All posts are my opinion and are informational only. Investing in anything I post about is at you own financial risk!
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Here is a link to the shorts that failed to deliver on time. Just type in SPNG and hit big chart. You will see, the shorting increased during 2008 leading into 2009. The spike to 28 cents may have had some covering involved and the second covering could be much stronger with the fundamental news coming in stronger and stronger. 8)
http://www.failstodeliver.com/Default.aspx
Dude this will go KABOOM when SPNG hits the Walmart shelves. They would need millions of sponges just to have some inventory to put on the shelves. We will be generating over $20 million a month in revenue at that point which is just around the corner IMO. 8)
NXCO related news out tonight. This is right up their ally:
By STEVE KARNOWSKI, Associated Press Writer Steve Karnowski, Associated Press Writer – 1 hr 43 mins ago
MINNEAPOLIS – A replay of the nation's only file-sharing case to go to trial has ended with the same result — a Minnesota woman was found to have violated music copyrights and must pay huge damages to the recording industry.
A federal jury ruled Thursday that Jammie Thomas-Rasset willfully violated the copyrights on 24 songs, and awarded recording companies $1.92 million, or $80,000 per song.
Thomas-Rasset's second trial actually turned out worse for her. When a different federal jury heard her case in 2007, it hit Thomas-Rasset with a $222,000 judgment.
The new trial was ordered after the judge in the case decided he had erred in giving jury instructions.
Thomas-Rasset sat glumly with her chin in hand as she heard the jury's finding of willful infringement, which increased the potential penalty. She raised her eyebrows in surprise when the jury's penalty of $80,000 per song was read.
Outside the courtroom, she called the $1.92 million figure "kind of ridiculous" but expressed resignation over the decision.
"There's no way they're ever going to get that," said Thomas-Rasset, a 32-year-old mother of four from the central Minnesota city of Brainerd. "I'm a mom, limited means, so I'm not going to worry about it now."
Her attorney, Kiwi Camara, said he was surprised by the size of the judgment. He said it suggested that jurors didn't believe Thomas-Rasset's denials of illegal file-sharing, and that they were angry with her.
Camara said he and his client hadn't decided whether to appeal or pursue the Recording Industry Association of America's settlement overtures.
Cara Duckworth, a spokeswoman for the RIAA, said the industry remains willing to settle. She refused to name a figure, but acknowledged Thomas-Rasset had been given the chance to settle for $3,000 to $5,000 earlier in the case.
"Since Day One we have been willing to settle this case and we remain willing to do so," Duckworth said.
In closing arguments earlier Thursday, attorneys for both sides disputed what the evidence showed.
An attorney for the recording industry, Tim Reynolds, said the "greater weight of the evidence" showed that Thomas-Rasset was responsible for the illegal file-sharing that took place on her computer. He urged jurors to hold her accountable to deter others from a practice he said has significantly harmed the people who bring music to everyone.
Defense attorney Joe Sibley said the music companies failed to prove allegations that Thomas-Rasset gave away songs by Gloria Estefan, Sheryl Crow, Green Day, Journey and others.
"Only Jammie Thomas's computer was linked to illegal file-sharing on Kazaa," Sibley said. "They couldn't put a face behind the computer."
Sibley urged jurors not to ruin Thomas-Rasset's life with a debt she could never pay. Under federal law, the jury could have awarded up to $150,000 per song.
U.S. District Judge Michael Davis, who heard the first lawsuit in 2007, ordered up a new trial after deciding he had erred in instructions to the jurors. The first time, he said the companies didn't have to prove anyone downloaded the copyrighted songs she allegedly made available. Davis later concluded the law requires that actual distribution be shown.
His jury instructions this time framed the issues somewhat differently. He didn't explicitly define distribution but said the acts of downloading copyrighted sound recordings or distributing them to other users on peer-to-peer networks like Kazaa, without a license from the owners, are copyright violations.
This case was the only one of more than 30,000 similar lawsuits to make it all the way to trial. The vast majority of people targeted by the music industry had settled for about $3,500 each. The recording industry has said it stopped filing such lawsuits last August and is instead now working with Internet service providers to fight the worst offenders.
In testimony this week, Thomas-Rasset denied she shared any songs. On Wednesday, the self-described "huge music fan" raised the possibility for the first time in the long-running case that her children or ex-husband might have done it. The defense did not provide any evidence, though, that any of them had shared the files.
