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I don't think the guy I'm talking about is as young as 27. Different guy I think.
This one has a video on youtube that actually shows him referencing Tokyo Joe in his slide presentation.
So, it's a matter of the timing of the selling? Or its disclosure?
I get the feeling that people don't see there are victims of this behavior.
I'm wondering if this board is aware of the social media phenomenom known as Superman or super_trades. He specializes in ‘bringing awareness’ to low float stocks which often see short term 100% price increases.
http://www.super-trades.com/
https://twitter.com/super_trades 14,000 followers
http://seekingalpha.com/author/super-trades
It seems to me his actions ought to be illegal, as he clearly tries to drum up buying in low float NASDAQ stocks, via social media, thereby artificially lifting their prices several times their fundamental value. I am skeptical that he actually believes what he says. I don’t think he ever says things that are specifically untrue, but is quite selective about which facts to publicize.
At this stage of the game, stocks rise on his involvement solely because of his involvement. 14,000 twitter followers is a big buying group.
He also has paid subscribers. I don’t know how that works. He reminds me of Tokyo Joe, but I really don't know if he's doing anything illegal. Tokyo Joe was brought down for violations of Investment Advisor regulations, as I recall.
Lately he's been pumping ARCW, and this week, CAMT. He gets involved, stocks see hugely increased volume.... etc etc. He only recommends very low float stocks and mentions short sellers quite a bit.
He's quite open about his activities. Wondering what you all think about the legality of his activities.
Thank you for your perspective on the matter.
1. Your disrespectful tone serves to reduce your credibility. You will be happier in life if you speak more politely to your elders.
2. Yes, my observation is that Superman sparks the volume surge. As these low float runs become more widely noticed, the volume has been increasing
3. He does more than post his trades. He misrepresents, I believe intentionally, the totality of facts about companies and he posts such non-stop.
Further incivility will be met with non-responsiveness.
Your first post!
Market cap listed there is way off. I suppose it's hard to keep track of the dilution.
He's not listed in the recruitment brochure my daughter received from American University..
http://members.calbar.ca.gov/fal/Member/Detail/170660
GRLT
"This company is a fraud run by Dennis McLaughlin and kit chambers and ray Dias"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94365814
Thank you for that information. Much appreciated.
What is the reason for this big bounce in OXBT. Opened red, now up 25%.
Basic - 14,649,142 shares and 14,176,138 shares for the three months and nine month period ended September 30, 2013, respectively
Diluted - 29,649,142 shares and 29,948,398 shares for the three months and nine month period ended September 30, 2013, respectively
The difference being the convertible preferred.
This just sounds so silly - undermines credibility.
"Dr. Bruce Bedrick is a highly accomplished, versatile and respected Physician and business owner with over 15 years of diverse and innovative experience. As a dynamic leader, he consistently achieves outstanding results in challenging environments while building and maintaining strong, loyal relationships with both colleagues and community members. Dr. Bedrick offers the unique combination of hands-on administration that maximizes organizational effectiveness, operations-oriented leadership that ensures efficiency and people-oriented guidance that yields productivity."
I don't understand the relationship between OCTX and 'the Tighe boys'. Would you please explain? Thanks.
So you think the share price will rise because of the float, but not because of the value of the company itself?
Ok, I calculated the fully diluted share count as accurately as I could.
Looks like the conversion price would be $3.02, based on the November 5 close, 3 days after the S-1 went effective.
The remaining series' of preferreds, F,H and I, total $9,500,000 worth, so they convert to 3.17 million new shares.
We start with 6.4 million shares on 11/14, per the 10Q. Add the 3.17 from the preferreds and 0.9mm from the warrants - gives us just over 10.4 mm shares now.
Of course, they also now have about $10 million cash and $9.5 million less preferred - so they have gained around $2 per share in common book value.
All of these shares will be sold ASAP of course if the share price stays anywhere north of $6.
Please note this stock is a share printing machine, barely removed from it's pink sheet days. A year ago they had only 400,000 shares outstanding, split adjusted. The reverse split ratio is 1:600!
http://www.intercloudsys.com/contact-us
Corporate Headquarters
331 Newman Springs Road
Building 1, Suite 104
Red Bank, NJ 07701
Tel: (561) 988-1988
Florida Office
238 NE 1st Avenue
Suite 208
Delray Beach, FL 33444
Tel: (561) 988-1988
Take a gander at the nice house in Delray Beach -
https://maps.google.com/
SUBJECT TO COMPLETION,
Preliminary Prospectus dated December 5, 2012
This is InterCloud Systems, Inc.’s initial public offering. We are selling shares of our common stock.
Our common stock is currently traded over-the-counter on the OTC Bulletin Board under the symbol “GGHO”. On November 26, 2012, the last reported sale price of our common stock was $0.026 per share. We intend to apply to list our common stock on the NYSE MKT LLC (NYSE MKT) or the NASDAQ Capital Market (NASDAQ) under the symbol “ICLD”.
