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Would there be SEC filings on that?
Imperial Whazoo
Well, so far, every explanation is inadequate to delineate why price falls with every good sales PR. Somebody said that its because we all expected the TSA news to result in good chart behavior...
So I suppose somebody is trying to sell me on the fake idea that an old disappointment is now going to have the chart go down every time good news comes out. Really?
How does old disappointment have any kind of force that plays out in a price decline for some indeterminent time period going out into the future? How does that make logical sense?
It ought to be, IMHO, that, on first instance of good news, the trueism play out: "Buy the rumor, sell the news."
So we get TSA news. Down she goes. Fine. Love the rule. Spot on. The rule of thumb, "sell the news", means price drops after news. Fine. I get that.
But then we get news, more news, and more news. Where's the space to have a rumor in there? Its just news, news, news.... one after the other. So how does that legitimize a decline every time good news hits? Its not an explanation at all.... not of some natural sequence, that is. It looks like somebody is playing with the stock to take it down on purpose, IMHO. Thats what it looks like to me.
I think there is manipulation going on.. thats what I think. Otherwise it simply makes zero sense.
Out comes good news.... down goes stock price..... price does not retrace back up, but out comes another good sales PR... and down she goes again.
Nonsense. That ain't natural. Thats a stock getting shoved around by enemies of the company, IMHO.
At some point, price should rise. Otherwise it will eventually reach zero on repeated good reports, which is utter nonsense.
Can anyone envision such a crock as that? Repeadated good sales has a company share price crashing till it reaches zero... and on what....???? On nothing but good news. Thats what!!
The very idea that every closely packed (in terms of timeline) instance of good news means a price decline... the very idea that this is "natural" is absurd.
Can anyone actually posit that repeated good news is going to drive this stock's price down, Down, DOWN!?!?
Has a company that is selling product time upon time... when does repeated sales success warrant a steady stock price decline?
At some point, it just has to be the case that good sales news means price goes UP.
It just makes zero sense for stock price declines to always follow every sales success story. One time... OK, fine... Buy the rumor, sell the news.
But after that, it gets kind of obvious. It just has to be evidence that somebody is stepping in to push the stock around deliberately. I can see no other rational explanation.
Imperial Whazoo
OK.... ya got me. What's "F&F"?
Imperial Whazoo
You know, at some point you'd expect good news of sales to be followed by something other than a decline in share price.
I mean, come on chart baby.... If sales here and sales there are NOT going to register as a positive, what is? I'm honestly asking this.... what would generate a price increase here? It can be so counterintuitve that it is, on the face of it, laughable. I don't care, but just tell me... what on earth has to happen for the event to be a cause of an actual price increase?
Real question, folks.... not just a rhetorical expression of frustration.. I'm actually interested in feedback on what its going to take.
Imperial Whazoo
Not true! The REAL economics that are at work in regards to JBII are driven by the value of the technology to corporate interests whose cost equation is dictated by regulatory costs.
Massive, unending regulatory costs.
So, the very idea that the commodity price of the plastic is the driver of this matter is an approach that leads to invalid conclusions.
Rock Tenn proves this to everyone.
They have expensive regulatory requirements. They cut a deal with JBII to process everyday plastic coming out of their plants (that they would have to otherwise landfill) AND to dig up already landfilled plastic.
Anybody reading the contract knows that there is absolutely no relationship between commodity prices of plastic and Rock Tenn's decision to go forward.
The obvious concern of RKT is, was, and will continue to be plain to see: regulatory costs associated with disposal & landfill of plastics.
Simple as that.
The economics of this technology are no more related to a commodity cost for plastic than the moon is made of green cheese.
The technology will be a massive money maker because corporations, like RKT, can use it for a far tinier cost than they presently face due to regulations.
This clears the matter up, and. IMHO, its no longer necessary to bother people with the silly notion that JBII can not make money because of the commodity prices of plastic.
JBII can and will make LOTS on money because of the economics of the regulations that overburden corporations.
Period.
Imperial Whazoo
And the expected date of that is when? Remind everyone. Z. I too tend to muddle dates (in my case beacuse I trade so many companies they all run together).
TIA for telling all the folks who tend to forget.
Release date?
Imperial Whazoo
JBII will go sub-penny? I think that is ridiculous, IMHO.. Not gonna happen.
Here's the likelihood of that happening, IMHO: JBII is about as likely to go sub-penny as it is likely that the sun will rise in the West.
Simple as that.
Imperial Whazoo
Well.... close, but no cigar.
:o)
The REAL version of my point of view follows, LOL.
Primary point, part 1
NSS exists.
Primary point, part 2:
Revolutionary technology threatens the status quo, and JBII's technology poses such a threat.
