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"For example, bona-fide market making does not include activity that is related to speculative selling strategies or investment purposes of the broker-dealer"
And what evidence do you have that this is occuring? None!
Because it isn't occuring...
Keep spooking potential investors by spreading short attack rumors and see how low the shareprice goes...
"talk about zero credibility"
Zero? You are generous... I'd use negative numbers in my assessment.
I am also surprised to see the cratering that occured today on relatively low volume. I'd bet the MMs are "net long" today!
"Personally, SB, I feel 4k9p has supplied you with enough due D"
LMAO! You must be reading BETWEEN the lines or something.
"There is so much info available on this board and on the web that you should be able to find your own answers about EXPH."
What are you talking about? I only asked her to explain her FALSE statement that SR's discussion with JD brought no new info to this board. Still waiting for a link... Would you care to provide one? Please?
"I really can't see the point in all this negativism ."
Negativism is in the eye of the beholder...
"So my question to you and the board is what does anyone hope to achieve by constantly criticizing the stock and its management?"
Can't answer that... I have not been criticizing the company.
"So the market makers can by rule short a stock for up to 10 days with shares they don't have..Seems we are now back to talking about MS's manipulating the pps..."
On the contrary... they are providing liquidity! Imagine if there were no MMs... on a great news story, if there were few shares available to buy because there were no sellers. What would happen? Huge volatility, and buyers may have to pay 2x or even 10x what is reasonable, and the shareprice would drop right back down shortly. Buyers on the news would get totally screwed... or maybe not be able to get shares at all... And on a day where bad news is issued... with no buyers... sellers would get raped. This is one of the functions of MMs... to level this out by providing liquidity. But to do so requires them (generally) to go long when the stock is declining and short when it is spiking.
"I would like to see that rule.."
Try google... look up Market Maker...
Here's Wiki on the subject:
http://en.wikipedia.org/wiki/Market_maker
"I would also like to know why whenever I see a short position listed it says days to cover..(1)?? How is it that the MMs get 10 days??"
You do not understand the meaning of "days to cover".
Days to cover = current short position / average daily volume.
"it's happened previously and i have zero doubts
it will happen again"
Really? When did it happen previously?
Any answers for the board yet?
I'm confused .4K...
You said:
"all he [SR] did was confirm that which was previously posted"
And I said that this statement is indisputably wrong. I asked you to resolve this by just posting a link to where certain parts of this information has been posted here before... remember?
Maybe you didn't read my post, or couldn't provide such a link? If you wish to recant your statement, no one will hold it against you. If you wish to stand behind it, I request that you provide a link to back it up. Here is another factoid that SR posted after talking to JD. Can you provide us a link to this one, maybe?
_________________________________________________________
"Question" #8
The California Closets pictures. Were these just an accident made by
the web designer getting carried away?
California Closets was a competitor when we focused on the 1st
choice brand. We also manufactured displays, and yes a photo was out
there that had our display, and a California closet "program" on it.
The person responsible for making the document has moved on a very long time ago, and quite frankly it wasn’t brought to my attention until some emailed me that that you (or maybe someone else) had found it. I removed it promptly and apologized formally to California Closets Corporate.
___________________________________________________________
Shorting nonsense...
What posters are calling shorting is just market makers doing their jobs...
On a given day, MMs will either be net long, neutral, or net short... by definition!
The MMs have both a bid and an ask that they put out there to keep a stock liquid... that is what they do. If you want to sell, they will buy at their offer. If you want to buy, they will sell at their ask.
They do not need to have shares to fill the order. They are allowed, BY RULE , to sell shares that they don't have (i.e. naked shorting) to provide liquidity.
They do, however, have to cover these positions within, in memory serves, 10 days.
The fact that there are no FTDs shows that this is just normal MM activity.
Several here are trying to make this out to be some nefarious activity... or proof of some conspiracy... or MMs unfairly holding the price down... none of which is correct!
Published FTDs do not lie... the pink sheet short position is not wrong... people just need to educate themselves on how the system works and stop propagating misinformation...
Owgur... c'mon man... this is fact. The NSS theory is dead and buried.
Didn't even JD say this? Why keep beating a dead horse?
I'm confused .4K...
