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SRUN trading nicely, today. Isn't that the shares that Enova shareholders will be receiving? eom.
Peace,
M&M Man
Very nice chart on top of good news. . .
http://host.wallstreetcity.com/wsc2/Chart.html?Timespan=130&0fval0=104&1fval0=216&2fval0...
Keeping the faith. . .
M&M Man
Ray. . .see your private message. Also, I'll keep an eye on the CHAG Club site for confirmation that this "E" thing is behind us. Right now, my CSFBDirect account will not pull up a quote on CHAG. . .but it does pull one up on CHAGE. Tomorrow, the stock should be trading under its normal symbol. What a pain. Oh well. . .what can one do accept deal with the beauracracies that present us with their errors (the NASD@!).
Peace,
M&M Man
"..... for the next month or so ..... expect the unexpected ..... strong and focused .... Rich"
Rich. . .does that mean we should expect the shareprice to go up LOL!
Methinks it's a good time to take a LONG vacation and hope that when I return. . .the OTC BB market has come back around. Anyone up for about 9 months of fishing? LOL!
Peace,
M&M Man
Energy Company Chancellor Group, Inc. Announces First Crude Oil Shipment From Kansas Field
BOSTON--(BUSINESS WIRE)--May 29, 2001--Oil and Natural Gas company Chancellor Group Inc. (OTC: CHAG - news) announced today that the first shipment of oil has gone out from their Shinkle Field property in Kansas.
Chancellor Group shipped an initial 180 barrels of 23 degree API crude oil on Friday from the Kansas property, and plans are under way to schedule additional pick-ups in the very near future. The frequency of these will gradually increase as further existing wells are brought on-line and the infill well drilling program gets underway.
The Company stated that various equipment failures and ongoing repairs have resulted in lower than expected output to date, but that this situation is being rectified in an orderly manner, and that both production and output should increase steadily over time. The Company has been hampered by very old equipment and facilities, much of which is being replaced currently. The Company has commenced a comprehensive rehabilitation program to bring these wells up to industry standard, and the Company stated that this program should enhance and improve the performance from the existing wells as it is completed. In addition the Company announced that it was sending a new production engineer to the site this week to further bolster existing personnel and expedite the completion of the rehabilitation program and to improve production numbers from the existing wells.
The expected average lifting price was around $22 per barrel owing to lower than expected average crude quality. Crude quality was affected by problems with a separator tank, repairs to which should be completed by next week, but in the meantime is being bypassed so as to continue the flow of crude oil production into the storage tank for collection. Also, the majority of the crude shipped was derived from the squirrel formation on the property.
The Company intends to bring as many as 18 of the existing wells back on line over the next 4-6 weeks, and to improve the performance characteristics of each well as the remediation program progresses. In addition the Company in early June will drill the first of 20 new infill wells, and will define the extent of the natural gas reserves on the property, as well as likely extend the proved recoverable oil reserves, and the field life of the property. Output will increase substantially as the new infill wells are drilled and completed, and as the remediation program is completed.
Shane Rodgers stated, "We are very pleased to finally announce that the first shipment of crude oil has been picked up from our Kansas property. It has truly been a battle achieving this pick-up due to continual remedial work on the oil wells, and unforeseen weather and technical problems. I personally would like to take this opportunity to thank our shareholders for their patience and support as we continue to work on developing and delivering oil from the Kansas property. It has been a long road for the company and its shareholders, but we are very excited to finally be moving from the start-up phase and into the production phase of our business plan."
About Chancellor Group
Chancellor Group, Inc. is an emerging small cap energy company involved in oil and natural gas production, and currently has oil and gas properties in Kansas, Texas, and Kentucky with substantial proved recoverable reserves. The company currently has approximately 29.7 million shares of primary common stock issued and outstanding, and 38 million shares fully diluted.
Chancellor Group web site: http://www.chancellorgroupinc.com
Investor Research (real audio): http://www.wallstreetnewscast.com/chag.html
Chancellor Group Yahoo Club: http://www.yahoo.com/clubs/chancellorgroup
Corporate profile also at http://www.oilandgasprofiles.com http://www.wallstreetdailypress.com
Certain information included in this communication contains statements that are forward looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. These forward looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
CONTACT:
Chancellor Group, Inc.
Ashraf Khan, Chairman / CEO
ceo@chancellorgroupinc.com
OR
Broker/Investment contact
Tom Bustamante, 212/233-9301
tom@wallstreetnewscast.net
KEYWORD: MASSACHUSETTS
Ray. . .hoping things begin moving, soon.
