Retired NYSE Broker & NASD Trader
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A few posts back someone showed how a company's PPS responded immediately after an uplisting and then falling back part way---
When we uplist there will IMHO be an immediated upsurge, perhaps a substantial move,,, caused by new interest from those previously unable to purchase, and the flippers who know this and will accelerate the move and then they are the ones who knock it back ----
Then the new intersest folks step back in after the flippers/traders bring the pps back and continue filling their positions---
At least that is how I counseled my clients on uplistings and new offerings---
art
I concur wholeheartedly with both of you---
It appears to be a "timming' thing here also---
PDAC and the meeting , perhaps for the first time with others ---Lawyers like to talk with other Lawyers---
JV talk and then JV actions----Contract Atty----Uplisting the Stock..
Uplisting the Stock allows those who want to own a position in KATX, and who are perhaps envolved , but on the on the periphiry,, and also not allowed to buy "PINK" sheet securities----as most institutions are not allowed---
Looks to be a lot going on for KATX ---I don't expect to see cheap shares for very long---
art
If we are looking for a reason for the "crappy" pps performance---here is my 2 cents---
We will have a jv and dilution due to the jv--in the very near future--
If so,, nice buying op comming --
art
In all the years I spent in Wall Street and in the NASD Trading House---it never made one "iota" of difference to us whether there were sells above the mkt or not----
If we had to short to maintain an orderly mkt, we did....It is the FTDs that are a concern---and the naked shorting by an MM to maintain mkt liquidity is expected, accepted and not frowned upon---
The FTDs by the selling MM is definitely frowned upon----but in a "pinkie" and in Pinkie Landalmost impossible to regulate---
The reputible firms try to stick together and stay clear of "KNOWN" scam houses---
If your shares are with your broker and in a margin acct,, they will be used by the MM-----You can move them to a cash acct and request that they not be made available for shrt sells---or take delivery.
art
I'll be thinking of ya'll----i'm off to the golf course here in SUNNY southern AZ----I'll be checking back at the close---kinda quiet---I finally got my avg down to the low .02s----took several buys in the doble zz to do it----that's what happens when your first buy was the high of the freaken year--now have about 400k--cheers
art
Gump is not a "basher"---he is a provoker, and he has provoked alot of folks here into a lot of dd to refute or verify his provokings---
Personally I have enjoyed the honest banter, the resulting dd--- and due to gump and others I have increased my position--
art
Clay--'
What are the possibilities of an up dated chart for EVRM
art
Snibe--
That legislation does not pertain to the mm---The mm is "charged", so to speak,, to maintain an orderly mkt as he excutes the trades---he may short the mkt to keep it orderly, but not to affect it..
art
It is the "nicname" for Knight Securities,, a publically traded market making firm ...you can punch up their SP by entering the letters--- nite
jmo,, art
911--
How many shares does Ken and his Family ( including relatives ) own and or control----Do you happen to know???
Also, I think that those of you who are analysing/scrutinizing and using the fibre optics up every little detail from Ken might inquire about Why? an Asian Exchange uplist---
I think Rick posted about it awhile back----
art
Well, I have enjoyed reading the last 300 plus posts over yesterday and today---
My 2 cents--
1. Gump should be listened to---he has a lot of whiskers---
2. Rick-UK , Biochemist, Bob and the moderators for this particular stock have offered a TON of very creditable DD on KATX
3. The $1 Mil and "up-to" $5 mil in funding for KATX in return for "JUST" an equity position in this essentially start up exploration company-- temporarily listed on the pink sheets--SPEAKS VOLUMES!! If you can read the unsaid between the lines.
4. 50,000,000 shares is not to be sneezed at as collateral,,,But the "INVESTORS" are expecting a monter success---many times the current SP , share price----
5. Why? -- b/c this is not a loan!!! and the only way they will be able to get their money back and a return on their investment,, -- is to be able to sell those shares in the future--- to some mutual funds and/or some other block buying institution---so as not to depress or collapse the pps if word got out that the "original insiders" were getting out.
6. If you had 50,000,000 shares of a stock---how do you get out of it ----think about the current float when you want out---think about who is going to buy your position and why would they want it!!!!!
7. Long term investors who are building wealth and have accumulated large positions---they are not flippers who just live for the thrill of some pecentage points and the EGO of buying the drinks at the local watering hole---An exit strategy is necessary if you have been successful with your investment.
8. It appears to me that Ken, and the INVESTORS for Ken's dream KATX,, believe that this company has the potential of being a MAJOR wealth builder----and those don't come along and get discovered at .05-.06 cents every day----
9. Nike was started in my backyard in Beaverton---but I did not see it---yet I was a securities broker in Portland---and , I even bought my running shoes from him----How many people see and know what they are buying----???????????? Damn few---
cheers and GLTA
art
Mark--
Is this an alias, or do you have bb team in Tx???
