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Over 113 papers with a huge name promoter werew promoing this..and then they stopped, when it wasnt ready in time..they have already hired huge promoters and there is still time and money left on that initial 300k paid to promote...
That means this will/should be promoted again and heavily. This time they are waiting (imo) to have more juice behind product and more features.
IMO once this does, it will go higher and be more sustained for a bit than most promos..because this is one that you can touch and see and use.
GO RARS!!!!!!
Thank you :)
LONG ON FRCN!!!!
And might I add, I spoke to their IR firm Halliberton months ago and they were
A. Very responsive
B. Very well informed
C. Very right on..everything they told me months ago, is what has happened...which is a very good sign.
Cheers to ALL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hi Masked..can you please explain the difference and what that means to stockholders like us?
Many thanks & GFTA
Perhaps true in the past..but this is acting like a different management company...and they are doing things differently. the FACT is they are producing gold, have boots on the ground, located in the US and are hiring.
GFTA!!!
Wait wait...can you please save your comments till tomorrow...so I can get some shares below .012???? This thing is going to FLYYYYYYY!!!!!!!
Go PCFG!
I'm only taking advice from people that understand and can write English----if they cannot---perhaps they cannot read English and sum up reports accurately JMHO
GOOOOOO PCFG!!!!!!!!!!!!!!!!!!
IMO there would be no reason for anyone to promote this yet...it would have MUCH more impact when 1.2 and android are released. m sure the company and promoters know this and I am betting that this is why they are holding off. That puts it being promoted 2-6 weeks off. Its just patience now....
Go RARS & GFTA LONGHOLDERS!!!!!
Just another tidbit about gold---India is the largest current consumer of gold. Right now it is the monsoon season and there are much fewer weddings in India..and historically that is why the demand and price dips this time of year...as the wedding (ie gold giving season) comes back around, so does the price of gold go up UP UP and away ---add to that where the world is right now and I believe gold is going up like a hot air balloon this fall..
GO PCFG!!!!
No doubt Smartrader...I figure that is one of the most messed manipulated stocks going on in recent months and that would be a good one...all the big and sideways MMs are on it
Swass---Please have them check out RARS too...Many thanks in advance
5 Star Sealife!!!
This was on another stock today--- perhaps light will finally shine on these shenanigans
Starting to connect the dots yet?:
Yorkville Advisors has been part of the Term Asset-Backed Securities Loan Facility Program since last year. Under TALF, the Federal Reserve Bank of New York has up to $1 billion to lend as part of an effort to inject liquidity into the ABS market.
Yorkville received some $233 million of that financing, using it to buy $253 million in securities last year for its flagship, YA Global Investments. The TALF deals were made via a subsidiary of the fund, New Earthshell Corp., and placed with a special-purpose entity called YA TALF Holdings, Forbes reports. The hedge fund still owes the Fed $162 million.”
This is of course a pennyante amount. You, my friend, may not be able to get one cent from the Fed even if you write them and ask pretty please and include pics of your starving kids, but to other of the higher players in the Wallfare world, that loan is pocket change.
Since it isn’t pocket change to me, though (if I and one thousand of my clones worked one thousand years at the rate in which I make money, we would not have collected anything near 230 million dollars), I figure that it might be a good idea to poke around Yorkville Associates, and see what they are about.
So what does Yorkville do, and why would we want to loan it money?
Here’s a good summary of one of Yorkville’s big money makers:
“Yorkville Advisors, founded by 38-year-old Mark Angelo in 2001, is one of the largest hedge fund firms specializing in investing in thinly-traded and often illiquid outfits by making private investments in public equities, also known as PIPEs. The hedge fund firm reported nearly $1 billion in assets as recently as 2008. Angelo’s variation on PIPEs is a structured product called a standby equity distribution agreement, which like most PIPEs often causes the stock of the company receiving the investment to drop because it results in Yorkville’s funds collecting discounted shares.
