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Amateur Hour - Promoter puts 3-5 million share order in to push up price with no intention of getting filled.
Promoter puts in 3M share order below the bid to push price, with no intentions of taking it. Keeps moving it up on the bid AND PULLS BID when too close or too much selling into it.
Meanwhile everyone here is in a frenzy BUY BUY BUY...and he is not where to be found with 3Million shares when selling and profit taking comes in.
Watch out for this one....
DONT YOU THINK IF HE REALLY WANTED IT THAT MUCH HE WOULD NOT SHOW HIS BID IN MILLIONS>>>>>>WAKE UP DUMBIES>>>>>>>HE IS DOING IT FOR YOU AND TO YOU TO RAISE THE ASK AND BID
NOT TO BUY THIS OVERPRICES PUMP!
Doesn't Apple already have an APP that converts Content with Adobe Flash to APPLE format. Making Destiny Software Unnecessary and more costly?
Received follow up email...posting for comments:
William Nalley
show details 9:59 AM (1 minute ago)
A subscriber alerted today they they were offered 35% to lend the position they held in SLMU by a short trader in the stock. For your benefit and that of all shareholders do not accept these offers and for your protection send an email to your broker/clearing firm/ brokerage firm that you do not wish to allow your stock to be lent out and that you want to be immediately advised of any offers to lend.
CC call summary follow up.
Important info.
The CEO has built a very attractive company behind the scenes. He has contracts with some very large groups, GM, Energiser, International Power. He has a proven record of doing this type of deal.
He is running at between 20% and 30% returns on the projects. Some may say this is impossible as many Solar companies are struggling due to large overheads and the Chinese squeezing their margins.
HERE IS WHERE SLMU IS DIFFERENT AND WHY IOT WILL SUCCCED. SLMU is in the Solar industry but not in the conventional sense. It is not a manufacture but a Service provider within the Solar Industry.
How does it work
SLMU (through Michael) generates large contracts, it ties all the documentation, permits backend agreements together. Then it gets the Chinese group to fund and provide the equipment needed to implement the project.
Slmu then sits in the middle and lifts its % with virtually no risk.
All the contracts are 20 year minimum term so we have a company with a long life, it can also be built upon as when revenue starts to flow all the other projects can be banked, Thus we have a snowball effect.
Re Revenue,
Michael is projecting $200m rev in next 12 months, using the lower end of his margin (20%) that gives a Nett profit of $40m. give it a PE of 10 and you have a company valued at $400m. I believe he is being very conservative with his actual numbers.
Now if he has $40m net year 1, that will continue to roll for 20 yrs, this in turn will allow him to do more projects with will lead top bigger bottom line numbers.
In Summary, company very undervalued, looks like it is going to higher exchange, has started to put good people on his board, selecting Investment banker at the moment (has choices), has major deals in place with more to come. Has a strategic partner going forward with the Chinese group… All of this and a market cap $22m Approx..
Still question of Shorts...conflicting info on whether they go beyond Market Makers and if so what is number.
Hearing rumor today that they were out of shares to short and calling brokers for available shares.
Add uplisting to through DSTI and you then force Shorts to cover all shares
quite a volatile cocktail the SHORTS have drunk.
Keep GTC (good to cancel) orders in $2 range and you might find yourself filled very shortly just from the squeeze, IMHO
not bad idea...just took 330k shares off the market for shorts.
Question is...besides taking them off the market, what about already borrowed shares that gtc order has been placed on. Do they have to cover immediately?
TRIAL ANNOUNCEMENT THIS WEEK?...very likely IMHO.
Where does stock go?...worth $1.50 pop?
If there are the shorts claimed.
FINRA HAS IT AS: 20120319|SLMU|421865|0|1275528|O..
Then whoever made the decision to short has to be biting nails. Rumor has it they are call all brokers to find more to short...and they are coming up with goose eggs. Meaning, they are VERY SCREWED if this takes off.
lots of buyers here...maybe in expectation of Conference Call at the close being super positive
likely Short MM buying back now along with some longs...should be interesting into the close if REAL BUYERs come in...IMHO
Probably wont be getting them unless eats away at the ASK... 2.5k at a time
Yeah..looks like someone is shopping for 100,000k shares in mind 40's...doesnt look like they will get them...look higher
i'll buy at .20 right now!!! LOL in expectation of $1 tomorrow
That was my understanding also, but told differently by "others". Dont have a series 7, so cant claim to be an expert, but did do some DD a while back and found the same thing.
1. BB/Pick Sheet cant be shorted by investor
2. MM can short on daily basis only and supposed to cover by 4:00. Sometimes you will see adjustments 4:01 etc.
3. MM can certainly cause a "panic" (like yesterday) and scoop up shares and trade intra-day for profit.
At some point "loose-hands" and those who wanted to grab profits shed stock who played into MM hands ends. MM then playing dangerous game. End up on wrong side of trade. Longs come in to support stock and MM underwater, they have to cover...at loss and create intra-day short squeeze.
Anyone else want to comment on MM and shorting?
