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As I wrote before, gabe, stop playing games...
...and just post what you know. Does FattMatt know you're posting here again after being fried?
Your puppet in Maryland? I suppose you mean Rev. Medgar L Reid. Did you sucker him into signing a similarly idiotic Director's agreement as the one that you sent for my evaluation?
Here's a perfect example of the kind of BS for which you are so well known. I'll bet Rev. Reid is more than a little bit embarrassed by the persistence of internet memory.
Free and Clear Foundations of America Plans Launch of Inner City Penny Appreciation Fund
2004-01-05
Started by a man who was given the moniker of "The Penny King" by a homeless person almost a decade ago, the Penny Appreciation Fund has evolved into a highly sophisticated method of educating the homeless, the poor, and the debt ridden middle class in America. Free and Clear Foundations applies basic economic principles to help inner city youth understand the mechanics of money and motivates them to save all their pennies with potential high growth returns.
Baltimore, MD -Free and Clear Press Corps -Rev. Medgar L Reid, Chair of the Inner City Project of Rotary District 7620, is in final talks with the Free and Clear Foundations of America to prepare educational and promotional materials for the launch of the Penny Appreciation Fund drive in Baltimore, Maryland some time during the second quarter of 2004.
Reverend Reid, a member of the Baltimore Rotary Club for the past three years who serves on its Board of Directors and has been active on the Youth Services Committee, having acted as special liaison to the Governor of Maryland Office for Club Events, has recently been nominated by the Senior Trustee of the Free and Clear Foundations to help coordinate the Inner City Penny Appreciation Fund in Baltimore and act as the Executive Director and Trustee for the Fund.
His nomination is subject to the final approval of the Board of Trustees of the Foundations in Washington D.C. and the Rotary International District Governor.
Jim Diarmed, Rotary International District Governor who is looking to Reid to provide innovative programs to help those who live in the inner city, has called the Reverend Reid "a man of great vision and integrity".
The Inner City Penny Appreciation Fund (ICPAF) is being targeted to inner city youth starting in the Baltimore area and expanding into the District of Columbia and surrounding neighborhoods.
Combined with the Inner City Project that is focused on bringing business leaders together to make a positive difference in the local community, while addressing the concerns of local mothers distressed at the current crisis in the public school system, ICPAF will begin buying pennies from inner city youth for a dollar each after the program has been fully funded.
Reid stated that, "Business leaders should continue to step up to the plate and encourage positive changes in youth economic educational development programs, regardless of the failure of public schools to educate the poor, relieve the distress of the economically impaired, and bury the dead and unworkable economic policies of the past."
The program will be gradually implemented through Rotary District 7620, which encompasses 70 Clubs in Maryland and Washington including one on Capital Hill, subject to the final approval of the members of the Board of Directors of the Rotary Clubs in the Maryland and Washington D.C. areas. Approval for the project is expected some time by the end of February.
Under the ICPAF children between the ages of ten to sixteen will be entered into a volunteer educational curricula that includes monthly chapter studies of "The Richest Man in Babylon" written by George Clason in the 1920's before the great depression, and "The Greatest Salesman in the World" by Og Mandino.
After reading a chapter in each book, the children will be rewarded for their knowledge by passing a simple quiz on that chapter and trading in a certain number of their saved up pennies for one dollar each.
The pennies will be stored in a safe deposit vault at a local bank that helps sponsor the fund and manage the accounts of the Foundations under the Trusteeship of the Foundations in Maryland and Washington D.C.
Local business leaders, religious organizations and non governmental organizations will be asked to donate copies of the books for the program.
Matching grants from the Free and Clear Foundations of America will fund the PAF.
The program is designed to reward children for learning the value and importance of learning basic natural economic laws, saving and investing for the future, and understanding the nature of free economics. The program is designed to become self sufficient after its initial round of funding.
Gabor S. Acs, an international financier, independent economist, author, analyst and philanthropist, has pledged $1,000,000 in initial matching funds toward the project through the auspices of the Free and Clear Foundations of America, Inc.
