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SEC to Supervise Hedge Fund Industry
By MARCY GORDON, AP Business Writer
Sun Jan 29, 3:34 PM ET
WASHINGTON - As financial lore has it, five pals scraped together $100,000 in 1949 to start what became the first hedge fund. Their ringleader and mastermind, Alfred Winslow Jones, was a Fortune magazine writer and former U.S. diplomat who had a bold new idea
Today some 7,000 hedge funds in the United States command an estimated $750 billion to $1 trillion in assets and leave a wide footprint in the financial markets, as they are believed to account for as much as 20 percent of all U.S. stock trading. They're about to be brought under new supervision by federal regulators concerned about their explosive growth and virtually unbridled operations.
But some big hedge funds are using a loophole to get around the new oversight, and the new regulation itself is being challenged in the courts.
Under a rule that bitterly divided the five-member Securities and Exchange Commission when it was adopted in October 2004, a new regime begins on Wednesday for these high-risk, largely unregulated and secretive investment pools. Hedge funds have traditionally been the investment domain of the wealthy but have become popular with small investors in recent years.
Soon after SEC Chairman Christopher Cox assumed that position last summer, he signaled that he wouldn't seek to overturn or revise the controversial rule adopted under his predecessor.
Institutional investors such as pension funds, 401(k) retirement plans and university endowments also increasingly have been pouring billions into hedge funds, lured by the prospect of high returns even in a down market.
"Hedge funds have become increasingly sexy for the average widow, widower and orphan," says James Cox, a Duke University law professor who specializes in securities law.
At the same time, SEC regulators have seen an upswing in fraud among hedge funds in recent years, and the agency has been bringing more enforcement cases against them — 51 in the last five years charging fund managers with defrauding investors of a total exceeding $1 billion.
"We are seeing a growing number of enforcement cases on our ... docket at a time when the growth and popularity of hedge funds have increased dramatically," said Robert Plaze, associate director of the SEC division that oversees hedge funds and mutual funds.
Under the SEC rule, most hedge fund managers now must register with the agency. That opens the funds' books to SEC examiners and makes them subject to an array of regulations including accounting and disclosure requirements. The examiners will be able to conduct inspection "sweeps" of hedge funds.
Thousands of hedge fund managers have already voluntarily registered. But some big hedge funds are using an exemption to avoid having to register — though SEC officials say it's not a loophole; they call it "an element in the definition of 'private fund' that is designed to distinguish between hedge funds and other types of funds."
The new rule applies only to those funds that allow investors to redeem their stakes within two years of buying them. The hedge funds in question are extending the so-called "lockup" period to two years.
Hedge funds profit by using unconventional techniques that are off-limits to mutual funds, such as short-selling, or betting on falling stocks or markets to make a profit from downturns. They also use derivatives, complex financial instruments used to hedge against risk, futures contracts and commodities options. Hedge fund traders are particularly aggressive and nimble, darting in and out of investments.
Other elements of the drama that has been playing out in the hedge fund world in the last days before its new regulatory regime:
_In September, two top officers of the scandal-ridden Bayou hedge fund suddenly emerged from hiding and admitted engaging in a fraud that totaled hundreds of millions of dollars — $450 million according to court papers. They pleaded guilty to conspiracy and fraud charges in federal court in White Plains, N.Y.
Daniel Marino, who was Bayou's chief financial officer, had written a suicide note last summer that was discovered by police. It was the most spectacular in a series of recent hedge fund scandals.
_In a Washington courtroom last month, judges on a federal appeals court panel hearing oral arguments questioned the SEC's legal authority to impose the new regulations on hedge funds. A lawsuit against the agency filed by hedge fund adviser Phillip Goldstein and fund partnership Opportunity Partners is still pending.
When the hedge fund rule was adopted in 2004 it split the five SEC commissioners. One of the two who voted against it, Republican Paul Atkins, even said at the time that there are "serious questions" about the agency's authority in the matter.
