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see if it bounces up off of the 50dma for the 3rd time. if not, i think (and i'm no expert) it may revisit the .15 area, then .13 area. i have gtc's down there still. if it does so quick enough, get your dry powder out.
promise? you know how these pennies are.
so now time to buy. what to pay, what to pay.
not to enlarge your swelling head but i did put in a little blind buy just on rep. for the halibut. now i'll probably do what i did with uwnk, and screw it up, sorta. maybe i'm just too damn cheap or timid. i remember when lbix was down here. i knew i wanted it longer term but thought i could get back in cheaper. didn't. left behind. shoulda chased.
easy there....of course there was some dumping. traders getting out or lightening up, investors lightening their exposure. happens. note how overbought this stock is? note some negative divergence in the chart?
happens. happened before and will happen again.
i did break a rule of mine, get capital out quickly. but my position is so small still that it wasn't worth the trouble. i'll probably regret it tomorrow, but, hey, i'll do it later.
basher
emotion has no place in trading. hell, if i was to vent my emotions here, you would be getting a kiss from me and most likely you would rather forgo that.
emoitions foul a good board.
a good rule of thumb that i use is;
never be without funds.
right now, i am with to much funds and not enough uwnk. i plan on rectifying that.
my point is this.
we're in this to make money.
people complain when the price dips.
if they think the price will go up, why not buy when the price dips to sell higher and make money. i don't see anything to complain about.
my position is this; if one is whining about the price going down during any given short period of time, they are not taking advantage of the market. we are here to take advantage of the market. if one would rather have 20k shares to sell at 5 bucks instead of only 10k, why complain about an oportunity to get some of those cheaper?
would you buy it down there?
so actually that is down 2%. that's not bad. i've seen my port.s go down that much.
yes, the naked shorts will be foeced to cover. with a huge spike in price over such a short period of time, you can expect the MMs to be caught without shares in the mele. now, they have to work it out. they most likely won't support the bid much until they can restock their inventory without taking a loss. it will be retail buyers supporting the bid until deliveries are made.
the MMs may be able to churn this a this price level and work it out, or they may take advantage of a few sells to work it down. it all depends on how naked they are.
let's see you try.
but but but.....what's to bash? oh, yeah. only one location open and people are going nuts. they don't even know if it will be profitable and people are going nuts. diltuting at a rate of 50% per year and people are going nuts. gave up on the last money losing endeavor, and now starting on the next one and people are going nuts.
nah....won't be much. just the whiners seeing the red in their port's.
yeah, it is basher free, and probably will stay that way. but i would venture that it won't remain whiner free.
i have long ago learned to temper my dreams. i keep repeating to myself "nothing this good ever happens to budge". that always works unless i get too involved with the situation.
i started in this on 2 things, the rep of the ceo, and technicals. (oh, and RAWNOC) with what little time i have, i have looked a little further, thus finding myself a little late to the game.
probabilities are the pps down the road will be much higher (barring much dilution). but one thing i know for certain; this rate of increase will come to an end.
2.5 mil. market cap per location makes a $5 pps for 50 locations without added expectations. if we are now priced at 90% expectation, and you figure a 50% expectation level with 50 locations, that's a $10.00 stock. all depends on the speed of the ramp up.
easy to see how some would mortgage the house. i've seen it happen and seen it turn to disaster. until i have more time to look into things, i stay real defensive.
as a side note, as a former interrogator, i now know how to get you to spill your guts. expect it to happen from time to time, with no ill effects of course.
OK, RAW.....i'm done yankin now.
(in a wisper) but i still think the price will cool a bit after all the excitment of opening. sshhhh, don't tell.
easy there raw...don't get your panties in a bunch. i am just going by the filings with my speculations. they said 6 to 9 months to proof it out. then look for funds for 2 or 3 more either owned or managed in next 12 to 18 months. that could be a simutanious time line, and i take it as such.
i haven't been as involved here as you are, so you have a lot more info than i do. like i said, i know little about how all this works on a micro level. so my questions are really about the speed of the crank up.
i would think that they already have a few franchisees lining up just on reputation. but i think that real interest will only come after a bit of demonstrated success. hard numbers and all. makes for less risk.
so 6 to 9 months of this pilot and then they will be looking for more money for a few more company owned. if it takes 6 mo. to startup, that would be about a year for a few more open. could it be that the real franchise boom will happen 2008?
oh, and how does that franchisee owned but company managed arrangement work out? i'm rather ignorant on franchises, and entertainment enterprizes, yep, and eateries.
i think that 50 a year from now is a bit optimistic, though not impossible. if they do have that many it will be because franchisers are that confident in a repeat performance (chucky). but that rate of expansion will rely on either franchise buyers, debt (if company owned), or diluton.
you know what my preference is. what kind of franchise income can we expect?
after all the initial excitement, this will start to approach a realistic valuation a year out. after the grand opening and the initial press, this will die down some.
it's all about expectations. visions of atari and chucky are feeding this. present or near term valuation really has nothing to do with the pps right now. oh, and momo.
careful there....your leaving yourself open for a bit of a brigging.
are you fishing or is just me sitting here with baited breath?
i be watchin for a while. somethin fishy in there. amtd has a buy restriction on it for fishy tradin.
hey all you CMKX bag holders...here is who you bought all your shares from.
