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where are the mods? this board is too important..
to leave mod-less. seeing as though this is down 82.5% since coming off the suspension, I would think that those in contact with JP and those who mod this board would be here night and day to get the information out and monitor the board for false info,,,etc.
dan
great post sandvet....
i will also want to partake in any action concerning losses i have if class action is involved. i believed the PR'ed contracts and share buybacks, etc....i also sold when i felt it was not on the up and up.
i do feel lucky....i sold at .015!....much better than were it is now!
thanks sandvet. i am not going away either.
Dan
i understand shmolty....
i do that every now and again....
where is RedCloud? eom
shmolton....sorry to see you leave the ass. position.
i barely knew you!....you will remain around?
Dan
kermit...i understand, and agree.
righty...we had our moments...
against each other...i know you don't like me, or my opinions/posts etc.
i understand.... i agree with this post. BUT I also believe that Mr. Skolnik is not the guy some believe him to be. I don't think he is telling the whole story,...i don't believe anything he says......
That, IMO, is why I believe the official order put out by the SEC.
now, as for the pr's and such....that is the notch under some a-hole's belt to show his constituants that work is being done IMO....
that's my story
i'm with ya righty....
i am taking this road, because everyone seems to want to focus on the spam angle and not the official SEC order. that is all. the rest, IMO is FUD, as you so call it.
i am glad the strong group has this covered. good job
laclede....sure...
you are right...this has nothing to do with the official order specifically listing the reasons for the EQBM suspension, and everything to do with this PR.
Apparently, the SEC is playing games. They don't seem to care about the investors and are looking out for the shorts, IMO.
The official ORDER is just a ruse, and the PR is fact.
with that said..YES I am calling into question their own PR's
JR, good point.....
i am going to call Mr. Daly as soon as I get a chance....
That is out of both sides of their mouths, unless he misspoke.
Offically, the only documents that the SEC as a whole put out in regards to EQBM for this suspension were the two i posted.
I do think Mr. Daly is inaccurate, unless he can provide official SEC documentation to contradict the SEC's earlier claim.
Dan
JR,
I have no beef with you.
here is the SEC OFFICAL release:
http://www.sec.gov/litigation/suspensions/2007/34-55420.pdf
The Commission ordered these trading suspensions because of questions that have arisen regarding the adequacy and accuracy of publicly disseminated information concerning among other things: (1) the companies’ assets, (2) the companies’ business operations,
(3) the companies’ current financial condition, and/or (4) financing arrangements involving the issuance of the companies’ shares.
this is the OFFICIAL order:
http://www.sec.gov/litigation/suspensions/2007/34-55420-o.pdf
Equitable Mining Corp. is a Wyoming company with offices in Toronto,
Ontario. Questions have arisen regarding the adequacy and accuracy of press
releases concerning the company’s assets.
Jr....there are no other OFFICAL versions. These are the versions that apply. That is that.
Dan
retail investors cannot do anything....
to get this back on the pinks....only EQBM the company, and MM's, including Pink sheets can do something.
i will try to find the link from the SEC...
about questioning the company first. I am saying that the SEC must have contacted the agents of EQBM, ie. Skolnik, about their PR's and assets. Now, you are refering to the suspension being initiated without warning. You are correct, Mr. Skolnik most likely had NO idea that it was going to happen. The suspension is the issue that is NOT warned about.
I know this has nothing to do with the SPAM, because the SEC has told us why, and it was not spam. Where did you get that idea that this was suspended for Spam?
Dan
i would say that...
they are not looking out for current investors, because they are viewed, IMO, as already damaged and there is no repair. But they ARE worried about unsuspecting potential investors and newbies being brought into these companies NOW. It is too bad that they could not help current investors. I guess they have to wait until they get enough complaints and ambiguous answers from the company to suspend it..
In my previous experience with other suspended companies, the SEC DOES contact the company for answers FIRST, and if they do not get a satisfactory response, they suspend it, to investigate further. The SEC does not arbitrarily suspend company stock trading based on mere complaints, they would have contacted Mr. Skolnik before the suspension.
sklein...i think it depends on the....
broker...
i use both scottrade and ameritrade...
during the CKYS debacle, I wanted to answer this very question for someone, and called scottrade. i was told that i had to call if i wanted to trade it.
i did not ask ameritrade.
Mr. Righty...
my experience tells me that it will open at the price of .006 after suspension starts, but that IMMEDIATELY it can do whatever it wants, based on buy and sell orders being put in from retailers. Your broker will find someone to match your trade with, and execute. There will be no MMs, as you have stated previously, and therefore there will be no Bid and Ask. Trades will go through slowly, and price will fluctuate dramatically.
