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That info is out-of-date. Initially, the SHO list did not include non-reporting companies. Way back in April 2005, all OTC stocks were added to the threshold security list.
If you scroll down here http://www.nasdaqtrader.com/aspx/regsho.aspx, the ones w/ "u" under "Market Category" are pinkies or greys. For example, PDVP is listed. That one never got past the registration phase and hasn't filed any reports since April 1999. http://pinksheets.com/quote/filings.jsp?symbol=pdvp
Short interest and SHO are different beasts. What I posted there was the Dec short interest which reflects total short positions including NSS. SHO on the other hand is a daily tracker for stocks w/ failures to deliver (which includes NSS) equal to or above 0.5% of their outstanding for five consecutive days. PYPR is not listed.
Ticker changed to SGEG. They corrected the error later.
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=OTCBB&d=12/28/2006
ALL broker-dealers report total short positions to NASD. The amounts include NSS.
Short Interest for December 2006
Short Interest 38,409
Percent Change 123.76
Average Daily Share Volume 74,192,712
Days to Cover 1.00
http://www.otcbb.com/asp/OTCE_Short_Interest_popup.asp?Symbol=pypr&StlmtDt=12/15/2006
No problem w/ NSS here in Dec or the previous months.
No problem. "We" can identify you as the opposite -- a pumper clown.
You don't seem to understand. It's too late now. If a short wanted to avoid the divvy mess, he would have had to cover three days before record date. Because the CEO went outside the system, the government and courts won't help to enforce delivery. Since PYPR is not on the SHO list, the FTD total is pretty low. Short interest figures will be released next week.
Shorts love CEOs like this joker. The only protection you have against them right now is the extremely low share price.
i dont think any covering will happen untill it is absolutely neccesary.
Shorts don't have to cover. Chances of enforcing delivery from any short on this type of divvy is zero or very close to it.
gumpy, who is your stock registered with right now? The SEC revoked CMKX' registration. I assume you know having stock listed in company and TA records does not equate to it being registered. So in your mind, which other government entity here overrode the SEC's action and is maintaining an effective registration on your stock?
THOSE shares do not come under the jurisdiction of the S E C and we can call them anything we wish .. registered, unregistered, toilet paper or anything. The S E C has no jurisdiction over us.
Sure, they do. The SEC has jurisdiction over ALL securities including those in private companies. Fed regs though were written to require less from private companies w/ a tiny shareholder base. Section 5, section 15, and some others apply to them. All these companies fall under state laws too.
If you're a private company and have more than 500 shareholders, you're supposed to do something
Yup, register its stock and start filing financials. If assets are above $10M I think, a company has do this when they reach 300 shareholders.
Private sales between two consenting parties should be okay. What's illegal is the transaction brokering and using the internet, phone, postal service, etc to negotiate sales.
Everyone wants to know what Knabb sold and can you prove it with SEC filings?
Companies don't break out individual sales in their SEC filings. They report aggregated totals. Back in SWOMI's day, he sold dial-up internet service and webpage design to locals in the Myrtle Beach area. Hotels offered wireless internet service for a fee to their guests. Annual revenues generated can be seen in audited 10Ks back then. Here's one: http://sec.gov/Archives/edgar/data/1060967/000110801702000309/bif10k.htm
As for today, if you don't want to include AMAX then go to a 10K prior to that acquisition. Annual revenues reported came from whatever they were peddling at the time.
http://sec.gov/Archives/edgar/data/1126752/000116415005000252/pwc-10ksba_06302005.txt
I'll give you an example of a real customer of theirs. When this PR was released last year, http://www.wireless-industry-news.com/20050709/pegasus_wireless_brings_home_a_little_closer_to_the_t... friend of mine contacted the Iowa Army National Guard. An Army LTC confirmed the named Specialist worked for the 234th, and the National Guard had purchased some OTC Wireless products which were used in Iraq. If I remember correctly, the LTC said that letter was actually sent over six months prior to the PR's date.
I'm not claiming J is a great businessman. To the contrary, IMO he lacks the skills to grow a company from a tiny operation to something large. Probably the only way he knows how to grow his company larger is by acquiring someone else's.
Show me with Durland as well.
I've never run across Durland before. From the little I've read about him, he appears to be a shell peddler.
