is waiting for some turnover on these bags I'm carrying!
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Technically speaking, yes.
The way to look at it is this:
When you buy a stock online or through a broker, you enter into a CONTRACT to buy that stock at the price that you have put the order in for.
HOWEVER....it takes 3 days for you to OFFICIALLY get the stock.
It's kind of like what happens when you put a contract on a house. Even though you buy the house with the contract, and the contract is accepted - you ARE buying this house - the house is not officially yours until the closing happens, and all moneys have exchanged hands.
This will only be settled with either TIME or by looking at what the actual SEC said, because the PR was done so poorly.
We don't know if you had to own the shares on Tuesday or Today, because they never came out with a definitive PR - and my guess is that means that the actual DATE OF RECORD is TODAY - meaning that you had to own the stock on Tuesday.
I don't know this to be true...and I wrote an email to Chris DuBeau on Tuesday, but there was no answer - and I suspect that means he figured out he screwed up in his PR, and decided to "just let it ride."
However...again....I do not know if this is true or not.
It is disappointing that he did not issue another PR stating the correct details of the dividend....since the whole point of a dividend is to attract new investors.
That would have been a serious loss.
First, they would have charged you a whole penny, which would have been nearly a 90% loss.
Then, with $20 worth of broker fees, that would have been almost a 16,000% loss.
Which proves that you CAN lose more than your entire investment. (of .0013).
That may be one of the best stock comments ever made on iHub.
I am just glad to have been around to see the burn!
:D
Oh. Sorry. I was so confused about it. No worries. I am juggling about 20 things. No worries. I'll just pick up the ball and move on!
:)
New video from TV appearance for IONIC BULB.
http://www.wfsb.com/video/23210211/index.html
Well, that is what Corporate CEOs do. They go to gay bars and discuss how they plan on scamming everyone in public over drinks.
They typically do this with felons who secretly control their company...and then publicly they say that they have no idea who that person is.
And pop-tarts are great diet food.
Agreed.
In fact, this is probably why they are not being worth more.
Even if the company were diluting, they would want the PPS to go up.
A company that dilutes 10M shares of stock at .001 would only have to dilute 1M shares at .01 to get the same value.
Things are going fine. Watch the PPS go up as we head into Friday.
I think you are correct on this. This continued wave of PRs attracts people, but that seems to be real gradual - since no real catalyst info is being provided.
What would do it is something NEW that has not been done for quite a while.
They need to do some NEWSLETTERS. These stock newsletters often attract new investors - and quite frankly they can really pump up the PPS.
I am sure they know this already, and I am sure they have it in their plan when the time is right.
When that happens, the PPS will take a major rise.
As an aside...I will tell you what a moron I am. FUNNY STORY that happened today.
I like to download documentaries and watch them. I often watch them if I have trouble sleeping, because I enjoy them - AND they put me to sleep!
So today I found a pack of documentaries I could download called "420 DOCUMENTARIES PACK." It was only 6 gigabytes in size - which is pretty darn small for 420 documentaries!!!
I downloaded it...and when I opened it, I found out two things.
1. I am a moron.
2. I am square.
The movie pack included about 10 documentaries, which included the documentaries, SUPER HIGH ME, IN POT WE TRUST, SHOULD I SMOKE DOPE?, and THE HISTORY OF MARIJUANA.
If you are also square and don't get it still - today is April 20, or 4/20 - a very special number to people who are in the marijuana culture.
I am such a moron. And I don't smoke pot (although I am in favor of legalizing it).
Please - don't use my name with that one. Attribute it to Jim Cramer....because I am a "moron long" too!
MMs are not computers. This is a misconception.
They are people who use computers.
They have computers that do all of the mundane things, like buying and selling stock for investors. This is how they are able to manage large numbers of transactions, which obviously a single person could not do.
They also program computers to perform certain tasks ("sell if").
However, there are definitely people behind them who can override any programmed transaction, and they can force a buy or a sell, and they definitely "speak" to one another through certain signals.