Subpoint to part 1:
JBII may be the target of a NSS. It may not be, but even if a NSS is not happening right now, NSS does exist and, as such, it is fatuous to assert that JBII could not be effected. NSS exists and as such JBII can be attacked via a NSS.
Subpoint to part 2:
Importing vast quantities of expensive oil from the Middle East is unacceptable for our nation, for many reasons. Also, the inability to dispose of the majority of plastic waste is an unacceptable problem. That said, there is a large set of interests, corporate and environmental and governmental and sovreign, for whom the current unacceptable status quo is big money. Many of these entities are actually polar opposites politically, culturally, and/or governmentally, but one thing is a common thread uniting them all to oppose JBII's new technology: they have a financial dog in the fight.
Subpoint to point 2:
The impact of a technology that handles the currently unsolvable problem of waste plastic, and which offers a way to use the plastic waste by turning it into petroleum products that are needed by society, is immeasurable. In that any "size-of-economic-impact" postulates are pure speculation at this point, it serves no purpose to make any arguments either one way or the other. So, I do not attempt to PROVE the impact will be immeasurably HUGE. I simply hold the opinion that such a sizable impact is a given .
Sub-point to part 2:
That there are powerful entities (governmental, corporate, regulatory, environmental, sovereign, etcetera) is a given, and further, given the size of these entities, it follows that they have an economic interest in whether a technology like JBII's succeeds. They are threatened. To me this is another given, and I believe that these entities see JBII as a serious threat.
Sub-point to part 2:
Even if JBII was never going to become a large economic threat, it is a given that a revolutionary technology that threatens the status quo CAN NOT BE ALLOWED TO SUCCEED. Said plainly, JBII represents a "TYPE", and as such, it can not be allowed to get a toe-hold without facing serious opposition. I've seen the attacks on JBII. They have been indirect. All the incessant silly lawsuits served as the indirect attacks. Bear in mind that all such attacks have proven to be baseless thusfar. It is a given, IMHO, that JBII has been subjected to incessant barrages of attacks via the vector of the courtroom.
So, there. Thats the ACTUAL case I make.
Hope that helps.
Imperial Whazoo
The fact that JBII's particulars differ from Overstock's is irrelevent to my argument.
I'm not about to do something so silly as to attempt to juxtapose the minute details of Overstock.com's experience with that of JBII's.
My point can not be refuted just because there are details of the two that differ.
I am not even arguing that that JBII NECESSARILY faces a NSS situation. I believe it is, but its not necessary as a construct in making my point.
My precise point is that it is, IMHO, both insensate & misleading to insist that NSS's don't even exist, and that therefore, there could be no such thing at work with JBII.
NSS is real and as such, it is possible in JBII's case. As to whether it actually is applicable, I'll leave that argument to other folks. I think it is, but thats an OPINION.
As a pragmatic reality, NSS's still do exist. They do happen by taking advantage of Canadian (and other) brokerage rules. They do attempt to BK small, vulnerable companies, and JBII fits the model.
Further, I get weary of the sophiticants who always act like conspiracy theories are typical of low rent thinkers.
My degree is in history and its simply a fact that there has never been a single intrigue throughout all of time that did not involve a conspiracy.
So the very notion that JBII, who has invented and brought forward a new technology that obviously threatens the economic strongholds of a lot of entities.... its is categorically obvious that JBII, given what it does and who this technology threatens, is a prime candidate for intrigues.
And I believe that all the defeated lawsuits that popped up, one after another after another.... I believe they were actually vectors of attack that were deliberately indirect.
And where is NSS found in my argument that the lawsuits are a vector for attack? Its not there.
I think JBII threatens a lot of deeply instanciated powers-that-be. Simple as that.
Whether the chosen vector of attack is via constant attacks of a legal nature or via NSS (or both) is irrelevent to my argument.
I'm primarily interested in contending that JBII is a logical candidate for being attacked and in contending that NSS is a real thing that does exists and could be a vector for an ongoing attack.
Imperial Whazoo
No. You have it wrong IMHO.
The value of plastic as a commodity is not the value to use in any economics involving JBII's process.
The value is the value to a company like RKT, where the costs of compliance with EPA regulations for disposal & compliance are the REAL economics that are at work here.
The costs of regulation are massive. The value of JBII's solution is that it is a far less expensive solution than the present massively expensive economics imposed by the layers of governmental regulations.
Corporate partners are the future here because they are the ones who have to bear the present disproportionate expens of environmental regulatory requirements.
And municipal entities will be customers too.
Some outfits will buy fuel from JBII. Thats a fact, but IMHO, the seminal event that DEFINES the economic proposition presented by the P2O solution is the contract cut with a CORPORATE entity: RKT.
Thats where the BIG money will be, and thats why the big event thusfar is the relationship with a COMPANY who daily faces the expenses described above and needs a better economic proposition.