Peace,
Mark
http://www.otcbb.com/asp/dailylist_search.asp?SearchDateForm=TRUE&OTCBB=True&fromdate=05%2F2...
Ray. . .Beats me what is going on with this "E" matter. There are several emails that have been posted, and statements posted as well (on CHAG Club site, and elsewhere) confirming that the "E" was not coming. Now, I read a PR saying the "E" has come. . .and should be off tomorrow. What is going on, here? I wonder if CHAG is going to clear this BS up?
Anyway. . .the PR today was good. There should be more news coming soon. However, until the "E" debacle is cleared up, CHAG is better off not releasing any PRs. Too bad that unforeseen errors on behalf of someone else, can rain down on a company . . .so tough . It's just another "negative" glitch that CHAG must overcome. I would think that continued production of oil. . .and clearing up the "E" debacle, will turn the stock around. Or at least, get it moving forward. I'm throwing my arms up in the air. Who knows? It sure is more comfortable dealing with the issue from a "long" perspective. Daytraders are probably made as hell! LOL!
Peace,
M&M Man
eloise. . .
Today, should be an interesting day. The "E" event that never transpired, has panicked a couple of people. Mostly the longs, however, were the ones that summoned the confusion. It was clear that CHAG has filed their 10Q. .and filed the extension. . .on time. So, I'm not sure where the panick stemmed from. Many, just want CHAG to do something on time, I suppose LOL. Okay. . .lets see if they can deliver on TODAY's promised PR.
Keeping the faith. . .
M&M Man
EZ ~~ Ray is getting all excited about that as well. It has been noted on the CHAG Club site by another investor that CHAG is fully compliant with all rules. . .so the "E" is of no concern. I do not know what's going on with the Yahoo! event. I'll check into it as time permits. Nonetheless, looks to me like another great opportunity (in the midst of confusion. . .the weak will jump. . .when it's cleared up [probably before the market opens on Tuesday] those with the savvy will come out on top). Lets see what happens.
Peace,
Mark
From the CHAG Club Site. . .
chancellor_chag
(40/M/Los Angeles, CA.) 5/25/01 11:41 am
NASD made an error in putting us on their daily list yesterday. They have acknowledged that and apologised to the company. All our filings are in order! If you check the daily list today you will clearly see that we have been deleted from it.
Good grief. . .the buyers and sellers must all be on vacation for both CHAG and HRCT LOL! That's a sign! Everyone have a great LONG weekend!
Peace,
M&M Man
CHAG filed the 1st qtr 10Q on May 18,01...Couple days late but it has been filed......Maybe someone can call Shane. If I would have to guess I would think OTCBB is just late on their news.
May 18th filing.. http://cnbc.primark.com/results.asp?TICKER=CHAG&TYPE=all
And the 10QSB.. http://cnbc.primark.com/results.asp?DCN=01643256&REQUESTTYPE=GET_DOC&TYPE=getdoc&SYMBOL=...
Looks like CHAG goes to the "E" zone on the 29th. I'm sure that will be interesting.
Keeping the faith. . .
M&M Man
Tinberrygood ~~ I seem to have formed the opinion that starting on the AMEX would be the best thing for HRCT (instead of focusing on bigger/major exchanges). Even if there is an ETNS relationship that starts with HRCT ~~ in the near future, trading on the AMEX will at least provide them with credibility until they grow large enough to move to another exchange. And with the AMEX looking for Chinese companies to list. . .what other OTC BB company would better than HRCT? Anyway. . .
Anyway. . .I believe most of the longs that have been following the stock already knew that potential merging partners were coming for HRCT & subsidiaries. I find myself in full agreement (with your statement) that it would be very nice if HRCT could find some type of American partner/merger or buyout. . .that would add credibility with the US investors/brokers, etc. Anyway, I would suspect that SA will merge with TSS. That's almost a "give me." How shares in that partnership would be distributed to HRCT. . .is still unknown. It should, however, be interesting to follow.
Sinobull.com: My best guess would be that Sinobull.com will merge with a broker in Hong Kong. Who else would want anything to do with investing?
Innostar: If Innostar is going to transpire, ETNS would probably be the backbone of the network structure. Who knows? Why else would ETNS be mentioned so many times in the past little while? ETNS valued at 400 million USD. That should be interesting.
Follow-through: Now it's time for HRCT to begin delivering the goods. This SHOULD BE the time period when things begin falling into place.
Keep the faith, my friend. And keep up the great work. Much of your research is revealing the potential way in which HRCT may be drifting. . .