_What will they think of next? Perry Capital, a $10 billion hedge fund, used a complex technique to get the power to vote a company's shares in favor of its takeover bid for a rival — without having any money at risk. The SEC recently notified Perry that its enforcement attorneys are preparing to bring civil charges against it.
http://news.yahoo.com/s/ap/20060129/ap_on_bi_ge/hedge_funds_new_era
--------------------------
...thugs "supervising" thugs...perfect!
[edit] REALLY?, is that what this excitement is about?
i thought it was:
"...This is the first of the major carrier deals..."
http://www.investorshub.com/boards/read_msg.asp?message_id=9455529
but how is a pay-per-view carrier "thrilling"?
while i agree any addition/exposure is good, until there is a dedicated "free" channel, the market is limited
paying $20 a pop is not something that appeals to the masses
---------------------
btw, whats going on with the TA and confirmation of the current OS?
over 3 weeks of attempting to get an answer from the TA via phone and email, by myself and MANY others, and no response
doesnt that seem a bit "odd"?
and again, why was the supposed update of the OS deleted from the ibox?
re: "...Had 20% of the available Canadian cable subscribers within 3 months..."
if they already have 20% of cable subscribers, how does this "event" of a provider picking up the service come as a "surprise" or have any impact?
New SEC Guidelines Shield Shareholders
By ELLEN SIMON, AP Business Writer
Sat Jan 28, 12:55 PM ET
NEW YORK - How can the Securities and Exchange Commission punish corporate crime without punishing shareholders? The scandals of the bubble years ended with record corporate penalties and restitution payments. WorldCom Inc. alone was ordered to repay $750 million. Under laws passed after the scandals, the fines were returned to the shareholders whose investments evaporated when the companies crashed and their stock prices plunged.
But even hundreds of millions of dollars in fines at the corporate level did little to compensate shareholders.
So the SEC says it may turn to the individuals convicted of corporate wrongdoing for further restitution for investors.
At the beginning of January, the SEC issued a statement on financial penalties for corporations, saying it will look at "whether the issuer's violation has provided an improper benefit to shareholders, or conversely whether the violation has resulted in harm to shareholders.
"Where shareholders have been victimized by the violative conduct, or by the resulting negative effect on the entity following its discovery, the commission is expected to seek penalties from culpable individual offenders acting for the corporation," the statement said.
The guidelines are meant to bring "clarity, consistency and predictability" to the SEC's enforcement efforts, agency Chairman Christopher Cox said at a news conference.
As SEC Commissioner Paul S. Atkins said in a Jan. 19 speech before the Securities Regulation Institute in San Diego, "In financial fraud cases, shareholders, who are the ultimate owners of the corporations on which we impose these penalties, may have already been punished through reputational and stock-price damage."
Atkins called the SEC's statement "a more rational and systematic approach to deciding whether to impose penalties on shareholders."
Not everyone is impressed.
"The statement is so general, it really doesn't tell you much," said Peter J. Henning, a former senior attorney for the division of enforcement at the SEC who is now a law professor at Wayne State University in Detroit. "It's kind of what everyone knew already: If you cooperate, it's going to help you. If senior management were involved, it's going to be a problem. How extensive the wrongdoing was and what timeframe it covered will be considered."
There's been a push-pull within the SEC on penalties, with the commission's Democratic members in favor of penalties and its Republican members opposed.
For investors, there is no punishment for corporate crooks that will make them whole.
Take the case of John Rigas, the founder of Adelphia Communications Corp., which imploded after Rigas and his sons diverted $1.9 billion from the company for personal use. John Rigas and son Timothy were sentenced to jail terms last year. Both are appealing, but even if they do their time, shareholders in Adelphia, a cable company that went bankrupt, will still have dramatically shrunken portfolios.
The SEC imposed fines and restitutions totaling $715 million from Adelphia, but it didn't come close to pulling investors out of the red. The company's peak market cap, before the scandals and subsequent bankruptcy, was $8.4 billion.
What's the best way to punish corporate crimes?
