that even just organizing and maintaining these protests is worthy of praise. The manifestation of #OccupyWallStreet as more than just a hashtag is a real achievement. From incoherence comes relevancy, however messy or disorganized that process may be.
But I also think that in order for this communal space to become something more, to really achieve movement status, the activists will need to establish more than just a permanent outpost. Somehow these activists need to translate the protests and the communal spaces into actual institutions.
Furthermore, the real import of these protests is not the protests themselves but the deep need for solutions outside of the political duopoly and the realm of government. Unions used to be a real bastion of political activism. Now that unions are on the decline, there are few populist outlets remaining. For regular people to have a voice, they need strength in numbers.
The Tea Party understands this all too well. Until recently however, the left had forgotten the importance of solidarity.
Perhaps Wisconsin should be seen as a precursor to Occupy Wall Street, and perhaps Occupy Wall Street is only the beginning. Progressives need to keep looking to civil society to affect change. They need to rebuild the crumbled institutions of the left.
http://www.forbes.com/sites/erikkain/2011/10/03/why-occupy-wall-street-is-more-than-just-a-protest/
The CRWV shell was worth more in pps for the share selling. Could come out of nowhere such as it did and pump from a newer base and get a lot more for the millions of shares dumped. OVWI had already burnt bridges and money and was pretty sour and NO BID or minimal volume at low trips. CRWV was a much better candidate for the P&D. But it will eventually get to the same point as OVWI. It's got a good start at it.
Looking to the banking debacle how about 1/100,000
ACAH (was then anyways)
http://www.reuters.com/article/2009/07/13/idUS188053+13-Jul-2009+BW20090713
But one really has to start adding up ALL the R/S that a company might do and the numbers start to be quite overwhelming and the root of one big problem of the shell share selling business.
Examples of 1/5 Billion comes about.
MCAD (then GBLW)
"1 for 100 Reverse Split on 11/20/06
Now you have 50 Million (50,000,000) shares.
1 for 100 Reverse Split on 05/11/07
Now you have 500 THOUSAND (500,000) shares.
1 for 500 Reverse Split on 08/20/09
Now you have 1 THOUSAND (1,000) shares.
1 for 1000 Reverse Split on 03/17/11
Now you have ONE (1) share.
5,000,000,000 shares of this stock in November 2006 = 1 share today."
http://www.otcmarkets.com/stock/MCDA/company-info
Or even worse
http://www.otcmarkets.com/stock/NYMH/company-info
ARTS did a 1/24,000 about a month before that.
May 2, 2011 is a pretty worthless number for current OS and Float. About as inaccurate as it can get and completely misleading numbers.
About as good as a old chart showing a CBYI mini p&d.
Worth a watch. Seems like the "list" is being updated about every two weeks on the DTCC website.
DTC Issues Explained!
The one link of Mikey's is probably the best of the ones you gave. He has a newer one specifically mentioning the other groups you linked to. This one is well worth the watch and paid attention to.
It seems like the "list" of "CUSIP’s to be exited from CNS and future trades designated trade for trade" from the DTCC website is being updated about every two weeks on that site. And I'm sure brokers know what’s coming more than anyone (even though they may not tell you). Around Oct 15th (14th or 17th?), a new list should be coming. Possible MDGC is being added and brokers know it.
Also could be some other factors mentioned in the video, but no matter it is not a positive when problems arise with trading any certain stock. Just a warning bell is all it is and just adds it to all the other MGDC bells going off and has been going off. Can ignore and hope or pay attention, everyone's choice.
Anyway here's Mikey's newest video on the subject and does give something to talk to one's broker about when inquiring about trading MDGC.
DTC Issues Explained!
Those "chat gnat nuisances" are the bread and butter of a penny scam company. Since that line of media is pretty much the heart of the CRWV stock income, most of the focus is directed to those "nuisances". Not really a matter of "bugs", just the whole "butt", without it, CRWV is and has nothing.
That "luxury" is getting pretty cheap. This company offers a Beverly Hills number that will direct it to one's wife, girlfriend, hired help in the bedroom, car, anywhere for $19.95 with two months free when pay for 10 months.
http://www.americanvoicemail.com/virtualoffice_beverly_hills.html
Of course any "company" or stock scam can step it up a bit and get a live receptionist for under a $100
http://www.davincisuites.com/virtual
And if CRWV wants to go to the real deluxe "luxury" method and not even need to give out phony addresses and mail drops the way they are doing, they can spend a few hundred bucks and even get a place to have "access to our business lounges that offer gourmet coffee and teas"
http://www.virtualofficecenters.com/locations/california/los-angeles-county/virtual-offices-beverly-hills/?gclid=CNmXq5jOyqsCFQx3gwodU0KO0Q
CRWV is opting for the $19.95 special. LOL