Peace,
M&M Man
Update 5/25
It has been posted on the CHAG Club site that there will be news coming next Tuesday. I would expect that to be inclusive of an update with what is taking place on the KS property. I still remain very optimistic that at the present price range, CHAG is a value.
Keeping the faith. . .
M&M Man
Hart ~~
I think you are 100% correct. Next week at this time things will be different LOL! Perhaps we'll have news.
Keeping the faith,
M&M Man
MBR ~~ It only took about an hour (or less) for all of those shares I sold, to go. The market makers probably have block orders to buy. . .lined up as we folks who need the cash, let go of blocks. Mine sold in 5K and 10K increments. I would suspect those shares will fly right on out the door if HRCT has other buyers lined up. With this connect between SA and ET, I can't for the life of me figure out why the Chinese aren't doing everything possible to take all of our shares at the bargain basement prices. Perhaps the Chinese do have large block orders in? Who knows? The Canadians say they are our support at 50 cents. Where are they now? Anyway, no sweat on selling shares . . .they will usually go to the market makers if nobody else wants them. The market makers will then begin selling them on news. That's why the stock price typically goes down on news. Interesting, huh?
Okay. . .EZ: The PR pertaining to the 144 shares does not mean that all the shares went at 48 cents. In fact, many may have gone for much higher than 48 cents. The information probably pertains to the cost average of the sale.
Lets go. . .HRCT. I feel an upswing coming soon.
Peace,
M&M Man
EZ ~~ Series 144 stock issues are typically acquired via private placements. It is often the case that the "files to sell" trigger isn't released to the market until the sale has been taken care of by a stock transfer agent. In other words, the stock is "short" until the sale of the stock is okayed by a transfer agent and the company of concern. At least that is from my experience of the issue. If someone has a clearer picture, it would be nice to hear the perspective.
Anyway. . .Eagle One may very well be correct. It may be a matter of the shares finally becoming eligible for sale, then the transfer agent transfers certificates. However, it seems cofirming that the shares were sold because of the "value" stated in the release to the market. It's all very confusing, and I'm not sure if there is an absolute answer to it. Perhaps the person that filed to sell them can clear it up?
Peace,
M&M Man
Hi Eagle One. . .
Bro Andy,
I think what you may have done was "register" your shares for sale. I may be wrong, however. When I first registered my restricted shares. . .nothing came up as far as filing to sell shares. When I actually sold some of the shares I had registered, it came up as a shareholder selling restricted shares. So. . .in effect, there may be different situations out there pertaining to the issue. But from my past experience, when a sale takes place. . .the little alerts pop up on the filing of those shares. That's my best understanding.
Hope all is well in Memphis! Lets keep our faith that HRCT will overcome this OTC BB market doldrum.
Peace. . .and God's best to you,
M&M Man
Another 650,000 shares of HRCT restricted shares filed to be sold, today (or earlier in the week. . .). "American Friends, Israel Arts and Science. . ."
I don't know about anyone else, but it's quite odd that so many shares by huge 144 restricted shares holders are going out the door. This is exactly what Joe eluded to, and many other longs. HRCT's major shareholders have reached a "point of fatigue" with their investment. Lets hope we pull out of this tailspin.
Peace,
M&M Man
Joe. . .I "definitely" share in your disappointment. I believe it is going to be very difficult for HRCT to redeem themselves from all of the high expectations that were touted to shareholders in the past year. Nonetheless, I feel redemption is possible. If I were CEO of HRCT. . .this would be my priority list:
1: Get some type of value on the Enova shares. Fast. The true longs. . .the people who held this company up during their "building phase," are getting disturbed that nothing is being delivered on the Enova position. It's past time for that to change.
2: Get HRCT listed on a viable exchange. The longs have been pushing this issue, forever. Now, it appears SA will have more power for that to happen. I do not see how HRCT can "IPO" anything of substance while they are on the OTC BB. They have already proved to everyone it has never worked. What other proof do they need?
3: Follow up with the IPO of SA, SB. . .and with whatever association ETNS is going to have in the relationship. . .AFTER #1 and #2 are complete.
Perhaps my messages are getting a bit "too forward" for some posters. . .but the longs are tired of watching HRCT bobble around 50 cents. . .with no news of what is going on with the SA IPO (sometimes NO news is GOOD news. . .no doubt!). But the way it sounded to me. . .and many longs, last year, HRCT was already positioned to take over China LOL! Oh well. ..shoulda, woulda, coulda. What difference does it make now? Lets just hope the boat continues to roll forward.