They had a very hard time going public. Of course, they had to re-state financials, change auditors, etc etc.
By the way, Aegis, the underwriter, is populated by former Rodman guys. They would take any junk public......
How many new shares could ICLD's preferreds convert to? I am seeing up to 5 million shares - around $10mm of preferred convertible at $2 per share, based on recent prospectus that says convert price is close 3 days after offering effective.
This seems crazy though.
from the same article!
"That followed a Sept. 5 report in which the Centers for Disease Control and Prevention raised an alarm about children getting hooked on nicotine. The CDC found the share of U.S. students in middle school and high school who used e-cigarettes doubled to 10 percent in 2012 from 4.7 percent a year earlier.
By comparison, adolescents who reported smoking regular cigarettes daily or more casually, declined to 8.3 percent in 2010, from 11.9 percent in 2004, the Substance Abuse and Mental Health Services Administration said earlier this year.
Senator Dick Durbin of Illinois and 11 other Democrats, seized on the report to call for immediate FDA regulation and to demand that e-cigarette companies provide documents related to sales, labeling and marketing of their products to children."
What are some of the highlights of Kit Chambers' illustrious career?
8400 shares traded. Hard to read a lot of meaning into that, imo.
No, it's reflecting the real business now.
MSLP under formal SEC investigation.
Victory Electronic Cigarette Deluxe Kit with 15 Cartomizers (Choice of 2 Flavors)
LIST PRICE: $149.00
DISCOUNT: 87%
YOU SAVE: $129.00
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Time left to buy 14hrs
12mins
20secs
Your price: $20
http://www.dailysteals.com/?utm_source=DailySteals.com+-+Deal+of+the+Day&utm_campaign=6d2b9648f6-09_30_13_Mon_Steals&utm_medium=email&utm_term=0_df9b59ce87-6d2b9648f6-29006642
After giving effect to the Merger, we have issued and outstanding securities:
76,655,610 shares of common stock;
Net revenue was $15,908 and $38,987 for the three and six months ended June 30, 2013, respectively, as compared to $72,033 and $115,831 for the three and six months ended June 30, 2012.
Current Assets
Cash and equivalents $ 99,144
Accounts receivable, net 33,350
Prepaid expenses 187,426
Notes receivable/other current assets 313,485
Total Current Assets 633,405
Current Liabilities
Accounts payable $ 534,420
Accrued expenses 2,156,926
Credit cards payable 455,305
Loans/leases payable 273,499
Total Liabilities 3,420,150
UBIQ real numbers are in today's 8k. It ain't pretty.
If I read this right, 70 million shares and $30,000 of revenue in the first half of 2013.
They run the price up with wash trades. This attracts short sellers who sell and then are soon forced to by back the shares at higher prices because there is insufficient float to hold the borrow.
Rip off short sellers. No one likes them anyway.
Are the financials of the underlying business, Ubiquity Broadcasting, now available somewhere? The latest 10Q shows no revenue at all, but that's just the shell I think.
No borrow available.
Lots of new shares sold for $0.40. So why is share price now quadruple that?
Interesting analogy. Pennies pay better than the lottery, too.
BuyersStrike ?@BuyersStrike 4m
Bio-Tech Medical operates as BioTrackTHC, and already have an IR firm, Winter Park FL based Newgate Crapital. http://www.biotrackthc.com/about-us/investor-relations … #scam
If you search for the name "BuyersStrike" or $MDBX you will find this stuff.
BuyersStrike ?@BuyersStrike 41m
Watching Long Island bucket shop Citadel Securities on the $MDBX bid is fun.
BuyersStrike ?@BuyersStrike 26m
Did Ft. Lauderdale based "Bio-Tech Medical LLC" walk away with $600k of $MDBX's cash? Scammers gettin' scammed. Awesome!
Seen on twitter.
What is your purpose in repeatedly posting the recent history of the share price.? It's a bit inconvenient to the reader.
I believe it is a pump and dump.
In the absence of real news the share price has risen dramatically on speculative Seeking Alpha articles flogging the possibility of buyout by Merck. This unfounded theory has been promoted over and over again on this board. The volume of posting here has increased dramatically coincident with the price rise. I infer that at least some of the posters here are paid to post as well as the Seeking Alpha authors.
Once the stock rise attracted the attention of fact citing critics it fell dramatically. We will find out one day whether insiders sold shares into the rise, and whether they promoted the rise.
Considering Dr. Dhillon's activities in other stocks (ARTH, STVF, etc) and the arc of the chart, I feel justified in calling INO a pump and dump.
Pump and dump!
Subsequent to June 30, 2013, warrants to purchase 5,273,392 shares of common stock were exercised for total proceeds to the Company of $5.3 million.
One wonders how many people on this board are paid to pump INO.
LOL on that NYSEPost.com piece. Crazy stuff.