Did you just come aboard???/
Mark--
I see that this is your only post ---here and on there---
Do you own a round ball team in tx???
Rick---you said
Even if gold dropped to $800/oz Handcamp will still be worth a fortune and KATX will still do very well for long investors. But gold won't drop, it will rise. The dollar has temporarily strengthened due to the weakened euro, but anyone who thinks that this temporary move makes the dollar a safe bet for the future needs their head examined. Have you any idea of the size and scale of the US's national debt? And forget about the whole of the US's national debt for a moment, have you any idea of how much money the US has to pay back this year alone?
MY ADDITION OR COMMENTS
If one oz of gold is woth $1000 today and there were 100 Billion oz in the world----you do the math--for an oz.
And KATX discovered a cache of gold that weighed in at 100 million oz---would our gold be worth $1000 an oz---???
Or would the fact that the world's supply had been diluted by 100 mil oz, and therefore we would have to devalue an oz of Gold---
Just as many think we should lower the pps due to dilution when the issuer adds to the OS, or supply---
Personally ,, I do not believe that adding or finding a huge quantity of gold will increase the value of gold----it is a commodity and some countries can't afford one oz---The countries that have garnered the supply can keep it off the mkt, and a scarce commodity, and therefore keep its value up--selling gold into the open mkt would dilute the supply in the mkt and therefore depress value----
All JMHO---art
Cheers
This is your post---I am going to add alittle to the end of your post
Here's the problem with the theory:
"Assuming a gold price of US$1,000 per ounce, or $32,500 per kilogram, the total value of all the gold ever mined would be around $4.5 trillion. This is less than the value of circulating money in the U.S. alone"
http://en.wikipedia.org/wiki/Gold_standard
Many other countries either use or currency, or have their currencies pegged to the USD.
Like I said earlier,"If the US tried to return to the gold standard or pegged system, we would find that we are far poorer than we could ever imagine." It would lead to extreme inflation because the paper dollar would be worth a fraction of what it is today.
MY ADDITION
When we were on the Gold Standard, it meant that you could convert or exchange your Dollars for Gold at the rate of $33 per oz....
We had a lot of Gold, but when Keynesian Economics began to dictate our economic policies, it became obvious that some countries would soon be able to present their Dollars aquired in trade for our Gold supplies----and soon we would have NO GOLD in Fort Knox-----
Either change the value of Gold to $100, or $1000 an oz or get off the Gold standard----We chose to get off the gold standard and back our money with the value of our commerce, or good faith,, or with Two Mules and Sister Sara---and keep our gold supplies-----
art
Yes,, you all are correct--
I was pointing out "WHEN" this stock becomes marginable----perhaps I will still be living ---who knows
And the Federal Reserve establishes the basic margin requirements
i believe---or they certainly used to.
art
This makes a good re-read after seeing today's action--and China's interest in affecting the value of Gold---
Results for the 593 soil samples from the Handcamp gold property which were submitted to Actlabs in Ontario, Canada for Gold and base metal analysis have been received.
Of the 593 samples submitted, an amazing 239 samples have tested positive for gold. These samples are now being plotted on grid maps from in-house but will also be contracted to an independent geologist for plotting as well. These results will be plotted digitally so they can be posted to Kat's website for investor viewing. These soil samples were taken from a 44 line km grid totaling a 2sq km radius.
Ken Stead, President/CEO, stated, "While soil samples are a great tool for identifying mineral anomalies underneath the overburden, if not done right the samples could show a negative response. The fact that the taking of these soils was contracted out can cause a company to be a little nervous, in the case that the proper care is not taken to get the 'B' horizon soil which contains the most abundant of minerals unlike the 'A&C' horizons."
"However, we are extremely pleased with the results which in turn show that the contractor who collected the soils did a good job. While the company was expecting good results, we never imagined that gold would show up in such a large number of samples. Just from a quick review of the results of the larger gold numbers, it is obvious that there are other areas on the property hosting significant gold and base metals."
The remaining, approximately 800 soil samples from this 44 line km grid within the 2sq km's are now being prepared for immediate transporting to the lab for analysis.
The first 150 soil samples revealed a very strong gold anomaly 400 meters south of the high grade gold showing posted on Kat's website. These latest results will no doubt aid in extending the strike length of the already discovered high grade gold areas. Some of the latest 593 samples were sent from areas over 600 meters from the high grade zones, which demonstrate the significance of how widespread gold is throughout the property.
The final batch of soils will help fill in the gaps between some of the areas that have not been tested for gold and help identify areas of any significant size.
