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They rewrote that part in todays PR and changed it from a company to 8.
Cardio Infrared Technologies, Inc. is selling or working with 8 Health and Wellness companies that have over 400 locations, with the first of the units to be delivered during April. Cardio Infrared Technologies, Inc. has also completed an offer to sell a block of 5 units to a company that is in the adolescent weight loss industry in Florida. The company should conclude this transaction during the 2nd quarter of 2008.
---------
Still a good sign:)
I read back over the posts from the CIRT board and reread the PR, and I don't know about a merger because it is not 1 company with 400 locations but 8:
Cardio Infrared Technologies, Inc. is selling or working with 8 Health and Wellness companies that have over 400 locations
----------------
However, they are getting their foot in the door and it stated that they have units to be delivered 1st, 2nd, and 3rd quarter.
Also, I noticed they are/were working with Liberty Holdings (whos subsidiary is Better Wellness Inc) which became NUBV which is currently under some sort of law suit. Because NUBV is in a holding pattern and future growth plans were linked with the growth of Better Wellness Inc, does anyone think this is having a ripple effect on CIRT? Perhaps one of the reasons the stock is faltering a little?
Hopefully these new inroads can provide the outlets for distribution of the cellubike.
Anyway, at these levels, I might by some more!
You know what that means, when a quad 7 shows its shadow on the green side we will have 6 more weeks of Tim Connelly, LOL
Yes, it looks like $10g is the magic number for the 2 weeks of service. That's .02 a share. Must be something good in the works.
IMO - Audit will provide definitive and verifiable source for info.
I was passing it along because I thought it was interesting and the fact that we are certainly in the cellar and trading has been strange the last couple of day and who knows what will happen in the future, but yes my all means remove it! I am through posting on this board, you can have it.
I read this on another board, very interesting
GOOD READ...Cellar boxing and NSS
Posted by Dfly
There’s a form of the securities fraud known as naked short selling that is becoming very popular and lucrative to the market makers that practice it. It is known as “Cellar boxing” and it has to do with the fact that the NASD and the SEC had to arbitrarily set a minimum level at which a stock can trade. This level was set at $.0001 or one-one hundredth of a penny. This level is appropriately referred to as “the cellar”. This $.0001 level can be used as a "backstop" for all kinds of market maker and naked short selling manipulations.
“Cellar boxing” has been one of the security frauds du jour since 1999 when the market went to a “decimalization” basis. In the pre-decimalization days the minimum market spread for most stocks was set at 1/8th of a dollar and the market makers were guaranteed a healthy “spread”. Since decimalization came into effect, those one-eighth of a dollar spreads now are often only a penny as you can see in Microsoft’s quote throughout the day. Where did the unscrupulous MMs go to make up for all of this lost income? They headed "south" to the OTCBB and Pink Sheets where the protective effects from naked short selling like Rule 10-a, and NASD Rules 3350, 3360, and 3370 are nonexistent.
The unique aspect of needing an arbitrary “cellar” level is that the lowest possible incremental gain above this cellar level represents a 100% spread available to MMs making a market in these securities. When compared to the typical spread in Microsoft of perhaps four-tenths of 1%, this is pretty tempting territory. In fact, when the market is no bid to $.0001 offer there is theoretically an infinite spread.
In order to participate in “cellar boxing”, the MMs first need to pummel the price per share down to these levels. The lower they can force the share price, the larger are the percentage spreads to feed off of. This is easily done via garden variety naked short selling. In fact if the MM is large enough and has enough visibility of buy and sell orders as well as order flow, he can simultaneously be acting as the conduit for the sale of nonexistent shares through Canadian co-conspiring broker/dealers and their associates with his right hand at the same time that his left hand is naked short selling into every buy order that appears through its own proprietary accounts. The key here is to be a dominant enough of a MM to have visibility of these buy orders. This is referred to as "broker/dealer internalization" or naked short selling via "desking" which refers to the market makers trading desk. While the right hand is busy flooding the victim company's market with "counterfeit" shares that can be sold at any instant in time the left hand is nullifying any upward pressure in share price by neutralizing the demand for the securities. The net effect becomes no demonstrable demand for shares and a huge oversupply of shares which induces a downward spiral in share price.
