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You are getting way ahead of yourself. You are assuming that the Liquidating Dividend is being discussed. I have no evidence of any purchase or sale of 100% of the gold mines. I have no evidence of FINRA or the SEC acknowledging NSS. I have no evidence that there is any discussion between FINRA and SEC and NMGL or FFGO.
Assuming all of these things, why would I assume that NSS is hindering the distribution of a liquidating dividend? If Market Makers and/or have NSS on FFGO, I would not assume that FINRA and SEC are protecting these market makers and other by blocking any liquidating dividend.
I have not forgot anything. The only thing that is FACT is that FFGO promised a CASH dividend through dozens of press releases AND received compensation through NMGL A&B's in a public filing. We have definitive proof on that. If we get a lawyer, you can propose your speculation to the lawyers about FINRA, SEC, Market Makers and others....
No doubt it is a serious matter. Though, I have not heard of the SEC or FINRA ever paying a settlement for NSS or any other misconduct or failure. I have only seen government settlements in the case of wrongful imprisonment and wrongful death. We will be lucky to get someone to take our case. We will be lucky to get a settlement from any individuals or companies concerned. We will be lucky to get a distribution of NMGL A&B's. We will be lucky if the SEC or FINRA helps us prosecute any NSS violators that the NMGL A&B's distribution to shareholders might expose. As inept as they might be, I believe we will have a lot better chance having the SEC and FINRA HELP us versus any chance of successfully suing them. I can always check with the lawyers, if we can get one. Hopefully, I will hear something in the next week or two.
Thanks, I will contact them in addition to 2 other firms I am looking at.
In the past, I had looked at a couple firms that specialize in securities and business lawsuits. I have not got a yes or no yet, just an implicit "maybe." I think I need to find lawyers that are working on the current Knight lawsuit, or the Goldman Sachs lawsuit, or the OSTK Byrne lawsuit and others that understand NSS and Market Makers and business and securities fraud and could go after the FFGO principals that promised us a cash dividend in dozens of press releases and are holding NMGL A&B's and our money. I could use some more ideas. I want a signed agreement of legal representation. More lawfirms like this past or present ???
Time is running out in my opinion...
The differentiation is not so critical to me. Many like to keep reminding me that I have ("worthless") FFGO shares that can, perhaps, one day be exchanged for ("unregistered") NMGL A&B shares. The Bouse and S. Copperstone shares may become ("unregistered") from administrative dissolution. Does that mean that they cannot be mined? With a 100% ownership or agreement and the proper permits, can these ("unregistered") shares lend themselves to mining?
Granted, It does become harder and harder to climb out of the "rabbit hole" if more and more obstacles are in the way. We may finally encounter an obstacle that is finally a game changer. I haven't seen that yet, in my opinion. Unregistered mining shares are not a game changer to me. I don't like it as it becomes one more difficult obstacle to overcome. If we have too many obstacles in front of us, we may have no one willing to clear them for us and climb out of this "rabbit hole." We should plan on getting legal representation long before March 12, to be safe.
As far as gold content in the mines. The assay reports may be provided to prospective buyers privately IF there is any effort by NMGL to sell them?? Lack of public disclosure of the assay reports are not necessarily bad by themselves. Private negotiations and private disclosure of the assay reports is understandable. Lack of progress after 2 years is bad in and of itself. There should be some public disclosure of private negotiations after 2 years. Some purchases or filings for the remaining share of the mines.
Thanks, I am sure you are right!!
The problem is that there should not be 90% or so daily short volume going on for years. We can argue about HOW that short volume got there. The SEC should provide a clear transparent way that all short volume can be tracked. There should be NO FTD's or (Fail to Delivers). We should not have the ability to borrow a share and later (if ever) buy it back. Market Makers should not have this ability.
Many of us have contacted the SEC and FINRA individually. Forwarding my info as an individual will likely have the same unsuccessful result. A lawfirm needs to press the issue. Prosecuting NSS is not an easy task. Ask the lawyers for OSTK, LOL.