A report prepared by Sagient Research’s PlacementTracker shows that Yorkville has entered into $762 million in PIPE deals since 2001, causing the underlying stocks to drop 38% on average in the first year. Most of those investments were made by Yorkville’s Cornell Capital Partners, which later changed its name to YA Global Investments.
YA Global Investments reported a total return of 6.04% in 2009 and 6.22% in 2008, its financial statements say. It reported a net investment loss of 0.09% in 2009 and net investment income of 5.43% in 2008.
According to the one-page independent auditor’s report prepared on August 13 by McGladrey & Pullen, YA Global Investments’ consolidated financial statements include investments valued at $804 million, representing 94% of its partners’ capital plus the amounts due to certain Yorkville special purpose vehicles, “whose fair values have been estimated” by Yorkville Advisors “in the absence of readily ascertainable fair values.”
Now, that seems a bit curious. We gave this outfit money so that it could use the money to mount a play to make selected stock prices drop, which made it money.
Hmm, how is this possible? Well, here’s an explanation of PIPE action as it pertains to another fund, the NIR group, written by Matthew Goldstein at Reuters:
"But what’s surprising to me is why the SEC is just looking into the NIR funds now, given that it has been a dominant player in so-called “death spiral” convertible market. These securities have gotten a bad rap over the years because they include a trigger that permits bonds to be converted into common shares whenever there is a precipitous drop in the prices of a company’s stock.
Back in 2004, the SEC launched a sweeping probe into the market for these and other so-called PIPEs–private investments in public equity. Most PIPEs are a form of a convertible bond, mainly sold by small-cap companies, with terms highly favorable to hedge fund investors.
The shorts love PIPEs because the flood of stock in these highly-illiquid small cap companies invariably pushes the share prices lower. Not surprisingly, death spirals are real popular with short sellers.
The SEC probe led to a number of actions against hedge funds charged with improper short selling. Many of the hedge funds nabbed by the SEC were found to be shorting companies doing PIPES in advance of the offering–in effect trying to game the deal.
When I worked at TheStreet.com I did a lot of reporting on PIPE abuses and the SEC investigation. NIR was never charged with any wrongoing by the SEC during that long-running investigation. And it’s very well possible that NIR did nothing wrong in the death spirals it invested in–just as it is possible Ribotsky’s firm has done nothing improper this time around either.
But in 2006, I wrote a story for TheStreet.com about the surprising return of the death spiral, and in it I noted that NIR was one of the biggest players in this kind of PIPE deal. Back then I reported that there were no allegations of wrongdoing by NIR, but the firm did report having “some stellar annual returns.””
Well, okay. The Federal Government can’t exactly loan money to the deadbeat homeowner. What would he use it for? Paying off his mortgage? The Fed just chuckles about such obvious inefficient wastes of money. The Government will, indirectly, loan to students, but not at one percent interest – cause that would barely cover the penthouses of the CEOs of the lending companies. As for poor children’s health care – who is gonna pay any loan there back? Forget about it. As Mr. O. and his Republican opponents are agreed, we just have to cut back entitlements to the non-value crowd.
But in the case of Mr. Angelo’s death spiral fund, different criteria apply. We need to loan to Mr. Angelo’s death spiral fund because we want to prevent Depression. We want to prevent catastrophe. We want to preserve civilization.
The death spiral fund is the kind of thing the government pats on the head. It is the kind of thing it loans 230 million dollars to.
Now, one of the arguments made in comments sections of blogs and newspaper stories about Occupy Wall Street is that the financial section is flailing. It is not racking up the profits. This argument is apparently oriented towards getting us to pity this sector, but it raises the question: you mean we loaned out 16 trillion dollars and the financial sector is still rotten?
In miniature, this seems to be the problem with Yorkville. Thus, the headline in Forbes earlier this year:
“New Jersey Hedge Fund Posts Its First Down Year In A Decade”
Turns out that the company has problems stemming from 2008 that it still can’t cope with. And even as the stock market recovered, a poor little fund that depends on a complicated mechanism to pull stock prices lower and benefit from the short side can’t seem to get no traction.
