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I received an email from Scottrade stating that they have not received the certs, and therefore the "marker" is an indication of the amount of Divy/warrants I am entitled to. They are waiting upon the DTC to release the certs. I believe the reason they have not released them is because they are not able to deliver on a 2 million deficit. This means that if they did release the certs, they would be liable for giving them to some and not others.
We STILL NEED to hound the brokerages, because that is our RIGHT as record holders with a pay date of December the 15th!!!!
File your complaints with the SEC!! This is your right and I believe, only line of action at this point. Turn up the heat!!
I don't care IF the D/W's are worthless or NOT, I want what is rightfully due me on the date when I am due the payment!!
Someone is stuck, and as the shareholder base, we need to get this moving in our interest.
Added 300K @ .007
The certs are in SOMA trading on the Frankfurt @ $4 US.
Everyone NEEDS to request their CERTS NOW so that the process is already started. There will be NO excuse from the brokerages, if they were made aware of the requests, weeks prior to them receiving the certs.
I have come to the conclusion that the cover on EQBM is/will not start until they are FORCED by legal means. There is no way for them to identify which shares are phantom or real, so they are not going to cover low or high. They will try to shake us out by dropping,popping and stagnating the SP. The only way I see this playing out is for them to allow it to run and let all the current holders sell out at much higher prices. As for the delivery of D/W's, I really have no clue as to how they are going to cover a D/W deficit on 2million shares in retail accounts.
File your complaints with the SEC!!!! It's really easy! Just go to the website and look up investor complaints.
If I were a NS/regular short/or Phantom share seller, I would be in BIG trouble at this point, because I am not going to be able to deliver on the Divy/warrants that I am legally bound to.
As for the EQBM squeeze potential... I think the ones that need to cover are going to be exposed by the D/W situation, and forced to cover by the legal eagles.
Just think about it...How are they going to cover the D/W's?? Even IF the D/W's are worthless, the fact remains that they are due to pay 2 million or more shares in retail accounts!!!! This is where they are going to be exposed!
As this heats up on the D/W's, Larry is set up to crank out some very good news!! The NS/regular shorts/phantom shares sellers would be insane to continue their game while they are already in HOT water! I think they are going to have to let this go where retail/EQBM/Larry wants it to go. As for the when and how, I have no clue, but I believe it is very very close. :)
I suggest that all EQBM investors file a complaint with the SEC
in regards to ONE, the Dividend/warrants. A pay date means we should be paid the actual D/W's within a fair and reasonable time frame of 7 to 10 business days. An "indicator" of payment should NOT suffice.
TWO, the apparent manipulation of the stock.
Three, the reported "phantom" shares in our retail accounts.
If we ALL report and file our concerns, we should have some type of investigation.
Google the SEC complaint section, and then file.
Im out for the next several hours.
BIGN has a plan, and I for one think they are going to launch this stock!!! There is a LOT of news in the hopper at this point.
TIC TOC
Pay date was the 15th of December. Therefore we have roughly 15 weeks from now, until the dividends/warrants become available to trade.
It has been 7 business days from the pay date, as of today.
The brokers are telling us it will take 4 to 6 weeks for us to receive the certs in hand.
Therefore if we receive the D/W's in a month or so, that will still give us 11 to 12 weeks before they become tradeable.
I first bought in this for the closing of Dalian and other strategic deals. The squeeze factor was not even an issue. If we get a squeeze, then that's GREAT, but I am looking for value adding projects to increase the SP. If the squeeze gives us more upward movement, then that's AWESOME.
January is the month for the anticipated close of Dalian, and the other deal news.
If the short position is as big as was PR'd, then the shorts are stuck do to the divy/warrant situation. They will try anything to get out of this. I think they will continue to create more phantom shares at the bid to keep inflating the overall shares. If they do this, then even when we get great news, the huge amount of sellers will kill any run. This is where the exposed short is vital!!
We need to locate the SEC enforcement division and make them aware of the current situation. This way we can have them observe the trading activity for intentional manipulation.
Good call! I have been slacking big time on the board. It has been a rough year overall for the penny stocks. Hope you've done well!!
Sure hope next year is better!!!
The DOW is due for a MAJOR correction.
Good call! I have been slacking big time on the board. It has been a rough year overall for the penny stocks. Hope youve done well!!
Sure hope next uear is better!!!
Tje DOW is due for a MAJOR correction.
Good call! I have been slacking big time on the board. It has been a rough year overall for the penny stocks. Hope youve done well!!
Sure hope next uear is better!!!
Tje DOW is due for a MAJOR correction.
I doubt it's dilution!! The MM's are going to play all the games they can as time is slowly running out!! They will create the look of high selling volume!!
LOAD LOAD LOAD YOUR BOAT!!!! :)
I heard that!!!! I think news is anytime now!! I seriously think it's going to be a BLOCKBUSTER, but what do I know!!LOL HEE HEEE
I think tommorrow is the last day since the 3 day settle will be the 28th/29th/2nd. Either way, I would be buying today and maybe tommorrow!!!
I believe that the broker/dealers are responding to their clients, by placing a "indicator" of the amount of dividend shares to be credited to our accounts as of the record date.