JBII is such a better economic proposition.
IMHO, its fictional mathematics to look at the economics of JBII's technology using a formula that is invalidly based on the costs of plastic as a commodity. It is correect to look at the economic proposition by recognizing that value is defined by WHO needs it. The entities who need this technology are companies & minicipalities because of the existing burdensome economics imposed on them by regulatory compliance.
Thats the proper perspective, IMHO.
Imperial Whazoo
The proof NSS is employed to destroy companies like JBII is found in history. Take Overstock.com (the online excess inventory discounter) who spent years and millions upon millions fighting the perpetrators of this crime via lawsuits. History tells us it is real in that company's case, so there is no basis for dissing it as regards JBII.
It happened to Overstock. Proven to be real in the courts.
It continues in stocks like JBII. Simple fact.
See, it just needs to be granted that crooked operators want to force companies to their knees. If you can BK a ompany, than all the fake shares created and used illegally never have to be delivered and thats the essence of how an NSS works.
As a pragmatic matter of economic fact, however, it becomes more and more insane, IMHO, for these operators to be employing this tactic against JBII because it is obvious that JBII is less and less likely to be forced into BK with each passing day.
Thus, as a matter of plain old fashioned reasoning & logic, if NSS continues to be present as regards JBII, it follows that the economics of it are not "natural".
By this, I mean that a "natural" situation for employing an illegal NSS is to do so where BK can be a highly likely outcome. Now, if there are powerful corporate and soveriegn country motivations, then it follows logically that the non-economic explanations explain the continued presence of NSS in the trading life of JBII. Thats how and why the NSS is being financed & it is not "natural" economically.
I think forces who are extremely rich and who face massive impact if a non-enslaving oil solution is allowed to succeed... I feel that is the actual explanation for why the lawsuits of devious nature popped up (and got defeated) time and time again. And this same idea is what I think explains the continued NSS in JBII.
Its no longer reasonable economically to expect JBII can be BKed, so the NSS that continues is driven by lobbying interests, by sovereign nation interest, and by oil-producing entity interest.
There is a completely unsatisfactory status quo out there with all things oil-supply related. Both on the incoming side (importing & production & refining) and onth the outbound side (EPA & waste disposal issues).
JBII threatens to upset the apple cart for every single vested interest interst that is currently sucking on the sugar tit of big government.
In a certain sense, for the above vested interests, it is the worst possible thing to happen for there to ACTUALLY be a solution to the waste plastic problem and for there to be a technology out there that can lessen our dependence of imported oil.
Thats what I think.
Imperial Whazoo
Who cares whether they won't file or not? Maybe they will. Maybe they won't. One thing is certain, though: the timeline will dictate, not all the other irrational, negative prognostications, LOL.
After all, its drilling this summer (and/or cyanide and/or permits and/or flotation systems.... and so forth) that runs the roost.
Obviously, by the time the shares could be converted at all, whether 1 year or 6 months, the facts about drilling going on and drill core results will be running the show, anyway.
I'm not going to argue with anyone unless they begin to grant the legitimacy of the company's good future prospects. Its time to grant the legitimacy of the idea that the 8K describes a good business deal, and to concede that its all about the summer work and permits and licences etcetera. Thats the whole kit-n-kaboodle, not driving down the road, looking at life through the rear view mirror.
Simple scenario:
They drill. Up we go. They get various permits for new equipment like flotation and/or cyanidization closed loops... they go up.
No movement in any of these areas, it becomes fatuous to even worry about when or if conversion happens.
Pure, fair minded logic. Simple as that.
Peace.
Imperial Whazoo
The pictures need to be posted in the stickies, IMHO. In particular, its so great to see a comparative view of the mill itself. Its really blossomed, hasn't it.
BTW.... I wish we did have some of what you refer to in the stickies. Its Monday AM and I'm trying to see what you refer to in the stickies but I don't see it, LOL.
That said, SFMI is now going to have the summer to drill. Generate good core samples, they explode upwards and never look back. Generate bad results, or fail to drill at all, and the company gets destroyed.
Imperial Whazoo
Thanx Martin1. It just makes no sense for the terrible insiders (LOL) to hold all those shares they can not get value out of if the company fails, and then to try to slip a plugged nickle by me with this idea that every deal SFMI does is crookedness amplified. It just does not compute.
Basically, the drilling program has to kick in, whether on the mountain or in the tunnel. The restricteds will not even be able to be converted before the events on the mountain dictate value.
Value is not going to be dictated by short artists or dumpage via restricteds that won't even be convertible by summer.
Its an either or proposition: drill on the mountain or in the tunnel & you get value. Fail to drill and you don't
Dumpage and/or illegal offshore shorting are irrelevent to the outcome as regarding this 8K.
Simple reality.