In fact, until the "beefed up" version of Rule 3370 (Affirmative determination in writing of "borrowability" by settlement date) becomes effective, U.S. MMs have been "legally" processing naked short sale orders out of Canada and other offshore locations even though they and the clearing firms involved knew by history that these shares were in no way going to be delivered. The question that then begs to be asked is how "the system" can allow these obviously bogus sell orders to clear and settle. To find the answer to this one need look no further than to Addendum "C" to the Rules and Regulations of the NSCC subdivision of the DTCC. This gaping loophole allows the DTCC, which is basically the 11,000 b/ds and banks that we refer to as "Wall Street”, to borrow shares from those investors naive enough to hold these shares in "street name" at their brokerage firm. This amounts to about 95% of us. Theoretically, this “borrow” was designed to allow trades to clear and settle that involved LEGITIMATE 1 OR 2 DAY delays in delivery. This "borrow" is done unbeknownst to the investor that purchased the shares in question and amounts to probably the largest "conflict of interest" known to mankind. The question becomes would these investors knowingly loan, without compensation, their shares to those whose intent is to bankrupt their investment if they knew that the loan process was the key mechanism needed for the naked short sellers to effect their goal? Another question that arises is should the investor's b/d who just earned a commission and therefore owes its client a fiduciary duty of care, be acting as the intermediary in this loan process keeping in mind that this b/d is being paid the cash value of the shares being loaned as a means of collateralizing the loan, all unbeknownst to his client the purchaser.
An interesting phenomenon occurs at these "cellar" levels. Since NASD Rule 3370 allows MMs to legally naked short sell into markets characterized by a plethora of buy orders at a time when few sell orders are in existence, a MM can theoretically "legally" sit at the $.0001 level and sell nonexistent shares all day long because at no bid and $.0001 ask there is obviously a huge disparity between buy orders and sell orders. What tends to happen is that every time the share price tries to get off of the cellar floor and onto the first step of the stairway at $.0001 there is somebody there to step on the hands of the victim corporation's market.
Once a given micro cap corporation is “boxed in the cellar” it doesn’t have a whole lot of options to climb its way out of the cellar. One obvious option would be for it to reverse split its way out of the cellar but history has shown that these are counter-productive as the market capitalization typically gets hammered and the post split share price level starts heading back to its original pre-split level.
Another option would be to organize a sustained buying effort and muscle your way out of the cellar but typically there will, as if by magic, be a naked short sell order there to meet each and every buy order. Sometimes the shareholder base can muster up enough buying pressure to put the market at $.0001 bid and $.0002 offer for a limited amount of time. Later the market makers will typically pound the $.0001 bids with a blitzkrieg of selling to wipe out all of the bids and the market goes back to no bid and $.0001 offer. When the weak-kneed shareholders see this a few times they usually make up their mind to sell their shares the next time that a $.0001 bid appears and to get the heck out of Dodge. This phenomenon is referred to as “shaking the tree” for weak-kneed investors and it is very effective.
At times the market will go to $.0001 bid and $.0003 offer. This sets up a juicy 200% spread for the MMs and tends to dissuade any buyers from reaching up to the "lofty" level of $.0003. If a $.0002 bid should appear from a MM not "playing ball" with the unscrupulous MMs, it will be hit so quickly that Level 2 will never reveal the existence of the bid. The $.0001 bid at $.0003 offer market sets up a "stalemate" wherein market makers can leisurely enjoy the huge spreads while the victim company slowly dilutes itself to death by paying the monthly bills with "real" shares sold at incredibly low levels. Since all of these development-stage corporations have to pay their monthly bills, time becomes on the side of the naked short sellers.
At times it almost seems that the unscrupulous market makers are not actively trying to kill the victim corporation but instead want to milk the situation for as long of a period of time as possible and let the corporation die a slow death by dilution. The reality is that it is extremely easy to strip away 99% of a victim company’s share price or market cap and to keep the victim corporation “boxed“ in the cellar, but it really is difficult to kill a corporation especially after management and the shareholder base have figured out the game that is being played at their expense.
As the weeks and months go by the market makers make a fortune with these huge percentage spreads but the net aggregate naked short positions become astronomical from all of this activity. This leads to some apprehension amongst the co-conspiring MMs. The predicament they find themselves in is that they can’t even stop naked short selling into every buy order that appears because if they do the share price will gap and this will put tremendous pressures on net capital reserves for the MMs and margin maintenance requirements for the co-conspiring hedge funds and others operating out of the more than 13,000 naked short selling margin accounts set up in Canada. And of course covering the naked short position is out of the question since they can’t even stop the day-to-day naked short selling in the first place and you can't be covering at the same time you continue to naked short sell.