For more information, contact: Sandra Leigh Gabor, Executive Director, Free and Clear Foundations of America, Inc., via email only at sandara@thepennyking.com.
Information:
Company Name: FREE AND CLEAR FOUNDATIONS
Company Contact: Sandra Leigh Gabor
Company Phone: 775-338-5550
Company Site: http://www.freeandclearfoundations.org
Category: Economy
Source: PrWeb
http://economy.press-base.com/en/ds/73074/Free_and_Clear_Foundations_of_America_Plans_Launch_of_Inne...
How incredibly pathetic!
g!- I posted Beth's CA bar record and other info...
...long ago and not very far away. You claimed at one time to have been instrumental in bringing Ochoa, Safadi and Mataras together, and you apparently conned 'em into participating in your bogus Free and Clear Foundations madness at one time or another. You made a lot of noise about filmmaking some years ago, and I suppose that was piggybacking on Safadi. Then there was the ridiculous zero-interest mortgage gambit and you actually got Mataras to open an office in California to push the program. Of course, the business wasn't registered properly to orchestrate mortgages, and I'll bet Mataras would prefer that the entire episode be forgotten. I have the webpages archived somewhere.
Indeed, that the three principals of Telynx were at one time followers of The Penny King is for me an indicator that the company is just so much penny trash.
So stop playing games, g! If you have information that can help others figure out what's really going on here, then post it; otherwise you're just more noise.
'Krautgate' is a kind of pet peeve for me, bp; and the non-response is typical. Because few challenge the claim of naked short selling via the BBE, it's taken on a kind of urban legend character; and I don't consider that to be a good thing.
Have you seen this?
http://freedomfunds.net/naffwire_news04012005.html
Fair enough, mp; but the release went way beyond informing investors. Indeed it fed the mumpsimus about the BBE by quoting a poorly researched article on the topic, and the phrasing wasn't reassuring, but rather inflammatory--inviting shareholders to contact the BBE in protest.
The company would have been better served with a release that simply said that the company had been listed for four days, that no trading occurred and that the stock had been removed. That would have given an impression of responsive and proactive management taking action to alleviate investors' unfounded fears of height-challenged Teutonic nudists. (LOL!)
From there it could have segued into a paragraph or two of promotional information about the company's progress.
It took me ten minutes to find out that there had been no trading in TNOG on the BBE. A responsible IR spokesperson would have done the same research and incorporated the information into the release rather than publishing fearmongering nonsense that helps to perpetuate this ridiculous toutish myth.
Thanks, bp...
I see your interpretation of 'channel' is based upon drawing trend lines from peak to peak. Good for a quick snapshot of a trend, perhaps, but not very accurate for prognostication. Many factors can change the slope or reverse the trend completely.
Charting, especially with pink sheet trash, is an arcane science. Maybe after another few years I'll be content to think I know a fraction of what is available to learn. LOL!
What do you mean when you refer to the upper and lower 'channels'? Keltner channels? Price channels? What parameters?
Can you please post a chart to illustrate your comment? That's one of the elements of IHUB that I enjoy--the ability to imbed charts and images in a post.
The point is that the press release was IMO ill-considered and released after the stock had already been removed from the BBE. To date, I have not seen any of the companies that have whined about naked short selling via arbitrage with the BBE offer any evidence that there has actually been any significant impact from being listed on that exchange, and I believe the raising the spectre of this purported strategy is nothing but a deflection--a way to blame mysterious players for the failure of the stock price, which is usually declining as a result of dilution or perception that the company isn't living up to its promise.
I think that the release did more harm than good, essentially damaging the company's credibility. It was completely unnecessary, and indeed quite misleading in a number of ways.
I can elaborate if you would like me to do so, but I really think the whole event is a non-issue, and as I wrote earlier, a deflection from the real business at hand.
mp- 3-6 months is likely the short end of a reasonable estimate, because the company really has quite a bit of work to do in order to become fully reporting. Their last periodic filing was in July of 2002, so they have to file quite a few quarterlies and annual reports. Actually, I'm not 100% sure they'll have to file all the missing reports, but I do know the OTCBB requires a full year at minimum. It's an interesting question--what exactly is required at this point? No Form 15 has ever been filed.