The recording companies accused Thomas-Rasset of offering 1,700 songs on Kazaa as of February 2005, before the company became a legal music subscription service following a settlement with entertainment companies. For simplicity's sake the music industry tried to prove only 24 infringements.
Reynolds argued Thursday that the evidence clearly pointed to Thomas-Rasset as the person who made the songs available on Kazaa under the screen name "tereastarr." It's the same nickname she acknowledged having used for years for her e-mail and several other computer accounts, including her MySpace page.
Reynolds said the copyright security company MediaSentry traced the files offered by "tereastarr" on Kazaa to Thomas-Rasset's Internet Protocol address — the online equivalent of a street address — and to her modem.
He said MediaSentry downloaded a sample of them from the shared directory on her computer. That's an important point, given Davis' new instructions to jurors.
Although the plaintiffs weren't able to prove that anyone but MediaSentry downloaded songs off her computer because Kazaa kept no such records, Reynolds told the jury it's only logical that many users had downloaded songs offered through her computer because that's what Kazaa was there for.
Sibley argued it would have made no sense for Thomas-Rasset to use the name "tereastarr" to do anything illegal, given that she had used it widely for several years.
He also portrayed the defendant as one of the few people brave enough to stand up to the recording industry, and he warned jurors that they could also find themselves accused on the basis of weak evidence if their computers are ever linked to illegal file-sharing.
"They are going to come at you like they came at 'tereastarr,'" he said.
Steve Marks, executive vice president and general counsel of the Recording Industry Association of America, estimated earlier this week that only a few hundred of the lawsuits remain unresolved and that fewer than 10 defendants were actively fighting them.
The companies that sued Thomas-Rasset are subsidiaries of all four major recording companies, Warner Music Group Corp., Vivendi SA's Universal Music Group, EMI Group PLC and Sony Corp.'s Sony Music Entertainment.
The recording industry has blamed online piracy for declines in music sales, although other factors include the rise of legal music sales online, which emphasize buying individual tracks rather than full albums.
NXCO Buy Confirmed!
NXCO 6/16/09
NEXICON INC
Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 06.10.2009 (6) days ago, when the stock price was 0.0280. Since then NXCO has gained 128.57% .
BUY-IF is confirmed by a white candlestick with a lower open and a higher close. The buying price is the previous close ( 0.0600 ) according to the Rules of Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion.
The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
We hope that you bought this stock and still have the chance to profit from the later phase of the bullish attack. Today your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=NXCO&MarketTicker=OTC&TYP=S
8)
Cardoc, I agree. If NXCO is behind the American Most Wanted news then this could be huge. I went to the website and it seems they are trying to keep anonymous the technology behind all of this although it does sound like NXCO. looks good. 8)
Clay, what do you think after todays trading. Looks like it settled tight at the resistance you pointed out. Maybe thats healthy but wanted to get your take on this if you have a chance. TIA.
Thanks Clay. Appreciate the chart.
Do a little DD on GOVX. They are testing an aids vaccine and will be at the main event next week in Atlanta. 8)
GOVX analysis please. I have been in for years and its starting to bubble. TIA
GOVX,put me down for next week! ding ding ding.
Thanks Soapy, Good points and appreciate the analysis and we shall see how she pans out 8)
Soapy, could you give me an update on DTMG from here. You were pretty much right on last week and it retraced upward and may be setting up for the next leg up later this week. Would love your opinion, Thanks.
thanks soapy
Thanks GB
DTMG Chart please. TIA
DTMG chart please. TIA
Golden Crossover for DTMG is Sweeeet!!
DB, I am here and IN!!!!!! I am just sitting back and watching this thing move and feeling really good about our prospects. To be honest, I think quiet is a good sign. 8)
Hope all is well with you and have a great weekend.
DTMG is an OTC fully reporting company and always has been.No pinky here. 8)
Please, chart request for DTMG and any technical commentary appeciated. Thank you.
Someone please post the DTMG chart. TIA!
Love the board. DTMG, anyone watching this one. Chart is looking sweet and next leg up is coming. 8)
He said they were working with 3 of the big six. Also said the financials would be released next qtr.