"I wish I knew," Henning said. "To this point, no one has come up with one. ... It's so much easier if someone steals your purse."
http://news.yahoo.com/s/ap/20060128/ap_on_bi_ge/wall___main
----------------
yeah, right...not in our lifetime, lol
OT: nope, next one may 2007
http://www.almanac.com/astronomy/moondays.php
[i am a wealth of useless information]
OT: "...When you hear someone say "Once in a Blue Moon…" you know what they mean: Rare. Seldom. Maybe even absurd. After all, when was the last time you saw the moon turn blue?
On July 31st, you should look, because there's going to be a Blue Moon..."
http://science.nasa.gov/headlines/y2004/07jul_bluemoon.htm
darn!...looks like that chance past as well in 2004
OT: re: "...These things come along maybe a few times in a lifetime..."
hmm, where have i heard that before?
------------------
CMKX
"...I believe it will be the stock play of a LIFETIME..."
http://www.investorshub.com/boards/read_msg.asp?Message_id=9376376&txt2find=lifetime
GZFX
"...Not paying full attention to this timebomb, may prove the biggest mistakes some of you have ever made, LIFETIME..."
http://www.investorshub.com/boards/read_msg.asp?Message_id=9426907&txt2find=lifetime
EKWX
"... it is the investment opportunity of a LIFETIME..."
http://www.investorshub.com/boards/read_msg.asp?Message_id=8131298&txt2find=lifetime
IGGI
"...this one imo is a buy of a LIFETIME..."
http://www.investorshub.com/boards/read_msg.asp?Message_id=8512153&txt2find=lifetime
SPWP
"... the run of a LIFETIME..."
http://www.investorshub.com/boards/read_msg.asp?Message_id=8103174&txt2find=lifetime
SEIH
"...buy of a LIFETIME..."
http://www.investorshub.com/boards/read_msg.asp?Message_id=7734415&txt2find=lifetime
BCIT
"...opportunity of a LIFETIME..."
http://www.investorshub.com/boards/read_msg.asp?Message_id=6876571&txt2find=lifetime
and on and on and on...
----------------
holy crap!!...thats alot of "once in a lifetime"
OT: melvin
accessing one board/stock/"pick" from year 2000 in an attempt to bash an individual?
shirley you must be joking?
those were heady times...and as anyone/everyone knows, the market in general is a far different animal
btw, regarding "buybacks" [from 2001]...
"...Stock buybacks serve no purpose other than to try and bolster the stock price, much like the Federal Reserve intervening to support the Dollar. If Yahoo can find no better use for $500 million, why don't they simply declare a one time dividend?
More importantly, I am alarmed that Yahoo can find no better use for $500 million out of its cash flow than to buy back its own stock. It shakes my (admittedly weak) faith in Yahoo's top management's strategic abilities. A more sinister explanation is that a stock buyback (and the resulting rise in stock prices) is the easiest way for a management heavily vested in cheap options to reward itself without appearing to do so..."
http://arnoldkling.com/~arnoldsk/bubble.html
its from experience...
with several different stocks where there was "unexplainable" volume, which subsequent contact with TA's revealed a mushrooming OS, followed by S8[s], and confirmed by filings with dates of share issuance prior to the S8
...pretty slick, huh?
re: "...It takes at least 3 days before any S-8 shares are issued after a filing..."
really?
actually, i believe an S8 can be filed after shares have already hit the street
GDP growth slowdown unexpectedly steep
By Glenn Somerville
13 minutes ago
WASHINGTON (Reuters) - U.S. economic growth slowed sharply in the fourth quarter to the weakest pace in three years as consumers spent less robustly, growth in home building eased and businesses were less eager to boost investments, a government report on Friday showed.
Gross domestic product, the broadest measure of economic activity within U.S. borders, advanced at a surprisingly weak 1.1 percent annual rate in the October-December period -- little more than a quarter of the third quarter's 4.1 percent rate and the weakest for any three months since 0.2 percent in the fourth quarter of 2002.
The softer-than-anticipated data shocked financial markets, prompting a decline in the dollar's value and a jump in bond prices as investors prepared to shift assets from stocks into debt securities.