Imperial Whazoo
No prob. I thought painting a correct picture would be appreciated by people like you, I appreciate your rational mind and your support of sentient reasoning.
The shares, (by far the vast majority of shares which the insiders have granted themselves) are untradable: preferreds or restricteds.
So, when you look at the fact that the only way the hated insiders (LOL) get paid THEMSELVES, is to bring value to the company so they can have intrinsic value in what they have granted themselves, deciding the Omniview deal is just one more disaster is unrealistic.
Thus, IMHO, it is ludicrous to paint a picture that has these guys going to Omniview and empowering them to gut the company via illegal shorting (CLEARLY A CONTRACT VIOLATION, BASED ON THE 8K) or by dumpage.
Pure fiction.
And if the company does not, at the very least, get drilling going on top of the mountain this summer, the company is toast anyway.... period.
Self-evidently, Omniview either intends to steal from SFMI by illegal shorting and/or share dumpage... or they did the DD and see the potential to be worth the risk.
I think they intend to have this agreement be a successful deal for them, and not by engaging in illegal shorting or share dumpage.
Based on what is historical, it is obvious that the mountain & the tunnel are precious metals rich, bigtime. As such, it logically follows that drilling will be seen favorably when it gets announced this spring, and that price will go up. Further, if the drilling shows good results, the price of the company's stock will take off.
So that is the business deal that is on the table.
Omniview takes a bunch of restricteds, which have to be converted (and again, when they get converted, filings are going to show up... we'll see them), before any dumpage can occur. They bring players in. They get shares in two tranches, both restricted. They get a chance to be on the BOD. They get to add any success story to the advertising they do to generate a good reputation.
AND PEOPLE.... JUST GO TO THEIR WEB PAGE AND LOOK AT THE LONG LIST OF COMPANIES THEY HAVE RAISED MONEY FOR AND WHICH THEY USE TO ADVERTISE SO THAY CAN GET NEW CUSTOMERS. Thats exactly what they intend to do with SFMI.... succeed and use SFMI as a success story to advertise.
OK... they have a business deal, and what is needed, in order to project rationally, into the next few months, is a timeline.
So lay out a timeline and see the TRUE CASE.
Here is what jumps out at you:
Even if Omniview intends to dump, the summer will come and go by their date allowed for conversion.
If the drills get to kicking, in either the tunnel or on the mountain, the timeline will still have the restrictions on the shares, so dumping is a ridiculous postulate; IMHO, this is obvious.
Suppose they get precious metals in the drill cores.
Well, the company's value will go up, won't it?
Now, if they dump at that time, I suppose the value could go down due to dumpage. But how does this make sense? They will dump when success happens... REALLY?
If genuine successful drill core results finally show up, the results in terms of share price are going to be a disaster in the charts....
Really?
I think that, when the results finally show there to be precious metals present, the price will skyrocket, and Omniview is not going to hack off their leg just to play the role of an illegal shorter.
Yeah, I realize there are two tranches, but I also realize that, with a one year agreement, they can't even get the shares converted to use to short with until well into it, if they have the shortest possible restricted share type.
What you refuse to realize is that these are restricted shares. They can not be used to dump and they can not be the basis of a short.
RESTRICTED shares come in two varieties: Even the least encumbered are at least 6 months restriction shares. And the moment they get unrestricted, the SEC gets a form. We will get a heads up of any such danger.
And by 6 mopnths, there will either be summer mountain top drilling and/or drilling in the tunnel, or it will be too late for SFMI anyway.
By the time they can even do a dirty with the shares, it will be success underway, or it will be all over but the crying anyway.
So, its pure fiction that these shares represent even a microparticle of the danger you keep alleging.
Pure fiction.
There is no way these shares show up for at least 6 months, for either shorting or dumping, and the 6 month type is a rare beast.
Thats what the truth is.
And if they are not 6 month restriction shares, they have to wait at least a year.
A year on a 1 year agreement & you would fill us with fear of dumpage and/or shorting?
Really?
And in most cases, restricted shares are 1 year shares.
So, there is no way your statements about this being fodder for shorting or dumpage can manifest in anything even resembling a dangerous circumstance.
Pure fiction.
Wow in spades
Imperial Whazoo
It is not true that, for merely inking the deal, Omni get 2.45% position in unrestricted comman class A shares that they can dump and short with.
For just inking the deal? Not true.
Read the document for yourself.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9108597
It is a pure fiction to say that SFMI is giving Omni 2.45% position in ordinary, unrestricted common shares that they can dump into the market from day 1.
Pure fiction.
Heres the link, people. Go read the second paragraph for yourselves.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9108597
Here is EXACTLY what it says:
Think it through, people.
Is it really anything other than pure fiction to say that Omni would enter into this agreement, but then dump and illegally short?
Think it through.