As soon as results are received from the remaining 800 soil samples, we will notify the public of the results, and these too will be digitally plotted by an independent geologist in order to have them posted to the website.
On behalf of the company we would like to say that "we are very excited over the fact the each phase of work on the Handcamp property only adds to its potential in a most positive way."
What you own or have on the block or in your house has no bearing on whether the MM can short the stock----
He is charged to maintain an orderly mkt---and when buys outstrip sells he will short ---as in sell you the shares-- and later he will balance his books---either at the end of trading for that day or sometime in the next few trading days---
If you own a marginable stock in your account and a retail customer wants to short that stock,, your broker can borrow your shares and deliver them to the buying broker as long as they are in Street Name----
You can also direct your broker in writing that you do not want your shares made available for "shorting"---you can also take delivery to prevent other retail customers from using your shares to "sell short" stocks they do not own--
But "penny stocks" are not generally shortable by retail customers--legally----
The MMs can short any stock when is acting in his capacity of Market Maker----
JMO---Art
Short message---based on my past ---
Those of you who are going to trade NPHC shares under $1.00, it is my opinion that you pay particular attention to the fact that NPHC has already cleaned out expected areas of resistance----there is little to inhibit this move until after going thru the $1.00 level---
After NPHC shares becomes marginable you can expect another upward spurt with not much of a pull back---b/c those shares will purchesed with margin money---
I have found more success with "excitable" small cap growth stocks , with minimal float, in not trading out of a position----but just adding on pull backs----and building a strong position until able to take money out at cap gains rates---
jmo ---Art
Thanks ---I appreciate the effort you gave here--
art
Very nice posting--and very well thought out as you posted---I am a retired nyse/nasd broker/trader and you are quite correct on your call here---I am long , but only for a couple grand at a nickle----
thx for the post
art
Thanks Geodan---
Do we have any idea as to who owns what??? insider positions??? or how many shares are held by NPHC, if any???
Reason i ask is that this acts as though very closely held and even smaller float for free trading shares---this was a pretty big move for only half million in volume---
art
My take is based on the past---and is jmo---ok??
The day appeared to start out with an INFLUX of buy orders and no inventory---its a MONDAY---the MMs took it up to quiet the buying and bring out some shares --and they probably shorted the fills on the way up--
I was surprised to see this go thru 20 cents on so little volume, and on its first attempt---therfore i don't trust its ability to stay there-
One of 2 things for tomorrow----either we go up again just like today --on skinny volume and say hello to 30 cents.....due to a continued buying pressure.....(some one or group, who wants a large position and wants all he can get under 50 cents)---or, we close below 20 cents due to selling pressure and aborted buying.
As of now , there is no hard news-----just a lot of speculative optimism from product going on shelves----and all the above is JMO.
art
I have been using the product, both the gel and the spray for over 2 months---I have made 3 purchases of product----I'm happy with the product----my wife still uses the ibuprofen.
Hotdog-- RE:
We have 65.7 M OS, so that's why I think we are still liquid.
Perhaps the company could update the PINK sheet company info---they are reporting an OS of only 25.7 mil---
Secondly, I don't see XCHO reported in a large short position (buyins.net). So again, I don't see that putting any illiquidity in the mix.
On day to day mm shorting to maintain mkt liquidity you won't see anything posted----at buy-ins or any place else---they generally cover these imbalances rather quickly---if they are short over night then they are on the "horn" with other mms looking for inventory---
Today's activity was not indicitive of a surplus of MM inventory--I don't know where the shares are ,,, but they don't appear to be available at this level--
I am in this for much higher prices and it appears that it won't be long before we reach them---could make a very wonderful 2010 Christmas present.
art
hotdog---the posted figures for the OS capitalization is 25.7 mil and change---
Todays activity shows the lack of liquidity in the mkt for xcho--
This stock (IMHO) is going to go way up as the news and figures unravel--and there is not enough shares in the posted OS to provide and maintain a liquid mkt---
What happens when an institution puts an order in for a block of 500,000 shares,,,, or a couple of million shares?????????????
Were you in NPHC when it ran to a buck????/ b/c of its scarce liquidty----there was no need for it to run like that---
art--jmo
OK---just my educated opinion after 30 years in the business---started in 1961 with H.hentz on Wall St.....I have worked all sides of the desk---
art
Watch for the MMs to try and take this down and scare some weak shares out--my suggestion is hang tight ---even if you are a flipper---
art
There is an IMBALANCE in the market at present ---the MMs are in the process of correcting it----
Large buys will have a difficulty filling,, as the MMs will be shorting to fill until they get it high enough to draw some sellers----
This is not a liquid secuity like katx or evrm---but a stock split down the road will take care of that
art
Is there an update to the capitalization of XCHO???