Fourth-quarter growth was far weaker than the 2.8 percent rate that Wall Street economists had forecast and reflected widespread softness.
Consumer spending, which fuels two-thirds of national economic activity, slowed to a 1.1 percent rate of growth, sharply below the third-quarter rate and the weakest since a 1 percent gain in second quarter of 2001. Spending on costly durable goods, which include cars and other items intended to last three years or more, plunged at a 17.5 percent rate.
That was the steepest drop in durables spending in nearly 19 years, since a 23.2 percent fall in the first quarter of 1987.
Analysts said the GDP report partly reflected the impact of Hurricane Katrina, which caused widespread disruption in the Gulf Coast region in late summer and fall.
"Taking it at face value, the hurricane played a big role in contributing to the weakness," said economist Richard DeKaser of National City Corp. in Cleveland. "Consumer spending was abysmal in October and November. It's an extremely weak report overall."
But some other analysts noted some of the negative influences -- like the hurricane impact -- could be temporary.
"Some of the recent data we have been getting is decidedly more upbeat," said Robert Sinche, a global currency strategist with Bank of America in New York. "The market looks at this as interesting history, likely to be revised up in future months."
In 2005, GDP expanded by 3.5 percent, slowing from 4.2 percent growth in 2004.
There also were signs of increased pressure on prices in the fourth quarter. The price index for consumer spending rose at a 2.6 percent rate in the fourth compared with the third quarter's 3.7 percent. However, the core PCE index, which strips out volatile food and energy costs, picked up to a 2.2 percent rate of increase from 1.4 percent in the third quarter.
The Federal Reserve's policy-setting Federal Open Market Committee is set to meet on Tuesday, and has indicated it is closely watching inflation. The Fed has raised short-term interest rates 13 times since mid-2004 and is widely expected to boost them again on Tuesday.
Economist William Sullivan of JVB Financial Group in New York said the soft GDP data might raise speculation that the Fed is near an end to its rate-rise cycle.
"These data might introduce a bigger element of doubt as to whether you will get another Fed rate hike in March," Sullivan said. "But right now there's a sense that this is a soft patch and that there is probably a reacceleration under way."
Business investment grew at a 2.8 percent annual rate in the fourth quarter, less than half the third quarter's 8.5 percent rate and the weakest for any quarter since a 1.1 percent drop in the first quarter of 2003. Inventories climbed at a $25.7 billion rate during the final three months of last year, a sharp change following decreases at a $13.3 billion rate in the third quarter and $1.7 billion in the second quarter.
http://news.yahoo.com/s/nm/20060127/bs_nm/economy_gdp_dc
re: "...100's of thousands of new investors will invest..."
ok, thanks for the reply
hmm, more SH's than MSFT and GM combined?
i am on the edge of my seat in anticipation
re: "...I’m “waiting” for that ultimate PR..."
whatever happened to "buy on rumor, sell on news"?
isnt specOlation a major part of what drives this segment of the market?
if the above is valid/true, and we are in the "buy on rumor" stage...what can be expected when/if the anticipated news finally hits?
it has been brought to my attention
that SW himself may be the transfer agent for this stock
does anyone know if this is true?
it certainly would explain why the listed TA NEVER responds to requests for share info
http://www.americanhst.com/contactamericanhst.aspx
it has been brought to my attention
that SW is the transfer agent for this stock
anyone know if this is true?
could that be why the listed TA never responds to calls/emails?
http://www.americanhst.com/contactamericanhst.aspx
and again, WHY WAS THE SHARE INFO REMOVED FROM THE IBOX?
fringe_remnant, re: EKWX, just curious...
werent you extolling the "virtues" of EKWX and godin at prices 10X the current PPS?
how many hundreds of M's of shares have been added in that time?
geez, sure hope you are "right" this time...particularly for those that need a 1000% gain just for breakeven from the previous "preparations for the ride"
you do draw darn "pretty" charts though
btw, where is this revived enthusiasm coming from?
you were calling for .0002 [just before the bounce for 100% gains]
have you been speaking to EG again?
how did sharing that "enthusiasm" and conversations work out for the common SH to date?
oh yeah...thats right...never mind...down 90%
maybe it will be "different" this time
General Says Troops in Iraq 'Stretched'
By NICK WADHAMS, Associated Press Writer
24 minutes ago
DIWANIYAH, Iraq - The top U.S. commander in Iraq acknowledged on Thursday that the U.S. Army was stretched but insisted forces here were capable of accomplishing their mission and any recommendation to reduce troops further would be dictated by the situation on the battlefield.