Omni negotiated the right, according to the 8K, to use SFMI in their trade advertising. And they do not get paid until they perform, so where are they going to get shares to dump and to short with? They have to succeed to even get paid.
Yeah, I'm sure its just going to be a dump hurricane, LOL. Couldn't be any other way.
After all, its a rock solid fact that SFMI is just going to fade away, LOL. Yeah... nothing they do is ever good. Nothing they set in place is ever worth anything. Everything is always going to be a disaster and all shareholders will be eviscerated.
And since everything is always going to always be absolutely horrid, it logically follows that this agreement is just a lot of nonsense and Omni will screw them and we will never see any progress and nothing good will ever happen that is good.
And so on and so on and so on.
On the other hand, Omni is signatory to a simple agreement. Short. To the point. Clear. Uncomplicated.
Omni will get a shot at 2.45% restricted Commn Class A if they deliver 5 million in investing in the company.
They can get to put forward an evaluation BOD member and they get to advertise SFMI as a company they work with & delivered for.
See... look at the agreement, people. It contains a specific negotiated right for Omni to use their relationship with SFMI in trade advertising so that potential new clients will look at their body of work and hire them to do work for them as well. Just look at the 8K. Advertising their success is part of the agreement!
SHORTING is not permitted. Period.
Here is the pertinent section of the 8k demonstrating this in no uncertain terms:
Under this section:
"7. Miscellaneous
N. Neither Omni View nor its affiliates shall short the Company’s stock. "
So, shorting is by Omni View is a deal breaker. Its not going top happen or SFMI will have a very simple legal fight, and SFMI will win. So thats a non-issue.
Period.
Imperial Whazoo
Well, I just finished scrutinizing the 8K involving Omni View, and I'll say this about it: It is a healthy move to finally see that the company is facing up to the necessity of granting some control to professional parties outside of the small group of insiders that have been the only ones in the control center of decision making thusfar. Healthy move if you ask me.
And one thing I noted is that Omni View & any entity associated with it or affiliated to it are prohibited from short ing the stock, and although they are not prohibited from trading the converted restricted shares they obtain, they are limited to no more than 5% of a given day's volume if they do convert their restricted shares and sell them into the market.
So, shorting is taken off the table by specific provision and selling outright is limited to no more than 5% per day. Figure that one out.... supposing you want to sell shares and you are Omni View. In that you have no idea of how many shares any given day will be as the day begins its trading, you are thus faced with having to sell only at the end of the day. Thats the only time in a 390 minute day when you can actually know what shares constitute the 5% limit.
So obviously, dumpage will not be occuring during the day.
Oh... and they are going to have to hire the Omni View legal firm & the Omni View accounting firm (for auditing). The hiring is specifically for "evaluation" of the two service providers, and if they are more expensive or less in quality, then the evaluation is a failure and SFMI is not stuck with outside service providers.
This is obviously a "limited" baby step towards relinquishing control and I see any move towards this inbred kingdom (LOL) as an improvement. Even though a baby step, its still a step in the right direction, IMHO.
And finally, Omni View gets to put a BOD candidate into the next meeting of the BOD. The current BOD does not have to do anything other than "evaluate" the candidate, but at least there is a crack in the pathological mindset (my opionion... calling it pathological.... my opinion only) that keeps everything in tight control.
Another "baby step", bolted down and encumbered by open ended "evaluation" phrasings, but still... baby steps towards more openness to outsiders.
We'll see who the "evaluation candidate" for the BOD will be.
Imperial Whazoo
Anyone got any idea what the story here is? First, it runs with volume but without a pump-n-dump outfit sending out news letters. As such, it sure appeared to be fortified by an ACTUAL impetus of some kind. Then it turns, evincing no news of any kind, and retraces the entire 100% of the move.
Obviously, somebody wanted in at .029 and below, a conclusion based on the several large buys at these levels.
It could be argued that somebody was manipulating it down to open an opportunity to the guys who wanted in. If thats the case, than, counter-intuitively, the drive to the 100% retrace of the move speaks of there being value to that entity who wanted in at those levels.
That said, I still ask: what is the backstory behind the volume-led drive up a few days ago?
Anyone know the backstory?
TIA.
Imperial Whazoo
I agree too. Looks like its staging for a run of some kind.
Say, did anyone but me see the 1,233,600 shares that printed at .0432 at 16:02:30?
Wasn't that one of those "T" after hours trades thats a settle up of a non-printed trade earlier in the day?
I can't recall the actual terminology it goes by but I recall it being some kind of settlement of a pre-arranged trade earlier in the day?
Anyone?
TIA
Imperial Whazoo
Anyone got the skinny on what gives here? I've spent a good hour looking at the company to see if something is up. Nothing to tell. No news. Can't see anything to tell me what's up.