They can purposely make a stock price go UP or DOWN by buying and selling indiscriminately, but usually for a special purpose - and that purpose is to make money.
And remember - since no money is "made" or "lost" on the internet - money only changes hands - everytime they make money, someone has to lose money.
And that someone is YOU AND ME.
They are not our friends.
Here is a great video (old) of Jim Cramer admitting to doing just this.
He says, "A lot of time when I was...positioned short on my hedge fund...I would 'create a level of activity beforehand' that could drive the futures..."
He also says, "If I were long and I wanted to make things a little rosy, I would go in and take a bunch of stocks and make sure they are higher --- maybe take $5M in capital and do it and I could effect it."
He also calls people like most of us "MORON LONGS".
He emphasizes that what he does is legal, and he describes this, and he says, "You can't FOMENT - you can't yourself create an environment that says a stock is down - but you do it anyway because the SEC doesn't understand it."
Yes, that is JIM CRAMER saying these things...they same guy who creates an air of confidence and trust with millions of Americans every day on television - talking about how he manipulates the stock market, just like people constantly accuse MMs of doing.
It is the MMs and the investment groups that do this.
Here's the vid. Enjoy, fellow "moron longs."
I found this very funny.
GOOD sales reps are VERY VERY VERY hard to find.
This "dartboard approach" to hiring sales reps (i.e. expecting 3000 on an internet advertising campaign, throwing them all at the darboard and hoping a few "stick") will, in my opinion, be LUCKY if they find 50 good reps.
However, those reps will be generating all these sales and make a decent commission.
The other 2950 reps will be the typical reps who say they are team players and go getters --- but in the end they will work one or two days a week, and then figure that this is a crappy job because they are only making $300 a month in commissions, so they quit.
This is reason you CAN make so much money in marketing - but most people don't.
For example - a real go getter in the Bahamas who sells 200 GOTV units in a month will make $5000, plus an extra $1000 a month.
If they can do this for 6 months in a row, they will have made $30,000 in immediate commissions, plus an extra $15,000 from the $5 a month - and they will make $6000 a month from that point on for doing NOTHING.
Just for hitting the pavement, taking out ads on craigs list and ebay, and selling just 7 units a day.
Not bad.
Well, as I said, I just sent GOTV an email, so hopefully they address this with a PR today.
NO ONE KNOWS THIS FOR SURE.
That PR discussing this on April 12 was so confusing and so erroneous that no one can make any conclusions based on the information that they have given.
However, it is POSSIBLE.
------------
Based on the April 12 PR, EITHER TODAY or FRIDAY will be the last day that you buy in and get the dividend.
------------
1. They specifically state in an example that if you have shares on April 23, you will get the dividend.
HOWEVER:
2. They also state that the DATE OF RECORD is April 23 - which means that the EX DIV DATE is April 21, and therefore TODAY would be the last date to get the dividend.
-------------
They MISUSE TERMS, and even invent a term that does not exist ("EX DIVIDEND PAYMENT DATE").
This poor use of stock terminology is going to cause problems today, and they need to put out a PR to fix this, imo.
While SAFE HARBOR gives them some protection concerning this, it is really a ROOKIE ERROR demonstrating poor knowledge of the stock market.
I am not an expert, and I understand it. I would expect that someone who is being paid thousands of dollars to understand it better than me.
(It would be like saying, "You should invest in my NFL Football Team. I have been studying the New Orleans Saints, who won the Superbowl last year by 14 Home Runs, with a final score of 31-17." It shows a distinct lack of knowledge of football...and I will not be investing in your team. They need to start fixing this. It is not a minor thing.)
BIG NUMBERS!!!
Well, that is a huge projection - and with that number of sales reps (3000) bringing in gross revenue of $15M, this is fantastic!!!
However, they really need to get someone else to write their PRs. The mistakes that they continue to make have been SO CONFUSING, and even this one states that their revenue will be $15,000,000 million dollars. I realize that this is a minor error, but these are national PRs for a what they are saying is a multi-million dollar company --- this is not an iHub forum post ---- and they really should have someone double checking for these things.
