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Asnap... Lets hope they file on the 15th! This will get things going in the right direction.
Most of those symbol changes are due to tardy filings. The problem is that Accounting firms dont have enough power, it seems that the clients wish to fight everything, if they feel it might damage their earnings and/or Balance sheet. So they fight it out with the accounting firm and end up either firing them or the accounting firm resigns. Then the company is tardy in filing and the stock ticker is changed, ppl sell like mad and the average investor who bought the company as a buy/hold loses on the steep and quick decline.
damn, BioMarin is one of the stocks the FOOLs picked to perform good this year..
Of course! Its been a long wait, hopefully it will be over on the 19th and we will atleast know for the short-term things are ok! One can only hope that they have their auditors working overtime, to finish the filings on time.
Jawmoke... you have come out of hiding! Good to see you back! The 19th will be here quickly.
Something will be done, so many ppl will be pissed if this infact does happen. This is different then calling someone's home, you are paying by the minute with a cell phone. I would not worry too much about this.
Thanks eom
Ok so maybe i am wrong... post the number you called plz
Make sure to give them all your account numbers... I mean they couldnt possbly trasfer 20 million to 1 account!
haha man relax... look this was a chain email that went around a while ago... people were so worried about it, that they did a special on cnn about it, it was my understanding that this is not going to happen..... of course i could be wrong!
Are ppl still posting this BS? Jeez that was like so 5 months ago. Didnt you get the email?
I would expect a nice bounce when the name change takes place, and the ticker symbol changes. I would probably get out on the bounce and buy back on the usual dip. Get some free shares or just pad any chances of future loses.
Thanks sugar
Well we are getting closer to the 19th... Hopefully, HSYN is getting their ass in gear and finishing up their filings with the SEC.
I have to say that Stock comes through with his word, it may not be this week.... but it will happen. Stock is a pretty reliable source.
hopefully not for another week or so.... just so I can move some money and get in :)
Asnap,
When will the 10K be filed, are they going to file it on time or ask for an extension? If they ask for an extension.... the prs could be weeks away.
Oh stock I am smarter than that... the idea is be nice and maybe he will go away! Hes annoying and seems to like conflict so I was hoping one nice post and he would quick posting himself. I guess I was wrong!
When can we expect the 10K to be filed WIZARD?
If they are short term then its treated like ordinary income so you use the income tax brackets, to deterimine your tax rate, if they are long-term then you pay long-term rates. Say you have no income but $100K in short-term capital gains. You would pay taxes as if you made $100K at a regular job.
I signed up for your news letter, how often do you send them out?
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Never once did I call you a short or basher, I even went as far as to thank you for your posts. Maybe you should read my post again. I guess time will tell who is wrong and who is right.
If you have a long term capital gain you are always taxed at 20% (well not always sometimes less in certain situations), if you have a short-term capital gain you are taxed at your regular income tax rate.
http://taxes.yahoo.com/guide/begin/cgcateg.html
Correct, which is typically the tax bracket you are in(i.e. based on your income). Thats why I said you are taxed at your regular income tax rate not the reduced lt capital gains rate. So if you make 1M a year and are in the 37.5% tax bracket, your short term gains would be taxed at that rate.
Argyll,
I thank you for your DD on HSYN. Its good to know a little about the management of the company. I dont like what Chuck has done in the past after reading your articles, however, the area of business they were in is not an easy industry to operate in. I hope that we will get some word on the avantra deal soon, they are a real company with a website. As a long in HSYN, sitting out these 10 days is hell, not knowing if your money is lost or not. I think that I speak for all longs that we like to keep our comments on the positive side throughout this halt. Just to keep our spirits up. After the halt is over, 10-Q's and K is filed, we will be in a better mood to debate the company. Really until sales numbers are seen in NR's and financials no news is reliable. I just hope that everything works out good for all us longs. Thanks Argyll, you keep us in touch on how shorts view this company and that keeps on our toes and makes us really look at what we are investing in.
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Well, Im long in CLYW.... I just hope you are right ASNAP! Its reasurring to hear the news from pclee too!
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However, short-term trades are taxed at your regular income tax rate. Not 20%.
Its pointless to argue either way, lets just wait till the 19th and see what happens from there. Like you said Argyll, lets argue the facts, the fact is we dont know one way or the other if stock manipulation happened or not. Sure it said it in the letter from the SEC, but thats all we know. Lets just wait until the trade halt is over. See what happens then we can argue about who is right and who is wrong.
FOr social security I would use 6.2% of what you made up to $90K, after 90K you dont have to pay SS tax. For medicare use 1.45%, in your case I would use a tax professional to do my taxes. You probably could use the help and it would save you a headache. The problem with short-term trading is that you pay taxes at the tax rate you regular income is taxed at.
If Bazz did call enigneering, who was there on saturday and if someone was there who would answer the phone? Unless you have a direct number no one is answering on saturday.
Bazz can you substantiate this claim by asnap?
thanks
Sugar,
Log off, go home, and enjoy the weekend my friend.
Sure I would... and then I would send a first year staff to do an inventory observation! In a armored hummer of course.
Trust me weeble1 I know this. I am a CPA that is currently working at a CPA firm. I deal with this legislation everyday, and see that the only real thing its done is create more work for me! lol Just next week I will be out of town to document a clients controls and do some initial testing. Does this mean everything is ok at the company? Hell no, only good ole substantive audit work will give investors a good feeling on whats going on. Then again the CPA firms work is only as good as the people doing the work.
We dont know for sure. WHile the company has not addressed it in any of their PRs we cannot assume that means there wasnt. Its up in the air and we may never know if there was or not. The SEC will probably not release anything, until they find solid evidence, meaning the investigation could go on even after trading resumes.
Get used to Argyll hes our cute little resident basher... However, it is always nice to hear a view from the other side. You will get used to him, we all have. Hes harmless, yet sometimes inspiring.
nice quote... where did you get it
Sarbanes legislation is not a save all. I do say that the legislation is a step in the right directions, however, Section 404 sucks ass. While i understand that internal controls are important, there is always the possiblity of fraud regardless of how many controls you test. If we get through this trading halt and sales start coming in I would like to see the company go out and get a highly regarded accounting firm to do their audit. Sure there are still problems that arise from clients of the Big 4 Accounting firms, but the work done at these firms is far superior to smaller regional firms. I think that it would also add to investor confidence in the long run.
Execution
That is true Stock however, lets hope they are legit. I mean with all of us holding as longs it would really suck if they werent.
Jeez Argyll cant I complain? Bottom line is I have a position already... so I could already be fleeced.... atleast let me have my run up to .30! lol