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It wont matter, we're frying him next friday anyways. We only keep the stupid fuck around because his insane ramblings are amusing.
He posts like Ghandi but truly is an economic terrorist.
Robert
Well I have no feelings one way or the other about him. Personally, I do not even think it is a conflict of interest for him to have remained a member of ihub. 'Consulting' can take on many different definitions and without knowing what exactly he will be doing at Veltex, it would not be a securities violation for him to be a member here or even to post to this board.
There have been several instances in the past, here and at SI and RB, where company employees and even CEO's took an active role in message boards. I agree it increases the potential risk of a violation by posting, but posting in itself is not a violation.
I personally have known 3 individuals who started out as mere investors in different penny stocks but whom moved into a paid positions after years of getting to know the operation and many of the other longterm shareholders. So it obviously does happen more often then one would expect, as this is the 4th time i have seen it.
If you have been around here (ihub) for any length of time you may remember Gary Swancey -GaBARD , and remember his stint as IR with MIDL. Suffice to say it didnt work out, but many of the long term members can tell you the story.
Robert
Not that is anyones business but I asked Shrotker if wanted to remain as a moderator or if he felt it was a conflict of interest. After discussing the issue, he decided he would resign his position as assitant mod but also his personal account here as it just gives the village idiots something to complain about.
Those of you who think there is some sort of conspiracy theory going on are just as stupid sounding as those who thought Rawnoc was making up the outstanding share count.
Things are usually much more simple than anyone ever realizes.
Robert
On that version of level II, the light Green is an order filled on the ask and light pink is an order filled at the bid. Some people assume that this is always synonymous with a green=buy and pink=sell but this is not 100% accurate all the time. In a slow moving and less volitile trading period it is a safe assumption, but when activity is higher it is not.
Robert
hmmm,
after looking at those numbers i can see that there would be a great opportunity to hit several quinellas inn the 30-50 dollar range. Also it is interesting to note that your machine will never hit a 999 payout. The longest quinellas you will have available to you will be about 350.
The good news is that this machine is a lot easier to win smaller amounts on a regular basis, the downside is that you will rarely if ever win several thousands in a day off those numbers. I would imagine even a $1k day is rare, but a $300 day should be almost a given.
What is the maximum number of credits you can bet on each button? and what denomination coins are you using?
Robert
I'm not sure, I am going to reread some of the old paperwork and see if anything stands out. Here's the afternoons action in case your interested:
Price Size Time
0.0033 1000 15:59:25
0.0031 10000 15:57:18
0.0031 550000 15:56:01
0.0031 30000 15:54:45
0.0031 5000 15:54:04
0.0032 200000 15:53:45
0.0031 5000 15:53:39
0.0031 5000 15:53:29
0.0031 5000 15:53:23
0.0031 100000 15:51:12
0.0033 30000 15:45:43
0.0031 135000 15:39:41
0.0031 100000 15:05:17
0.0031 500000 13:58:13
0.003 900000 13:57:38
0.0031 332875 13:56:03
0.0031 25000 13:56:03
0.0032 234000 13:54:40
0.0032 200000 13:54:33
0.0031 180000 13:53:23
0.003 180000 13:53:17
0.0031 10000 13:52:05
0.0031 10000 13:51:23
0.0031 10000 13:51:15
0.0032 240000 13:50:54
0.0031 200000 13:12:59
0.0032 424336 12:56:35
0.0031 150000 12:56:29
0.0032 50000 12:41:14
0.0033 55000 12:23:41
I personally believe that this is the bottom and a great entry point. There may well be a bit more of the 45 to flow, but i think that buying will absorb it without any more price decline. I would guess the next run will find resistance at .006 where all these shares would yield a savvy trader a nice double, unless the momo is so great it blows right through the sub penny range.
Robert
welcome dark,
i'll get a look at those tonight for you.
Robert
True it is not that big a difference, but I really try to target my entry and exit points more carefully the past few years. It is only 400 bucks on the way in, but when i'm looking to double out on a spike or a run the 400 is significant percentage-wise.
Theorietically heres my logic....
2M shares @ .0031 = 6200
2M shares @ .0033 = 6600
Sell order for 2M shares @ .0062 = 12400
.0031 profit = 100%
.0033 profit = 87.8%
Difference being 12% of my profit.
I fully expect to miss a few stock plays by being to slow or patient on the buy side, but i think that inn the long run it is better for me then buying prematurely and being down 10 or 15 percent before any activity or run inn share price occurs. With this stock the floor price of .0031 is the most obvious and likely floor price based upon past trading prices and the debt conversion price. I didn't fill yet today but i did see orders go at that price already.
I hope i dont miss a run, but if i do I hope the rest fo you make a huge amount whether i'm on the train or not.
Robert
Wow, what a paperwork and legal nightmare to sort that out. Somehow they will need to change the cusip and reissue to shareholders of record at November 26, 2001. Either that or raise the authorize to accomodate all the 'excess' shares.