Peace,
M&M Man
Kato. . .LOL! I think we'd have to suck pretty hard to bring crude out of the tank. Anyway. . .I'm looking for news within the next 48 hours. I can't see how they would wait much longer than that. However, if it doesn't come by Thursday. . .I wouldn't expect to see anything until early next week. We really need an update.
Peace,
M&M Man
Tinberry. . .I like it. I wonder how things are going with the Sinobull dream? The next month or two should be interesting to monitor.
StreamingAsia.com: I hope they list on the AMEX AFTER HRCT does. I have read many reports and watched MANY OTC BB stocks with "high hopes" of listing. . .elsewhere. I think HRCT's best chance at super success is to get listed. And the AMEX appears to be hungry for companies in Asia. Why wouldn't they list HRCT?
Okay. . .gotta run. Hopefully, by the end of the year. . .we can "count our blessings."
Peace,
M&M Man
Kato & George. . .Do you two think that CHAG will begin pursuing alternative sources of energy once they get their oil and natural gas fields developed? That would be a good idea for "future" considerations. Right now, however, oil and natural gas should be GREAT for the next two or three years. Particularly the next 6 months. Now. . .if/when CHAG delivers, we'll find out how large their following is.
Peace,
M&M Man
CHAG needs to deliver, real soon. I'm hoping we hear news on the initial oil production rates and sales agreements within the next 48 hours. If not. . .it may be a long weekend.
Peace,
M&M Man
MisterEC. . .Your points are well taken. I posted a message to BillBlake on the RB thread, stating that I believe the increased %interest in SA (by HRCT) will position SA to have a more powerful market position and it will also enable HRCT to report more revenues ~~ which in turn, should give them more power to IPO ETNS on a major exchange. Whether that is their logic, I do not know. However, has anyone ever heard of an OTC BB IPOing a subsidiary/affilliated organization on a major exchange? HRCT will probably fare much better if they can get themselves listed on a major exchange. . .prior to making any announcements that they intend on spinning off one of their subsidiaries (or potential subsidiaries) on a major exchange. HRCT's leadership needs to understand that concept. And if their understanding is different. . .it would be nice if they would explain it. I'm just tired of watching OTC BB stock companies announce that they intend on listing on a major exchange. . .and then years later. . .they are either defunct, or still on the OTC BB waiting for the next pump to come along.
Who knows? Maybe I'm right, maybe I'm wrong. One thing is for certain. . .it's a long road to Zion.
Peace,
M&M Man
EZ ~~ Those revenues are based on a 9 month outcome (I believe). A couple million dollars in revenue for a company that has soooo many wells (and gas!) is very strange. It is possible CHAG will have revenues exceeding 50 million dollars in the next 12 months. At least, these are some of the figures touted around and about on the net. I'll look for some type of confirmation. Potential EPS of 40 cents per share in less than 12 months (not taking into account unexpected expenses/delays. . .and all the fun stuff associated with getting a dormant property moving). That KY property (winning the legal battle) should make CHAG's shares sing.
Keeping the faith. . .
Peace,
M&M Man
PS: Let us know what else you dig up!
Tuesday May 22, 9:00 am Eastern Time
Hartcourt to Purchase an Additional 35% of StreamingAsia
Agreement Will Make Hartcourt an 85% Owner of StreamingAsia to Consolidate Financial Results and to Bring SA Public
LOS ANGELES, May 22 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: HCT) www.hartcourt.com, today announced that it has agreed to purchase an additional 35 percent of StreamingAsia Ltd.(SA), the leading Webcasting solutions provider of Hong Kong, making Hartcourt an 85 percent owner of SA. The change is necessary to facilitate Hartcourt's effort to bring SA into a public vehicle. Mr. Alan Chow will remain the CEO of StreamingAsia and Mr. Patrick Kwan, the founder, will stay on as Chief Technology Officer.
Dr. Alan V. Phan, Hartcourt's Chairman, said, ``We believe multimedia streaming is the technology of the future. From education to entertainment, Webcasting will contribute substantially to the dynamic growth of these industries. By owning 85 percent of SA, we shall have a free hand to merge SA with Total Solution System (TSS), another Hartcourt affiliate, as well as with many other multimedia companies. We are happy that we now have the opportunity to transform SA into a much bigger entity.''
About StreamingAsia Ltd.
