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Unfortunately some learn the hard way and it takes criminal arrests for some to get the message. after the arrests will come the silence.
Really? Interesting.
try just researching riskless principle trades and routed trades and how they are marked.
There is more to understanding laws than looking at a form. Pinkies do not report those trades but that does not mean they do not happen or take place.
Who is your broker and do they show up as a market maker? If not EVERY buy and/or sale would be a routed trade.
have you seen this product in a store and realized what profit margins they have?
and you failed to interpret it? riskless principle trades, routed trades, etc....are all trades executed as a short despite being originated by a long.
Records are what the brokers, the DTCC, and the regulators keep. what you keep are publicly available data that can be viewed a thousand different ways with a thousand different conclusions. The public does not see trade tickets, buyers, sellers, routed vs. direct sale records, or 144 stock dumping (i.e. LII is useless for what you think you know unless you can find other substantiated correlations from the other available data sets).
so you say. what if what you saw is not what you think you saw?
hasn't had a release in the distant past so why assume one is pending soon?
Company still has a long way to go, including cleaning up two of its non-operating subsidiaries, but now it has an achievable plan and the means to get there
How deep are we talking? Ice and snow is only so deep and you do not drill water, you drill the earth below the water. Offshore drilling in water does not appear to be a big issue right?
Looks like it closed even after losing gains and closing out the losses. If it held it's gains it would have closed in the green.
really? looks like a flat day to me.
feel free to extend that thought with some analysis as to how it impacts shareholders and PPS. recall, all valuations are based on old understandings of O/S. In a private placement or dilution scheme shares are released at a discount to market. Share with us your assessment of how much investment they had to make, what it would cost in dilution, and how all the other general expenses are being paid.
Since investors want everything related to PPS wouldn't it be helpful to understand what it took to execute this deal? dilution is permanent but a higher % of well provides longer term revenues. revenues displaced across more shares.
would like to hear views (with analysis) on all this by shareholders who find this a great buy without knowing the details.
From where? They have zero revenues and had negative cash. So where did this money come from?
Corestream has no company money because it has no company revenues so the entire financing of this effort came from the outside. Why would you get a majority for offering nothing to the party?
There is no public evidence of this.
CEO's that don't care about stock prices are CEO's that issue stock at a whim when they need capital.
Does anybody even know what Rainbolt owns in this company? NOPE!!!!
I am sure that Chris will do what he wants because he can read how far shareholders will bend over backwards to protect his regardless of what he does.
Imagine a CEO hat is well in tune with posts on I-Hub but can't make proper revelations to shareholders of his public company. most do not turn out well.
I believe I have heard that 52 times over the past year.
excellent point. i wonder if those that tout the short side game will respond with supporting facts.
there is this old adage .. those who
fail to learn from the past are destined
to repeat it ..
it is easy to debunk this short theory.
The stock trades at $0.0001. what profit can now be made in a short? it takes MASSIVE volume to profit between 0.0001 and 0.0000 and the risks are high as 0.0000 only comes with a shutdown of the company.
shorting above 0.0001 could have happened (highly unlikely but lets give benefit of the doubt) but the margins on such trades are extremely high. those shorts would have to be covered here as there is huge risk and....the margin costs offet any profits if the short seller sits here at 0.0001 waiting for that last fraction of a penny.
now, there is no volume here to speak of NONE. There are no interested buyers and if there were short sellers their interests would be here. You can't cover a short worth anything trading $1000.00 a day.
it is all conspiracy smoke and mirrors.
They also stated the last week in December that they would:
1. Reveal information regarding the asset sale the week of January 3. Didn't happen.
2. Address what the lawsuit settlement meant to the company and the balance sheet. Didn't happen.
3. Be fully reporting within 60 days. They have 3 weeks to go and none of the 2010 filings have been posted yet.
In reality there has been a lot "aluded to" in their PR's but in reality there has been very little by way of transparency.
Do you know how they have paid their operating costs these past 7 months? Do you know what the terms and conditions were that resulted in a change in management?