U.S. officials said Gen. George Casey was speaking about the Army in general and not specifically about the 136,000-strong force in Iraq. However, his comments are likely to fuel a debate inside the U.S. government over whether the United States can sustain the fight long enough to break the back of the Sunni Arab-led insurgency.
"The forces are stretched ... and I don't think there's any question of that," Casey told reporters. "But the Army has been for the last several years going through a modernization strategy that will produce more units and more ready units."
Casey said he had discussed manpower strains with Gen. Peter J. Schoomaker on Wednesday and that the Army chief of staff feels he can sustain missions around the world. Casey was adamant that the troops in Iraq were getting the job done.
"So, yep, folks are stretched here but they certainly accomplish their mission, and the forces that you've seen on the ground are absolutely magnificent," Casey added.
In Washington, President Bush brushed aside talk that the United States could not prevail in Iraq.
"If the question is whether or not we can win victory in Iraq, our commanders will have the troops necessary to do that. If the question is, Can we help keep the peace in a place like the Far East? Absolutely," Bush told reporters.
"And let me use the Far East as an example of what I'm talking about," the president continued. "There were some 30,000 on the South Korean peninsula. As you might remember, we reduced the amount of manpower and replaced it with technology."
Meanwhile, the U.S. command announced that two more American soldiers died Wednesday — one in a bombing south of Baghdad and a second of wounds suffered in a rocket attack in Ramadi. At least 2,238 members of the U.S. military have died since the war began, according to an Associated Press count.
At least 11 Iraqis were killed Thursday in attacks around the country, police said.
Also Thursday, the military released five Iraqi women detainees, a move demanded by the kidnappers of American reporter Jill Carroll. Officials said the women were part of a group of about 420 Iraqis to be released Thursday and Friday and that their freedom was not connected to efforts to free Carroll, who was seized in Baghdad on Jan. 7.
However, Maj. Gen. Hussein Ali Kamal said intensive efforts were under way to release Carroll, a freelancer for the Christian Science Monitor, and "God willing, that she will be released."
Casey spoke after attending a ceremony in which Polish troops transferred leadership of the south-central region of Iraq to Iraqi forces, the first such large-scale handover since the conflict began in 2003.
The transfer of authority for the sector, which includes about 25 percent of the country, was part of a larger strategy by the U.S.-led coalition to build up Iraqi forces and give them greater role in security — a move that could enable American and other international troops to draw down.
In a study for the Pentagon, Andrew Krepinevich, a retired Army officer, concluded that the Army cannot sustain the pace of troop deployments to Iraq long enough to crush the insurgency. He also suggested that the Pentagon's decision, announced in December, to begin reducing the force in Iraq this year was driven in part by a realization that the Army was overextended.
Defense Secretary Donald H. Rumsfeld disputed reports that the military was overextended, suggesting Wednesday that talk of an overburdened force was "either out of date or just misdirected."
Pentagon officials announced this week that the number of U.S. troops in Iraq has been cut to about 136,000 — their lowest level since last summer. Two years ago the U.S. force dropped to about 110,000 but was boosted after insurgent violence spiked.
Last month, Casey said he expects the troop levels to be brought to about 130,000 by the beginning of March and that more cuts could be made later in the year if conditions permit and more Iraqi soldiers finish their training.
On Thursday, Casey rejected the idea that personnel strains within the military would determine the pace of troop reductions in Iraq.
"That's not true, and the recommendation to begin the reduction of forces came from me based on our strategy here in Iraq," he said. "I made my decision based on operational reasons, and I'll continue to do that. As I've said all along I will ask for what I need to accomplish this mission."