Example....i was watching CKYS before, during, and after suspension....it got suspended at .02 about a month and a half ago. it came off suspension and immediately dropped to .015.....it then proceeded to trade from .01 to .02 for a few days after......mainly hovering around .015. today, right now, it is at .004...it was JUST .002, but then a trade went through doubling its PPS.
you can expect big swings as you have mentioned. many on that board were told by the CEO that it will NOT open grey, but it did, and still is on the grey sheets. MM's will have to review the financial situation AFTER the suspension is lifted, which automatically makes it open grey.
Good luck. Hope all turns out well for you.
LoL..i get where you are going...
HUNDREDS of MILLIONS
i find it funny that on CNN just now...
during Paula Zahn Now, they mentioned the SEC halt on the 35 companies in "operation spamalot"
that is funny.
wacky..a few links for you..
from Pinksheets.com
SEC Suspension
The SEC can suspend a stock from trading for up to ten trading days when it serves the public interest and will protect investors. The SEC will act when it believes public information about a company is not current, accurate, or adequate. For stocks that trade in the OTC or the over-the-counter market, quotation does not automatically resume when a suspension ends. (The OTC market includes the OTC Bulletin Board® and the Pink Sheets.) After a suspension, SEC regulations require a broker-dealer to review information about a company before publishing a proprietary quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a proprietary quote for the company's stock. However broker - dealers may publish quotes representing an unsolicited customer order.
Other OTC
Or otherwise known as the "Grey Market" is the trading of a security that is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Other OTC trades are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since Other OTC securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
http://www.pinksheets.com/glossary.jsp#otherotc
yes..thanks..link to SEC...
trading suspension Q -n- A
http://www.sec.gov/answers/tradingsuspension.htm
it is a fact. i will find links. eom.
Ed, I have made this point to many on these boards...some listen, most don't. the information from people like you, PDC, Jim, Janice and others is invaluable to newbies and others that do not follow pink land closely.
I don't think that the EQBM mods get it at this point. i will say that i DO think Kermit gets it though. he came into the EQBM mod position late in the game, after JRDIG7 left his post.
how about that mass suspensions!...
people must be hitting the SEC hard with complaints...
Dan
Jim....wow...
the board nazi's over at EQBM 86'ed my thank you post to you. There is nothing but jibberish going on all day on that board, since there is NOTHING more to talk about until Lehat decides to inform his shareholders, then the stock gets suspended......
so now it is time to delete posts and inform all of us of TOU violations....that is a joke.
Anyway, thank you for all the information in the past that you have provided us concerning the history of many stocks.....you have personally saved my wife and me a great deal of money with your insight.
Dan
no..forget it....
just a joke about the "next week" being the mantra here for some time. sorry for the poor joke
next week...imo. eom
EDIT: if anyone is interested....
i just did my taxes....and i bought this 9 times this year, and sold it 4 times......
overall, i took a loss....of $803.00
hey, good luck man...
i have been around since before the Divy was a twinkle in the eyes of shareholders....you need some testimony as wittness....i am there..
i guess i don't...eom
it is not often....
that, when a group of message board longs start to talk about class action lawsuits/litigation of any kind, the follow-through is rarely achieved. I have been down this road and since I did not lose enough to take it seriously, I balked. There are some that are still taking it to the CEO of the company I invested in, but not in a class action mode.
The longs here have really shown will power and perhaps this will be the group that will lead the charge. Good luck all, and I hope you do. This action will expose a lot in terms of who did what and when.
Dan
he saw what is left of my portfolio....
after the beginning of the year shelling it took, and freaked!
i don't want it to go lower...
and i will not buy it.
kermit,
i am not trying to be all "doom and gloom". this can and most likely will go up.....some time. the question is, do we as retailers want to put our faith in a pink sheet stock for an unknown amount of time, waiting for a run? and, if a run comes, will we just sell? heck, we can look around pink sheets and find more interesting stocks to get into...
unless we are assuming that this one specifically, is a keeper for years. Then, who cares about the share price for the immediate future, when longevity is what matters....as long as you have the shares, stop watching and in 10 years, revisit your position....if pure "investing for the long term" is the goal.
thanks Jim.....
i wish some would have listened to more experienced investors that reside right here on IHUB.
that does not mean that a pump cannot happen, where some can make a profit, but that if these retail shareholders continue to "buy" then only thing that can happen is for the stock to crash.
repost from EQBM: newbies read
In my experience...
I have found that when there is direct contact with a pink sheet company's CEO by pink sheet retail investors, especially when the CEO is insulated from any obligation and responsibility for his/her words to said retail investor, the news that we all expect that was provided during that conversation is not exactly what we are given, if provided at all.
Deals? What deals? The deals that are vague and inconsistent?