Braden, at .003 and .004 it will also be a great buy? Wasn't it a great buy at .05? Ask 5*, I think he was selling around that great buy of a nickle you were posting about months ago. Know what you own and look at the SEC filings for the proof. This loses money consisitently, burns through all the equity and is cash poor. Sales Q3 08 were down from Q3 07 and thats in the filings. The minority stuckholders are hurting dude while you folks keep saying it a buy..........WTF LOL Hehe
Always doubles? Then gets cut in quarters. LOL Cargo you always announce your buys but no sales just like Braden. lol Even funnier, 5* tells us he sold at a nickle but not until after it falls below 2 cents. You Mods Rsumthinels. 8)
Luvin, he has been adding all the way down since a dime. LOL These guys always announce their buys but never the sells. WUNDAWHY? hehehehe
1/2 penney on deck, then lower imo. 8)
Sellers? Where are the buyers? L2 now has the bid at .0063 down from the day B4 .007 . Going sub 1/2 penney this week IMO. 8)
No I think the ask is really .0085. That will be confirmed right after 9:30 am EST tomorrow. I dought the bid moves at all on the open. You could see this settle down below 1/2 a penney as soon as this week IMO. You can see in the charts that this is breaking down (no buys and sells will pick up with some tax planning kicking in) Best of luck Carg!
Level 2 looks horrible. Copi closed with one bid at .007 followed by one bid at .0049 then only 1 at .003. This is as bad as I have seen it and with December coming it could get worse IMO. Double freakin YIKES!!!!!!!!!!!!!!!
Guardian, he thinks its still coming LOL. Well maybe someday hethinks. 8) The stock is in the crapper as all the billions of call counts amounted to less revenues than last year. Year over year revenues are down, year over year expenses up and fully diluted shares exploding exponentially from last year. Not a good formula to the astute investor and these details are in the companies own filings. 8) LOL
Stock down 23% after earnings released. YIKEs I think the public at large is beginning to say that they dont care about whats coming down the pike anymore. I mean we keep hearing about how next qtr will be better but when the sec filings come out the facts are clear that revenues are not increasing, expenses are increasing, fully dilutive shares are increasing, cash is decreasing, equity decreases until they sell more shares. You get the picture? I think the reality check is in and the stock may tick up here and there but overall this is in the midst of the next leg down IMO as it has underperformed versus the great expectations we here over and over again here. 8)
Mokyo, all the hype about the call counts increasing by billions obviously was way over blown. The proof is in the SEC filings with the headlines of revenues down and losses up. How can that positive. What a shame. 8)
Wonder who sold at less than 1/2 penney before the Q3 results? Seems like someone may have known the results were not going to be good again. Makes you wonder????????????????
8`)
It will likely get cheaper. The headline is revenues decline and losses up since a year ago. I told you this might be what we get for Q3. Its like Deja Vu with the qtrly's around here over an over again. 8)
"Revenues for the three months ended September 30, 2008, decreased $28,548 or
5.6% to $480,642 as compared with revenues of $509,190 for the corresponding
period in 2007. This decrease in revenues was mainly attributable to lower
revenues from the Company's principal product, TeleBlock(R). We believe certain
industries within the Company's current customer base have contracted due to the
current economic environment."
YIKES!!!!!!!!!!!!!!!!!!!!!!!!! How bad will the contracttion be? Where are the new customers? Are customers now leaving? How much more equity do we need? Cargo please do you know?
You talk about a business plan? What the heck is the plan, when was it put in place and what have they accomplished? I remember seeing in the last qtrly that they were changing their strategy AGAIN! I guess I don't blame them if prior plans and stategies dont work but cash continues to burn and equity has evaporated while they keep changing plans! 8)
If Q3 comes in flat or worse than Q2 then the tax selling could begin early this year for copi imo. It is time to show us the money and no more excuses and no more wait till next year stuff! All imo 80)
What r u talking about. They have never been profitable and no ramp up of sales reported these last 12 months. And to say where they will be years from now is pure speculation. I believe you said they would be profitable Q1 08 but that never even came close. They have burned through alot of the funds they raised through diltution and now are likely in a net deficit position with negative equity. There is no doubt there will be more dilution to the minority common stuck holders IMO. The new contracts this year have shown NIL to the top line over the last 12 months and I think this qtr could have less revenue than last. What a hoot that would be. 8)
Also, I thought you put me on IGGY, LOL ?
LOL, this is funny. This company has revenue of just over $30k a week and its a public company losing money. I know ice cream shops that do multiples of that and the proof is in the filings. I can't wait to see Q3 and if the revenues are less than Q2 then look out below!!!!!!!! 8)
Wheres the beef? This is bangin sub penney again and no announcements of acqusitions? I don't get it Cargo, where is the beef thats been expected? 8)