U.S. officials believe the key to defusing the insurgency is a broad-based government that can win the trust of the Sunni Arab community. Talks are under way among Iraq's Shiite, Sunni and Kurdish politicians to form such a government following the Dec. 15 parliamentary elections, in which Shiites won the biggest number of seats but Sunnis expanded their representation in the legislature.
On Thursday, Vice President Adil Abdul-Mahdi said the Shiite bloc will decide on its nominee for prime minister in the next few days. Since the Shiites won the most seats, the law gives them first crack at the prime minister's post subject to parliamentary approval.
Abdul-Mahdi is among four Shiites mentioned as possible prime ministers. The others are incumbent Prime Minister Ibrahim al-Jaafari; nuclear physicist Hussain al-Shahrastani; and Nadim al-Jabiri of the Fadhila party, a religious group whose spiritual leader is radical Shiite cleric Muqtada al-Sadr's late father.
http://news.yahoo.com/s/ap/20060127/ap_on_re_mi_ea/iraq
WHY WAS THE SHARE INFO REMOVED FROM THE IBOX?
re: "...the deal being done not only with restricted shares but they are restricted for a couple of years...."
where did this info come from please?
and why was that info removed from the ibox?
re: "...Unless they used the 1B restricted already in existence..."
restricted shares are already issued/"used"
thank you.
how is it that you KNOW this is "divy'ers bailing"?, and not just mo' shares?
time and again, and again, and again, and again...
...on just about ANY stock, its been proven historically that after days of 9M share blocks, it was after all dilution
ANYONE that has had experience with this scenario will tell you the same thing
bigdannyboy454, no. eom.
bigdannyboy454, then how could OS be the same as oct '05?
OT: QUOTE OF THE DAY
"...Will the bleeding stop?
Who the heck knows... and who cares?..."
--------------------
operation to unravel oil markets continues...
NIGERIA IS HUGE
Nine Killed in Oil Company Attack
By DULUE MBACHU, Associated Press Writer
2 hours, 27 minutes ago
LAGOS, Nigeria - Officials of the Italian oil company Eni SpA said an armed assault on its offices left nine people dead Tuesday in Nigeria's petroleum-rich south, where four foreign oil workers also are being held hostage.
Recent attacks and sabotage in the Niger Delta region have helped drive up international crude prices, although the Italian company said there was no evidence the latest violence was linked to those incidents.
In the latest attack, nine people were killed in a shootout between an armed gang and local security forces at Eni SpA's offices in Port Harcourt, the Italian company said.
The Italian Foreign Ministry said that no Italians were among the victims.
The gunmen exchanged fire with local security forces and briefly occupied a bank near the base, leaving at about 3:30 p.m, about an hour after they showed up, Eni said in a statement.
"Eni has temporarily evacuated staff and contractors from the area of the base affected by the incident and the situation is currently under control," the statement said.
A company official, who spoke on condition of anonymity because the company bars talking to reporters, said the attackers stole cash in what the official characterized as a robbery. Authorities in Port Harcourt could not immediately be reached for comment.
The recent attacks and kidnappings have claimed at least 20 lives, cut Nigeria's daily exports of 2.5 million, and helped send crude prices higher on international markets.
Meanwhile, militants claiming to have taken four foreigners hostage Jan. 11 in the region said the oil workers are in decent health but had been moved deeper into the region of swamps and creeks after the government failed to meet the captors' demands.
Nigeria is Africa's most-populous nation, leading oil producer and the fifth-biggest source of U.S. oil imports.
Despite the massive amount of crude pumped from southern Nigeria, much of the region remains in abject poverty. Activist groups have been agitating for President Olusegun Obasanjo's government to provide them with a greater share of oil revenues.
An e-mail to The Associated Press that claimed be from the Movement for the Emancipation of the Niger Delta said Tuesday that Nigeria had not met the demand to release two of the region's leaders from jail.