StreamingAsia is Hong Kong's leading Internet Broadcaster providing comprehensive audio and video delivery or streaming solutions to businesses, professionals, organizations and content publishers. The StreamingAsia Group of companies (LogicSpace, SyndicateAsia, and StreamingAsia) provide comprehensive IT, content syndication, and streaming media solutions. Its powerful network infrastructure enables the Group to stream superior-quality audio and video content over the Internet to targeted web-enabled audiences all over the world. Other details could be obtained via the Company web site, www.streamingasia.com.
About Hartcourt
The Hartcourt Companies is a holding and development company that is building a network of Internet and telecommunication service companies in The People's Republic of China (China), including Hong Kong, in partnership with Chinese entrepreneurs as well as Chinese government-owned entities. Hartcourt's business goal over the next three years is to complete a series of IPO's or spin-offs focused on four main divisions: the StreamingAsia Group of video web-casting; the SinoBull E-finance platform and data provider; the broadband ISP and internet infrastructure group of ETNS; and The Hartcourt Capital Inc., the financial transactions group (online banking, insurance, equipment leasing, mortgages, credit, bill payment, etc.). Detailed information on Hartcourt can be obtained via the company's web site, www.hartcourt.com.
Forward-looking statements
Certain statements in this news release may constitute ``forward looking'' statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
George,
Don't forget about the Snake River, Moscow (Quardelane sp?), and many of the great southern streams/rivers in Idaho (Bear River, Cub River, etc.). I lived on the border of Idaho for over 20 years (in Northern Utah). Very nice area. The Wasatch Front. . .and Strawberry Canyon. . .beautiful. Anyway. . .
Hoping we hear something on oil being shipped, this week (CHAG). Mechanical concerns will continue to plague the company until all wells are operational ~~ I'm sure. Nonetheless, it shouldn't be long before the entire KS field is fully functional (perhaps by the end of the year?).
Keeping the faith,
M&M Man
Egl1andy. . .
It is very unfortunate that all of us that are still invested in OTC BB stock issues "believed" that the OTC BB would eventually come to justice. Nasty. Just nasty. The OTC BB needs to be brought to an end. That is how it will be cured. But then again. . .I've seen manipulation on so many stocks on the AMEX and NASD (even the NYSE!) that I'm beginning to wonder if it's just best to sell the darn things when they're up, buy when low. . .and remain "detached" from everything but the objective analysis of the market. I know this much is true, I'm never holding an OTC BB stock that runs like HRCT did. . .ever again. HRCT may very well become a major player in the high tech/stock market world. But I can't imagine why anyone held the stock (that bought at 30 cents) after it ran to twenty dollars. OOOPS! Anyway. . .live and learn, I suppose. One thing is for sure. . .it will NEVER happen again.
As far as HRCT going back to the 10 dollar range. . .Only if they list on the AMEX. . .and HRCT begins delivering on promises. Otherwise, HRCT is destined to stay around 50 cents to a dollar.
Keeping the faith,
M&M Man
PS: I really, truly believed this stock would be off of the OTC BB market about 12 months ago. Now, I really truly believe it may never get off of the OTC BB. Not unless someone that knows what they are doing comes onboard. HRCT's present management has not proven that. However. . .to be proven wrong in this instance would bring tears to my eyes;)
Interesting Read. . .
By: jmcjmc $$$$
Reply To: None Saturday, 19 May 2001 at 4:25 PM EDT
Post # of 34754
Per the SEC, changes are coming for the penny market. The following information, if you invest in penny stocks, you will find to be a breathe of fresh air. It's about time.:)
Around the first week of May, 2001, I read a post from someone who got an email back from a guy at the SEC. I called the guy for questions. It turned out that naked shorting/manipulation wasn't up his ally. However, we talked for 10-15 minutes about nakedshorting/manipulation.
He had to ask me exactly what naked shorting meant. I explained the entire situation with information on the companies that are fighting the "short", he was intrigued. He even said "wow, how do they do that" (sell virtual shares). I said I could email you some "stuff". I did. A couple days later I emailed him to ask if he could give me a name and a number of someone closer to the action. He did a little better. I received a call from an SEC official on 5-15, that seemed to me, said maybe more than she should have? I spoke to the same official on 5-18. Here is what she said.
I would like to mention the demeanor of this person I talked to - imo, gitty and excited to be in the middle of this.:):) First, she said she has received 4,000 complaints from investors about shorting/manip in the penny arena. Those 4,000, I'm not sure if that was the total or just what she has seen. Obviousley, tons came from pcbm but the complaints were in general. I did not inquire specifically about pcbm, but as I talked about all the companies that are asking for cert pulls, companies doing dividends etc, I passed the name on of a few companies. She is aware of all of them.