By the way, did you know that this was originally an Aaron Tsai shell?
14. Aaron Tsai, age 33, is the president and chief executive officer of MAS Capital, Inc., a firm that provides services to companies seeking to be quoted on the OTC Bulletin Board. Tsai lives in Henderson, Kentucky. Through MAS Capital and affiliate companies, Tsai has registered approximately fifty shell companies with the Commission and has sold more then twenty shell companies in reverse mergers.
http://www.sec.gov/litigation/complaints/complr17469.htm
http://www.sec.gov/litigation/complaints/comp18088.htm
Indeed, o. RB can get somewhat 'noisy' and I do like IHUB for a number of reasons, not the least of which is that it works consistently. LOL!
I hope you aren't going to fall for that Berlin-Bremen nonsense. Like most of its genre, the press release was totally bogus. When a company raises the spectre of naked short sellers taking advantage of arbitrage with the B-B Exchange, I consider it an indicator that either management has been taken in by the Investrendy mumpsimus, or they've given their IR consultants too much latitude to pump with impunity.
It took me about 10 minutes to prove conclusively that not only has there been no naked shortselling via the BBE, there wasn't a single share of TNOG traded on that exchange during the four days it was listed. Furthermore, the stock was removed before the press release was issued, therefore it was a non-event and certainly not newsworthy. All it did was hurt the company's credibility and it demonstrated quite clearly that Novak still has the character of a Howe St. pumphouse even though they're now operating out of Oregon.
jurisper- Not received. Please resend. Thanks.
Wimps, luuzers, poofters, painty-waiste dillatentes.
AC laught at you all since no one will get off
their fat ass and put down their beer long
enough to do anything.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CDVJ&read=32875
Illiteratus maximus!
Yes, I'd like to see that piece if possible. Do you still have my address? I shut down the hushmail because it was filled with spammage.
Round up the usual suspects. LOL!
I GUESS YOU DONT SEE HOW YOUR OWN LOWERCASE STYLE CONFLICTS WITH YOUR CRITICASTING STOP LOL STOP
language should not be altered to fit the form of lazy speakers and writers
Actually, you're quite wrong about my use of the semicolon; and your comment indicates that you're probably a victim of the post-1960s American educational system.
As a regular observer of media, I do realize that the semicolon is out of style these days; and that the trend is toward shorter sentences which are a print version of the television 'sound byte'. But it is indeed a question of style rather than correctness. Some writers embrace an older, more verbose style while others prefer the punchy prose that used to be found only in newspaper writing. The semicolon dates from 1494, by the way, so it's seen quite a variety of usage.
Here's a bit from a wonderful little book entitled Eats, Shoots and Leaves by Lynne Truss, where she quotes from essayist Lewis Thomas's The Medusa and the Snail:
The semicolon tells you that there is some question about the preceding full sentence; something needs to be added. [...] The period [or full stop] tells you that that is that; if you didn't get all the meaning you wanted or expected, anyway you got all the writer intended to parcel out and now you have to move along. But with the semicolon there you get a pleasant feeling of expectancy; there is more to come; read on; it will get clearer.
Truss continues [writing about the semicolon and colon]:
Expectation is what these stops are about; expectation and elastic energy. Like internal springs, they propel you forward in a sentence toward more information...
By the way, and speaking of style, are your shift keys broken? My favorite word is 'fercivacious'. Don't bother to look it up; it doesn't exist. LOL!
I 'overuse' fecalith intentionally, as I'm trying to bring it into more general use on the boards as a replacement for the acronmym 'POS'. Language evolves through usage, of course, and I toy with the notion of what might be considered as a kind of viral influence.
I 'overuse' other words, some coined, with the same intent--to see how far their use can spread. If you're familiar with my posts, you'll see me use 'pumpadump' and 'toutish' quite frequently; and I love the word 'mumpsimus' to describe the mindless belief in 'paid bashers' or that height-challenged nudists are destroying the global economy.