Point being, if you want to hold the CEO accountable for his/her actions, you must have it put down in writing, or in a taped conversation that the CEO knows is being recorded. We must use the official company records, and when we see 3 million in admin costs on an unaudited financial, we should not take the word of the CEO in an insulated phone conversation where there is no accountability for the CEO's words.
It is a hard lesson to learn. The CEO in EQBM's case, kept shareholders hanging on for just a bit longer, each time, so IMO, he can trade his company shares against the outstanding shares of the retail investors. This is what many companies do. It is not fact that EQBM did exactly this, it is my opinion.
The best thing that can happen to the CEO is to have retail shareholders buying up the float, and arguing against eachother in the classic, "basher/pumper" fight. As shareholders turn to their convictions against other anomynous posters and say, "tomorrow, I buy more cheapies" (and do), the company in many instances, sells their shares. And since, in many cases, the TA is gagged, we will never know.
This is pink sheets. This is how things happen. The trick is, to find the moment when the CEO goes for a pump....it happens. But, now that many retailers are just sitting and waiting for said pump, it is not in the CEO's interest to pump it up, because the purpose of the company's pump is to sell their shares into your buys. But, right now in EQBM, if there is a pump by the company, the CEO KNOWS that there will be many more sells and the CEO will not be able to dump his shares.
So goes the circle of investing.....now, here is the scenario that could very well play out here, IMO.
Many shareholders sell their remaining shares in disgust. Enough shareholders have sold to make it in the interest of the CEO to pump it to get a new group of faithful longs into his stock. Because the message boards went dead, also in disgust, the new group get hold of it and starts to talk nicely about the company and some call the CEO. Then, as if magically out of thin air, a HUGE PR comes out claiming something like a great mining find, or an acquisition deal, and the previous shareholders that sold for a loss, get angry that they sold and blame the posters that "bashed" the stock in the past.
There it is, in a nutshell. This is why I always told some that I enjoyed talking to, to let the board go quiet, stop buying for paint, and for "cheapies", and please stop making direct contact with the CEO.
Dan
In my experience...
I have found that when there is direct contact with a pink sheet company's CEO by pink sheet retail investors, especially when the CEO is insulated from any obligation and responsibility for his/her words to said retail investor, the news that we all expect that was provided during that conversation is not exactly what we are given, if provided at all.
Deals? What deals? The deals that are vague and inconsistent?
Point being, if you want to hold the CEO accountable for his/her actions, you must have it put down in writing, or in a taped conversation that the CEO knows is being recorded. We must use the official company records, and when we see 3 million in admin costs on an unaudited financial, we should not take the word of the CEO in an insulated phone conversation where there is no accountability for the CEO's words.
It is a hard lesson to learn. The CEO in EQBM's case, kept shareholders hanging on for just a bit longer, each time, so IMO, he can trade his company shares against the outstanding shares of the retail investors. This is what many companies do. It is not fact that EQBM did exactly this, it is my opinion.
The best thing that can happen to the CEO is to have retail shareholders buying up the float, and arguing against eachother in the classic, "basher/pumper" fight. As shareholders turn to their convictions against other anomynous posters and say, "tomorrow, I buy more cheapies" (and do), the company in many instances, sells their shares. And since, in many cases, the TA is gagged, we will never know.
This is pink sheets. This is how things happen. The trick is, to find the moment when the CEO goes for a pump....it happens. But, now that many retailers are just sitting and waiting for said pump, it is not in the CEO's interest to pump it up, because the purpose of the company's pump is to sell their shares into your buys. But, right now in EQBM, if there is a pump by the company, the CEO KNOWS that there will be many more sells and the CEO will not be able to dump his shares.
So goes the circle of investing.....now, here is the scenario that could very well play out here, IMO.
Many shareholders sell their remaining shares in disgust. Enough shareholders have sold to make it in the interest of the CEO to pump it to get a new group of faithful longs into his stock. Because the message boards went dead, also in disgust, the new group get hold of it and starts to talk nicely about the company and some call the CEO. Then, as if magically out of thin air, a HUGE PR comes out claiming something like a great mining find, or an acquisition deal, and the previous shareholders that sold for a loss, get angry that they sold and blame the posters that "bashed" the stock in the past.
There it is, in a nutshell. This is why I always told some that I enjoyed talking to, to let the board go quiet, stop buying for paint, and for "cheapies", and please stop making direct contact with the CEO.
Dan
ya...."don't get it twisted."...
in it to win it....
LoL
fools
D
34% down?...who would be selling this...
or buying it for that matter. i know i would hear about it if it was on the street......this is on little to no one's radar.
oh.....hows the flute? eom
bonds and gold?...lol and oil....