Thanks, good ideas. Per your suggestion, yesterday, I did DD and found around a dozen or so old filings with Lumb acting as Director, Power of Attorney, contact person, and other capacities... Yesterday, I emailed that info to the lawyer.
That is a good trial technique for questioning Lowenthal about Lumb. We may settle out of court. FFGO and NMGL are just some of the pie. There are so many companies under Lowenthal and Lumb that could potentially become unravelled.
Thank you, it is true that we do not know what was said between FFGO and NMGL. There never was an absolute commitment to buy or sell 100% of the gold mines. To date, we have less than 50% of both mines purchased. No minority shareholders have sold their shares of Bouse or S. Copperstone. We don't even have one party that owns 100% of the mines. We need one party to own 100% of the mines to sell 100% of the mines. Then we need to hope that it will finally be a cash sale, not another share swap.
I had believed that there would be pressure and leverage from Sloane, NMGL, and others who will not receive cash until the mines are sold. I had also believed that the 3% liquidating dividend would put additional pressure to bear. I believe there is also a late penalty payment of over $1 million if the mines were not sold in a year from the sale date of the mines. The details are a little foggy on this $1 million or so payment. I know I saw it on one of the filings at some point. If someone remembers and can link it, that would be nice.
I thought that the principals, 3% annual liquidating preference, $1 million penalty, and NMGL turning over a profit would all provide pressure and incentive to buy 100% of the mines and sell 100% of the mines.
Those theories are at risk after 2 years. Perhaps, NMGL wants to allow the dividends to expire through dissolution or neglect, so, it doesn't have to pay any dividends to FFGO shareholders?? I don't see any evidence of fear or 3% interest being paid. I haven't seen ANY progress of anyone buying the remaining portion of the gold mines. We have to buy 100% of the mines before we can sell 100% of the mines.
Otherwise, we can go after the 50% that is sold, namely, the FFGO portion. We can sue on the FFGO portion. FFGO alone made the promises to us in press release after press release. NMGL did also make some commitment also.
Ronald Lowenthal had to know about the FFGO FAQ page. He never did make a disclaimer and had to have SOME reason for filing an SEC filing to exchange NMGL A&B's for FFGO shares.
As far as gold valuations...I will look into mining claim valuations. Going back that far is a problem in the first place. I don't think concrete proof for the valuations were ever released to the public. We were left to reason that if a company would pay $258 million then it must be worth over $500 million if you bought the entire mines. I guess I am optimistic that Bouse and S. Copperstone could be worth some good money. I cannot prove my optimism in a concrete way. I can point to Copperstone mine and Bonanza mining companies results. This has been linked in the past before. Yes, next door neighbors are no guarantees, but, I guess I have some optimism.
Thanks for your links to possible gold values from you and Oldminer. Unless we get the actual assay reports that do exist, it is all guesswork. Maybe, they can be compelled by court order if they are needed to help determine damages for a possible settlement. The "entity details" of the gold mines were actually included in the email I sent.
My optimism runs low when I consider the possible reasons for the lack of progress on ANYONE buying ANY portion of the gold mines in the last 2 years. It could take a year or two AFTER that to SELL the gold mines after the purchase they have been purchased.
Time is running out, we need some REAL leverage to get something done, it appears.
I have found several SEC filings that tie Lumb to FFGO and its earlier descendant companies. I found one 2008 filing and several 2005 and 2004 filings. I sent along another email to the lawfirm. I linked every one of the filings and explained that Lumb is a potential target to pursue. I haven't found the "smoking gun" regarding Lumb, but, it could be worth looking at along with the other details provided in the other email that was just sent.
Proving complicity in the dividend process may be another story. Back to the DD for me LOL.
I will definitely look into finding some links to showing that Lumb is the driver behind the scenes. The links that I provided the lawfirm may only show Peter and Ronald as contacts in the press releases, etc. I need to dig up some actual links that I can send along that show that Stephen Craig Lumb is directly involved in some capacity.
Yes, thanks, the "divi jeopardy" clause may be from the FAQ's not the a-h list. I updated that post and removed the reference to the source. If it had bearing on the suit, I would have had a specific link.