What typically happens in these situations is that the victim company has to massively dilute its share structure from the constant paying of the monthly burn rate with money received from the selling of “real” shares at artificially low levels. Then the goal of the naked short sellers is to point out to the investors, usually via paid “Internet bashers”, that with the, let’s say, 50 billion shares currently issued and outstanding, that this lousy company is not worth the $5 million market cap it is trading at, especially if it is just a shell company whose primary business plan was wiped out by the naked short sellers’ tortuous interference earlier on.
The truth of the matter is that the single biggest asset of these victim companies often becomes the astronomically large aggregate naked short position that has accumulated throughout the initial “bear raid” and also during the “cellar boxing” phase. The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely: bankruptcy, a reverse split, or the forced signing of a death spiral convertible debenture out of desperation. As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes name changes, CUSIP # changes, cancel/reissue procedures, dividend distributions, amending of by-laws and Articles of Corporation, etc. Nevada domiciled companies usually cancel all of their shares in the system, both real and fake, and force shareholders and their b/ds to PROVE the ownership of the old “real” shares before they get a new “real” share. Many also file their civil suits at this time also. This indirect forcing of hundreds of U.S. micro cap corporations to go through all of these extraneous hoops and hurdles as a means to survive, whether it be due to regulatory apathy or lack of resources, is probably one of the biggest black eyes the U.S. financial systems have ever sustained. In a perfect world it would be the regulators that periodically audit the “C” and “D” sub-accounts at the DTCC, the proprietary accounts of the MMs, clearing firms, and Canadian b/ds, and force the buy-in of counterfeit shares, many of which are hiding behind altered CUSIP #s, that are detected above the Rule 11830 guidelines for allowable “failed deliveries” of one half of 1% of the shares issued. U.S. micro cap corporations should not have to periodically “purge” their share structure of counterfeit electronic book entries but if the regulators will not do it then management has a fiduciary duty to do it.
A lot of management teams become overwhelmed with grief and guilt in regards to the huge increase in the number of shares issued and outstanding that have accumulated during their “watch”. The truth however is that as long as management made the proper corporate governance moves throughout this ordeal then a huge number of resultant shares issued and outstanding is unavoidable and often indicative of an astronomically high naked short position and is nothing to be ashamed of. These massive naked short positions need to be looked upon as huge assets that need to be developed. Hopefully the regulators will come to grips with the reality of naked short selling and tactics like "Cellar boxing" and quickly address this fraud that has decimated thousands of U.S. micro cap corporations and the tens of millions of U.S. investors therein.
LUNCHTIME!!!
Nevermind,duhhhhhhhhhh, just found it.
Hey Clay,
was curious what you thought about GRMU after the good day that it had and what to expect from your chart analysis??
Thanks
Maybe some trades were being held, look at all these 2's
I was hoping that was over, that's all
hmmmmmmmmm........a little disappointing
912,166 added up = 25 added again =7, A SIGN
LOL
I don't have quite that far to go, but I guess a small triple zero company increasing their rev's by a mil, just isn't good enough, LOL
Dr. Hall was linked to this
Gordon Hall, M.D., Physicians Insurance Company of Wisconsin, Inc., and Patients Compensation Fund,
2004
----------------------------
Maybe he was part of the Julico thing
This doesn't answer your question, but I will add more questions in this arena:
Why is this Dr. on th Board of Directors of FIFG
Gordon W. Hall, M.D., Chairman Dr. Hall joined the Board in August 1999. He graduated from The John Hopkins University and McGill University Faculty of Medicine. Following service in the U.S. Army as a flight surgeon, he entered the practice of emergency medicine in Rockford, Illinois. In 1972, he joined the faculty of the University of Illinois College of Medicine at Rockford in the Family Practice Department. He is currently retired from medical practice. He also chairs the Company's Audit Committee and serves on the Employee Compensation Committee
Also,
This dude, who is into health and nutrition is on Board of Directors for HCPC
James M. Cloud,
Director
Mr. Cloud is a writer and a pioneer in natural health education, including co-founder of the Wholistic Health & Nutrition Institute (W.H.N.) in Mill Valley, California. He has extensive education and experience in convalescent hospital administration and is President of Ravensbread Inc., through which he plans to direct his future publishing plans. His first novel is being readied for publication. Mr. Cloud brings his strong writing and communications skills to the Board.