“The hedge fund firm, which reported nearly $1 billion in assets as recently as 2008, specializes in a structured product called a standby equity distribution agreement. In connection with investor redemptions it could not meet in 2008, however, Yorkville Advisors restructured its hedge fund operations, creating special purpose vehicles and giving redeeming investors the option of receiving securities in-kind or ownership in the SPVs. The SPVs were distributed pro-rata participation interests in YA Global Investments’ securities. The plan has been for the SPVs to get cash distributions as YA Global Investments liquidates its assets and for the SPVs to pay out its members.”
Ahh, financial gobbledy gook! In plain English, the fund resorted towards various shifts to cover up a money losing strategy, and lost money anyway.
Still, given these facts, our loan saved the company from bankruptcy, and so surely contributed to the greater good. Which brings up the question: what kind of greater good has Yorkville been generating over the past decade?
Looking up the company’s history, one discovers that it lies in a profusion of nomenclature and ‘vehicles’, which make it a little difficult to follow in any linear fashion. But one thing at least is clear. Yorkville is a legal entity created as part of something called Cornell Capital. And Cornell Capital, and Mr. Angelo, certainly have some interesting associates!
In 2007, an investor group named sleuthshares ran an investigation of a number of New Jersey companies that had two things in common: their directors had records for fraud, and they were connected to Cornell Capital.
“Sharesleuth’s investigation uncovered a daisy-chain of dealmaking that has provided millions in hedge fund money to small, struggling companies and has generated millions in stock and cash for consultants, promoters and other financial middlemen
Sharesleuth will outline those connections in a series of articles over the next few weeks.
At the center of the deal making is Robert D. Press, who a decade ago was president of a company that ran a boiler-room brokerage called PCM Securities Ltd. He was in his early 30s at the time.
Federal prosecutors charged in 1999 that PCM and several related brokerages were infiltrated by organized crime and became part of a vast “pump and dump’ scheme that cheated investors out of more than $150 million.
More than 50 people connected to PCM and three other firms – Hanover Sterling & Co., Norfolk Securities Corp. and Capital Planning Associates Inc. -- either pleaded guilty or were found guilty of racketeering or fraud charges.
Press was not among those indicted.
Press more recently has been a presence at several firms that provided money or consulting services to small public companies, including Cargo Connection and others listed in the New Jersey court documents.
From November 2004 until late 2006, Press also was co-portfolio manager for one of Cornell’s affiliated funds, Montgomery Equity Partners Ltd.
Yorkville Advisors LLC is the general partner of Cornell Capital, and also was general partner of two other funds, Montgomery Equity Partners and Highgate House Funds Ltd. The latter two funds have been consolidated into Cornell.
Mark A. Angelo, the managing member of Yorkville Advisors and president of Cornell, was the co-portfolio manager of all three funds.
Cornell said it no longer has any association with Press, noting that “it didn’t work out, so we parted ways.’’ However, Press still has an active telephone extension that is reachable through the hedge fund’s main switchboard.
Sharesleuth’s investigation shows that Press and the Cornell family of funds participated in at least two financing deals alongside Robert H. Pozner, who was one of the original defendants indicted in the New Jersey fraud case in 2005.
Pozner, a former stock broker and trader, has signed a plea agreement that calls for a maximum of five years in prison. He previously pleaded guilty to securities fraud and perjury charges in another stock manipulation case and served three months in prison.”
Well, heavens, what the internet turns up! It is hard to believe that a little blogger, moi, could find this out and the Federal Reserve couldn’t. So I suppose we must conclude that a death spiral fund with a shaky history - the kind of fund that engineers drops in share prices and has associates that have been fingered for pump and dump kind of operations in the past - is just the kind of thing that we must prop up so as to not suffer from Depression and other horrendous events. And now that we have propped up this financial services sector, we shouldn’t go around taxing its CEOs too onerously – poor babies had quite enough scares for one decade!
