is dough makin!!!
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THIS FILING SPEAKS VOLUMES:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=17190
No it means the issuer "yields" current position and moves on as a fully reporting issuer.
It also mean that statements like this:
"Other backers and supporters of this buyback and share purchase are Peter Woo, Investors Line, Xiang Family Trust, Corporate Bank PLC."
...are verified and validated.
Entra mi casa!
In Germany trading at even higher price:
Bid/Ask 0.007 : 0.006 €
http://deutsche-boerse.com/dbag/dispatch/de/isg/gdb_navigation/home?1387331949=&wp=US60901P1084&foldertype=_Equi&module=InOverview_Equi
ASK 0.007 BID 0.0041
Just wait for the ads campaign. It will help the PPS 'fly' Just my 2c.
You said:
EFGO RS'ed to MONA
MONA didn't R/Sed
You're speaking of R/S, reverse split never occurred in MONA. There was no reverse split nor will happen in (the nearest) future.
In what situations? The buyback is the REAL thing, the fat buys volume as of these days comprises mostly of the shares bought back. We'll be reading it in the next filings.
Why are you so hard up to your dumpulation theory? These guys are making money. Within the last month the chart has gone wild and so has the PPS. And you're speaking of some dumpulation. I'm making some money here!!
You have just answered your question partially:
THEY create the large volume buys that turn the charts in to positive territory
How can THEY control buys if THEY are not buying? If the majority creates fat buy volume it is a clear indicator that BUYOUT IS OCCURRING.
Insider manipulation? Sorry to say but shorters have been manipulating pennies for awhile and waaayyy too harder than any company would even do. Now if this was not just a temporary ban.
GO MONA!
That's an official part of the story. How many times did we witness even more spread between bid and ask? Sitting on it and then sell at 30% or more.
SEC bans short-selling
WASHINGTON - The Securities and Exchange Commission took the dramatic step early Friday of temporarily banning the routine practice of betting against company stocks.
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The move, announced on the agency's Web site, may well be unprecedented and a reflection of regulators' concern about the widening scope of the financial crisis as entreaties come from all quarters to stem a swarm of short-selling.
In the announcement, the commission said it was acting in concert with the U.K. Financial Services Authority in taking emergency action to "prohibit short selling in financial companies" to protect the integrity of the securities market and boost investor confidence.
"The commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets," SEC chairman Christopher Cox said in a statement. "The emergency order temporarily banning short-selling of financial stocks will restore equilibrium to markets."
The move, he said, would not be necessary in a well-functioning market and is only a temporary step that is part of the actions being taken by the Federal Reserve, the Treasury and Congress.
A recent wave of the market maneuvers — where traders seek to profit by selling unowned shares of companies in the anticipation their prices will drop — has been blamed in part for the demise of venerable investment firm Lehman Brothers and other big companies.
Cox, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke held a closed-door meeting Thursday night with members of Congress.
The SEC said its action calls a time-out to aggressive short-selling in financial stocks and said it would consider measures to address short-selling in other publicly traded companies.
Short-selling, in a normal market, contributes to efficiency while adding liquidity to the markets. But now, the SEC said, it appears that "unbridled" short-selling was contributing to the sudden price declines in the securities of financial institutions.
On Wednesday, New York Sens. Charles Schumer and Hillary Clinton, both Democrats, appealed to the SEC for such a temporary ban, saying the watchdog agency "has the power to take a temporary but important step to help restore a measure of stability to our financial markets."
The California Public Employees' Retirement System, the nation's largest pension fund, said that starting Thursday it is no longer lending out shares of Goldman Sachs Group Inc. and Morgan Stanley, joining a growing number of public pension funds that are attempting to curb short-selling of two investment banks' stocks.
http://news.yahoo.com/s/ap/20080919/ap_on_go_ot/sec_short_selling
Don't you think that now if it would be proven that 3rd parties compensated to post false information, twist facts, mislead people etc. to drive MONA PPS down, it is immoral and illegal?
This is a real company and I know they fully understand which direction is the company going in. The more they change their business plans the better they understand what's good and what's not. IMO this is the right move for MONA being a business incubator doing corporate financing.
