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OOOPS....that's .0075, not .075
SHAR....there never was much bid support during the run today and when SACM appeared on the ask, everybody withdrew what bid was there. I took it for .075 today and may try again monday. i haven't done the greatest with this one but it has been one of my better playthings lately.
if it's predictable---scalp it.
Thanks Art, I've seen it mentioned. Didn't pay much attention. Have to get me some of that. Sounds like a real winner. Have to check the chart for a reversal though.
Speaking of mega r/s's, does anyone here remember a Christine Favara stock that about a year ago was GMBI? I'm sure that it has undergone a couple more r/s's and name and symbol changes since then. I was going to keep an eye on it and forgot.
A year ago, the 5 year high was over $5,000,000,000 (that's billion) per share. i'm sure that after at least another 1/1,000 r/s, the 6 year high is over $5,000,000,000,000 (that's trillion) per share, maybe even $5 quadrillion.
Something for GVRP to aim at? HUH?
right....let's not be insulting cows. if there is one thing they have, it's integrity; the integrity to be always cowish. i only ran across one i couldn't trust to be predictable.
that's almost everyday i think
OOOHHHH....how slow that combersome organization is. besides, why override the system. we were due the 3mil shares and we got them right on time. the DTC overrode the day after by claiming not to honor those promissory shares. on normal short sales, they just credit the shares and see to the delivery later. lately, though, it seems they have been habitually just delivering promises and not shares.
AT and the DTC have an automated system. see post 66019
this was one time when their system caused a problem.
AT credited per their usual procedure. it was the DTC that failed them this time. it's all a matter of the magnatude of the problem. for a 2,999,999 share dividend, the TA can issue only 32,999,989 more shares than the 11 pre split shares outstanding. that means that any more that 30 mil shares out there is merely printing press dilution.
wish i had not yanked my sell order on the 23rd.
if brokers wait until they have shares to distribute then that would end intra-day trading. when you sell shares that you bought a half hour before, you're selling a promise by the broker to deliver shares they will receive on settlement of your initial purchase. that's why cash from unsettled trades is restricted until settlement of your purchase.
the dtc shuttles those promises around to where they are needed. the problem with gvrp is that the dtc didn't send the promises. no promises delivered...no pressure to cover any short.
just my take.
and, i doubt the shorter will cover, there will be no short out there to cover. he will just have a few less shares. it will be as though he made regular sales for exorbitant prices.
i would say that is a high probability. who would pay even .0001 for this massively diluted pig.
when the shares are delivered to your account, in my opinion, they will be worthless and not tradable. this is merely super dilution. may solve the liquidity problem but constitutes a fraud on the public.
will it go all the way to the pinks like REAL??
an arguement could be made for your original statement. the split was appearantly paid befor the paydate and did show up in someones account. but just as we are held responsible for knowing what we trade, so is the original seller and market maker.
i agree that the 414B were not attached to the 138k sold. but i disagree that the 138k formed part of the f/s for the one share. the 138k sold constitute a naked short position.
the way i read it is they are issuing shares to cover the sales. those shares will be delivered as real, diluted shares. there will no longer be a short position to cover.
once all the trades have settled using the issued shares, they r/s all holders into nothing.
well, i take it seriously. my first post on this board voiced my opinion as to what they could try. the sec, nasd and all the brokerages are sick enough of this whole mess that they would probably prefer to sweep it under the rug, let the company do as it wishes and get on with business.
similar to what i thought would happen. issue shares to dilute and then r/s us into oblivion.
DGIT...they are back to picking at the bid $100 at a time.
they would have to flag just those stocks then. i can't see them doing anything so specific for stocks off the exchanges. i would bet they would implement a system wide, universal, no exeptions type of ritual.
that last part scares me.....what will happen to fast execution?
that puts it better that i can.
the short ain't fictional, but the shares are. they borrowed shares that didn't exist and sold them to us. they sold ficticious shares and we hold ficticious shares. any short position creates fictional shares until they clear. problem here is that there is no way for them to clear the trades.
Issue shares to whom? us? shares would still be worthless, we would own the company, and no need to cover. covering would only be forced by the existence of the fictional shares out here in everyones account. the short cover will nly happen by demand for real shares.
Rocket Blasters....that's what they are trying to do when they tried increasing the a/s to 250 trillion. if they do increase the o/s to cover short, shares will be worthless.
TRBY...was a nice .018 flip yesterday on news, but news was nothing that wasn't expected.
MCZ....rather large insider selling. latest filed on monday.
ADST....out half. hope i didn't do that wrong. tell me if i did.
LBIX...i'm shareless from .81, sold too soon as usual, looking for a pullback.
sometimes i see BRUT show up for me. i first noticed that last week.
i noticed that too. ...puzzled...maybe that will start a buyout rumor.lol
i liked it when i was worth 2.3 billion last weekend.
hey buckey, i hope your are right. i'm just playing a little devil's ad. here. trying to think how the sec would view this.
well...there was a bit of tongue in cheek there, but you will have to admit that those who oversee the system see us very little differently than those who started the screwup in the first place.
they used to throw candy to the kids from the firetrucks in the parade (they had to quit with the water squirting cause someone slipped and sued). the kids would run out into the street to get those big bunches that get all the way to the curb. the parade gets halted and the kids reprimanded for running out into the street. now, the kids get no candy because they acted normally. they weren't punished purposely but that was what was required to avoid clogging up the system.
well, i think we are all a bunch of greedy lunatics trying to screw someone who made a mistake. after all, isn't that what we try to do everyday, try to sell to someone who's buying when we think they should be selling?
we saw a chance to screw back on a monumental scale. this sort of thing just fouls up the system and it's the system that they want to protect, not those who foul up the system.
"they know you aren't just another lunatic"
oh, i bet they think that we are all lunatics for buying into this crap. not only do they want those who tossed those 3 million extra pucks on the ice dragged out of the stadium, they would also want all of us lunatics who ran out trying take advantage of the situation booted as well.
they don't like anyone clogging up their game.
i'm sure they thought that up all by themselves. it's perfectly logical and if they had gotten away with it, they would have ended up with a hefty pile of cash in the bank.
people will try anything unless they are stopped.
oh...i forgot to add....those that already sold post split shares would keep the money, those who bought them lose all.
just what i thought they might try. issue enough shares to all the original share holders in proper proportion so that the short seller couls purchase from the company enough shares to cover his short with (for a nice fat and punishing sum of bucks), that money goes to the company coffers, spread those covering shares throughout to system so that we all have real shares, then r/s us all into oblivion again.
original shorter who caused this mess in the first place gets punished but still survives. the company ends up with a nice hunk of change in the bank, and we all disappear.