Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
fraud by definition is the act of putting out to the public false and misleading information. shall we discuss the financial statements made vs. actual revenues? Shall we discuss the disclosure of a new CEO? shall I go on?
because I am special?
How many others you speak of have met with the FBI, SEC OIG, a few members of Congress, a few state regulators, and did a stint on CNBC discussing this issue not because I was always right but because I did my homework and researched it.
Did you know that the FTD data is now public after I filed over 500 FOIA's for it and started long before most?
Now if you want to discuss how the trade reporting works, I am all ears. I am sure I can blow you away with the truth vs. your fiction.
That would be me.....
I guess you missed my point.. oh well.
how many market makers trade the stock and where are the accounts of all the retail holders? if you can't match your buying with a MM that is your broker, consider it a routed trade. and if that is the case in buying it is also a case in selling.
sorry if the way trades are reported are confusing.
Dan...The times have changed have they not? Regulations changed and enforcement actions taken. if you want to deny that the issue never existed you would be wrong.
As for this issue, I would also say that many companies used this as a venue to commit fraud internally which is why I did not discuss many companies specifically. Was I 100% correct? Nope. But if you say it was never an issue I will guarantee I am more correct than you.
Do you think today's market trades like it did in 2004?
Sorry guys but if you are looking for valuable metrics on short sales, looking at the “Short Volume” report is the wrong place to look. This is a report of all “marked” short sales in a given day but many of those shorts are not originated by a short seller but a long seller. Let me explain:
If you are a long and want to sell, you place your order with your broker-dealer (BD), if that BD is not a market maker in that stock they route your trade to a market maker for execution. Let’s use 100,000 shares as the example.
Because the market maker does not want to get stuck with a loss or any shares, they go into the market and execute 9 separate orders at 10,000 shares each. They do so by selling first (short sale) and then turn around and buy the exact same quantity from your BD to close out their position and settle the trade. Since the MM sold in the media market (the one you see) but bought in a non-media market since it was the second leg of the single order, only the short sale is reported to the system. This is called a riskless principle trade.
Notice I said they executed qty. 9 10,000 share trades. The industry set up this process to insure that the market maker is not stuck with the shares. If the MM had to buy the stock first to trade it, they would own 100,000 shares but was only able to execute 90,000 at the price offered. They would be stuck with a 10,000 share investment they do not want. This riskless principle rule allows them to sell what they can and buy the same amount back to cover the trade.
Bottom Line: Much of the short volume number represents routed trades and not short sales. This comes from the regulators I speak to but can be backed by the fact that almost 50% of all trades are represented in this volume regardless of the stock trading.
If you are looking for short sales, go to the bi-monthly short interest report and monitor the FTD report posted by the SEC.
good luck to the loon...LMAO
Apparently this latest missive to the court is expected to result in change. The petitioner is following the script of a few others after the cat was out of the bag and the criminals identified. In fact, I believe this individual was an investor in many.
Note to investors: If your investment is based on a NSS on a pinkie, be prepared to be disappointed.
no revenues.
nope...the 50 million figure was was provided by conspiracy theorists not facts.
they like to get minimal product at discount prices. what margin does exph have on their limited products and what exactly are these products?
Calling management to get answers is fruitless.
EVERY con job out there has investors like you that were speaking with management and were being lied to. We can all look back on those experiences and learn from them. When the SEC takes down such companies they clearly state how management lied and misled investors. Good DD is sifting thru their lies and finding the truth.
Here at EXPH the level of lies have surfaced to unacceptable levels. Making excuse after excuse does not make the lie a truth.
those who did their DD .. know exactly the
sequence of events that created *volatility*
and impact for the following months (2010)
Good luck
good luck...
so fourkids, SPNG was a company with a product in stores, executives you saw as men of integrity, and a conspiracy of market making and short selling abuses. I wonder, hasn't the events of Spongetech been a lesson in understanding how what is seen and believed is not always the truth?
fully agree. these men are con men and it is sad that people still trust them. It is a phenom that is repetitive across the pinkies as lies are believed and facts and evidence is ignored.