You said:
"all he [SR] did was confirm that which was previously posted"
And I said that this statement is indisputably wrong. I asked you to resolve this by just posting a link to where certain parts of this information has been posted here before... remember?
Maybe you didn't read my post, or couldn't provide such a link? If you wish to recant your statement, no one will hold it against you. If you wish to stand behind it, I request that you provide a link to back it up. Here is another factoid that SR posted after talking to JD. Can you provide us a link to this one, maybe?
_________________________________________________________
"Question" #8
The California Closets pictures. Were these just an accident made by
the web designer getting carried away?
California Closets was a competitor when we focused on the 1st
choice brand. We also manufactured displays, and yes a photo was out
there that had our display, and a California closet "program" on it.
The person responsible for making the document has moved on a very long time ago, and quite frankly it wasn’t brought to my attention until some emailed me that that you (or maybe someone else) had found it. I removed it promptly and apologized formally to California Closets Corporate.
___________________________________________________________
Yes, let's be very clear... You are absolutely incorrect with your statement...
I am correcting something that you posted that is positively wrong. You posted:
"all he did was confirm that which was previously posted"
And this statement is indisputably wrong. Should be simple to resolve this. Just post links to where this information has been posted here before! If your statement was correct... this should be a snap for you to confirm!
Start with this one:
Quote:
--------------------------------------------------------------------------------
Q#5: The advances on the financials. These are listed as a current asset. This would mean that this is money owed to the company.
A: Yes, it is money owed to the corporation by myself and Glenn Harrs. However, it is important to note that GAP requires us to report this in this fashion. It does not show the other side of the "coin" where the company owes us significantly more in terms of gaurantees and loans.
--------------------------------------------------------------------------------
Please post a link to where this was posted here before, and we can move on to the next question...
"all he did was confirm that which was previously posted .. how does that impact anyone's respective DD .. "
I totally disagree! I'd say at least 20% of what SR posted has not been posted here before...
Would you like to take it point by point and you can provide us links to these previous postings?
Let's start with this one:
Q#5: The advances on the financials. These are listed as a current asset. This would mean that this is money owed to the company.
A: Yes, it is money owed to the corporation by myself and Glenn Harrs. However, it is important to note that GAP requires us to report this in this fashion. It does not show the other side of the "coin" where the company owes us significantly more in terms of gaurantees and loans.
"I have not released them yet."
Sure sounds like the 3Q fins are complete and being held for some reason...
Let me see if I follow your logic... trading manipulation on a stock upward for profit is legal and good... but manipulating it downward is bad and illegal?
Is that the point that you are making?
Does "smash" mean buy or sell?
Yes, but who sold them to them?
Some great posts here today!
Owgur, an email I have from JD has the exact same header content, I just looked...
It is no big deal... a $250 license and the issue goes away...
What evidence does someone have to justify an accusation of illegal shareprice manipulation of EXPH? That is a pretty serious accusation without some evidence, no?
There was an accusation here of NSS with no evidence... that was proven false by the SEC's FTD records!
There was an accusation of a certain MM's manipulation with no evidence... that was proven false here by two daytraders!
Now we have an accusation of illegal manipulation with no evidence! 0 for 3?
What was the date of that email?
"Discussions continue with one home-center chain regarding our ETC. product"
"Discussions"? About 6 months after release, I would have hoped "negotiations" would have been the word...
You don't have to do anything. No connection to the divy at all.
Thanks owgur... I'll take the chance and open an Etrade account. I hope they aren't the next to fall.
"to me it's obvious .. tda shut down
buying into exph at around 11 am on
12/4 .. it's no secret that tda used
nite .. i suspect some folks who were
with st originally .. moved to tda and
have subsequently moved to etrade
take it fwiw .. but hypothetical
chats with a few TA's .. indicate that
etrade may be going the route of st and
and tda .. where *settlement* issues
or manipulation ~ are a concern "
Apparently another MAJOR hole has been poked in your theory... the settlement issues were a result of the company's own actions...
"I am glad to explain why TD AMERITRADE is restricting opening new positions for some securities. EXPH recently announced that they will recognize ownership or transfer of their shares only by physical certificate instead of the modern electronic book-entry system. They are encouraging shareholders to convert their stock to physical certificates."