Here is the current situation. She told me to watch the SEC website for proposed rule changes for the penny market. She said she wished they could have gotten them out already, but they should be out this summer. She said they want feedback, ( I think that last 90 days) both positive and negative feedback.
I asked a few point blank questions, and to my surprise, they were answered - in flying colors I might add.lol I asked if she thought that naked short selling is happening to the point of manipulation. The answer was yes. She said "We are completely aware of what's going on out there". I asked her to what extent are some issues being shorted. She said "We are seeing indications where the short has gone beyond the entire O/S." Now, if she would have laughed and said "No, there is no way the manipulation goes to that extent." Mine, and all of our hearts would have sank. What this means is that, were not nuts to have thought the mm's have been doing this to the extent we thought. We were right all along.
So we started talking about rules. First, for the otcbb market, rule 15c211 really doesn't seem to be effective or enforced. There is a problem with it. MM's are not closing out and going even monthly like they are suppose to. This is about when, w/o me asking, she was giddy and told me she would love to tell me the changes in the proposal are but she can't. In regards to pink sheets, worse yet. She said that the SEC doesn't govern the buyback/go even stuff with the pinks but she said to the best of her knowledge there are no rules pertaining to that with pink sheeters.
She is aware that there is a "movement" from us investors trying to nab the shorts. I asked her if she thought the mm's are aware that "we" are onto them. She laughed and said "I don't know, I would think so."
Asking about the actual process of busting the shorts and creating a buy in, that was not up her ally. But as we know, pcbm is right on the doorstep along with numerous other companies. She told me I could call anytime, I will see if I could possibly get a name and number of someone at the SEC who can talk about the mechanics of a buy in.
She brought up another rule that isn't being followed. Rule 153c-3. Yes, someone else is being naughty too,lol your broker. They are required to have you sign a release in order to allow the broker to lend your shares out with your margin accounts. Have you ever signed one of those? She laughed and said "That particular rule isn't being followed."
Now, regarding the proposed changes, I asked how long it can take to make actual changes. She said they are in a tough spot right now because they have no chairman at the SEC at this point. So, who know's. The situation is, those changes when they do happen, won't effect companies that are now battling a short position. Again, many companies are doing what they can legally to get it busted. Along with pcbm, I understand there are others knocking on the door.
The situation as I see it is two fold. One, and should be foremost, is that change is coming to the penny world that should make this game somewhat fair. THAT is huge. Secondly, as I mentioned, with tons and tons of circumstantial evidence, and now what the SEC confirms, it shows we were on the right track all this time.
Here's a couple of thought I have. One is, the mm's have been playing this game a long time. Guess why it's coming to an end? Answer, the net. The forum, unity, gumption lol, brains, have all come together. The rule changes have come too late to save the mm's from themselves. I believe we will go into the next era of investing which we can dub "The big bang theory.":):)
So the mm's know were onto them. With this issue and others, here's a thought I have as far as there game plan. Are they manipulating these prices so low (in pcbms situation the price is now at 4 ecnts) that when there is a run to 6 cents, 8, 10, 12 cents, won't there be a ton of sellers? Do you think they think they damn near have a cap on 20 cents? 500% return, damn nice right? Well, there will be sellers, the problem is we own the float as much as 10 times over. We will decide what they should pay us.
Note to bashers: Wake up and die right. The writing is on the wall. No one needs you people, your completely worthless failures. Information good or bad will be discussed by the longs, sure as #### don't need you stick your lousy attitude into it. Perhaps you should drive truck.lol I suggest you think about finding a stock that has a huge short and invest. Quit batteling against change in the penny market.
In regards to paid bashers: There is a plan for you guys too. If any investors out there beleive that a particular basher is paid who hits it really really hard. Email the board name and one post # to jmcjmc99@yahoo.com. (The pcbm board needs not to do this, you all know I know everyone here).:):)
Feel free to post this on any board where there is beleived to be heavy shorting and manipulation. Good luck all.:):)
Interesting Read. . .
By: jmcjmc $$$$
Reply To: None Saturday, 19 May 2001 at 4:25 PM EDT
Post # of 34754
Per the SEC, changes are coming for the penny market. The following information, if you invest in penny stocks, you will find to be a breathe of fresh air. It's about time.:)
Around the first week of May, 2001, I read a post from someone who got an email back from a guy at the SEC. I called the guy for questions. It turned out that naked shorting/manipulation wasn't up his ally. However, we talked for 10-15 minutes about nakedshorting/manipulation.