I think they must be about to announce more on the December 2012 Hong Kong deal. Just a guess. Anyone got the skinny on this one?
Imperial Whazoo
I recall (perhaph incorrectly, mind you) that what I read in a hurry the other day said that the Caymen group bought a special class of preferreds. thees were, in turn, convertible to common.
So, would that be in the numbers you show or is it yet to be accounted for, showing itself only when the conversion (or IF, actually) takes place?
Imperial Whazoo
Thanx for that. I was unaware of that. Are you sure? Post some info. I'd like to work on it this weekend (well, three day weekend).
TIA
Imperial Whazoo
I don't care why they got a price haircut in the past. Like I said in a version I edited.... you can't drive looking in the rear view mirror.
Price and volume jumped like a calf hit by a hot shot and it kept up thru the close.
I decided it was real, read back thru the SEC crap, and decided it was really REAL.
Of course, I've gotten burned before and I'm sure I will again, and my opinions here are not advice to buy. People decide it for yourselves. I posted what I think and I think its clean as a whistle. Something is afoot.
We'll see, though.
I don't know why any of it happens. Its like being in the corn pit on the CBOT. You get the volume in your face. A roar to buy. You figure it out later.
I figure that there is scuttle butt and yackity yack on the street. Hasn't made it to my in basket, LOL.
I figure its been on the radar screens of players, biding their time for a few months.
The latest filing brought the off shore Caymen Island outfit a fat wallet of common shares. They have to get converted from Preferreds, mind you, but they hit the percentage spot on.
Exactly 9.99%. Too coincidental for me, LOL.
So, immediately upon that happening, the volume jumps and the price ascends.
Why?
I could care less.
Imperial Whazoo
Go back and do your Edgar reading and you'll quit asking such things as that. The playing field repeatedly got redrawn and it is substantially different than it was back a while ago.
And as of now, what shareholder deal is there with which to "give a haircut"?
What deal is there to act as some kind of mechanism with which to give a hair cut. As of now, the various prior deals were either withdrawn or they timed out.
Just spend the time and commit the changes from start to finish to a ledger sheet and you'll see why the price went up today.
I came on WEST because it came up on my scanner and I stopped and did the actual reading. You should do the same. I certainly am not an expert, but I took the time and read thru the filings and the things that apparently have been accepted as the basis for looking at this stock have been substantially modified from the original proposals.
And I have no idea if the deal that is surely soon to come out is going to be a good deal, since I am not in any better position to have seen it than anyone else.
That said, it sure looks like the market likes what it thinks is going to happen.
Volume and chart behavior tell that tale in clear terms.
You either believe the chart or you don't.
It looks to me like the deal today is being seen quite favorably by the market. Volume tells the tale.
The most recent SEC filings tell the price of the Preferreds. The sizes of shares involved are layed out in 425 filing after 425 filing. And in the plethora of 8K'ds.
Just do the work and come back when you see the progressive picture and the shift thats happened since the former proposals.
And anyway, as a matter of pragmatic reality, what are you talking about when you say Westinghouse shareholdsers get a haircut? Doesn't a formal deal have to actually exist before it can be contended that "shareholders are getting a haircut"? Getting a haircut from a deal that was withdrawn? Really?
How can a non-existent, non-detailed, non-proposed deal... a deal that no longer exists as it once did....
...how can a non-existent deal exist in some manner in which it can "give shareholders" a hair cut?
Think about it.
There is no current deal with which shareholders have to contend. The shareholders vote was canceled. Just do your reading and come back later with helpful questions. Thats my suggestion anyway.
:o)
Imperial Whazoo
Duplicate withdrawn
Duplicate withdrawn
I saw the volume fingerprint and it interested me because it was "Westinghouse" and because it was in the green arena. So I did some quick reading and I pretty much read thru the relevant filings with the SEC since they announced their intent to merrge with the Australian company (I think its called CBD; I noticed I failed to write its name down due to being in a hurry, LOL).
Anyway, what happened is that the NASDAQ delisted them for having too little overall value because of the fall in share price.
Several things transpired, including a proposed 8 to 1 reverse split that was to be voted on, but the NASDAQ notice of delisting changed that.
So, since then, the two companies continued to announce (and file with the SEC) several real money making deals, indicating that the two companies were still intent on merging. But now the problem was to raise the company's value so that it met the minimum required by the NASDAQ.
Again, a lot of filings happened, but generally, what they did was issue a bunch of convertible preferred that an accredited investor (Brio, I think), registered in the Caymens, bought up. It was one of those deals where the seller could do a "put" to draw on agreed upon purchases or the buyer could reverse the agreement and do a "call". That kind of deal.
Anyway, net/net, what ended up happening was probably prearranged & agreed upon because, as of the latest Edgar filings, the purchaser now has a 9.99% position in the common (remember, had they had 10%, they would be under SEC regs, which explains why its over at 9.99%).