While this seems minor, it is the same type of mistake that is going to cause confusion all week about the EX DIV DATE and THE DATE OF RECORD to get these dividends - and I hope Chris DuBeau takes attention to this and has an educational meeting with the person writing these PRs.
LOL! No. I need every dollar I can save for bigger and better things.
However, I recommend that car to anyone looking to get some eyes on the road.
I wrote the following email to every address to GOTV, in hopes that they will clear this up.
-------------------------------------
I want to let you know that your last PR regarding the dividend is using many statements INCORRECTLY, and it is causing some confusion.
The DATE OF RECORD is the date that you must be on record as owning the stock to get the dividend.
The EX DIVIDEND DATE is the date that you will NOT qualify for the dividend if you buy in on that date or after. It is 2 days prior to the DATE OF RECORD.
The PAYMENT DATE is the date that the dividend is paid out.
Your last PR confuses these terms, and even makes up a term that does not exist ("EX DIVIDEND PAYMENT DATE") by combining two separate terms.
------------
If FRIDAY, APRIL 23 is the last day that you can own the stock to get the dividend, then the EX DIVIDEND DATE is the trading day after April 23 (which is April 26). The DATE OF RECORD will be the day two days after the EX DIV date, or April 28. The PAYMENT DATE is May 7 (not the "ex dividend payment date").
ON THE OTHER HAND....if the DATE OF RECORD is April 23....then the EX DIVIDEND DATE is actually April 21, and TODAY, APRIL 20, is the last day that you can own the stock to get the dividend!!!!
This is a serious error, and I think you should address this AS SOON AS POSSIBLE, as it has LEGAL IMPLICATIONS.
There is a lot of problems with the last PR regarding the dividend.
They confused many of their terms, and it seems very confusing.
Here is the PR dated 4-12-2010:
"The Board of Directors has approved the record date of the GOTV dividend to be April 23rd, 2010, the ex dividend pay date of May 7th, 2010, and the conversion of the dividend to be one share of Global Online Television Corporation for every five thousand shares of Atlantis Technology Group owned as of the record date.
For example if you owned one million shares of Atlantis Technology Group, current symbol (ATNPD), at the close of business on April 23rd, 2010 you will receive two hundred shares of Global Online Television Corporation on May 14th, 2010. These shares, like previous shares that were issued as a dividend to shareholders in December's GOTV dividend, will have a value of cash dividend issued from GOTV's quarterly revenues. "
The RECORD DATE is the date that you must be the person on record as owning the shares to get the dividend.
The EX DIVIDEND DATE is the date that you must actually own the stock to get the dividend. Typically, for most dividends, this is TWO DAYS prior to the RECORD DATE. This is because there is a 3 day delay in putting a person on record as owning the stock, and the EX DIVIDEND DAY is 2 days (3 days minus 1) prior to the date of record.
The PAYMENT DATE is the date that dividends are issued by the company.
--------------------------------------
According to the PR, the RECORD DATE is April 23 - which means that the EX DIVIDEND DATE must be 2 days prior....or April 21.
HOWEVER - the description clearly says that if you own the stock at close of business on April 23, you will get the dividend. That means the EX DIVIDEND DATE is the trading day after April 23 (which is Apr 26)....and that would mean the RECORD DATE is actually April 28.
The PR also states the the EX DIVIDEND PAYMENT DATE is May 7. That just doesn't make sense, because there is no such thing as an EX DIVIDEND PAYMENT DATE.
---------------------------------------
This is all very confusing, and their PR is clearly written WRONG, which is going to contribute to confusion.
HOWEVER - it clearly states that if you own the stock on APRIL 23, you will get the dividend.
Given that description, it is likely that regardless of what they wrote, it is probably factual, because that is how they understood it.
I am going to send this post to Chris DuBeau this morning. Maybe they can clear the confusion, since they will probably put out another PR regarding this dividend.
I disagree with your statements and believe this company is providing a valuable tool.