If anyone has a link that ties Stephen Craig Lumb to FFGO or any aspect of the dividend or press releases please provide a link.
Thanks again.
Some may believe that any effort to pursue a lawsuit jeopardizes the dividend. That comes AFTER over 1 year of promises of a cash dividend in DOZENS of press releases. Those press release are very specific and should be very legally actionable. Many disagree on this point. That is fine. If NMGL decides to use a possible lawsuit as an excuse to cancel the dividend, I am sure they had no intention after over 2 years of nothingness to give us the dividend in the first place.
The real concern to me is proving that there is real cash to be had somewhere. Whether it comes from actual possession of property or shares of Bouse and S. Copperstone, FFGO, NMGL, Western Diversified, etc.?? Something tangible needs to come from it.
We received dozens and dozens of promises of a cash dividend while at the same time negotiating a cashless sale of the mines. This is a crime to me.
I have provided the lawfirm a very clear trail of what happened. I just need to help show how the lawyers can receive some tangible benefit for their efforts. Any ideas???
I would think 2009 when the press releases were released regarding the sale of the gold mines and cash dividend. I don't know how large or small a time frame would exist for potential class action participants. When dates of lawsuits are framed, they often pertain to what a "reasonable investor" would think. For example, a "reasonable investor" might believe the press releases about a cash dividend. Would the denial of the cash dividend after the sale of the gold mine change the expectations of a "reasonable investor"?? Would a reasonable investor be allowed to believe a 8K filing?? Are these timeframes purely at a lawyers discretion about what he/she thinks is the best probability of winning a lawsuit??
Rocket, you and I have been around FFGO for a long time. We have had shares for years. I think any timeframe would cover everyone here.
Is there a distinction between a corporation that is "winding up its business and affairs and distributing property among shareholders" and buying a gold mine from a potentially dissolved entity??
If this dissolution being touted on this board about the dissolution of Bouse Gold inc. and South Copperstone inc. by WY on March 12, 2013 is true how does that work in the framework of Wyoming statutes?? Honestly, I don't know if the proposed dissolution is true, I haven't investigated it personally. Let's say that it is true.
The saving "grace" as far as these statutes are that the gold mines were sold to NMGL BEFORE the corporation (FFGO or NMGL) was dissolved. The dividend was "in process" so to speak.
If the gold mines are not sold by NMGL before March 12, 2013 then can we actually "wind up corporate affairs" of something that has not occurred? Do the gold mines have to be sold before March 12, 2013??
Or, do we already "own" a portion of both mines from NMGL in NMGL A&B's and can take years to unwind and distribute if Bouse and S. Copperstone inc. are dissolved??
True, we are doing the same thing over and over again. I applaud your efforts to date. We need a smoking gun or something that would inspire a law firm to take a class action lawsuit in our behalf. I have talked to a law firm that specializes in class actions on a contigent basis that has successfully sued large financial corporations. I got them to listen, but, not get a committed yes or no. I don't know what the smoking gun would be. I don't believe 3/12/13 is a smoking gun by the way. It could help, but, we need more.
"All" the FFGO "members" you refer to could create "turmoil" have not, in my opinion, came up with some viable ideas to either confirm any traction on the sale of the gold mines or movement on the dividend or any traction to pursue a legal document to compel a court to release information that we could use find out what the company(s) or SEC is doing if anything. Or any traction to pursue any lawsuits.
I have made many appeals such as yours to no avail. I may inspire myself to try again. So far, we are doing the same thing over and over again and getting the same result.
I still have some hope though...
That is a lot of moving parts. There are more...
Your list of collusion and corruption
* Ron/Lumb create FFGO/NMGL/RENS shell to purposely NSS investors
* Ron/Lumb work with crooked MMs to NSS FFGO
* Ron/Lumb work with crooked Trasnfger Agent to NSS FFGO
* Ron/Lumb work with crooked Accountant to NSS FFGO (see SEC letter)
* Ron/Lumb PUMP the Gold Mines and attract Shareholders.