The reduction in conversion price of the aquired shares is now .05. It started out something like .80 per converted share. Each iteration of the trudge towards the place we find ourselves at today was filed on, and the filings, each time, reduced the conversion price of the preferred shares that are out there at Brio (and whoever else has them).
Plainly put, it was a carefully managed multi-month plan to emerge from the trouble caused by the NASDAQ delisting, with the goal being to raise the company value to where it could again trade on the NASDAQ. Obviously, in order for the deal to get done, a sine qua non was that the combined company had to end up trading on the NASDAQ.
So, heres what I figure:
The deal is now going to go thru.
There will be a run as people realize this.
I have absolutely no idea of whether Brio will dump, but I doubt it because the deal is to have the Australian company be in the US market, listed on the NASDAQ under some as-yet-unannounced symbol.
If I read the older filings on this (between now and going back to May, 2012), then its the intention of everybody to again attain listing status on the NASDAQ. If this remains the plan, then I do not think Brio will be a dump artist here, even though their conversion to common is at .05. And part of this is obvious: they bought the preferred shares at $1000 per unit, and they hold those. Before major dumpage, these preferreds would need converting to their underlying commons, which has not yet happened.
Anyway, it looks to me like the 8 to 1 R/S is off the table for now because one of the filings (again, I was in too much of a hurry to take exhaustive notes) was a formal withdrawal of the 8 to 1 R/S plan.
My guess is that the reason the volume kicked today in is that big players have had their eye on this merger deal.
From a chart basis, it looks to be either the start of an ABC up or the right side of a cup-n-handle.
With the most recent filing, the merger looks like its about to happen. Whether this involves a RS or not remains to be seen, but again, the old plan was withdrawn.
The goal is to bring the price and the value of the company up so that the ticker of the new merged company can trade on the NASDAQ.
As such, at .058, this is one hell of a bargain, IMHO.
Hope that helps, and I'll fess up about it being likely that I messed up a detail or two. I was in a hurry to get my mind around it all before EOD, which I think I did.
If I'm right (even generally), then this puppy is really going to fly.
Sooner than later, too.
All IMHO.
Imperial Whazoo
Well I think you can believe what Raubner is telling us.
My only question at this point is a jaundiced doubting of whether Raubner is a "Manchurian candidate", still secretly loyal to RKT, or whether he is truly aiming at decision-making that is independent.
But on the other side of that question is the realization that, even if the team of former RKT people is here to position JBII to be aquired, it still serves JBII's interest if the company succeeds because the end result will be that the buy-out price, (should that be the real agenda here) will be better off if the technology works well enough for RKT to want to buy the company.
So, as I see it, it matters not whether the former RKT team is here to set the table for a future buy out. Either way, there is built in incentive to succeed, and in that success, I expect a far higher eventual price.
Personally, I do not think the RKT team is here in a capacity as "Manchurian candidates", but what I'm saying is that, even if it were the case, the reality is that they will move as fast as possible to get to the point where a buy-out is feasible, if that is the "secret" plan.
And actually, as I said before, I like finally finding out what was afoot. The chart told the tale that there was a problem of some sort.
I'm happy that the other shoe has now been dropped.
And I think Raubner is to be trusted. I believe you can trust he is not deceitful and is not an obfuscationist.
I could certainly be wrong, but I think he's here, whether to actually work as JBII's leader, or as a plant by RKT... he's here, either way, to generate success, and I think this hard PR is evidence of his doing the hard stuff, even when openly telling the details makes him look less than fabulous.
Thats what I think.
Imperial Whazoo
Not my thinking at all.
They underwent another stack test. I'm apparently alone in thinking that they are not tinkering, but building the new "things" that the DEC tested is not evidence of "still tinkering", IMHO.
The oversight & regulatory requirements of the DEC are written all over this.
JBII had the need to repair a machine. They told us all about this.
So they had the machine apart. They needed to invent an attached pre-melt & get it to work. So obviously, they needed to settle on new design requirements.
So they took the opportunity, while in this stage, to implement new design features. Common sense if you ask me.
So they designed it (that was the "tinkering"). Then they built it.
Then they got the DEC to stack test the new design.
And note that the new design passed the test.
The very idea that they are still tinkering is repudiated in toto by the act of building something new (THE NEW DESIGN) and getting it to pass the necessary tests.
They are not "still tinkering"
They have settled on the new design, built it, & now, tested it.... SUCCESSFULLY, I might add.
What we see here is the new design. THE new design that is the basis for the attached pre-melt for the next generation of machines. Simple as that, IMHO. Obviously.
Machine number 3 may be awaiting parts, but that can not be understood to be the company still tinkering.