So it is EXPH's fault ST and TDA stockholders can't buy shares?
I have NEVER heard of a TA being gagged for a share buyback in a stock. Ever. Anyone else ever seen that?
What I have seen is that they announce a buyback, and then do it openly. Why gag positive info?
Try this:
William Warden
Company: Bassett Furniture Industries Inc.
Executive title(s): Director
State: Virginia
Industry: Furniture and Fixtures
Description:
William C. Warden, Jr. is director of Bassett Furniture Industries Inc. Mr. Warden is Private Investor. Executive Vice... (More)
http://www.onesource.com/free/William-Warden/People/Profile/2645277
JD said the retailer has 100 stores... Lowes has just a couple more than that!
I think the obvious Lowes connection is why people didn't look deeper!
I have a guess on the unannounced retailer...
Bassett Furniture Industries Inc (BSET)
William C. Warden was quoted in the release that JD made on September 15th... "This is an innovative product demonstrating their knowledge of the industry and their entrepreneurial spirit. Wilkes County has a long tradition of successful manufacturing operations and innovativeness such as this product,” stated William C. Warden."
William C. Warden is a Director of Bassett...
BSET is VA (i.e next to NC) based and is a national retailer...
They have 103 stores (including 4 in NC)...
They sell custom made furniture and other home furnishings...
I think that Basset meets every criteria JD put forth!
http://www.bassettfurniture.com/
Thoughts?
Any accountants in the crowd?
If the dividend happened on 1/1, that would have been a clean split from an accounting standpoint. Since the companies will be 2 separate entities, is there a significance to the quarterly reporting period? I guess what I am asking is... is the next practical date for the dividend April 1st?
"Great day on EXPH closing at .0029"
Seriously? It was a $29 paint trade...
How does that warrant a "great" day?
"but the one thing i come back to ~ is it's all
interwoven and obviously complex .. time consuming
and i suspect costly"
Why on Earth should 3Q earnings be "interwoven" with 4Q or the divy? The are totally unrelated events...
"Does anyone know when the patent for the ETC product could be approved? How long does the patent process take?"
As far as we know publicly, EXPH has not even filed a utility patent yet. They have one year from the date of their provisional filing to actually file the utility patent. The clock begins ticking at that point. Based on my experience, you should expect about 3 years to elapse from the day that you file the utility patent until the day that you are granted a patent if it goes relatively smoothly. So I would not expect a patent to be granted before late 2012 and quite likely not until a year after that. Remember, there is no guarantee a patent will ever be granted.
Hope this helps.
I got the same response from TDA awhile back.
"Are you asking the advocates so you can pounce on them with a witty comeback?"
- Not at all, why would you even suggest that?
"The answer is that the "dividend" will do nothing to stop the manipulation of exph IMO."
- I agree. Then I ask why that is mentioned frequently here as the motive for the dividend?
I've asked this before, but never seem to get an answer...
As to your statement:
"A private company cannot be manipulated by day traders"
How exactly will that benefit shareholders in EXPH?
95% of their investment is still in EXPH which is subject to traders...
As far as I can tell, the dividend will do ABSOLUTELY NOTHING to stop EXPH manipulation by day traders. Am I missing something?
I don't understand what you are trying *not* to say here...
"like i said i'll continue to monitor *said* site"
*said* site? Why should the SEC site NOT be considered to be accurate and, at the very least, the most accurate site?
Let me get this straight... you are saying that the current SEC records from the National Securities Clearing Corporation (NSCC) are not accurate for EXPH, and instead your reading of the trading tape should be trusted over them?
Wow...
The SEC's site doesn't show any FTD in EXPH. Why would that be?
http://www.sec.gov/foia/docs/failsdata.htm
Go to the report for the second half of December 2009 near the end.
Thank you sir!
"Yes, one can see installed kitchen cabinetry with standard corner configurations and I noted the lazy-susan base cabs. All these cabinets can have the face fronts, doors and drawer fronts changed to a new look or color at any time down the road. Wall cabinets come down and are re-installed using the existing fastener locations. Very simple procedure and will cut updating costs anyway you look at it."
Where did you find this info?