I wonder who issued those shares? I'm sure they would have to have been fraudulantly created or represented if they were in fact invalid at the time of issue. If it was the company who issued them, then they would have no other recourse but to raise the authorized to accomodate them to avoid prosecution for the sale of them.
Either way, i hope your trade works in your favor.
Robert
Today's trading. I'd color code it for you if I could, but i think the point i made previously is reinforced. I'd still recommend buying at .0031
Price Size Time
0.0033 50000 15:25:14
0.0032 50000 15:17:09
0.0034 100000 14:35:48
0.0034 100000 14:35:15
0.0032 250000 14:01:47
0.0033 42000 14:00:43
0.0032 25000 14:00:39
0.0032 250000 14:00:10
0.0033 10000 13:59:20
0.0034 10000 13:49:22
0.0034 25000 13:43:56
0.0034 82360 13:43:56
0.0034 5000 13:43:39
0.0034 5000 13:43:25
0.0034 10000 13:43:12
0.0034 100000 13:15:34
0.0035 140000 12:45:26
0.0034 40500 12:14:54
0.0034 84000 10:08:32
0.0035 145000 09:56:50
0.0035 25000 09:31:06
Its actually not too far from where I live and my cousin's job takes him through the area about once a month. I figured i'd just tag along and drive his route with him and get a firsthand look at the place. Its a good excuse to get out of town for 3 days anyways and who knows, i might actually meet up with gjerdes if i'm lucky.
Robert
Yes thats what i'm hoping to do. My cousin drove past the place a dew months back so he at least knows where in the world it is. I'm going along for a ride with him next time his route takes him past the area. Maybe i will even knock on a few doors and see if i can find some friendlys in the area who will save me making future trips by keeping an eye out for me.
Either way, I will certainly post any pics i get for you all.
Robert
Well if we all agreed I guess nobody would make any money.
I'll take my chances and leave my order at .0031 for now. 2 weeks from now I'll be past homestead and check it out for myself.
Robert
Looks to me like on 4/10 someone started selling stock into the market at .0043 and continued for 4 days until they had unloaded almost 24 million shares. Then the selling stopped for 2days and today another 5 million shares appeared dropping the price yet again.
That makes almost 30 million shares trading hands coinciding with a slide in price of about 30%. At this point, I'd bet dollars to donuts that whomever exchanged debt for 45M shares got something like 30M free trading + 15M restricted. The rest of the weeks volume will speak volumes on this issue to me.
The good news is that the share price didn't hit the .0031 issue price and so anticipating the selling to stop one would expect the price to stabalize again making a nice entry point for those wishing to trade the anticipation of the next PR.
If the volume slows back to 1M/day for consecutive days I think this is an excellent time to accumulate and wait for a run.
Robert
"What kind of "Great and Good" man lies about his college education?"
Not to defend anyone specific on that allegation, as I never personally seen the 'Ashville' claim so for me it is only hearsay, but many noteworthy individuals have been caught embellishing their credentials and achievements.
There was this guy.....
http://www.freerepublic.com/forum/a39ea05224b3e.htm
and this guy.....
http://news.bbc.co.uk/1/hi/world/americas/966143.stm
and how about this one....
http://www.whatreallyhappened.com/RANCHO/POLITICS/LIES.html
Bottomline, I trade stocks to make money. I don't fall in love with them or give a crap about the personal lives of those involved. Anyone who does should be sticking to Ethical Funds, as you will certainly find more devils than angels in any board room. ALL STOCKS ARE SHIT. The sooner we learn that the better trader we become.
Robert
Make sure you send that to the SPCA and the YMCA, they will crack down on him like a dog and take away his gym pass.
Robert
Don't flatter yourself,
your just one more anonymous idiot who was too stupid to deserve to have any money so someone smarter took it from you. The quicker you realize that those are the rules of the game the better off you will be.
Do you really think anyone reads your postings here, lol? I'm sure the couple of people who do read them can't even understand them. Face it, your only purpose is to entertain the rest of us, thats the only reason the plug hasn't been pulled on your account yet, lol.
Now dance for your cornbread, dance lady.
Robert
It wouldn't be half as fun if she was of sound mind, but its so much fun torturing the retard. He gets so worked up he gets completely incomprehensible and makes the most long winded unreadable posts. Its currently the most fun thing to do on the boards.
Robert
go for it. I'd truly appreciate the results. Step up lady and show me your not half the coward i think you are.
Robert
Then its the electric chair for you sir.
Robert
apologise to the Ihub membership for being a stupid fuck and buy an annual membership and you can have your freedom.
Well we all have different opinions on that, which is a good thing. But I don't think we have seen the end of the conversion of whatever portion of the 45 million shares into cash that is going to occur, so unless the financing news follows soon and spikes the price up, I would expect continued downward slide. Remember whomever received the shares effectively paid .0031 for them. I am hoping to pay about the same (unless something good happens soon).