You mean like all the other lack of filings coming out of this company. LMAO
It would be the new Officers (Rainbolt) that would be responsible. He signed off on the Dec. 2009 financials and is now responsible for all past delinquencies. Two of these periods of delinquency take place under Rainbolts leadership. As for Ault, Ault can no longer sign off on anything related to ZLUS so I guess it all is about Rainbolt. If you disagree, I am all ears.
BTW...to be current would require both audited and unaudited financials to be completed.
As it pertains to end of month as opposed to 60 days from notice, I doubt you will be good even EOM. And since Rainbolt is not out at the operation site and neither are the bookkeepers, there is no solid excuse as to why nothing has been filed since August. If Rainbolt could get December 2009 out just months after he took over, why hasn't he been able to spion out any others since? it is not like this was a revenue powerhouse Q1/Q2 2010.
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of CoreStream Energy, Inc., formerly known
as Zealous, Inc. (the "Company") on Form 10-K for the period ending December
31, 2009 as filed with the Securities and Exchange Commission on the date
hereof (the "Report"), Chris Rainbolt, Chief Executive and Primary Financial
Officer of the Company, do certify, pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his
knowledge:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d)
of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.
Dated: August 18, 2010
-----------------------
By: /s/ Chris Rainbolt
Its: Chief Executive and Primary Financial Officer
</TEXT>
yea but I get lost when I have to factor in *intercepted* trades and dull saw blades.
..as I said they have not sold any shares..
Fourkids, are you insinuating that people are still shorting the stock here? If you are, please run the numbers for me and let me know how they profit from that strategy.
any idea when they plan on reporting actual sales? These executives have yet to run a penny stock that has revenues outside of self-serving contracts from affiliate company's they control.
The company is a year late in their filings. The last filing had here was in August 2010 representing QE December 2009. According to a December 22 press release the company stated that they would be current within 60 days of the PR (or February 22, 2011).
have you seen and/or purchased an EXPH product?
stock manipulation this week - really? How? Are you still in belief that short sellers are abusing this stock at $0.0001? Really? how do they profit?
I was just at a Lowes and did not see anything. got a link?
if 500 Million is not 10% what really is the 0/S? By my math, 500 million X 10 = 5 Billion but that is just my calculator. maybe somebody else has a better one.
well if JD told you it must be true. he is the ...er....what is he anyway? he is not the CEO.
Somebody is shorting a $0.0001 PIG. Wow. What exactly is there to gain, $0.0001!!!! The only way to win is business closure and it seems like that is such a variable it is a huge risk considering the dilution machine these guys are.
You need to understand how it works.
Nobody comes into a situation like this and allows current shareholders to take any type of a significant stake in any new business. What would any new business have in terms of interest in old shareholders?
to recover your investment (now a bankrupt company with negative assets) a new business owner would have to come in and take this market up 1000-fold or more. Considering the number of shares issued and outstanding that would be a billion dollar enterprise and companies of that size go IPO and don't take on shareholders sitting in a mess.
and they are legitimate (defined by
me as .. having a plant with equipment/
actual employees/products manufactured
and customers who *return* consistently)
i believe in mgmt's integrity
filling out a form correctly is hardly the same as lying about share ownership. If the filing says 10% are you saying it was a lie or filed incorrectly. if filed incorrectly can you explain how a simple calculation of ownership can be mishandled.
This is getting beyond *IMO* at this stage.
How to file a complaint with the SEC:
The best complaints are complaints where you are specific. The SEC wants specifics they can act upon and not emotional rants. These are penny stocks and the SEC knows that many people invest naively.
1. Detail how you came into this investment. Use dates, individuals, press releases, etc…to address how you were first brought into the investment. Use links if available.