Wrong! NASD Rule 3360 covers short interest reporting. The monthly report is compiled from records on short positions not shares borrowed. It includes naked shorts.
Rule 3360. Short-Interest Reporting
(a) Each member shall maintain a record of total "short" positions in all customer and proprietary firm accounts in OTC Equity Securities, securities listed on a national securities exchange and not otherwise reported to another self-regulatory organization and shall regularly report such information to NASD in such a manner as may be prescribed by NASD. Reports shall be made as of the close of the settlement date designated by NASD. Reports shall be received by NASD no later than the second business day after the reporting settlement date designated by NASD.
(b) For purposes of this Rule:
(1) "short" positions to be reported are those resulting from "short sales" as that term is defined in SEC Rule 200 of Regulation SHO, with the exception of positions that meet the requirements of Subsections (e)(1), (6), (7), (8), and (10) of SEC Rule 10a-1 adopted under the Act;
(2) the term "customer" includes a broker-dealer; and
(3) the term "OTC Equity Securities" shall mean any equity security that is not listed on The Nasdaq Stock Market or a national securities exchange.
http://nasd.complinet.com/nasd/display/display.html?rbid=1189&record_id=1159006729&highlight...
SEC Rule 200:
1. The term short sale shall mean any sale of a security which the seller does not own or any sale which is consummated by the delivery of a security borrowed by, or for the account of, the seller.
http://www.law.uc.edu/CCL/regSHO/rule200.html
SEC Rule 10a-1: http://www.law.uc.edu/CCL/34ActRls/rule10a-1.html
Info posted for others' benefit. I don't expect you will ever learn.
Yes, ALL CMKX stock including yours is unregistered. The status changed when the SEC revoked its registration.
It's illegal for him (or anyone) to broker transactions for other people unless he's a registered broker. AFAIK, he's not.
IMO a private sale between two people should be okay as long as they don't use the postal system or any interstate commerce communications (ie no internet, email, phone, tv, radio, etc) to facilitate it. Section 5 applies: http://www.law.uc.edu/CCL/33Act/sec5.html
If Petronella is your next door neighbor, I think you would be okay walking to her house and negotiating a private sale of your certs. From what I've read, this isn't what Deli is doing. IMO he's not only breaking section 5 but also section 15 http://www.law.uc.edu/CCL/34Act/sec15.html and some others. It's illegal to broker transactions on securities for other people unless you're a registered broker. AFAIK, he's not.
How do you know Deli's shares are unregistered?
Because the SEC revoked CMKX' registration. Don't you remember?
IMO CMKX' stock won't trade again in the US until insiders file their delinquent financials w/ the SEC. Assuming all 50M** ETGMF shares are distributed pro rata to everyone some day, you'll be entitled to 71 shares. At today's current price, this amount is only worth ~$16.35.
50,000,000 ETGMF / 703,518,875,000 CMKX = .000071
.00007107 x 1,000,000 CMKX = 71.07 ETGMF
71.07 ETGMF x .23/sh = $16.35
Have you considered having your broker declare them worthless and move on? If there's nothing else in that IRA account, I think you can close it and take the tax loss.
** The 50M was reduced but I can't find the new number in my notes.
There's a big difference in saying a product does not exist as opposed to it lacks claimed capabilities. Hotels where SWOMI was installed offered the service to their visitors. I guess in your mind that still means it never existed and wasn't operational. There were several reasons SWOMI didn't go anywhere, one of which was due to J's exaggeration on its capabilities but the product did exist. If WiJet.e (aka CYNALYNX) was actually demo'd, then that one exists as well.
The fact is -- nothing Knabb has ever touched has made money -- it has never sold. He has never sold anything that existed. Knabb HAS sold a LOT of non-existent ideas though -- that we know for a fact.
This is another lie. I don't care if you want to bash this company and its insiders. Lacing your posts w/ outright lies like here throws your entire credibility right out the door.
OBOs would only get the divvy if the company uses brokers for distribution.
A company must treat all shareholders equally otherwise those discriminated can sue. OBOs cannot be forced to hand over their personal information.
What happens to the OBOs? The system won't give their names and addresses to the company. Those shareholders are entitled to the divvy too.