Outstanding Shares
25,783,338 as of Aug 5, 2008
This is what is posted---
art
My wife was reading some of the older posts and saw where the PPS was supposed to be a dollar at EOY----
She then asked me what happened----I said, "Nothing"----She then asked the proverbial question----What do you think it will be this EOY--????
I said I would post her question and see if there were any prognosticators with a crystal ball,,,who would venture a "GUESS" for first, second, third or fourth quarter pps.
I told her not to get her hopes up---
cheers, art
Thankyou "Probart"--- if that was you, I appreciate the shares---I have been parked at .008 today, thinking that perhaps someone would get really frustrated and dump some shares ---and the MM would take it thru .008 and pick me off---
cheers
art
Sorry "alien-IQ" but sitting beneath or above the MMs B/A price does not do what you say---
Bid-Whacker is just a term like "Aw Sh-t"---and means nothing ---
I spent several years on the trading desk and I have yet to read anyones post who really understands what actually goes on--jmho
art
Well, I have been reading posts all day, both here and on the other boards,,, and essentially everybody says pretty much the same thing ------when ---
their "pet" money maker of the day is having a series of consecutive BAD HAIR days.....
If I had been clairvoyant,, I would waited until today to spend my $5k on shares,, instead of at .058 cents---I would have gotten a half million shares at todays pps----
Well, it is still the same company today as when I made my first buy---and ,, since I believe in my DD and the IBOX dd---I have used the "dollar cost averaging" principle of buying shares---
I will be buying again tomorrow when my funds clear---this time I will be getting considerably more shares for my dollar than the first time---
Increasing my share position, lowering my per share cost and increasing my odds for greater wealth next year--- when I will need to use it.----
AS long as I am accumulating shares for tomorrow, I am happy with the low and lower share prices----I know that it won't last ,,, as the company will eventually come forth with an 8K or a PR news announcement that will stop the selling and start the buying and chasing----
but I will be a buyer all the way back to the .058 area where I started----and I hope to have a substantial profit instead of just breaking even -----
cheers
art
tbrod
It would be interesting to know how many sold their shares of EVRM and "ran" over to XCHO ----
We have a lot of folks that follow both stocks and also follow "Sheff"---
art
PS---Just My opinion ----but they could get "whipsawed"---not much left in xcho at this level--- and evrm could move from here to .03 in a heart beat---also, the filp side is if they caught enough of the move they could be unloading xcho this week and slide back into evrm down here---
Investing Nurse---
Actually we are not "testing" new lows----We have been here before,, just revisiting ,, and none too happy in that regard---
There were considerable number of shares purchased below , as in way under, one penny----some had huge positions that at one penny still had substantial profit--
The appearance now that it will possibly be a longer time before another big move up they and other impatient flippers/traders/investors are selling---
When all this overhanging "debris" is moved out we will begin an upward move---even without news or a PR--
JMHO ..art
SO,,,, What's life without a little fun and sordid stock stories for the barstool---
art
I agree--
I bot into EVRM at .058,,,yep, that was me , right on the high,, well , it has to be somebody,, right??/
But, low and behold I got a chance to get some ,, at the time ,,, real cheapies at .026 and back up we went---
Then , again, Santa visited my door and I got to buy some more at .025 and prepared for another ride up---
When holy cow,, Santa had a Reindeer slip and fall,, and I got a chance at some really ,, really cheap shares at .016 and just couldn't believe my good fortune , so I backed up the truck---
I was able to get half a load when Santa's Reindeer took a 30 minute smoke & coffee break. That was Monday and I guess there is a Union problem ,, as they are still on break---So, I went and got my trailer and hooked it up to my truck-- Oh that .011 was sweet!!!!!!!!!!!!!---even put some in my wifes hanbag.
I just luv it when there is a "help" problem and prices stay low,,, and may get even a smidjin lower due to the government's inability to grease the skids and get Santa off and into the air---
cheers
art
ERoche
I do not know if this is correct for all companies on "PINKS" wishing to uplist---but I was told that for a certain "un-named" company to uplist it would require 3 years of "out of house" audited financials---the 3 previous to uplisting---and that the cost would be in excess of $100,000 to accompolish that---
I don't believe that would be the case here ,,, as EVRM is only about a year old in its own right---
Contracts and profitability here comes first ,, I would suspect,, then uplisting with audited financials----
It is possible that EVRM could by-pass the OTCBB-----it would only take a greater degree of profitability ,,, and that is not an impossible obstacle,,, unlikely??? improbable??? ---perhaps-----but not impossible.
I like who they are associating with..
art