My understanding is that THIS executive team is more professional and more transparent. They have yet to show it. I see that many are starting to realize that and are being silenced for discussing it.
any idea why nobody here wants to talk about the actual business? what exactly is BEDA doing nowadays?
Not from what i see on the link posted.
None whatsoever - you got something to say - say it.
if i am correct, SOLU is still down 80% from the last pump that took it to 0.05. long way to go for those shareholders.
agree. maybe somebody that communicates with Graham can get a response.
How did this scam work out? I called this despite the "potential valuations" stating otherwise.
I guess another scam that "others" couldn't see.
EIGH is a con right?
And, predicting a pinkie is a scam could be done by a retarded monkey. Pick one, ANY one!
Nope. I know why the SEC is investigating BEDA because I reported them. you are using what BEDA has stated as being the while story but if what they said were true they would be cleared by the SEC and thus the DTCC.
THOSE are the facts.
Interesting filings by SOLU on pinksheets.com.
Each quarter they seem to lose money and go negative in cash but their filings do not show how they reconcile their debts. anybody know?
Q1 Revenues = $295.944 Q1 Expenses = 294,925 (350M O/S)
Q2 Revenues = $96,588 Q2 Expenses = $141,807 (383M O/S)
Q3 Revenues = $134,994 Q3 Expenses = $214,407 (376M O/S)
So after a solid Q1 revenues went down as did profit margins. Just as interesting, while losing money they somehow are claiming they reduced their share structure by 7 Million shares. hmmmm... Looks like some record keeping issues.
I hear there is still a Picasso to be sold - right?
We should discuss this $50 Million asset and what it will mean to the PPS. Oh wait, it never shows up as an asset does it. it only shows up in PR's and is used to promote the values here.
didn't some people here visit ARTS and get the lowdown? maybe you could send them back and get a new perspective.
so says you. If I am not mistaken, BEDA announced that the SEC contacted them and was seeking information about their trading.
BEDA claims it is a DTCC issue but the DTCC claims they will not release hold until the SEC agrees and a year later the SEC has not agreed. That makes it an SEC issue and not a DTCC issue and the SEC does not hold a company hostage and hurt the public unless there are issues with THE COMPANY!
feel free to show me closure of that SEC investigation if you have proof it is over.
Has anyone ever noticed there has'nt been a big sell off (BEDA) shares.Could someone need your shares? (BEDA)
So much for that false run and the good news. Back to square 1.
Excellent points. we have read comments about how this new management team is leaps and bounds above the past and how this new executive team is fully transparent and yet....nothing.
1. Sale of assets - what did Corestream get out of that. It is a material event and yet nobody knows anything.
2. Settlement of a lawsuit. Yet another material event in which the company pumps the settlement in a PR but has yet to reveal what actually happened and what it means.
3. How is the company financing operations? without production the revenues are still at zero and yet how are salaries being paid, what are those salaries? How are lease payments being made and general business expenses? The company had zero cash and assets so how is it paying debts?
4. The purchase of foreclosed wells? Interesting point but lets take it further. If there are all these distressed wells how does ZLUS make money on wells others could not? If these are solid potentials, how does ZLUS, with no capital, gain access to them while profitable companies do not seem to be going after all this "easy" money? Rainbolt, at the age of 46, has no prior personal business experience in Oil Wells. Rainbolt Consulting Group doesn't even show up in a google search. but his California jobs and his work with Ault had little to do with Oil so how does this newcomer come in and reap the rewards that professionals never found?
5. And then there is this minor issue of financial filings? The last filing was done in august and represented December 2009. Where are the rest. You have to finish the next 10 in line to use for the one following that...etc...so where is March 2010 filing? Sixty days from late December is 3 weeks away and yet the first of several filings have yet to be released. and these are filings representing a company that was essentially a shell (no revenues) so it would be easy to put together.
so where is all the transparency that makes this executive team better than the past? We know Rainbolt worked for Ault and it now seems that it was a great lesson he learned - how best to con shareholders.
Play the swings and don't fall in love because there is far more hype than substance here IMO. Protect profits and mitigate losses.