And yes, I'm aware that I use an apostrophe where a quotation mark is correct--a combination of laziness and a comment on the stupidity of the QWERTY keyboard.
I rarely correct the mistakes of others except in a joking context. In the case you referenced, the poster understood that and replied with a joking remark himself. I'm reasonably well-educated, goosey, but I'm not perfect. Who is?
I think it's a shame that most of us know and use but a fraction of the rich vocabulary available in English, and I make an effort to constantly expand my knowledge. The easiest way to expand your vocabulary is to look up any word you encounter that's unfamiliar. This was more work in the world of paper, but the web makes it very easy.
Indeed, Google has a little-known dictionary function. You can preface a query with define: and Google will return a variety of definitions. For example, here's a query for one of my current favorites:
http://www.google.com/search?q=define:mumpsimus
Sorry goosey. Should have been 'alethiologist', but the nipple thing was funny; and yes, ofttimes. 'twas a rare double displacement.
My fave dictionary is the OED, and I have the 20 volume set plus a subscription for updates online. You won't find 'alethiologist' as it's a contemporary extension of a rarely used word, alethiology, especially ironic in light of my misspelling.
alethiology rare
The doctrine of truth, that part of logic which treats of truth.
1837-8 SIR W. HAMILTON Logic iv. 69 (L.) The first part [of logic] treats of the nature of truth and error, and of the highest laws for their discrimination, Alethiology.
http://dictionary.oed.com
I'm an atheliologist and offtimes quite sesquipedalian. LOL!
Infest? LOL! I'm entitled to express my opinion, regardless of whether or not I own shares in this fecalith.
Not quite, grandpappy. Revisit Rule 144 and you'll find that penny trash stocks (ie: stocks not listed on NASDAQ or NYSE) calculate volume as 1% of the outstanding shares, not weekly share volume.
Today is the day for accumulation. You see all the MMs take turn to collect sheep shares. This is just a matter of time before we explode. Patience is a virtual.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BTWO&read=2015
Zanahary Group (source Lexis-Nexis)
. ZANAHARY GROUP INC, 99-051910, JC-99051910-2000-DC, 2/10/2000, JUDGMENT, VIRGINIA BEACH CITY, VAJGT
2. ZANAHARY GROUP INC, 99-051910, JC-99051910-2000-DC, 2/10/2000, JUDGMENT, VIRGINIA BEACH CITY, VAJGT
3. ZANAHARY GROUP INC, 00-2569, SL-00002569-2000-CI, 3/17/2000, STATE TAX LIEN, NORFOLK CITY, VATXLN
4. ZANAHARY GROUP INC, 00-0011008, FL-00001100-2000-CI, 11/21/2000, FEDERAL TAX LIEN, NORFOLK CITY, VATXLN
5. ZANAHARY GROUP INC, BK184PG1124, SL-01841124-2001-CI, 12/7/2001, STATE TAX LIEN, VIRGINIA BEACH CITY, VATXLN
6. ZANAHARY GROUP INC, 98-062210, JC-98062210-1999-DC, 3/22/1999, JUDGMENT, NORFOLK CITY, VAJGT
7. ZANAHARY GROUP INC, 00-0870, SL-00000870-2000, 2/23/2000, STATE TAX LIEN, BALT CITY, MDTXLN
8. ZANAHARY GROUP INC, 01-021342, JC-01021342-2001-DC, 8/22/2001, JUDGMENT, VIRGINIA BEACH CITY, VAJGT
9. ZANAHARY GROUP, INC., 99-196766, SL-00196766-1999, 2/4/1999, STATE TAX LIEN, MONTGOMERY, MDTXLN
10. ZANAHARY GROUP, INC., 99-201395, SL-00201395-1999, 7/16/1999, STATE TAX LIEN, MONTGOMERY, MDTXLN
11. ZANAHARY GROUP, INC., 00-207318, SL-00207318-2000, 2/4/2000, STATE TAX LIEN, MONTGOMERY, MDTXLN
