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Way less than 10%, Phil.
LOL!
LOL! RB has new owners, dude.
http://www.esignal.com/company/pressrelease/2006/pr_060306.asp
Your approach is quite wise. With these kind of stocks, Reagan's old adage of 'trust but verify' doesn't work. It's prudent to verify first.
Do you know that the number of shares outstanding might have something to do with the price? What was the OS when this trash was .42? It was never $9 under Cortellazzi's management, and there was a 1:1200 reverse split. Touting historical prices without disclosing the dilution is misleading.
As I recall, when Cortellazzi acquired the shell it was manipulated up to as high as .70 very briefly. There were something like 20 or 30MM shares outstanding at the time. Cortellazzi gave away CSJJ shares to CDVJ shareholders as a dividend--restricted for a year. Actually, he screwed up the procedures and had to do it twice. This doubled the OS to something like 50-60MM shares. From there, he issued billions of shares without once following through on the promises in his press releases.
Sorry to interrupt your fantasy, but...well, you know.
LOL!
Just catching up? HQSM is a toxic financier's dream stock being promoted heavily by professional touts like Market Advisors.
I'll ask again if anyone here has contacted Vallee to see if he's awakened yet. LOL!
What 'stake'? I've never owned any of Cortellazzi's scam stocks; and I never would even consider buying 'em.
Not trying to 'save' you, dude. I just can't abide scams or those who promote 'em.
Sarcasm doesn't work very well in this medium.
Don't worry your pointed little head about my posting habits. How long does it take to post a message anyway?
I'm not here to 'save' you from your own greed. I simply can't abide criminals and those who tout their stocks.
This one will not 'run' because that's not what Cortellazzi wants. I'm convinced he's using stock for money laundering and his profile increases too much if he allows a run.
Fools like you have been anticipating that CSJJ will behave like other more traditional scams for a long, long time now. All Cortellazzi wants is volume. Everything he releases is a lie.
That's of course what Cortellazzi wants you to think. I've not seen anyone contact Vallee for confirmation. Cortellazzi isn't beyond conning someone in order to use their name. President of the FUTURE audit committee?
Haven't you fools seen enough cycles of .0001-.0002 massive volume to see the pattern yet? Has anyone here ever been able to sell at .0002?
This is a scam, pure and simple.
ROTFLMAO!!!!
It's hilarious to see you stucks pretending this isn't a complete and utter scam.
Why would you expect something like that, IB? This one is going to be Cortellazzi's downfall. The 'excuse' he's offered is totally bogus, just like all the rest of his scenarios. Don't forget that this is a guy who set up a phony Montessori school--collected fees from parents who found an empty locked building when they brought their kids on opening day.
This is shampoo instructions applied to stock fraud...
Lather, rinse, repeat.
Cortellazzi now gets to dangle the notion of a split or some other sucker-bait for a few more weeks while continuing to trade hundreds of millions of shares--probably laundering loonies into shekels.
Short position? ROTFL!!!
What kind of short position is there on a stock that trades at .0001-.0002? How greedy would you have to be with a short position that you haven't covered by now?
You do realize that you must have equity of $2.50/share ($.50/share in Canada) to short stocks under $5? So to short a million shares at .0002 and make a maximum of $200, you would need to have $2.5MM in your account. Hmmmm....
Actually, that's a rather simpleminded view of a much more complex scenario. Firstly, what you see as .0001 or .0002 can easily be .00011 or .000175--there are six digits of resolution to the right of the decimal, but only four are displayed on t+s or L2. (I'm not 100% sure but believe it's rounded not truncated.) Next, much of the action with this stock is very likely Cortellazzi himself moving shares between nominee accounts. The price isn't important, only the volume and shuffle. Think money laundering and all of the apparent trading here makes perfect sense.
It's not likely that the fs will happen at all, Tanner. There has been no notice of the split on the Daily List--a required procedure. Furthermore, to effect the split, the company must authorize enough shares. The current authorization is still 'only' five billion. In round numbers, they need 600 billion.
Why has nobody considered the effect of splitting a stock that trades at one or two hundredths of a cent? The lowest price that can be quoted is .000001.
Bottom line? This is yet another Cortellazzian ploy to separate the naive and the foolish from their money.
It never happened.