If the short position IS 118+ million per the NOBO, then we ALL know that there is NOT enough of the dividend to give to all record holders.
This is why we should ALL request our dividend to be sent to us in our name!!!! Then the truth of the dividend deficit will be clear to everyone, proving the short does exist.
That is why we all NEED to call or email our brokers to find out if they HAVE received the certs, and if not, why is the broker showing the amount to be credited to our accounts. An indicator of the dividend does not suffice for the actual certs, as of the pay date December 15th. This is the 7th business day after the pay date!!! I don't want an indicator, I want my actual certs paid to me within the 7-10 business days!!! I don't want an "indicator" of my paycheck from work, I want my pay, because I cant pay my bills with an "indicator" or they would BOUNCE!! Thats exactly what is going to happen here. As those that are due the dividend do not receive the actual certs in hand, by requesting them from their brokers, the S!*&@T is going to hit the fan!!!
EVERYONE.... Those that have an "indication" of the dividend payment, need to call or email their broker asking if THEY HAVE received the actual physical certs.
ALSO.. Next month is when we should see the real value of EQBM reflected in the SP.
Okay guys...My Scottrade account is showing SPT# xxxxxx.
Something is happening, but I want clarification. Therefore I will continue sending emails until I see that I have recieved the actual dividends and warrants.
HMMMMMM..... I like the close above .02!!!
We are sitting just below the weekly 50DMA @ .023
With the right news, this will blow up to the weekly 100DMA @ .044, and if it is really good news we will create our own 200DMA in blue sky territory!!!
I believe we are ALL mostly on the same page, and NEED to realize that when this is trading at double digits, these prices will have been a GREAT buy!!! The problem is that too many of us are affected by the day to day fluctuations, and the temporary dips.. We ALL need to remember that you don't loose or gain until you sell your shares.
HOW IN THE WORLD ARE WE GOING TO STILL BE HOLDING WHEN THIS IS AT, AT LEAST .10 IF WE CAN'T EVEN HANDLE A PENNY SWING??? No stock goes straight up, therefore there WILL be ups and downs as it heads for higher ground.
Okay....Why do I feel like we have entered the twilight zone??
The short position in this stock is NOT the ONLY reason to buy this stock.
EQBM has many deals that are going to be coming together within the next month or so.
We have a double shotgun just waiting for the trigger to be pulled. Yes, there may be some pain to endure, but I believe pay day is SOON!!!
January is coming!!!
CORRECT!!
Also, the shorts are going to try and move this up on low volume, and then crash it on an illusion of high selling panic volume. The reason for this is so they can cover as low as possible.
When a panic buy happens on a thinly traded stock, the MM's will issue these "phantom" shares at the ask to keep a "lid" on the stock. On a "manipulated" panic sell, they will be accumulating on the bid to cover their short.
The key here is to NOT SELL on the shakes, but to actually BUY along with the MM's!! If they are competing with buyers it will be very hard for them to accumulate at the bid, and therefore wil generally move to the ask.
This is going to be ridiculous until the shorts cover. That was the idea from the beginning. We have to hold on to our shares until the DTCC/"good brokers" force the situation to light. I think there are brokerage firms that have/are not involved which may be to our advantage.
Not much is going to happen in EQBM until January.
I received an email from Scottrade today stating that they did speak with both the DTCC and the TA on Friday. They said that the TA overnighted the certs to the DTCC on the 21st. Once they recieve the certs from the DTCC, they will credit my account. Requesting certs costs around 40 to 50 dollars for each, therefore it will cost about 150 total. It does tend to take a few weeks as the certs are sent back to the TA and then sent to us.
I would rather transfer my certs to another brokerage firm if possible. Has anyone found a brokerage firm for this??
I know the math has been done before BUT:
With a reported NOBO of a 118+ Million short and EQBM record holders receiving (1 SOMA common share dividend + 2 warrants for every 50 shares of EQBM), this would create a deficit of 2 Million D/W's. Therefore 2 Million D/W's will not be delivered to record holders until the shorts cover!!!
As I understand it, the only way to cover the SOMA Divy is to buy it out of the pool of SOMA shares on the Frankfurt. They can only get the warrants from Larry at this point. It would be AWESOME if Larry told them to cover their EQBM position, and then to deliver those shares to him in exchange for our warrants to be delivered to our accounts.
Just wanted to repost my thoughts before hitting the sack.
I hope that ALL whom celebrate the birth of our saviour Jesus Christ, had a wonderful Christmas day!!
My gift to all is for you to read the book of Ecclesiastes in the Bible.
As for EQBM....Lets address this in a calculated and nonemotional manner!
First stage: Request Divy/warrant Certs.
Second stage: Lets take care of stage one first.
C ya
True, BUT Larry stated that they were being printed and overnighted to the DTCC.
As our broker/dealers receive them, WE NEED to request them sent to us CERTIFIED mail in OUR names!!!
I am sure that some brokers have received them, but each of us NEEDS to have them sent to us, or transfered to another brokerage firm.
The least we should do is have them placed in OUR names and NOT the brokerage name.