1. OKUSAGA, ADEKUNLE, 003243092, DC-00032430-1992, 2/25/1993, JUDGMENT, PRINCE GEORGE'S, MDJGT
2. OKUSAGA, ADEKUNLE N, BK167PG422, SL-00167422-2000-CI, 4/14/2000, STATE TAX LIEN, VIRGINIA BEACH CITY, VATXLN
3. OKUSAGA, ADEKUNLE N, GV01-036262, JC-01036262-2002-DC, 1/29/2002, JUDGMENT, NEWPORT NEWS CITY, VAJGT
4. OKUSAGA, ADEKUNLE NURUDEEN, 000357493, DC-00003574-1993, 6/8/1993, JUDGMENT, PRINCE GEORGE'S, MDJGT
5. OKUSAGA, ADEKUNLE, 001748395, DC-00017483-1995, 9/14/1995, JUDGMENT, PRINCE GEORGE'S, MDJGT
1. Debtors: ZANAHARY GROUP, INC., Secured Parties: STAR FINANCIAL L.P., INITIAL FILING, 1/26/1998, 980126 7807, VAUCC
Copyright © 2005 LexisNexis
Zanahary is incorporated in Maryland and registered as a foreign corporation in Virginia. The Virginia registration was in default for nonpayment until I posted about it on RB. Apparently Okusaga paid the fee the day after my posting and the record shows the Virgina registration as current now. However, it's apparently not legitimate because the company's original incorporation has been forfeit for non-payment of taxes.
Entity Name: ZANAHARY GROUP INC.
Dept. ID #: D04018685
Principal Office (Current):
1609 LORELEI DRIVE
FORT WASHINGTON, MD 20744
Resident Agent (Current): ADEKUNLE OKUSAGA
1609 LORELEI DRIVE
FORT WASHINGTON, MD 20744
Status: FORFEITED
Good Standing: No
Business Code: Ordinary Business - Stock
Date of Formation or Registration: 12/01/1994
State of Formation: MD
http://sdatcert3.resiusa.org/ucc-charter/DisplayEntity_b.asp?EntityID=D04018685&EntityName=ZANAH...
I already busted your theory on RB, islandtime. The articles posted on that site can easily be verified with Lexis-Nexis, which has a complete Montreal Gazette database. Infomart, the site where you searched, does not include articles by freelance journalists.
Do you have access to Lexis-Nexis? Here is a list of the Montreal Gazette and Ottawa Citizen articles in their database that include the name 'Cortellazzi':
73. The Gazette (Montreal, Quebec), March 01, 1999, FINAL, 162 words, Ex-teacher opts for jury trial
74. The Gazette (Montreal, Quebec), December 31, 1998, Thursday, FINAL EDITION, NEWS; Pg. A1 / FRONT, 631 words, Montessori school owner facing charges of fraud, MICHAEL MAINVILLE; THE GAZETTE
75. The Gazette (Montreal, Quebec), September 18, 1998, Friday, FINAL EDITION, NEWS; Pg. A3, 616 words, School checks lacking: parents: More complaints laid against Montessori-school administrator, KATE SWOGER; THE GAZETTE
76. The Gazette (Montreal, Quebec), September 17, 1998, Thursday, FINAL EDITION, NEWS; Pg. A1 / FRONT, 741 words, Montessori operator had fraud conviction, MICHAEL MAINVILLE; THE GAZETTE
77. The Gazette (Montreal, Quebec), September 16, 1998, Wednesday, FINAL EDITION, NEWS; Pg. A5, 330 words, Montessori probe widens, THE GAZETTE
78. The Gazette (Montreal, Quebec), September 12, 1998, Saturday, FINAL EDITION, NEWS; Pg. A3, 403 words, More families stranded: Principal disappears with fees from second school, MICHAEL MAINVILLE; THE GAZETTE
79. The Gazette (Montreal, Quebec), September 10, 1998, Thursday, FINAL EDITION, NEWS; Pg. A3, 449 words, School canceled; money gone, SUE MONTGOMERY; THE GAZETTE
81. The Ottawa Citizen, September 4, 1993, Saturday, FINAL EDITION, BUSINESS; Pg. F2, 188 words, Fraudulent mortgage broker fined after pleading guilty, KRISTIN GOFF; CITIZEN
Nice try, but Cortellazzi's history of fraud is quite real.