I hope that THE IONIC BULB becomes a household name. That new ad is a bit "crazy", imo - but that is a good thing. It means that someone is trying to GET PEOPLE'S ATTENTION.
I love playing poker with the guys - but I don't do it anymore. I don't know why - because when I did it, I couldn't afford to lose $200. Now, I lose 20 times that on a bad day in the market.
Anyway, I have BEEN IN THAT ROOM a hundred times, with lots of great memories, and THE IONIC BULB can really turn that toxic room into a NORMAL room.
I know I don't post that often - usually I am just waiting for something to happen with this stock - but I am monitoring, and in touch with Flaflyersfan on a regular basis.
As you know, I call 'em like I see 'em. If you need any questions answered, I will do my best to find out.
Good luck!
You got it.
I couldn't get the imbed code to work, and I have been learning how to do things with the iBox today - but I did add it to the top with a header saying new infomercial.
It's a link that sends you to the youtube site.
As a point of information, I have taken over as the moderator on this board, and if there are any suggestions, please let me know!
I have made a few changes on the iBox to make it more up to date, more useful, and a bit more factual.
That's a start!
:)
And if you decide to sell your ATNP shares --- you still get profits from owning GOTV.
That's pretty awesome, actually. If GOTV does completely take off, even if you sell your ATNP, you get a permanent piece of that pie.
LIKE.
I see. You are correct. This is just explaining to people that there will be VALUE to the GOTV shares - an actual CASH value, based on quarterly revenue. You will receive a dividend of CASH based on revenues.
Well, even if this was already known, I did not really understand that they planned on giving out cash dividends, so that is helpful - and apparently a lot of other people did not understand this value to the GOTV shares either.
But it is good news regardless!!!
:)
One of the problem is all of the people who have made money on this stock at .0014 who are selling their stock to put their money elsewhere.
As a result, we have a bit of a "wall" at .0014...and the manipulators are able to keep making sells at .0013 to bring the price down - and so we have a fluctuation between .0014 and .0013.
This is perpetuating itself, because more and more investors get frustrated and decide to sell for profit at .0014 instead of holding on for a "potential" big profit.
And then more and more manipulators bring the PPS down to .0013 for small buys and sells.
What we need is for a large number of OUTSIDE people to get into this stock.
A nice NEWSLETTER might be required.
I think there is a very good chance that we are in the actually a slightly BETTER position. I think we are on the same chart, about 2 weeks prior.
In other words, we are on the early end of a big breakout.
Now THAT'S big news!!!!!!
If you owned 1 million shares of stock prior to the split and held, you now own 5 million shares - and you will get 1000 shares of GOTV stock...and all of these shares will get a cash dividend.
Cash is king, baby - and it speaks to positive sales.
You only give out cash if you are in the green!
Although the web page is dated April 19, the video has the chart from Dec 1, 09.
Of importance, they were predicting a breakout - and they were right.
Shares that are given to you are YOUR shares. You can do with them whatever you want. Once given to you, they cannot "take" them from you.
This IS very useful information about ATNP!!!!
Which is why it will never happen, Sharky. You must be pretty new around here.
I disagree with your statements and believe this company is providing a valuable tool.
I hope it served you well, and I hope you didn't sell at the low!
I don't claim to know what's going to happen. In fact, I will tell you that NO ONE CAN.
But it is LIKELY that ATNP will make a big rise. I think it is a very good investment - but be careful, because it is being heavily manipulated. Just look at the "control group" that controls this board, and you will see manipulation going on.
To me, manipulation is when someone makes a wild claim to try to convince you to behave in a certain way, but won't tell you that this is "just opinion." If they claim it is TRUTH...but they can't prove it...that is manipulation.
Me...that is the first thing I will tell you. This is my BELIEF...but I don't know for sure. No one does.
But I do think we are going to start seeing some good upward motion very soon!
Good luck!
To update you - ATNP has a product, a demo, and a service.
A person who claims to be "in the know" has claimed that these will never happen.