They have done the tinkering, settled on what needs to be built, built it, and tested it.
Tinkering is done.
Certification is done.
Next step is the delivery of delayed parts and the build-out of the third machine.
Thats my opinion
OK..iHub, LOL. Good to know.
BTW... the guy who commented on SPOM being a bullish engulfing is spot on. Thats one of the best patterns to trade & I feel really nice about SPOM going parabolic next week. I love a big vol up move on a pinky I'm watching... especially if its to the upside on a Friday afternoon, late.
BTW: the reason I know about datafeeds is that I wrote an autotrading module that sucks data out of a socket in real time. It then databases it and flags me if there is anything "interesting" amongst the 500 stocks on the list I'm watching on a given day. When I wrote this code, I discovered that a lot of data vendors are not accurate. iHub is just one such. They are OK, mind you, but not when you are trying to do autotrades.
One thing is true about today: SPOM is definately an "interesting" flagged stock late this PM, LOL
Peace.
Imperial Whazoo
These were the timestamps of the only two trades at 13:20
13:20:08 .0074 90K
13:20:20 .0074 8.5K
There were trades before (13:19:26 .0075 50K) and after (13:22:00 .008 15K), but thats it. Only two printed in minute 13:20.
Here's what you are looking at in your end, for sure... your ticker is either aggegated or it wa an in-shop ticker. Some vendors aggregata and they post differently. Is your T&S a messaging vendor (request/send, like DDE) or a stream (thru a socket)?
Anyway, if its an "in-shop" ticker, then not propogating it is interesting because it ought to propogate throughout, to all of us.
Anyway, it is what it is and I bet SPOM is pending news,, certainly next week.
Somebody always knows something.
Peace. Sorry to ruffle your feathers.
Imperial Whazoo
Well, not to be argumentative but I trade for a living and my level 2 and my T&S is professional grade and it shows no 387K trade. When you posted earlier, I went out & checked the history I run on what I'm watching and it does not show any 387K trades.
Whats the time stamp on it, if you will.
Point is.... I trade & I have the goods to know whereof I speak and my history of the tickers & trades on what I'm interested in is complete. Sorry.
My ticker & my time & sales show this timestamp, with the biggest of the day being 120K @ 14:35:10 thru TD Ameritrade.
I point this out to clear the air of any future allegation by the negatories, who always show up on a hot runner, that this is a Pump & Dump. SPOM is no P&D.
I bet we get news really soon and I bet that the move we are presently seeing start is a symmetrical ABC up. If it is, we see approx .0325 on a 100% move of a move.
Imperial Whazoo
Anyone have a whiff of a rumor? Something is happening, that much is apparent.
I mentioned today the need for volume.
Well, ahem.... I'd say somebody was listening and there is VOLUME, baby!!
There must be news coming next week. Lets hope so.
And did folks see that 120K buy at.0115? Go for it, baby!!
Imperial Whazoo
Actually, all I did was make a typo; I meant 11/27
And I just did a Fib fan using the 11/15 day and both the 15th & the 27th generate the same basic Fib line retraces and there is too little difference to matter. The MMs can shove this puppy all over the place at a whim. If they fart, the retraces get violated, LOL.
There is just too little volume here to be able to use most indicators, anyway. You want a general picture of what's going on? Throw a Fib splay up and it can be discerned that there is a "general" approach being used by VERT's traders (IMHO).
Volume is key & this puppy has too little of it to matter.
My real reason for posting my comments was to steer the conversation towards the idea that the MMs are using Fibs, generally, and this is visible in what we are looking at in SPOM.
Thats what I think.
But we need volume.
Right now, a MM sneezes and the Fib level of either of us get violated. Simple as that.
Volume.
Imperial Whazoo
EDITED: A bit off topic.... but the topic of what you did here on SPOM was that you say you would use an earlier moderate vol day, the 11/15 day, and I'd use the higher vol day... 11/27. OK, so look at JBII, another OTCBB stock.... tell me, what day would you use there and why? TIA
Point that out plainly for everyone to see: NO PRE-SORT REQUIRED. And no pre-wash either
As such, that set of ideas about costs and tonnage values and so forth are without merit.
Thanx for pointing this out.
Needed to be said.
JBII is a story stock and that particular detail is part of the foundational reason why I got interested.
You take plastic... dirty and/or unsorted.
You grind it up
You melt it.
With the pre-melt, dirty plastic can be unearthed from a landfill. Go read the details of the RKT deal. they wanted to dig up old landfills & since JBII separates dirty plastic by melting it, the dirty stuff drops away, leaving only usable plastic.
Thats part of the story of this story stock.
ImperialWhazoo
I lost you there... what exactly about May? The next SEC filing is in mid-March... right? So please enlighten me, and I bet a few others, what you are expecting in May.
TIA
Imperial Whazoo