NASD Charges NevWest Securities Corporation and Principals With Violating Anti-Money Laundering Rules
Tuesday September 26, 10:32 am ET
Firm Failed to File Suspicious Activity Reports Despite Suspicious Sales of Hundreds of Billions of Shares of Sub-Penny Stock by Customer
WASHINGTON, Sept. 26 /PRNewswire/ -- NASD announced today that it has charged NevWest Securities Corporation of Las Vegas and two of its top officers -- President Sergey Rumyantsev and Vice President Antony M. Santos -- with violating NASD's Anti-Money Laundering Rule.
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In its complaint, NASD charges that the firm failed to adequately implement and enforce procedures to detect and report suspicious transactions that the firm had reason to suspect involved possible securities fraud. Specifically, the complaint charges that the firm failed to conduct adequate due diligence and file appropriate Suspicious Activity Reports (SARs) in connection with highly suspicious transactions by a customer of the firm. NASD alleges that, during the relevant period, the customer opened 32 accounts at NevWest and sold more than 250 billion shares of a sub-penny stock, which generated total sales proceeds of over $53 million. NASD alleged that NevWest earned commission revenue on the sales totaling $2.5 million -- 36 percent of the firm's total revenues during the relevant period.
"Suspicious Activity Reports provide law enforcement with information that's critical for investigating and prosecuting money laundering, terrorist financing and other financial crimes," said James S. Shorris, NASD Executive Vice President and Head of Enforcement. "Broker-dealers have an obligation to investigate 'red flags' indicating suspicious activity and, where appropriate, to file SARs. Despite a multitude of very obvious red flags, NevWest chose to look the other way, earning millions for itself in the process."
NASD's complaint charges that between January 2003 and May 2005, NevWest, through Rumyantsev and Santos, failed to adequately perform due diligence, file SARs or cease trading in multiple accounts controlled by one of NevWest's customers in connection with more than 500 sale transactions. The transactions involved a sub-penny stock issued by CMKM Diamonds, Inc. (CMKM) that traded in the Pink Sheets until the Securities and Exchange Commission (SEC) revoked the stock's registration in 2005. The complaint further charges that the firm and its officers ignored numerous red flags which reasonably should have caused them to suspect that the customer was violating federal securities laws. The complaint charges that the firm should have filed suspicious activity reports with the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN).
Those red flags included:
* The massive volume of CMKM stock that was being sold through NevWest
by this customer, which constituted as much as 36.7% of CMKM's total
outstanding shares;
* Publicly available information about CMKM's financials indicating that
CMKM had almost no assets. CMKM's last quarterly report, filed with
the SEC on Nov. 18, 2002, showed that for the quarter ending September
2002, it had total assets of only $344 cash and total liabilities of
$1,672;
* CMKM's failure to file annual reports with the SEC for the fiscal
years 2002, 2003 and 2004.
* Information showing a relationship between the NevWest customer
engaging in the suspicious transactions and a former officer of CMKM;
* The SEC's temporary suspension of over-the-counter trading in CMKM
securities from March 3, 2005 through March 16, 2005 and the SEC's
action on May 10, 2005 to revoke the registration of each class of
CMKM stock. From March 17, 2005 until May 11, 2005, NevWest continued
to sell at least 22 billion shares for its customer's account.
NASD also alleges that NevWest, through Santos, failed to comply with escrow account requirements and contingency offering terms, in violation of the federal securities laws and NASD rules; failed to timely report customer complaints and disclosure events pursuant to NASD rules, and failed to establish and maintain a supervisory system and procedures that were reasonably designed to detect and prevent these violations.
Under NASD rules, a firm or individual named in a complaint can file a response and request a hearing before an NASD disciplinary panel. Possible remedies include a fine, censure, suspension, or bar from the securities industry, disgorgement of gains associated with the violations, and payment of restitution.
The issuance of a disciplinary complaint represents the initiation of a formal proceeding by NASD in which findings as to the allegations in the complaint have not been made and does not represent a decision as to any of the allegations contained in the complaint. Because this complaint is unadjudicated, interested persons may wish to contact the respondent before drawing any conclusions regarding the allegations in the complaint.
Investors can obtain more information about, and the disciplinary record of, any NASD-registered broker or brokerage firm by using NASD's BrokerCheck. NASD makes BrokerCheck available at no charge to the public. In 2005, members of the public used this service to conduct more than 4.3 million searches for existing brokers or firms and requested more than 194,000 reports in cases where disclosable information existed on a broker or firm. Investors can link directly to BrokerCheck at http://www.nasdbrokercheck.com. Investors can also access this service by calling (800) 289-9999.