As a reminder here's a sample from Trader's nation conversation:
Question:
Can you describe the new business model, and how that might affect Monarc shareholders?
Answer:
The new business model is something of a hybrid, of a SPAC or a Special Purpose Acquisition Company, taking parts of a traditional business incubator and marrying it with a consultancy to take companies public. We have realized one of the core competencies we have developed within Monarc, is the process of taking private companies public, providing growth opportunities to help them forward their business, and once they are ready to spread their wings, we can spin them off individually to generate their own long-term success.
As each company is spun off, our shareholders will, in turn, be rewarded with equity in the new companies. As such, Monarc is not a traditional business – we are in the business of providing the knowledge, experience and capabilities to bring deserving companies into the public forum, and share in their success once they are in a position to go it alone.
One of the key lessons we learned in the past year, is that we don’t want to place our efforts in unproven companies. We have been very fortunate in the very recent past to have a number of excellent acquisition opportunities. This includes our most recent announcements of regarding the Chinese based oil company, Hubei Chuguan Industry Co.Ltd , and most recently, MCD, a very well established and successful Chinese based direct marketing company active in 18 countries worldwide. Both of these companies have several million dollars in assets and revenues. These are real companies with real assets, revenues and a true small and midcap companies that are able to stand alone on an exchange such as OTCBB or even AMEX for example.
WOW!! looks like someone's buying MONA in great amounts:
http://ih.advfn.com/p.php?pid=trades&cb=1221755238&symbol=NO^MONA
It might be the company buying shares back, I wouldn't be the least surprised.
So we should see the positive uptrend tomorrow for sure (way too many buys over sells)
When the news blitz ads program starts we'll be having a run once more.
GO MONA!
How about a little of this:
“We have realized one of the core competencies we have developed within MonArc, is the process of taking proven private companies public, providing growth opportunities to help them forward their business, and once they are ready to spread their wings, we can spin them off individually to generate their own long-term success”.
or:
One of the key lessons we learned in the past year, is that we don’t want to place our efforts in unproven companies”.
This sounds like an AWESOME business model!!!
GO MONA!!!
source:
http://www.monacorporation.com/company.html
I'm hearing some of the IR and the management board were negotiating in China and Europe and this is due that news blitz start date was prolonged for a couple of days. It's all good. Watch for ads by the end of the week or on Monday.
No wonder I will hear one day Ms Dong Mei is Canadian and is male. You will prove yourself right once more.
It also says the whole market was swollen down to nothing.
no, date: September 17, 2008 2:02 PM ET
Says: MonArc Corp
(MONA:XETRA Level 1)
LAST €0.15 EUR = $21c
Try in English, if they don't understand they will most likely forward your call to someone who does. I've had similar situations with non-native English speakers in Europe.
They are IR not for retailors but for work on a corporate level. No reason to raise more alarm.
They are IR not for retailors but for work on a corporate level.
Good work, keep up with good work merki.
Wayne R that's exactly what I meant - put them to treasury instead if retiring them thus not changing O/S:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32203160
I see that he cannot disclose any further insider info, but that's OK, will be most likely in PR soon.
I spoke to the IR yesterday, he said he had hard time hearing me and asked for my e-mail. Later on, I got a reply with the same answer regarding the news, merger and the share price. All is well! HKBV will be rocking in October.
Correct, I said the O/S remained unchanged after a buyback occurred.
You said they could have bought at .007 and sold at .02. Nothing has changed/disturbed share structure since a buyback.
Outstanding shares remain unchanged, so nobody did sell some.
Correct Bigdogs,
wouldn't Mr. Oppenheimer be concerned in case he had nothing to do with his name on the filing? That's the proof.
I'm making my decision on good running stocks, and MONA is the winner! MONA price is the key and I saw that buyback hel[ed it stay on top. More buyback (or should I say uptrend) is due.
GO MONA!!
LOL noone can stop the party going on, watch out for the news tomorrow!! Buyback + divvies + spin off...IMO!!
Take it either way, the shares were bought back and returned to treasury. Don't you think you've had enough proof or just want to discuss from the beginning? It helped the price climb up and the price is yet to ramp up. 48 millions more on the way.
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