I don't think they can short the certs, since they are trading on the Frankfurt, but better to be safe than sorry!!
The issue, if they are SA1 or SOMPF needs to be clarified for the future, but has no bearing on the action of requesting them.
With an existing short position,we know that some just aren't going to receive theirs until this situation unfolds.
Therefore, we MUST make sure of the exact amount of certs that each of us should receive.
Go into your account history and check the amount of EQBM shares you were holding up to the record date.
This will give you the basis of the amount of Divy/warrants you are entitled to as a record holder.
You may also call the TA and request this information.
I would recommend that EVERYONE be accountable for his own certs!!
Otherwise, you are not only hurting yourself, but the entire shareholder base.
We cannot trade these certs until April the 16th.
IF one of us finds a brokerage that will take our certs and trade them on the Frankfurt, then please post it on the board.
Moderators should then post that/those brokerage firms in the I-box.
This is not a play for the faint of heart, But the payoff, if it works out in our favor, will be SUBSTANTIAL!
No risk No reward!! Nothing ventured nothing lost, but nothing gained either!!
Story........
Once upon a time there was a "man" who lived across the street from a neighbor that was selling his house. The "man" had a bet with another neighbor, that the person selling his house across the street couldn't sell his house.
Now as people drove by or stopped to look at the house for sale, the "man" would come out of his house and tell the people all the negatives he could think of. The owner was dumfounded as to why this "man" would do such a thing, so the owner asked the "man" why he was doing this. The "man" replied to the owner that he was just stating his mind, and to live with it.
This routine went on for some time. Then the owner finally asked the "man" if he had an interest to buy the house, and the "man" said he had absolutely no interest in buying the POS house.
The owner was spellbound as to why the "man" would do this to his neighbor, especially if he had no interest to buy the house.
The "man" was just interested to win his bet with the other neighbor, but then it occurred to the "man" that if he could scare off all the buyers, then he could get the house really cheap. Wow, he said, I could not only win the bet, but could also buy the house cheap and resell it for much higher.
The "man" had a job during the day so he could not be there all the time to scare off the potential buyers, so he asked other neighbors to help scare off the buyers. The other neighbors agreed, since they were buddies.
As time went on the home owner was getting closer and closer to selling his home, therefore the "man" and his "friends" increased their scare tactics, because they really didn't want to loose the bet and their chance to buy the house cheap.
Finally the home owner sold his house, and the "man" and his "friends" lost the bet and the chance to buy the home cheap.
After the new owners moved in, they fixed the house up REALLY nice, and then resold it for an ENORMOUS gain. The new owners put in a lot of time, effort and sacrifice but ended up with their time well spent.
The "man" and his "friends" still piss and moan about the whole situation, and are still bitter with themselves and life to this day.
The moral of this story is to love thy neighbor as thyself!!!! There is no TRUE gain in being malicious to your neighbor, even if you have something to loose. In that case, take your loss like a MAN!! Not a "man"
"man" equals COWARD
"friends" equals COWARDS
Pegasus gave out the divy/warrants within it's own company, where as EQBM is giving them in SOMA. This is the difference!!! You can't short on the Frankfurt. As SOMA moves up SO will EQBM because of both the value that WILL be added, along with the squeeze! OH, I am sure the games will be played, and they will try to make it look like we have lost all our money on EQBM, but that's only because they want YOUR shares to cover with. As the time to cover comes to a close or we move into the squeeze trigger based on value PR's, they will panic cover!!
Also, what does it hurt to ask for your certs and EQBM shares in our name?? It doesn't!!
Well, I was not going to post until Tuesday, but somehow got suckered back in. LOL
So has Overstock, and they ARE a reputable company! Point is that Pegasus made an effort to fight the shorts rather than just giving up and taking it!!!!
Yes I read the other article, but we seem to have an EVEN better plan then Pegasus.
Also, these ideas that only companies that are not producing have problems with shorts is a farce. There are plenty of good companies out there being shorted, legal and/or illegal.
I was not going to post until Tuesday, but after thinking it over, I felt that this article SHOULD be posted for ALL to read and be absorbed over the extended weekend.
Our situation is similar:
http://www.fool.com/investing/small-cap/2006/08/18/pegasus-squeezes-the-shorts.aspx
I also think we need to make sure our EQBM shares are in our name, and not the brokerage firm's.
C ya
I am officially signing off until Tuesday AM!
C ya
YEP!! I am officially signing off until Tuesday AM!
Someone painted it down on purpose!! NO big deal, our time will come!!
I will give the benefit of the doubt until Tuesday, and then I will unleash the beast!!!LOL Only SERIOUS!
The fun may have just begun!!! Maybe the brokerages with the short positions will not pay them out until the shorts are forced to cover?? Who knows at this point, but I am watching and waiting PATIENTLY!!
Okay, I was on hold for at least 5 minutes, and then the guy came back and stated they had not recieved them in order to credit my account.
Scottrade is the same firm that halted buying on the last pop!
HHMMMMMMMMMMMM??
I am on the phone with them right now!
I have Scottrade and do not see mine as of yet.