He had to ask me exactly what naked shorting meant. I explained the entire situation with information on the companies that are fighting the "short", he was intrigued. He even said "wow, how do they do that" (sell virtual shares). I said I could email you some "stuff". I did. A couple days later I emailed him to ask if he could give me a name and a number of someone closer to the action. He did a little better. I received a call from an SEC official on 5-15, that seemed to me, said maybe more than she should have? I spoke to the same official on 5-18. Here is what she said.
I would like to mention the demeanor of this person I talked to - imo, gitty and excited to be in the middle of this.:):) First, she said she has received 4,000 complaints from investors about shorting/manip in the penny arena. Those 4,000, I'm not sure if that was the total or just what she has seen. Obviousley, tons came from pcbm but the complaints were in general. I did not inquire specifically about pcbm, but as I talked about all the companies that are asking for cert pulls, companies doing dividends etc, I passed the name on of a few companies. She is aware of all of them.
Here is the current situation. She told me to watch the SEC website for proposed rule changes for the penny market. She said she wished they could have gotten them out already, but they should be out this summer. She said they want feedback, ( I think that last 90 days) both positive and negative feedback.
I asked a few point blank questions, and to my surprise, they were answered - in flying colors I might add.lol I asked if she thought that naked short selling is happening to the point of manipulation. The answer was yes. She said "We are completely aware of what's going on out there". I asked her to what extent are some issues being shorted. She said "We are seeing indications where the short has gone beyond the entire O/S." Now, if she would have laughed and said "No, there is no way the manipulation goes to that extent." Mine, and all of our hearts would have sank. What this means is that, were not nuts to have thought the mm's have been doing this to the extent we thought. We were right all along.
So we started talking about rules. First, for the otcbb market, rule 15c211 really doesn't seem to be effective or enforced. There is a problem with it. MM's are not closing out and going even monthly like they are suppose to. This is about when, w/o me asking, she was giddy and told me she would love to tell me the changes in the proposal are but she can't. In regards to pink sheets, worse yet. She said that the SEC doesn't govern the buyback/go even stuff with the pinks but she said to the best of her knowledge there are no rules pertaining to that with pink sheeters.
She is aware that there is a "movement" from us investors trying to nab the shorts. I asked her if she thought the mm's are aware that "we" are onto them. She laughed and said "I don't know, I would think so."
Asking about the actual process of busting the shorts and creating a buy in, that was not up her ally. But as we know, pcbm is right on the doorstep along with numerous other companies. She told me I could call anytime, I will see if I could possibly get a name and number of someone at the SEC who can talk about the mechanics of a buy in.
She brought up another rule that isn't being followed. Rule 153c-3. Yes, someone else is being naughty too,lol your broker. They are required to have you sign a release in order to allow the broker to lend your shares out with your margin accounts. Have you ever signed one of those? She laughed and said "That particular rule isn't being followed."
Now, regarding the proposed changes, I asked how long it can take to make actual changes. She said they are in a tough spot right now because they have no chairman at the SEC at this point. So, who know's. The situation is, those changes when they do happen, won't effect companies that are now battling a short position. Again, many companies are doing what they can legally to get it busted. Along with pcbm, I understand there are others knocking on the door.
The situation as I see it is two fold. One, and should be foremost, is that change is coming to the penny world that should make this game somewhat fair. THAT is huge. Secondly, as I mentioned, with tons and tons of circumstantial evidence, and now what the SEC confirms, it shows we were on the right track all this time.
Here's a couple of thought I have. One is, the mm's have been playing this game a long time. Guess why it's coming to an end? Answer, the net. The forum, unity, gumption lol, brains, have all come together. The rule changes have come too late to save the mm's from themselves. I believe we will go into the next era of investing which we can dub "The big bang theory.":):)
So the mm's know were onto them. With this issue and others, here's a thought I have as far as there game plan. Are they manipulating these prices so low (in pcbms situation the price is now at 4 ecnts) that when there is a run to 6 cents, 8, 10, 12 cents, won't there be a ton of sellers? Do you think they think they damn near have a cap on 20 cents? 500% return, damn nice right? Well, there will be sellers, the problem is we own the float as much as 10 times over. We will decide what they should pay us.
Note to bashers: Wake up and die right. The writing is on the wall. No one needs you people, your completely worthless failures. Information good or bad will be discussed by the longs, sure as #### don't need you stick your lousy attitude into it. Perhaps you should drive truck.lol I suggest you think about finding a stock that has a huge short and invest. Quit batteling against change in the penny market.