You may be eligible to collect a distribution: http://www.worldcomvictimtrust.com/ . It's not much but at least enough to have a good dinner.
Caravelle Hotel, Caravelle Towers, St. Johns Hotel, St. Clements Hotel, Sea Island Resort, Tropical Shores, Sands Resorts, and some others. There was also a system installed at BIFS HQ in Sarasota Florida.
This stuff occurred six years ago. Current hotel employees may not remember or have been around back then. If I recall correctly, I think at least some were issued stock and/or given huge discounts as an incentive to allow installation in their buildings. As I said before, J liked to exaggerate on its capabilities. I agree he did not invent WiFi.
If you really want to know about J back then, see if you can reach Al Keyser. He and J did not part as friends. This period of time is probably burned in his brain. He may chew your ear off on things that were never made public. Yellow pages show BIFS number as: 941-343-9300. Not sure if that's current.
I haven't followed that particular story. If it's like some of these other offenders, it's probably going in the pockets of S-8 recipients. Unless you can dig up something to show a company is violating some federal law, the SEC is powerless.
You might have better success complaining to Congress to enact a law limiting r/s or reporting them to the IRS for possible tax evasion. If the latter turns out true, the IRS will pay out a percentage of what's recovered to the informant(s).
Waste of time. SEC can't do anything because there's currently no federal law banning or limiting multiple r/s.
Rule 10b-17 applies: http://www.law.uc.edu/CCL/34ActRls/rule10b-17.html
Since it's kind of an oddball, I guess there's always a chance they might let it slide.
Acer is correct. However, the daily list still does not show the divvy. Unless the company notifies NASD, Wed won't be the record date.
Thanks. Didn't know about the first link.
They have a domain name. Site isn't up yet. http://whois.domaintools.com/panamersa.com
Someone reserved this name: https://esos.state.nv.us/SoSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=ezlnAbR2ef2rarRwzw3A1g%253d%253d
You're still spouting historical revisionism. SWOMI existed and was opertational in some Myrtle Beach hotels.
Wouldn't look too good if the plaintiff (Urbie) pleaded the fifth on all depo questions. Who knows why he filed this lawsuit. Any good criminal attorney will tell his client to keep his mouth shut.
I posted proof w/ links to counter this argument the other day.
Never said NSS doesn't occur. What's a broken record is every time one of these over hyped pennies has a price drop some group automatically attribute the fall to naked shorting. None of these people ever provide real proof to back up their claim.
MMs can't legally make a market in unsolicited pinkies. It's matched trades only. Could be someone dumping. That happens quite often when you see a CEO on a pumping campaign.
Price usually rises when shorts cover. This could be someone dumping, profit taking, and/or cutting losses. After a stock runs up quickly, it's quite normal to see a big retrace. These unsolicited pinkies can have some really ugly retraces because MMs can't legally prop up the price by using their own accounts.
Brokers do this periodically. TDA though seems to do it more frequently than the others. One time a customer asked for TDA's entire restriction list. What he posted was pretty long.
I think all the discount brokers have a provision in their Terms of Service where they can deny trades. Customers agree to it when opening an account.
They probably have other customers besides TDA.
PYPR trades as an unsolicited pinkie. MMs can't legally make a market on their own in this type of stock. When you see an MM on the bid or ask, they're supposed to be displaying real customer orders.
If TDA decides to suspend buying, this has no bearing on other broker-dealers.
What is the daily limit for buyback?
Rule 10b-18 provides a company and its affiliates w/ a "safe harbor" from liability for manipulation during a buyback. Under this rule, the total purchase volume on any single day must not exceed 25% of the stock's four-week average daily trading volume (ADTV). Once a week though, they can make one block purchase if no other rule 10b-18 purchases are made that day and the amount is not used to calculate the ADTV.
PYPR's microforest program supposedly allows someone to help conserve the tropical forests. Receiving a PDR divvy symbolizes you helped not that you personally own the land's title.
I think it's kinda like making a contribution to the National Park Foundation to preserve national parks within the US. A ranger can point to a patch of land and say your money will go towards planting trees there. You don't own the land and won't be the only contributor to it. In this example, an American can take a tax deduction while IMO he can't legally do so under PYPR's microforest program.