Mr. Cloud is a native of North Carolina, now living in California finishing two novels and trading a personal investment portfolio. He is a Heritage Shareholder.
Mr. Cloud received his B.A. degree from the University of North Carolina at Chapel Hill (1970).
------------------------------------------
Seems an odd fit, no?
It says here
http://www.sec.gov/answers/publicdocs.htm
that you can request a copy
Here is the form
http://www.sec.gov/about/forms/formd.pdf
It says that it is to be filed no later than 15 days after the first sale of the security
The filing is from 08
HELP! Is this old news?
http://www.sec.gov/cgi-bin/browse-edgar?filenum=021-100056&action=getcompany
So may posts, can't remember.
I have read all these post as to the Bellwether report...positive or negative?
HCPC must think that it is positive because they put it on the front page of their website.
Good point, think I'll do both.
I am writing the company with my concerns.
Posted by: playerguy
In reply to: valorie who wrote msg# 45082 Date:3/26/2008 5:29:41 PM
Post #of 45225
He only validated that the $672M loan was closed as the web site states. He did say they used emails they receive to help them form PR content.
I am sure that if Jim Aspinwall wanted to come up with a scam, he could do much better than selling some shares in a company.....
Jim Aspinwall
co president of FLFC
http://www.firstlifefinancialcorporation.com/index.html
Excerpts from this page
http://www.zoominfo.com/people/Aspinwall_Jim_41580303.aspx
....While at Chase Manhattan Bank he was the prime developer of Chase's REALM system, a risk management and derivatives pricing system, which was used, by Chase Manhattan Bank and over 200 clients around the world. While at Chase, he was involved in Project Cloud, which was a state of the art Artificial Intelligence system that could forecast changes in credit rating 2 years out with a 95% accuracy rate....
ALSO,
JIM ASPINWALL was head of quantitative research for Abbey national, a $ 300 billion banking group. He oversees the banking book and the derivatives trading desks......
Something to think about the possible merger name of CREMEL:
C-Capital
RE-Real Estate
M-Management
E-Special Purpose Entity
L-Limited Liability Corporations
Perhaps (?)
I have a feeling that Cash is sort of like the Count of Montie Christo or a combination of Edmond Dantes and the Priest in the Chateau D'If.
I cant find any info on The Cremel Group inc.
Any definitive or speculative idea on what is going on over there and the effect on HCPC???? I am little slow sometimes.
Not yet,
Someone received an email from them saying later this week.
The board got too quiet, wanted to make sure my computer was working.
BellwetherReport.com Free Small-Cap Analyst Review for PTSC, SLGLF, BELM and HCPC
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by The Bellwether Report.
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I am surprised there has been no 411 indication PR coming soon
I am gonna bake a cake with a file in it, to bust out a very good friend and one of our leaders of the HCPC board!!! I draw the line at dubious methods of smuggling however.
Great job on DD tonite. Someone said it earlier, I am only reiterating the fact that it is finds like these that makes this board the best show in town.
Well done eveyone, Good night.
LOL......It means the "market" is moving up
YES, very interesting. Of course more shares now, but that's just a little math getting in the way. I LIKE IT!!
Also,
Sandra K. Battaglia co president of FLFC
Does work to help the aged AND is a donor to Child advocasy groups. If she is a scammer.............then she may be one of the best of ALL TIME
Jim Aspinwall
co president of FLFC
http://www.firstlifefinancialcorporation.com/index.html
Excerpts from this page
http://www.zoominfo.com/people/Aspinwall_Jim_41580303.aspx
....While at Chase Manhattan Bank he was the prime developer of Chase's REALM system, a risk management and derivatives pricing system, which was used, by Chase Manhattan Bank and over 200 clients around the world. While at Chase, he was involved in Project Cloud, which was a state of the art Artificial Intelligence system that could forecast changes in credit rating 2 years out with a 95% accuracy rate....
ALSO,
JIM ASPINWALL was head of quantitative research for Abbey national, a $ 300 billion banking group. He oversees the banking book and the derivatives trading desks......
I put a small trade in at .0004 to help it maybe stay, but that's messed up
It would be nice to have another day like last thursday and take another step up.