But we should righteously cut the entitlements that the wage class uses to pursue its frivolous lifestyle.
Ask an economist, and this is the answer he’ll give you.
Of course, we could give them all the raspberry and occupy Wallfare Street.
? where does it say or imply that FB will acquire NEOM? It didoes say that at all in this post/link that I am reading
Can you please explain what this means? I understand who Murray is and what the form is....I am just wondering if anyone knows of any significance that this brings.
While this is true..so is the amazing long term potential. Friedman and KBR..these are big names involved now...sometimes you have to take a step back to move many steps ahead!
GOOOO BION!
dont forget tomorrow is social media day---hopefully they make a buzz...i mean a RAAAAAARRRRRRR!!!
Thanks for the info Pop. Very excited to start hearing more patent=money news!
Good morning & GFTA!!!!
Thank you. Just to clarify...just to clarify...do they still own the rights for I guess 12-18 months to the Tungsten (one of the RAREST and most sought after substances right now---)
http://news.google.com/newspapers?nid=1350&dat=19510705&id=xcw_AAAAIBAJ&sjid=Lw4EAAAAIBAJ&pg=5955,1656133
http://www.proactiveinvestors.com/companies/news/14839/ormonde-well-positioned-to-address-tungsten-shortage-analyst-14839.html
If they still do selfishly....PLEASE keep the price lower for a week till I can add MUCH MUCH more.
GFTA!!!!!
Hi guys...did I read a post on here correctly (cant find it now) that PCFG has found Tungsten and can mine it?
Agreed--its ready to be promo'd.
Think about it...they have paid over 300k for a week of promotions. They only had 2-3 days. At the very least there is an account with (promo.my.stock) somewhere that is obligated for more promo dates.
this was promoted at wrong time, before the tech was ready so they pulled it. If they were smart (and only time will tell) they would be doing exactly this----waiting until there was substantial real verifiable news before getting the promo machines humming again.
There has been too much capital invested in promo and stock and liens for them not to run this again.
GFTA who have waited this out.
:) Thank you both!
FWIW when I spoke to the IR counsel for FRCN, they were VERY knowledgeable and did not dodge the hard questions. They gave me a timeline of what would play out and it is playing out exactly according to what I was told a month ago. Their expertise and handle and knowledge made me hold the stock, even though I was (and very much still am) significantly on the downside.
It says something when the IR people:
A. return your call right away
B. Answer the tough questions
C. Keep their word about company activities
Staying IN and STRONG!!!! WWWOOHOOOOOOO DONT PUT THIS FIRE OUT!!!!!!
Here is another opinion...based on over 15 years in the commercial financial industry....
Neom's financing...past--not good for us---current--better (a prettier version, but still ugly on inside)
Neom's timing in industry - - couldn't be better
Neom's reputation (sentiments/media) & patents (in the real daily (non-investor) world - - -well respected as one of the leaders in a fast emerging tech sector
Neom's sentiment in tech for being able to advertise with these (the only one recently publicly recognized WITH Ad DATA converted to numbers converted to profits for a company
Yes, the financing situation is sub par to say the least. Yes, LM does not seem to have a handle on many things...however...the tech, patents, reputation and market timing are ALL there. (GENERAL COMMERCIAL SENTIMENT)
And here is the reality for people who do not understand take overs, buyouts etc.... MANY MANY companies buy/merge etc... companies with distressed financing like this so that they can write off the new companies debt and use the technology. I have seen this dozens of times. Company A has an interest in a product and has a tax/cash need to show a loss. They do not have the proper subsidiaries to write that off and could owe millions. If a company were looking to grow and had a need for this technology (Company B) now (or in the future) and wanted to buy it...it could serve multiple purposes for them and they could in effect:
A. Wipe out YA
B. Replace management structure
C. Grandfather in clients/patents/tech etc etc
D. Bring this stock and company back into its rightful place before it was shamefully brought down by greed, misinformation and speculation.