Are they worth the trouble of having the restriction removed? At best, there were only about 40MM CSJJ shares issued as CDVJ dividends. At .0001 the entire distribution is only worth $4000.
You can have the restriction removed if you have your broker contact the company's transfer agent. Depending on the brokerage, they may charge a fee for this. It might be worth trying just to see what happens. Keep all correspondence and the restriction can't be removed, send a complaint to the SEC.
I've not seen a post on any message board that talks about a successful lifting of the restriction. I suppose that most don't think the few dollars that selling the shares would bring is worth the hassle.
LOL! You are indeed gullible, UPY.
That database consists of information posted by seekers of venture capital. That the database was last updated in April doesn't mean the Vetdermal record is a recent entry.
I showed you where to get the actual corporate documents pertaining to Vetdermal, and you are quoting an old promotional 'tear sheet'.
If the Alberta guy is named for an automobile, then he posted on Raging Bull as fannysyouraunt. His alias was zapped for spamming his website services and he now posts as dot433.
http://ragingbull.lycos.com/mboard/memalias.cgi?member=dot433
He may have posed as a major shareholder, but he's really just a small-time stuck who relentlessly pumped this trash, and actually knows very little.
That Vetdermal information is bogus.
It is a British company, and was about to be stricken from the corporate rolls for non-compliance. At the last minute, the striking-off action was suspended and the shell changed hands from one suspicious accounting firm to another.
You can purchase all the gory details here:
http://www.ukdata.com/numbers/05061668.html
The question that lingers of course is did Cortellazzi launder $2MM with this ersatz deal?
That's because you're more familiar with the poster's style; and because you live and breathe sarcasm. It's your real faith, preacher. You probably envision Christ as he was scourged shouting, "Ahhh, that's it. A little higher and to the left on the next stroke."
So, preacher, was this sarcasm...
But I have been argumentative on the boards long enough. It is time to become a peace maker. I am committed to it.
http://ragingbull.lycos.com/mboard/boards.cgi?board=GZFX&read=242499
...or do we also need an indicator for hypocrisy ?
Sarcasm isn't communicated very well in this medium, preacher. It depends on cues from inflection and gesture, both of which are difficult to express in textual form. I've occasionally (and somewhat sarcastically) suggested that there should be some kind of indicator which can substitute for gesture/inflection to ensure that sarcasm is properly understood. Maybe something like this...
<sarcastic>Hey preacher, did you lose weight?</sarcastic>
LOL!
Didn't read that post, preacher...
...and I'm not really very interested in what you have to say. Based on the post I did read, you seemed to be very confused about how your PennyFever alias kept reappearing, so I thought that I'd explain.
Anyway, it's not about you. What's happening with Cetek other than stealthy dilution?
I think that investing with no facts is much more ignorant, blackrock. Can you refute anything I've posted by quoting verifiable facts?
I didn't think so.
By the way, I don't give any advice here. You'll never see me post that you should buy or sell. I'll tell you that Cortellazzi is a crook and that the purported forward split is absurd because it would result in the issuance of 120 times the current number of authorized shares; but what you do with this information is not of any interest to me.
Regardless of where you got the idea...
...it's ridiculous. Name some message boards that are owned by marketmakers. IHUB? SI? RB? MW? Yahoo?
You are very confused as usual, preacher...
On IHUB, you have a log-on account name AND an alias which may or may not be the same. In your case, your account name is roundmot, but your alias is PennyFever. Visit your profile page and this will become clear.
http://www.investorshub.com/boards/edit_profile.asp
Good luck, Rickapple...
...but I do think your rationale is somewhat flawed. One should never make investing decisions (to buy OR sell) based upon message board posts.
Does anyone still believe that CSJJ is a legitimate company, or even that it's a good momo play? How many times have you now seen insane high volume with no price movement? How many false and/or misleading news releases or paid promotion does it take to convince you that this is a scam?
You rang?
You're doing a great job here, Miami. I haven't been following this one lately. Is anything new or is it the same old stealthy dilution gambit?
I saw the itinerant preacher posting on the RB GZFX board that it's his 'understanding that the MMs actually own many of the boards'. Where does he get this nonsense? LOL!
By the way, it's David Hannum, not Dave Hunnan. The old horse-trader is not famous for his cynical golden rule as well as his comment on the birthrate of suckers...