* While investors are "loading up", Ron/Lumb begin their money making scheme by having their MMs NSS FFGO and Shareholders.
* Over time, Shareholders dried up as the stock stayed at $0.0001 (cellar boxed trap)
* When the action stopped and they made their money, they closed shop.
The SEC and FINRA are just as quilty for not doing anything about this (the revoke action was useless by the time they did that)
Also, you would have to add in misleading and fraudulent SEC filings, Press Releases and other information on their website and would go beyond a "pump" and suggest actual actions and/or results. Included, and/or in addition, there is NOT distributing a dividend after the sale of the gold mines and receiving compensation (NMGL A&B's).
It seems extremely unlikely that this would stay hidden with so many people involved. Someone could be caught for something and "roll over" information on this. With so many people, it could stay quiet all this time??
It is more likely, in my opinion, that this is on the level to some extent. That any "hidden" events such as lack of cash buyers for the gold mines, low gold content, etc. are limited to one or more events with only a few people involved. The NSS you discuss, I believe, is known, but, orchestrated by a few well funded groups or individuals who have been successful at keeping a lid on the damage so far. Having companies, transfer agents, accountants, government agencies all in on some conspiracy is a lot of people "in the know." That is extremely unlikely to me. I don't believe it is the same people that you do, but, since it is illegal NSS, I am unsure exactly who it is.
Obviously, something is foul here. It would not have taken this long to sell the gold mines if there was premium gold content in my opinion. Being next to Copperstone and Bonanza, I must think there is some gold. Obviously, the games and lack of communication are foul also.
To extend that way beyond to such a large conspiracy is really really statistically low. The odds of such a large conspiracy working for years like this is so so low in my opinion.
I believe that a few individuals have hidden a few events both legally or illegally very well? If it were bigger, it would be much easier to unravel and we would either have dividends or people in jail by now.
Let me run how this could play out. First, as far as the "weasel clauses" are concerned. They occurred after the sale of the gold mine and likewise, to me, have as much validity as if I made something up over 2 years later. The press releases said that there would be a dividend immediately following the sale of the gold mines. Making up an A-H list or any other thing or "weasel clause" is irrelevant and is fraudelent in my opinion especially after seeing FFGO receive NMGL A&B's for the gold mines. We could have received the NMGL A&B's and funded them later. Atleast, we would have a NSS position that would be exposed and we could work from there much more easily.
First, a lawsuit against FFGO for not distributing the NMGL A&B's when they received them and for fraud for lying on the press releases.
After any successful lawsuit against FFGO and delivery of cashless NMGL A&B's THEN we could have a lawsuit against the Market Makers and others who created the NSS position in FFGO. We could get a real cash settlement from them.
After the delivery of the NMGL A&B's and the NSS lawsuit, perhaps, we could even get the gold mines sold and receive the cash to fund the NMGL A&B's. Perhaps, a special judge or trustee could step in and supervise the process and report the results as they occur to the shareholders.
The threat of lawsuit against management is like the "weasel clauses" or the A-H list or otherwise. It occurred after the sale of the gold mines. The press releases promising a cash dividend immediately following the sale of the gold mines are what apply here, not any nonsense that comes after.
I don't know what any court might do regarding gold properties and WD. I don't believe the weasel clauses are valid in the first place as I have explained.
STALEMATE No one is "exposed" enough to go after... The company's principals look good on paper, so, you would have expected some filings or other news to come through regarding FFGO or NMGL or WD, etc. There is enough "stability" to keep any lawsuits from heading their way, so far.
There is no money for lawyers to latch onto. There have been many class action lawsuits regarding banks and insurance companies. They are a cash cow that can be milked if they had "wrong doings." Penny stocks and NSS is not "low hanging fruit" by any means. It is still well protected and entrenched. That may change some day...
It seems to me that FFGO broke the law by receiving compensation for the gold mines in the form of NMGL A&B's and NOT compensating shareholders with NMGL A&B's. Shareholders were promised a dividend immediately after the sale of the gold mines.