"Be assured therefore that the hostages in return, will remain our guests," said the statement, whose authors' identity could not be verified. The kidnappers' demands and news of the conditions of the oil workers, who are from the U.S., Bulgaria, Britain and Honduras, have been sent from the same e-mail address.
The hostages "are in good health and have adapted fairly well to the conditions under which the people of the Niger Delta have been kept," the statement said.
On Saturday, the group's leader told the AP by telephone that the American hostage, Patrick Landry of Texas, was sick and warned that if he dies, his group would kill the remaining hostages.
The militants are demanding the release of Mujahid Dokubo-Asari, a militia leader from the region who is facing treason charges, and Diepreye Alamieyeseigha, a one-time regional governor detained on suspicion corruption.
The militants allege that the two ethnic Ijaw leaders are facing persecution by Obasanjo's government for advocating more local control of oil resources.
OT: luvtradin1
i am shakin' in my boots
Account: xxxx-xxxx-INDIVIDUAL
Order Type Security Price Type Quantity Your Price
Buy BKMP GTC/Limit 500,000,000 0.0007
Order Status: Executed
All-or-None: No
Order History
Transaction Date & Time Quantity Price
Order Placed 01/24/06 03:27:54.3 PM ET 500,000,000 0.0007
Order Executed 01/24/06 03:37:50.8 PM ET 500,000,000 0.0007
--------------
get my drift?
re: "...guess [just specOlating] is OS has increased to 4-5B..."
http://www.investorshub.com/boards/read_msg.asp?message_id=9360518
----------------------
By: justthefacts18
24 Jan 2006, 10:06 AM EST
Msg. 7605 of 7626
Jump to msg. #
You guys are talking divy's and the O/S has increased to 4.5 billion now
http://ragingbull.lycos.com/mboard/boards.cgi?board=BKMP&read=7605
By: justthefacts18
24 Jan 2006, 10:21 AM EST
Msg. 7612 of 7626
(This msg. is a reply to 7607 by terdfurgussen.)
Jump to msg. #
Call the TA his name is COLT so if anybody has called him they would know.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BKMP&read=7612
------------------------
it appears someone isnt telling the truth
either this individual or whoever posted the updated figures in the ibox
unstoppable?...
re: "...had almost record buying yesterday afternoon and now today nothing! Now that sure tells me that someone knows something big is in the pipeline and they got in awaiting the ride up..."
thanks for that explanation...i feel better already
looks like things are going as "planned"
have the common SH's fund an operations start-up, then cast them aside in a blaze of name/symbol/inc changes
TFN appears to be moving right along...
too bad the common SH wont be enjoying the spoils
but no worries...shares in a divi that has a year to change their corporate/capital structure as well
looks like another "no brainer"
[which explains an awful lot]
------------------
btw, didnt everyone learn after-the-fact that one of the biggest so-called "longs" was dumping his shares while he was still talking the stock up?
[edit]re: "...all i can do is believe him..."
actually, no, thats not "all you can do"
demand that the TA answer requests, so a third party can confirm the OS
btw, did SW tell you personally 2.5, if so when?
TIA
still no reply from TA...
...same as GAG ON TA
--------------------
"good" volume...SP keeps getting chipped away...geez, i wonder whats going on?
doesnt get better than this...
OT: thought816
where ya been for 3 years?, lol!
---------------
got a link to substantiate your FBI claims?
wasnt SW supposed to "correct"
the AS info on the inc papers?
whatever happened to that?
http://soswy.state.wy.us/Corp_Search_Main.asp
--------------
since it appears the share info in the ibox may not be accurate, is anyone going to make an effort to get accurate and current OS/float from the TA?
416-907-3118
ALL efforts/requests to date, both by email and phone calls, remain unanswered...and everyone that has PM me about this issue have had the same so-called results
any guesses as to current OS?
given that its been a full Q since the co has posted that info ["as of 10/26/05"], and the trading pattern/trends since that date, and that there must be some "normal" burn rate [besides consultants and pump sites], my guess [just specOlating] is OS has increased to 4-5B
looking forward to getting some type of confirmation
PS: anyone know what the OS was one year ago?