In regards to paid bashers: There is a plan for you guys too. If any investors out there beleive that a particular basher is paid who hits it really really hard. Email the board name and one post # to jmcjmc99@yahoo.com. (The pcbm board needs not to do this, you all know I know everyone here).:):)
Feel free to post this on any board where there is beleived to be heavy shorting and manipulation. Good luck all.:):)
lexmark. . .
We'll begin to see share appreciation if HRCT can continue on their present trend. The market wants to see COMPLETION of their deals. . .and that's probably all we'll hear about over the next year. I believe HRCT will benefit from NO MORE acquisitions (or attempted acquisitions) until they can deliver on Enova and the StreamingAsia IPO. HRCT has enough on the burner to keep them busy for several years (if they intend on doing things right). If the ETNS/ET companies can add value to HRCT. . .that will be nice. I wish SA would hitch up with KKRS.
Keeping the faith. . .
M&M Man
Husker. . .
Just my thoughts, but any energy plan that comes into effect will be beneficial for CHAG. CHAG is just so undervalued (IMO) that there's really no way for the stock to go other than upward and onward. Hey. . .if this OTC BB stock can actually declare earnings within the next 12 months. . .it is virtually impossible (considering the energy sector) for the stock to remain in the penny stock range. I just want to see Shane and Ashraf. . .deliver the goods. Geesh. . .where's our oil news?
Peace,
M&M Man
I think that's a Comstock error ~~ I took a look at a few other OTC BB stocks that I'm following, and all are listed as Nasdaq SC. Hey. . .wouldn't it be great if the OTC BB were suddenly a factor of history!
Peace,
M&M Man
PS: Where did the ETNS report come from?
Interesting NOTICE:
Has anyone else seen this Nasdaq SC listing for HRCT on Comstock?
HRCT - HARTCOURT COMPANIES INC NEW
Exchange: Nasdaq SC
Delay: at least 15 minutes
Last Price: 0.535 at 15:59 EDT
Change: Down 0.02 (-3.60%)
High: 0.555 at 9:31 EDT
Low: 0.53 at 10:59 EDT
Open: 0.555
Previous Close: 0.555 on 5/17
Volume: 253,100
Shares Outstanding: 60,504,000
Market Cap.: 32,369,640
Currency Units: US Dollar
Confirm all data with your broker or financial advisor before trading.
Data by: S&P ComStock
~~~~~~~~~~~~~~~~~~Perhaps it is a Comstock error? Hmmm?
Peace,
M&M Man
George. . .LOL!
I think I'll stick with oil, as well. However, here where I live in TN. . .there are two nuclear towers less than a dozen miles away. I had to study a chapter or two on nuclear science when I went through college. It was interesting. Of course, the Chernobyl incident (in Russia) and Three Mile Island were both topics of discussion. When those cooling rods can't control the nuclear materials. . .we're talking BIG trouble. Fortunately, the United States has escaped a terrible meltdown from any nuclear plants. That is not the case, however, for Russia. What man brings into existance, man has to learn how to control. . .otherwise, potent discoveries may very well turn out controlling man.
Okay. . .lets hope to hear something with CHAG, soon. A statement made by Chancellor-CHAG on the Yahoo! Club site appeared to be promising for something taking place in the near future.
Keeping the faith. . .
M&M Man
smlt. . .
You are correct. Natural gas is much cleaner than coal. . .and nothing beats nuclear energy as far as clean burning fuels/energy, go. Now. . .nuclear energy can get pretty dirty if a "melt-down" takes place. But that is not related to the energy that is harnessed. . .but it IS related to the ability of the organizations capacity to "harness" energy. . .from the necessary components.
I loved my chemistry courses!
Later. . .
M&M Man
MyFundsRLow. . .I support that idea eom.
Peace,
M&M Man
PS: Sent the idea of AMEX listing to HRCT and several other shareholders. It would be nice if other shareholders would also encourage HRCT to list on the AMEX.
NxNW ~~ If they actually do own that significant amount of HRCT, they would be the LAST individuals I would ever listen to when it comes to an investment in HRCT. Myself, I do NOT believe one word that is jousted by that alphanumeric. If they are for REAL they will come clean with who they are. Never, has that happened. Never, will that happen. Primarily because. . .NOBODY owns that significant of a position in HRCT other than Dr. Phan. Anyway. . .
I hope every press release HRCT releases in the future will be similar to that which was released, yesterday. Cheers!
Peace,
M&M Man