Have order in for 200,000 shares at .20 if drops ... anyone want to accommodate me?
only question is where is he going to cover and how...being short apparently millions...he then becomes our best new friend on the way up and will hopefully have learned a lesson
Market Maker...shorting...only one who can
eastern
very good assumption..IMHO more to come. They don't throw $3.8 million at a company unless they are very sure they are going to make lots of $, especially when they tie up shares to be converted.
I am expecting all financials and deals to be laid out in next 10Q. Anyone know when due?
ps. feeling this is going to rip at EOD again, Holding nicely, seller done (smart) imho.
Thanks for the shares at .625!
lol...CANT BE SHORTED!...impossible, so your attempt to start panic selling is bs.
NO SHORTING OF BB OR PINK SHEET STOCKS...if you say you are you are lying in an attempt to drive down and buy cheaper.
Obviously you cant read! Hondaboost making statements that amount to mis-information and Co. responded.
Do what you wish at your own risk.
Clarification of Ospay Groupe email.
SOME (hondaboost on IHUB) POSTED YESTERDAY:
"SLUM: approx 350,000,000 shares at $0.015 to be converted into Common shares.
LAS VEGAS, Feb. 16, 2012 (GLOBE NEWSWIRE) -- Salamon Group Inc. (OTCQB: SLMU) ("Salamon" or the "Company") announced today that it has issued a $5,066,745 secured convertible note to Radiant Offshore Fund Ltd. and Radiant Performance Fund Ltd. and $444,747 to Haverstock Master Fund Ltd. As a result of the above transaction Salamon is now the only secured creditor of ARISE Technologies Corp.
Now, you see why they're pumping it so hard, In Order to dump their 350 million Worthless paper. "
Apparently Nalley from Ospay Groupe asked Michael Matvieshen , Executive Chairman of Sunlogics Power Fund for clarification on the issue raised.
He, Matvieshen, apparently responded below:
"Date: Tue, 13 Mar 2012 18:55:35 -0700
Subject:
From: michael@sunlogicspower.com
To: williamjnalley@yahoo.com; john_gildea@hotmail.com; iceman081@hotmail.com
First we dont have 350million shares, second it is convertible at a discount to market or we can pay them out in CASH, and there is no premium to early retirement.It is our control, If they ask to convert the max's is 4.9% of the company and we can pay cash or stock our option so they cant short."
Hey Honda, stop with the contrived sincerity BS "I got your back" watch out. First of all its a holding company. Employees are in the companies held! And where is your evidence that company has been selling into the market? ... None.
SLMU Must Read: Guys Part II!
Yes, you are right, The Spectator, an allegedly "Troubling Independent Article" does have a lot of unsubstantiated allegations, and alleged primary issue is reporting which they note will be due out in 10K shortly.
Also, no factual allegations about Michael Matvieshen, CEO, just soft slaps and inuendo. Makes you wonder how independent they really are.
NONSENSE RUMOR:
shorts spread false statements maybe 5 million short could approach 2.00 by friday or monday technically
Date: Tue, 13 Mar 2012 18:55:35 -0700
Subject:
From: michael@sunlogicspower.com
To: williamjnalley@yahoo.com; john_gildea@hotmail.com; iceman081@hotmail.com
First we dont have 350million shares, second it is convertible at a discount to market or we can pay them out in CASH, and there is no premium to early retirement.It is our control, If they ask to convert the max's is 4.9% of the company and we can pay cash or stock our option so they cant short.
SLUM: approx 350,000,000 shares at $0.015 to be converted into Common shares.
LAS VEGAS, Feb. 16, 2012 (GLOBE NEWSWIRE) -- Salamon Group Inc. (OTCQB: SLMU) ("Salamon" or the "Company") announced today that it has issued a $5,066,745 secured convertible note to Radiant Offshore Fund Ltd. and Radiant Performance Fund Ltd. and $444,747 to Haverstock Master Fund Ltd. As a result of the above transaction Salamon is now the only secured creditor of ARISE Technologies Corp.
lol...up or down?
Turns out your post NON-MATERIAL "BS", probably caused the sell-off IMHO. Nice going Dude!
me too!
looks like someone sold out just now. Could have waited for .44 again.
That was authorized and submitted when stock $.02. Clearly an attempt to get it over $1.00
At rate it is going will be over $1.00 very soon. So they dont have to do a reverse split if they reach this apparent goal. IMHO
Just because they authorize themselves to do so, DOESN'T REQUIRE them to R/S.
Looks better for the company, shareholders and stock NOT to R/S.
I really do not believe they will now.
looks like the "$53M in assets" ...includes Sunlogic and
the announced (below) acquisition of ARISE yesterday. But question is, is ARISE worth "between $16 million and $22 million."
Anyone familiar with ARISE Technologies Corporation?
LAS VEGAS, NV--(Marketwire -03/07/12)- Salamon Group Inc. (OTC.BB: SLMU.PK - News) ("Salamon" or the "Company") announced today that on Friday, March 2nd, 2012, Sunlogics Power Fund Management Inc., the Company's wholly owned subsidiary, completed the court approved acquisition of the assets of ARISE Technologies Corporation.