Robert
"Please do not stop talking about money tens of millions of dollars in Bangladesh Bank account of Veltex or Velvet mills."
http://www.investorshub.com/boards/read_msg.asp?message_id=6053776
Enjoy your stay on death row.
ps. I don't need to make money honestly or any other way, I am retired. Now get back to the sweatshop or you won't get any cornbread.
I would like to offer my services as Assistant Director of Bag Holding. I am willing to work with all viarieties including Paper, Plastic, Hand, Duffle, Scum, and Wind. Sorry no Tea-baggin' , im not into that.
Robert
ps. Congrats Scott, I'm sure shareholders will benefit from having someone on their side a little closer to the boardroom.
According to MM, there are ..."tens of millions of dollars in Bangladesh Bank account of Veltex or Velvet mills".
I'm not sure how he knows this or how it could be verified, but he is obviously convinced the money is there.
If the volume continue to be high I think so too. 45 million shares out there at .0031 so I'm sure they shouldn't mind selling me some of those at cost. Hopefully i can get this new account funded by friday just in case.
Robert
There will be no name calling and personal attacks on this board. I don't care how big a piece of shit you think this stock is or if it is in fact the greatest scam since CMKX.
Clean it up or take it to another site. Sorry for being so short and blunt about it, but is not going to be tolerated here and i feel it is better to stop it before it gets out of hand.
Robert
Board stats are busy again today if nothing else
Robert
From the release it mentions that debt was settled with creiditors, but then follows to say that "both" groups were happy to settle for a mix of restricted and unrestricted stock. That would indicate it was 2 specific creditors.
Also, i'm not sure who mention .004 as the conversion price or where i got that number from in my last post, but $140k for 45 mill shares is .0031 a share. A 30 percent discount from current market pps and definitely explains who would be selling at .004 or better.
Just briefly attempting to guess who the 2 creditors are, I assume it would be one of these individuals who has been a past creditor and who has accepted this sort of debt for equity offer in the past.
From old information:
----------------------------------
In October 2002, certain shareholders elected to convert their loans into shares with interest accrued through August 31, 2002. The Company has agreed to issue shares as follows:
Name Principal and Shares Issued
Gary Boyd $140,000 principal 494,328 shares(1)
$33,015 interest
Robert Mathews $166,000 principal 570,706 shares(1)
$33,747 interest
W.C. McCaslin $100,000 principal 444,383 shares
$55,534 interest
Jack Wells $100,000 principal 439,511 shares
$53,829 interest
Henry Morris $50,000 principal 218,000 shares
$26,300 interest
Charles Wells $747,882 principal 2,390,943 shares
$88,947 interest
Garry Carlson $12,000 principal 40,705 shares
$2,247 interest
Well I wouldnt complain if someone got it down a bit for a few days. I'm switching brokers this week and would send a case of beer to anyone influential enough to get me 2 mil shares @ .003 -.0034
Robert
"why else would you convert."
You would convert because stock that you can sell into a liquid market is more valuable then a debt that is outstanding.
In my experience converted stock usually gets sold off as soon as it is allowed depending upon restrictions placed upon it. If the stock was unrestricted, that would explain who was selling shares to everyone here today. Thankgoodness to all involved there was no convertible debenture as thats the kiss of death to a company like this.
This does appear to be the first step towards financing and hopefully is an indicator of positive news in the near term. However, i would expect to see increased volume to continue until about $140k of stock has changed hands. Hopefully cementing a base at the .004 cent price.
I'd still buy a million or two shares if the volume has an adverse effect on the price and moves it down into my target range again.
Overasll, i see it as a positive move in the longterm
Robert
hmm, this link goes to the wrong place i think. it was supposed to link to a picture of some land i want to buy.
http://www.google.ca/url?sa=l&q=http://www.tylermartineau.com&ai=B-r6huOdcQsGyIba8iwHSpZn7B6....
well that didnt work?? who the hell is that dude
I havent seen it myself, but i did just hear about it. Seems like there is a serious attempt being made at increasing the share price through becoming more transparant and a bit of touting. Lets see if it is effective?
Robert
the glow stick website is back up and running if anyone is still around
www.econoglow.com is the address if you want to check it out
Robert
I'd love to buy a bunch at .003 but i'm not sure i'm anxious to pay .0045 but at either price there should be a great trading opportunity EVENTUALLY. I still think this one is premature to be buying a few hundred thousand shares to put under the mattress just yet.
But what the heck do i know, i missed the last trading opportunity on this one by 2 days. I'll get the next one.
Robert
Mine also gets smaller when its freezing. Is yours a microsoft one with the floppy?
Now don't make me stop sharing my cornbread with you and have to start exposing your mask here at "Veltex Ihub crooks paradise". All those facts are going to get you in trouble. lol
Robert
5 years = $5 million? No wonder your buying girls now instead of donuts.