NASD is the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. NASD touches virtually every aspect of the securities business -- from registering and educating all industry participants, to examining securities firms, enforcing both NASD rules and the federal securities laws, and administering the largest dispute resolution forum for investors and registered firms. For more information, please visit our Web site at http://www.nasd.com.
last post....too cheap.
first, i only remember the ceo saying that they were negotiating with kmpg for future audits. if kpmg was actually doing this audit, there is almost more chance of a snowball in hell than that kpmg would be even almost finished.
if there are audited financials coming out shortly, i doubt seriously they are from kpmg. how many years back do you think kpmg would want to go before signing on the dotted line with their reputation and legal compliance at stake.
if, by some fluke, kpmg was/is involved now, watch out for a pr that sljb is appointing someone else. death.
i was loathe to have you think that of me....i have read you also.
yep...he's sure...read me some.
you tasted a bit of my sarcasm there. but there are people actually investing that think that way. i've seen this all before. these cult boards are all the same. i generally never get involved with them but once in a while i get stuck in it like a soap opera.
the "true longs" nearly always get burned because they are playing one game and the market is playing another.
but i guess we all need someone to get burned. we all need to sell to make money.
why complain about the bashers at all. if you believe in the company, and you believe in the power of bashers, why not aid the bashers to get some cheap trading shares and make some sure money while you're waiting.
the honest guy at the poker table always loses. this is gambling and nothing more.
see? more myth. and people will believe it only because it fits the picture that they are required to maintain.
they get involved on the way down because it's more fun then. that should be obvious. don't get to caught up in all these claims of conspiracy, they are myth and will cloud your thinking. again, don't think that everyone wants to invest here. most don't or it would be way up.
you also have to consider that there are those that like to relieve bordom by yanking peoples chains for fun.
you probably saw it on the CMKX board, the QBID board, the CSHD board, etc. happens on a lot of boards. hapens all the time, this war between the believers and nonbelievers. one thing that comes to mind, the nonbelievers woun't be losing any money.
it's dangerous to honestly believe anything in pinkland. get you burned. so i don't believe either way. it may, it may not. don't know, don't believe.
but, just in case it does............
isn't it strange that any unkind word must be paid for?
no one in there right mind would see anything but gold here?
must be a good stock, look at all the bashers, and we know bashers only bash good stocks.
of course, the only reason to say anything negative is to drive down the stock is to get a cheaper price.
everyone wants this stock, why else would there be so many bad mouthing to get in cheaper.
the only reason the price goes down is the bashers.
oh, wait, i forgot MM manipulation. it isn't that there are no buyers, the MM's just want it lower.
it isn't because there are sellers trying to get out, the MM's just want it lower.
oh, and flippers, those who have already made a twice on this stock than it is worth. they keep driving it down.
this stock is gold but the "experts" on wall street, those who have build huge funds and who study the market continuously, can't see it.
there is way too much crap here, so many myths, so many sheep following the emotions, so many that are new to this game, and i fear, too many that in the interest of holding "long and strong" in keeping with the requiremnets of the group, will learn a very hard lesson.
this is a mean and nasty game we play here in the market, and pinkland is like fire, it consumes those that linger.
you got that right. i want cheaper shares.
maybe it hits .80 before it hits 2.00.
works for me.
that WTHDIK is merely an out for those reading to not take me too seriously should they choose. my opinion is just an opinion. i'm no great expert and i have no history here so humility is the byword for me. i've been around long enough to know that about the time you think the sun shines out your axx, you discover it's merely a well lit runway.
i don't have enough faith in any bb stock to chance much money for too long, unless it's an obvious turnaround of a formerly successful company.
so .39 from .11 av was too rich at that point and i cashed in.
traded twice since then for a total of .07 gain. next big dip, i'm in again. actually, i'm getting a bit antsy as numbers could come out at any time now.
will probably hold a few longer if numbers are like last time.
i was just entering an opinion about what i think will happen just looking at the chart and tracking aagh during the day. it just looks to me that we head a little lower in the morning. what happens after that is uncertain, but i see a slight downward bias. this is a news driven stock, so no news creates a downward bais while this board for the most part creates an upward bais. looks by the chart that the last 2 days were a draw. if news comes out and it's good, this ramps up. if no news comes out, it slowly withers. if bad news comes out, it plunges.
we all know that some days are down and some are up. but you are interested in a longer time frame than tomorrow so what tomorrow brings in terms of eventless price movement is not that important. i'm not into fooling around with people's emotions by denying reality so i just call it as i see it. nothing wrong with that i'm sure.
i've traded this a few times. it goes up and down. fortunately, it is still higher than it was a couple of months ago, but that was none of my doing.
take what the market gives you, don't try to force it. if you see more upside potential than downside risk, then make a judgement and go with it.
gl