Mr. Michael Matvieshen, CEO, stated, "This is another significant step in the development of our company. Arise's solar system business generated over $4 million in revenue last year, and the first quarter revenues are expected to exceed all of last year's total revenues, with expectation of $16 million in revenue for 2012."
According to a draft valuation report performed by one of the top 4 accounting firms in the world dated August 31, 2011, the ARISE Assets acquired by the Company were valued between $16 million and $22 million. According to the report, ARISE's patented technology will have a variable cost to produce silicon of $13.49/KG. Based on this assessment, these manufacturing costs would be 50% below the current cost of manufacturing silicon.
The Company expects to be in a position to find a partner for the silicon technology now that these assets are no longer in a distressed asset category, and intends to use partnering agreements for the ARISE technology for its own silicon manufacturing needs when appropriate, significantly lowering the manufacturing cost of silicon solar modules and increasing profitability of its Solar power projects.
Dont think it was a projection based on R/S. Would have said it. IMHO
"for what it is worth"
anyone familiar with these "assets"?
For what it is worth. Just got emailed this overview on SLMU:
SLMU
SLMU is the the number 1 mover on all exchanges over the last week, up an incredible 2000%.
Many of you would think, WOW this has been one hell of a ride.
WHAT IF I TOLD YOU THE RIDE HAD JUST BEGAN!!!!!!!!
With the 2 announcements over the last week, SLMU conservatively has $54m in assets plus revenue stream of $20m from the Arise deal. All this with virtually no debt.
On Assets alone that gives a share price over a $1.30, add in the revenue and the number just goes up.
.Michael Matvieshen has done a fantastic job picking up distressed assets and combining them into a new company. He has also put his money into this as 28% of the Sun Logic deal was his own personal share. He is well connected and well respected within the industry so it would not surprise me if there is more and possibly A LOT MORE TO COME.
I predict SLMU to be the biggest riser on any exchange this year and a share price well above $5 is not out of the question
Sell now and watch other people get the cream!!!
I think not, the smart guys are holding tight... Its obvious something big is happening..
I'm not that smart but I'm smart enough to know that you follow the smart money and the SMART MONEY IS BUYING. OVER A MILLION BUCKS IN 3 DAYS
Brakeout?...above $1.04...news coming?
Anyone know if Clear Channel is a client of RVUE and when they next 10Q is due?
Selling like today is not necessarily over. Pumping "other" opportunities more lucrative and immediate, can sometimes be detrimental to USPR's health.
Predict more selling to come. Only thing to save this from happening again is an announcement of a deal, if one is coming.
Of course, it may provide a buying opportunity for those positive on USPR.
Assumptions without the full story is detrimental to your investment health.
1. It is my understanding that the warrants are not to be exercised at $4.25 necessarily, but that it is a floor, and that when exercised the price will be 15% below the price at the close of the day before. So if stock at $6.00 when exercised, price of warrant stock exercised will be $5.10., if $10, will be $8.50 etc.
2. You are assuming the ultimate buyer of stock is going to sell. If there is one buyer, and the buyer is a "collaborator" as mentioned in Morgan Joseph analysis as a possibility, they, the purchaser, would want to hold and hold all shares exercised from the warrants to gain control of the company at that point. Do the math, more shares generated by this offering than shares currently issued! A single buyer of the secondary, exercising warrants gains control of the company.
3. If scenario in #2 occurs, then any split of stock would not affect a buyer of the secondary offering, which is the purpose of the anti-dilution, they retain control.
4. This Secondary, to me appears to be an "Option to Buy" control of company, if the U of Miami test is successful. imho. Its almost a "dare" game. "Buy Now" and exercise warrants now, before test results are out, or "Buy Later" at much higher price on stock from warrants, if test reported successful. Do they want to buy now at $4.25 - $8.50 (est) before tests reports out? Or Do they want to buy later at a 15% percent discount to stock at $50-$100 (on rise) on great news from the test results at U of Miami?
5. Shorting in the above scenario, not in the cards, if single Buyer occurs. Warrants will go to the single buyer/"collaborator" which will be exercised and so they can also gain control. Warrants will be gone, not to be used to hedge and to support a "Short" rape of the company.
Any other thoughts?
PS. Do like his new stock: ABHD...looks like a solid product that could get some big orders if it catches with oil companies and EPA/Feds.
Here is what Iceman put out to his subscribers, might account for movement:
March 2 "going to $5 in six months, from about .40 cents" (based on a 10 to 1 reverse split, which would now make it .80)
March 4: SLMU he "guesses" could be "2.50 by the end of the year"
Goes from $5 in six months to $2.50 in one year. (now 25% of the return of his original prediction in just 2 days time!)
What the ....?
IMHO, think that is your explanation for the move.
If no announcement on something, my prediction and only IMHO, goes south.
disclosure: dont own it, not short, just looking.