"There is no demo and there is no service and there never will be."
In any case, the scam "will be over" in another 2 weeks - according to another prediction made a month and a half ago.
"You´ll see in two months when the scam is over."
I have also spoken with Fred S. Ganem to verify that he has no idea what this is all about. He is a member of the Senior Executive Service with the Drug Enforcement Agency...just like my father, my sister, and her husband. However, my sister works for the EPA, and her husband works for the CIA....so they do not work for the same agency.
(As an FYI for those who don't know --- an SES is the highest grade in the Federal Government. The only people above them are political appointees that are directly appointed by the President, and they lose their jobs when the President's term is over, unless reappointed - which usually does not happen when there is a change in Presidents.)
Fortunately, Mr. Ganem lives very close to my parents, in Fairfax, Virginia...where I grew up.
http://www.justice.gov/dea/agency/ganem.html
He and his wife, Lorraine, currently live in Fairfax, Virginia. However, they did live in Florida in Pembroke Pines, and moved to their current home following his career when he was promoted to the SES.
I am not sure why an SES with the DEA would wants to be so closely affiliated with someone who has a known history of drug trafficking as "co-control" people...and why he would ever admit this to someone so that they can blab it all over the internet...
If he owns stock in ATNP, he is not even aware of it. It is owned in his name only, through his financial investors.
It is interesting that his paid investors picked ATNP though. They must think it's a good stock!
Not really much of a "control person."
You just never know who might have connections with the federal government on these crazy web forums.
Good luck.
That's not a bad ending for the week. We closed at .0013, which is where we closed last week.
For a penny stock, holding your own with no "real" PRs is a big deal.
I know there is some criticism of Chris DuBeau on "fluff PRs," but I think those fluff PRs have helped keep the PPS even instead of continuing to drop.
Date of record for the dividends is one week from today. I think there is big money to be made next week!
And if another piece of big news comes out - a new contract, getting financing to pay for the up front costs, etc....we may get a HUGE uptic!!!
(Unfortunately, if you sell, you will lose out on the divis...)
Good luck, everyone!
Man, this is the TRUTH!!!!
Jim Cramer says that the best book to read on how to trade stocks is some "horseracing" book. In other words, this has more in common with racing horses than anything else!!!
(I know, Cramer is a bit of schmuck. I find him entertaining - and his portfolio makes 15-20% a year. It's not bad - but not fantastic.)
You can read all the charts, read the PRs, do your due diligence - and still lose all your money.
HOWEVER--- there are clearly GOOD GAMBLERS and BAD GAMBLERS. When you play poker, you never know who is going to win - but the same people always do consistently well.
That is because they know how to play the game.
And the stock market is very much a game.
There are rules and there are RULES.
Reg T is pretty minor....and there is a fixed penalty for violating it. This is so common, it is like not filing your taxes on time on April 15....or speeding. No big deal.
If an MM forgets a filing (even if they do it intentionally to make a buck), no one is going to care.
That is a tiny corruption. But if they do something really corrupt to make thousands of dollars, they might lose their license....and that means flippin' burgers....FOREVER.
There is a big difference between you losing an online account for 90 days, and someone with an SEC license not being able to trade for 90 days. That is a 90 day layoff - and you can pretty much guarantee that your firm is going to drop you.
But I get your point, and it is very valid - the SEC is a lot like the IRS. Most things fly under the radar. But you won't find a lot of tax lawyers committing tax fraud, since this is how they make their money (although apparently Wesley Snipes had a couple that were working for him, so they clearly exist...).
Well, you are almost CERTAINLY right on this one, since the recording date is coming up on us REAL fast.
When this rise happens, it could be tremendous.
Pink sheets companies do not report - any reporting they do is voluntary. They report when the move to the OTC (which has other requirements - and it is more expensive).
They CAN voluntarily report anything they want to, though.
First Quarter reports were due this week (I believe yesterday, according to my attorney).
However, you can file extensions for up to 2 weeks.
Also, ATNP is not a reporting company.