2. If there were other materials that kept you in the investment or enticed you to invest more – detail them
Bottom line, these first two items present to the SEC why you invested and what kept you as an investor. Close this section out by identifying how much you have lost to date.
3. Lay out why you think this was fraud and not just a bad investment. This usually requires lies, deceipt, contradictions etc…for example:
* BEDA Transfer Agent now accused by the company of fraud was a Transfer Agent they created – conflict of interest.
* BEDA purchased TMH as an operational business in press releases touting contracts owned, but in a delinquent filing called it dormant before they changed that language touting contracts. Now they call it non-operational again. The misleading representation was fraud to entice people to buy.
* BEDA put out a filing disclosing fraud by the TA and then accepted those illegal shares into their O/S placing injury upon the shareholders. If these shares were illegally sold thru fraud shareholders should not pay the price.
* BEDA recent did a name change and a Reverse Split without prior notice to the shareholders. Why were shareholders not proxied on this as they hold more than 50% of the shares?
To file you go to the SEC web site and file thru the on-line complaint. You can draft your complaint in a word document and attach it at the end of your complaint. Fill in the various blocks with an abridged version of complaint and then reference the attached document for a more substantive explanation. You should likewise take that same word document and sent it via e-mail to DFW@sec.gov
The best complaint are less emotional rant and more logical explanation as to why you invested and why you think you were defrauded. Give the SEC something to work with so give them examples of contradictions and misleading representations made by the company. Remember, on pinksheets.com they have copies of the filings made including the versions they changed.
So you can't do an audit in a nice warm office because of the mud? The accountant and the auditor are not on site and my bet is neither is rainbolt and his clan as non-operating owners.
CoreStream Energy Sells Zealous Interactive
Posted December 22, 2010
IRVING, TX -- CoreStream Energy, Inc. (PINKSHEETS: ZLUS) f/k/a Zealous, Inc. announced today that it has entered an agreement to sell Zealous Interactive, Inc. including its premier site, TheAdultSpot.com to a private equity group. The deal does include all of the online assets and content along with TheGreekTrader.com, a site the company has incubated over time and features over 500,000 items for sale. Further details of the deal will be disclosed during the week of January 3, 2011.
CoreStream Energy is moving forward to continue to divest itself of all non-energy assets and liabilities and is pleased with the deal to sell Zealous Interactive and its assets. CoreStream Energy looks forward to 2011 with its efforts to reallocate its resources and its pursuit of core business opportunities. During 2010 CoreStream has slowly succeeded in negotiating with its creditors and investors and resolving legacy issues. CoreStream is pleased to inform its shareholders of its progress with the calendar year-end imminent. CoreStream has continued to secure financing due to this progress and the restored confidence in the company's ability to restructure itself and develop new opportunities and strategic alliances.
CoreStream Energy also announced that is currently working on its 2010 financial reporting and should be in full compliance within the next 60 days. The Company is confident it will remain compliant in the future.
uhhh not to act like a teacher but covering a short entails "buying" and any forced cover means buying at what sellers are willing to sell for. the offer sat at $0.0001 today so it was easy to cover if one wanted to.
not free but...if filings raise PPS in a stock dumping company it is worth it to pay to get this done. EXPH is selling shares to pay expenses and it is worth it to pay to get filings in order to get this POS off $0.0001 if you plan on selling more shares. Not exactly rocket science.
and after the pump from the PR the stock has been in a perpetual dump and corporate silence.
wow...the excuses still fly.
I want a real explanation as to why the new CEO has not been announced. So far NOTHING stated makes sense. if this individual works for the company already what exactly is he/she waiting for? We hear that the individual will not take over until the financials are firmed up but....isn't the CEO the guy responsible for that and wouldn't the CEO want to be the man in charge to get it done in a manner he wants?
why leave the clean up to people you consider incompetent because ---- if they were competent it would be done already.