"Do unto others as they would like to do unto you, and--do it fust [sic]."
Actually, Hannum is just part of a grand saga in American history that is the archetype of the present upstate NY scam--that of The Cardiff Giant. Scott Tribble's Harvard honors thesis is fascinating study of the scam's echoes in the 'American consciousness' and it's followed by a host of references to other Cardiff Giant material:
http://www.stribble.com/cardiffgiant/default.php
Malloy- Here's the reference that indicates that quotes may be entered at prices under .0001:
Accordingly, NASD is proposing a rule change that would prohibit members from displaying, ranking, or accepting a bid, offer, order, or indication of interest in any non-Nasdaq OTC equity security in any quotation medium priced in an increment smaller than $0.01 if such bid, offer, order, or indication of interest is priced equal to or greater than $1.00 per share. In addition, members also would be prohibited from displaying, ranking, or accepting a bid, offer, order, or indication of interest in any non-Nasdaq OTC Equity Security priced in an increment smaller than $0.0001 if such bid, offer, order, or indication of interest is priced equal to or greater than $0.01 per share and less than $1.00 per share. This is consistent with the sub-penny requirements in Regulation NMS. However, unlike Regulation NMS, members would not be prohibited from displaying, ranking, or accepting a bid, offer, order, or indication of interest in any non-Nasdaq OTC equity security priced in an increment smaller than $0.0001 if such bid, offer, order, or indication of interest is priced less than $0.01 per share. This reflects the fact that it is not uncommon for non-Nasdaq OTC equity securities to trade at prices below $0.01, and the proposal is not intended to restrict quoting or trading of such securities.
http://www.sec.gov/rules/sro/nasd/34-52280.pdf
I have no personal knowledge of brokers who trade this way, but it's not illegal. The reason that most don't is that their automated systems can't handle it. I first became aware of trading in these sub-.0001 increments when the testimony in the CMKX affair was published.
I'll try (perhaps this evening) to find a link for you to the proposed new NASD rule which would limit quotations to .0001 increments. Trading in smaller increments is discussed there.
One of the original Tirex scammers gets his (ahem) due...
http://www.newsday.com/news/local/longisland/ny-bzgold0518,0,3156259.story?coll=ny-linews-headlines
... possibly the stiffest sentence for a nonviolent, white-collar crime in the history of the U.S. District Court for the Eastern District -- 14 years in prison.
You don't get it, do you?
It's not going to happen. The entire notion of a FS for this fecalith is ridiculous.
Don't fret over the split. It's not going to happen anyway, just as none of the events in previous CSJJ releases have occurred.
BTW: Technically, the lowest price which can be quoted is .000001--yes, six digits to the right of the decimal. Electronic systems can't handle this however and limit the resolution of trades to .0001. A NASD rule is pending SEC approval to change the lower limit to .0001.
Also, the six digit resolution is how stocks seem to trade at .0001 through hundreds of millions of shares. A trade at .00011 will print just like a trade at .00009--as .0001. Most online brokers won't trade stocks lower than .0001 and certainly not online. However, the scammers find (ahem) cooperative brokers who will trade in the miniscule increments.
The forward split is impossible with the current share structure. CSJJ has an authorized of 5BB and close to 4BB outstanding. 600BB shares would be required for the split, and of course they wouldn't be registered. Aside from the need to increase the company's authorized to accomodate the outrageous number of shares, I doubt that ANY state, even Nevada, would approve such an event under their blue sky laws.
As usual, this forward split gambit is nothing but sucker-bait.
dk- Tirex is trading on a grey market, so there are no marketmakers bidding for their own account. All quotes originate with clients. This is an important distinction, and it is the very reason that grey market stocks are so easily manipulated (in either direction).
There's an amusing letter from 'Trashie' on the Tirex website, disclaiming any knowledge of the recent price/volume. The letter speculates on the cause and takes a couple of pulls on the old pump handle. LOL!
Foggy- I took a quick glance and gave you a few indications that it may be somewhat less than legitimate; but I haven't done any serious investigating, nor am I presently inclined to do so. If you're touting it, that's another indication. LOL! Good luck anyway.
Foggy- Follow the thread, dude. I was discussing the stock you asked about--nnvc; but the same basic question does indeed apply to CSJJ. LOL!