Sorry Tim, but the Zanahary Group is apparently an inactive company that hasn't paid their state and federal taxes. Their incorporation in Maryland has been revoked and their foreign corporate status in Virginia is in default.
Cortellazzi has done this before--released tantalizingly almost credible news that turns out to be completely bogus.
http://cortellazzi.notlong.com
More likely folks taking their tax losses...
...at the last minute. Nothing will resurrect this fraud. Byrne ran an amazing pumpadump using Muro's technology as a prop to sell shares. Threshie was stupid enough to believe it would work, but was not really competent to make it happen.
Happy 2005!
And of course, since this was posted on RB, you believe every word is true, right? LOL!
Merry Happy, chin. 2005 marks my 20th year of Internet messaging, and now I've seen it all.
Sorry Greely. I guess I'm confusing you with another poster. Tirex was a tire recycling scam based in Montreal orchestrated in part by Terrence C. Byrne. If you want an amazing tale of fear and loathing, google 'byrne allivane' to see his earlier involvement in the Iraqgate scandal of the 1980's.
I like this cartoon, which neatly describes most stocks on the OTCBB and Pinks...
...and have begun to refer to the sale of stock rather than product/services as the 'Lemonade-stand Principle'.
LOL!
Greely- You are too kind. You call what was the central purpose of Cortellazzi's acquisition of CDVJ a 'fabrication', yet will not yet deem the company to be a 'scam'? Do you remember the original positioning as an 'airport development company', for example?
One of the greatest 'smoking guns' this year was the attempt to foist a bogus homeland-security theme on the investing public. Do you remember the purported acquisition of a non-existent fingerprint security system company and the co-opting of another company's product description and imagery?
That you are so willing to grant latitude to con-artists like Cortellazzi is one of the reasons they can get away with their crimes. When will you get angry that such fraud is so blatantly and openly perpetrated?
If I'm not mistaken (and please correct me if I am), you gave the same latitude to Byrne and Threshie at Tirex, another Montreal-based fraud that was tantalizingly-almost-credible.
Yes, most assuredly; and have been for about a year now.
You can find a summary of CDVJ/CSJJ press releases and a history of Cortellazzi's nefarious acts of fraud here:
http://cortellazzi.notlong.com
Are we being scammed?
YHIHF!
I prefer it to the acronym 'POS', Jim, and use it in the same sense rather than precise medical definition. I do understand your ennui, and I'd be happy to consider alternatives; but nouns are few with the same meaning as 'piece of [expletive deleted]'. There's 'dung' or 'turd', but those lack the mystery and obscurity of 'fecalith'. One might suggest 'turdoid', but that's a kind of bird. 'Fecaloid' might do, but technically it's an adjective. There is no shortage of adjectives--stercoraceous,stercoricolous, fecal, fimetic, etc.; but...well, enough of that.
LOL!
Yes IL, 'addicted' is exactly right. This is a very compelling and addictive medium for a variety of reasons. The companies give thematic continuity and mystery, while the medium's emotional amplification provides an abundance of tension and conflict.
As for drugs...well, I 'attended' Rochdale College as the sixties became the seventies, but I've just said no for decades. LOL!
PW- You are a hoot and a half, dude. The operative word in your comment is 'if'. I suggest that Hilal doesn't release numbers because reality won't look as good as the fantasy you've conjured. I've noted all along that the submission of properly audited financials and a S-O declaration in a Form 10 filing will give the company the credibility it needs to move its price out of subpennyland. Unless and until it does this, it's just another non-reporting fecalith.
