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In time, we are all dead
that depends on what the meaning of "short" is... a FTD is not a short sale.
I know many people that work at trading desks, and a few hedgie managers, and they don't waste their time and money paying bashers.
that is 100% correct.
And what does that say about "the masses" if they believe anything on a message board???
BTW, i might not live long enough to watch RB when this starts to run.
the emotion of the masses??? the decline in a stock price takes care of that. And I am well aware of the brutality of the markets. I have made a 20 year career there.
I fully believe "Paid Bashers" are an urban legend created by overly optimistic longs to rationalize bashing, and downturns in the stock. (how could anyone bash my stock? answer: they are paid so that the people that they work for can BUY THE STOCK LOWER).This reinforces the bullish sentiment of the long, and gives the long an easier to rationalize reason for a stocks downturn... What garbage! Paid bashers are just another excuse that some people use for a stock that is undder performing. I first saw that "article" about 6 years ago.
Bashers are generally people who bought the stock, lost $$$, and want to take out their anger on the company that "lost me my money" , again, in this day and age of failure to take responsibility for your own actions, bashing itself, and creating the myth of a paid basher are just another two ways people can rationalize a poor investment decision. Its great, it works for the angry money loser (basher) and the hopelessly optimistic long that cannot rationalize why his/her stock is so far down.
But paid bashing is real. so is Santa Clause, pro wrestling, we will be greated as liberators, and we will disclose the share structure very shortly.
first off , NO short ever "has to" cover, period. If any short position is upside down, whether it is a NS or a legit one, the shorter will either have to come up with more capital to maintain the short, or be bought in. The NSS are no different. If these PBLS guys arent lying through their collective false teeth, what we should hope for is the filing of their financials, followed by a significant gap up in price the morning after. Hopefully, the IR guys will have found enough "real money buyers" (not us goofballs here) to come in with real institutional buying, instead of the whining about naked shorters that Mike Sunshine.... ummm , I mean Mulshine does.
Another thing about naked shorts, they do not just get the money and run off. NO clearing firm would ever allow that. The only way the money gets handed out is if the position is covered, or if the company goes under, and the stock no longer trades, etc. The clearing firms allow the naked shorts if they are in a profit position, if the naked shorts get upside down , they either have to cover, or come up with more $, period. You can create counterfeit shares, you can even create like-cash assets, but no clearing firm is going to give me, or anyone else a few million bucks if I sell shares i cant deliver. they will keep your account credited, though, if you do enough business with them.
The only thing that can cause a real and lasting reversal in the stock is for these good ol' boys who appear to think they are above filing their financials to join the real world and file. They could announce a buy out of XOM and no one would care.
It is very difficult to not be totally frustrated regardless of any announcement. At the very least, the stock lack of performance will show mgt. that all their announcements are totally worthless, and the only thing that matters is becoming a fully reporting company. Even if NSS is to blame, they brought it on themselves by not reporting. To hear them say that there is only a 120 day window to report and then you have to wait another year to report makes them one of three things. 1- poor communicators that gave misleading info. 2) liars, or 3) Total idiots.
DID YOU EVEN READ THAT??? THIS SAYS NOTHING ABOUT WHEN A COMPANY NEEDS TO FILE A 10-K, THIS IS ABOUT AMMENDING A 10-K. NICE TRY THOUGH.
The concern is the statement by the CFO that there is a 120 day window to file a 10-k, and if you miss that window, you must wait a full year. For a company that has made filing their highest priority, such obvious misinformation needs to addressed. There is no such window.
i do appreciate the efforts, and, it brought up a concern that needs to be addressed, or would you rather ignore anything that doesnt reinforce bullish sentiment?
he who looks at everything without a critical eye, loses the money he needs for glasses.
none taken. But I would believe audited financials a bit more than the phrase "buy, buy , buy, then buy some more."
according to the SEC ......
http://www.sec.gov/answers/form10k.htm
what we need for this thing to take off is for PBLS to prove that they have what they say they have, by filing their financials. period.
I highly doubt that there is a 120 day window to file a 10-k, specifically that you would have to wait another full year to file. As far as I know, if you file later than 120 days you are then a late filer and can be delisted for not filing, but that wouldn't be a concern for a non reporting company. Would the SEC know what their "window" is, since the SEC has no idea when PBLS' fiscal year ends? I (and others) should look into this IMMEDIATELY! The SEC should have that answer.
a "special", or one-time dividend is worthless as fas as keeping the NSS's away, the NSS comes back the day after ex-div. the way to do it is a quarterly div, or even a monthly.Make a shortie pay every quarter.
this all makes sense. The suit at least proves they actually do have a sand and gravel operation.
Correct, and any shorts will be debited by the clearing firm.
divideds to cert holders is a no go..
First off, dividends go to ALL SHAREHOLDERS OF RECORD... If there are shorts, the shorts are responsible for paying the dividend. To give only cert holders a dividend would give the fails to deliver no reason to cover, since they would not have to pay the dividend. If there are 800 million shares issued and out, but there are 1.3 billion shareholders of record, for example, there would be, by definition, 500 million fails to deliver in the system. These fails would be debited by their broker/dealer on ex div. day. Failure to do so would open a can of worms that could be the begining of the end for this NSS BS. It is my belief that if PLBS does not give a dividend, it would give me reason to believe that they are complicit in the NSS of PBLS.
The real reason to give a quarterly CASH dividend (no worthless stock dividends, no warrants, no stock splits, no other PAPER bs) is to make it cost the fails to delivers.. if they want to continue, let them know it is not free.
Look, there NSS are in this to make money. It has been pretty easy for them, and if it starts to cost them REAL CASH, they might just take their ball and go home.