Before you dismiss this as "hope." Many many times this has happened and to companies way less advanced and having much less such future promise and opportunity as NEOM.
GFTA
Thank you Lexi, for bringing the price down so I can buy more shares. Turner construction ( the nations largest) and dollar tree both use their new IR firm and both businesses are long and strong with great reputations. Wooohoo!!!!! BIO for BION!!!!!!!!!!
Woohooo GO BABY GO!!!!!
Did you talk to anyone there? Did you ask any questions?
Again, if you look at the list, there are a couple discrepancies for other people...most of this work is done by interns at MeetUp and/or Mashable. I would not put one more thought into that. It doesnt matter either way whether an intern hadnt had coffee or not that morning.
All I know is that an awful lot of money has been spent on this company and marketing. Whatever the end result is, I am hoping for the best...but very much think it will still run up and catch some wind in the sails in the next 30 days.
AMO
Good Fortunes!
FWIW--his name IS spelled correctly, you have to scroll through to the bottom. A lot of peoples names were accidently doubled or spelled wrong. Probably an intern! I have been following this site since I joined RARS and the MeetUP company, who is very much a company and is hiring. Although they do not have any affiliation that I know of, this "social media day" does in fact have a decent amount of "who's who" with companies and international presence.
jmho
Hope is a rocketing green day for us!
No, not on this....I was making a comparison (question) about whether or not, if this claim is correct, that anyone using any type of device, specified in the patent lawsuit, that if NeoMedia wins, that they (not just Spyderlink) might be forced to pay NeoMedia a premium "LIKE" FTTN companies that are small companies that put in various infrastructure and communities and "ride the fiber" of the larger companies and pay a premium to do so because the larger companies have the air/land rights. If NeoMedia's "rights" to this space can hold up (if what I am reading is accurate and even a possibility) it could be very very very big and would explain why patent and legal workings has been occupying a great deal of their time and our investment.
Am I reading the patent language correctly in this last post? If this is what the already approved patent language states...this is a pretty clear definition that NEOM should benefit in terms of financial rights....even if it breaks down like fiber networks that "pay a premium" to ride the fiber on usage.
Am I correct in this assumption? TIA
Just a reminder...that there will be more promos---the promo companies did not fulfill their "weeklong" obligations and got paid quite a bit. More than likely, RARS saw what was happening, knew it needed more tangible news, and so witht he release of that news the promos will restart back up.
GLA
Just wanted to chime in and remind anyone, that when I spoke to CFO a few weeks back...that their primary focus was signing large national accounts AND protecting and enhancing their legal rights and portfolios of patents. Their legal strategy seemed to be just as much a focus. They also have top notch legal teams.
FWIW
GOOOOOO NEOM!
Deadjim---I am holding this stock hoping for the bounce play--and will probably hold some (tightly) to see what they do with the technology. Normally people go on boards and trashtalk other people and I appreciate that you have not done that. I believe that you are trying to give newbie investors fair warning, because you have more experience than most. And while, I dont want to see this stock fail and investors get hurt and would like to see positivity on here...this is a hub for facts and opinions, it seems some people are here, to feel better about themselves. I appreciate you stating what you believe are facts and appreciate that you didnt attack anyone to get that across.
For anyone else reading this..if you need a cheerleader...go to a football game. And if you need a scapegoat...go milk one.
I called Haliburton thier IR firm a couple weeks ago. I am not in a place to call right now physically, but someone should call them. They had the dates of the franchaisee meetings and possible promo dates.
We are all big boys and girls here...some of us just trying to find answers or commiserating. No one needs your sarcasm. People have real money and real savings invested. Please take a hike and do unto others.
Nevermind, I see that was an old article
Oh thank you!
Can someone please explain the significance of the chart that was just posted... Other than my trading account just got severely wounded?
Is this true? Will news be coming coming out in HUGE waves? Did you address share price and the NEED for the investors to see the stock well above $1?
Thank you and GFTA
Is that normal to do?--- Hey Corona, I Zngled you a question!