It's reasonably simple, PW. Because the price was so low, and the shares were probably sold at a discount (as with most equity financing deals) it took billions of shares to raise the amount of money that was necessary. The issuance of billions of shares was dilutive, and the result was a normal price decline for that reason. Furthermore, the buyers of the shares probably understood this, and shorted against the shares to lock in their value.
If the price had been higher to start, proportionally less shares would have been issued to raise the same amount of money. This would have been significantly less dilutive and would have resulted in a smaller percentage decline.
Why didn't Hilal publicize his successes to raise the price? Perhaps he was advised that the SEC really frowns on false and misleading press releases.
As I noted earlier, the issue is complex.
Now consider where the shares for large block purchases would come from. The whole point of 10b-18 is to prevent repurchases from manipulating...er...significantly affecting the price and market for the stock.
The repurchase price is limited to the prevailing market price. Think about it and you'll see that to effect a buyback of the magnitude we're discussing, it would take a long time if the company is to avoid running the price up and having the SEC come down on 'em.
Of course, you want a buyback to run the price, but that's exactly what it cannot do. LOL!
∆∆
ut also take note of "Thus, alternatively, once each week the issuer may purchase one block...
IL- Rather than me 'dumbing down', why don't you take the opportunity to 'smarten up'? LOL! If you don't understand a word that I use, look it up. If you don't understand a concept, please ask and I'll be glad to explain.
I'm always amused at how people make assumptions about my posting. I'm not a lawyer, nor do I make a career of investing. I own my own business that has nothing to do with securities at all; and I'm in the process of orchestrating a new business to bring speedreading to the online world.
One of the most common fallacies on the boards is that someone must have a fiduciary interest for posting. I don't, so please stop inventing scenarios that fit your own notions of 'motivation'. I simply enjoy research (about almost anything, by the way) and I choose to post in counterpoint to hype and lies. There is no real rhyme or reason to my selection of companies. In the case of Cetek, I 'found' it because a poster on the RB CDVJ board asked for my help when he was TOS'd along with a number of others on the CTKH board. As I explored why this happened, I became interested in the company. An 'interest' does NOT have to be a financial interest, you know.
By the way, I have a broad technical background and have been interested in nanotechnology since I read Drexler's "Engines of Creation" in the late 1980's. You can now read it online, and I highly recommend it.
http://www.foresight.org/EOC/index.html
You can call me a 'basher', which I consider to be an empty and meaningless term used to categorize and dismiss those who may express contrary opinions, but I'm really just an infomaniac.
Please enunciate that carefully. LOL!
You read it incorrectly. You've categorized me as a 'basher', so you read your own bias and delusion into my words. I'm generally precise with my prose, PW, so please read carefully before you go off ranting about comments I didn't make or intend.
Absolutely correct; but if you look at the rules closely, you can see that the repurchase of 5BB shares would take a very long time. The right mechanism, aside from the obvious need to consult a capable securities attorney, would be to approach the SEC with a proposal for the buyback and secure a no-action letter that would state that the Commission would not consider it to be manipulative.
You're amazing, PW. I was referencing your comment here that Hilal should buy back 5BB shares at .001, and pointed out that it would be illegal if it were done in any useful timeframe. I also noted that Rule 10b-18 addresses the issue of stock repurchases with the specific goal of preventing the use of the practice for price manipulation. I made no claim that any manipulation is occurring.
Sigh. I gave you a good reference so you might learn something about stock buybacks, but you insist on inventing wild scenarios. Here's what a REAL stock buyback looks like:
Charles Schwab OKs $300 Million Buyback
Thursday December 9, 2:57 pm ET
Financial Services Provider Charles Schwab Approves Buyback of $300 Million of Stock
SAN FRANCISCO (AP) -- Financial services provider Charles Schwab Corp. on Thursday said its board approved the buyback of $300 million of stock.
As of Sept. 30, the company had 1.35 billion outstanding shares. This move follows the completion of buyback programs approved in September 2001 and March 2003, under which the company bought back about 34 million shares for $318 million during the second half of 2004.
http://biz.yahoo.com/ap/041209/charles_schwab_buyback_1.html