Receiving NMGL A&B's would expose the NSS that exists in FFGO. This is key. I may press the lawfirm I have contacted in the past for a firm answer of either yes or no to help. I may try again. It may come around to us helping ourselves. Could we get the ball rolling even with a small claims court case to expose the NSS and show some legal precedent to take to a larger court later. Small claims are about $75 to start. Problem is that we would need someone from the home state or home office??? to file Wyoming, Nevada?? I know if you file in the wrong state or jurisdiction, they will just throw it out and tell you to try elsewhere (but still take your $75).
Another option is AlanC's whistleblower idea. Any test pilots for that?? We need to get some more attention going.
Worst case scenario. If everything is legitimate and things are moving along behind the scenes, then great, a lawsuit will compel some discovery and information to proceed from the principals. The principals look great on paper. Maybe, they are doing what they promised behind the scenes. If so, it should cause no harm for the courts to compel a "little update" on their progress after years of silence, revocation and expiration....
Ideas guys and gal (Vianna)??????
Most of the time when you trade biotechs, you might be able to avoid big picture concerns. Most often, daily, we speak of price levels that we believe that ARNA could attain just based on ARNA alone. Most of the time that works. Soon, that may not work so well.
We broke and closed below 1430 on the S&P today. That was a critical support level to me. A downtrend could affect ARNA downwards. I know what some of you are thinking, but, The red=green thing we have seen will likely not continue.
The initial DEA scheduling is a big potential catalyst upwards and could happen any day now. A lot could happen before Q3 results come in, which may not help the share price since we are not selling Belviq yet. The 120 questions filings is not a price per share mover by itself.
We hit a high around $9.42 in August and September only to fall a $1 or more. This may be October's version of the same deal. I wouldn't bet all my shares on this for sure. But, with the headwinds of the fiscal cliff and technicals on the overall market and uncertainty of the timing of DEA scheduling it may provide some opportunity to trade.
True!! All I have heard is a couple hundred dollars worth of expired licenses or filings. That amounts to almost virtually nothing. It can be overcome in a heartbeat, despite daily posts otherwise. Zero evidence of anything even close to being over.
I see no evidence otherwise
Impressive indeed. The gathering of a group of individuals with that much experience and reputation really boost our chances of eventual success.
Daytrading this close to scheduling classification and EU approval is not wise IMO. Flipping all your shares is even more scary. News could rock ARNA up any day.
That being said, I have patiently bought or sold around 30% of my shares about once a month on the lows and highs since around the time VVUS was "supposed" to be rejected by the FDA (VVUS PDUFA), but, was not. Europeans got it right LOL.
I have reduced my basis by over three bucks since then. I imagine there will be a lag between scheduling and EU. Another lag between EU and beginning to produce Belviq. Another lag between production and 1Q, then 2Q sales results.
There is a range of effectiveness some high some low. These were done at LOW dosages WITHOUT any partnering of other drugs. Your family physician is one individual. I would tend to believe a powerhouse such as Eisai partnership.
He would need to 1) force distribution of NMGL A&B's to FFGO shareholders and expose a NSS position. 2) take a OSTK type lawsuit or settlement position with the courts or government regulators. 3) actually sell the mines and distribute a dividend.
Barring one of those 3 things, seeking funding from the shortman appears to be fruitless...
Maybe, I missed it, but, I read seeking funding for NMGL. He may be seeking and have funds earmarked if he receives them. It is a very long filing (which is good). If there is a page or paragraph that says funding HAS been provided instead of seeking funding or intentions of future funding, please provide the page number or something... Also, is there specifics on how funding will be acquired or repaid??
I initially got excited when 258 million was thrown down. That got me nowhere. I am having a hard time holding my breath on 8 million or so that doesn't even look to be received yet or transformed into filings or other productive work for the investment.
If the economy loses 50% or something like that (via 2008 style) in the stock indexes, etc., virtually any stock will fall that is not a short ETF. I checked this against several biotechs, they all fell dramatically in 2008. It is common sense.
If the economy gets a little to moderately worse, ARNA may hold or rise. I am still researching the effect of a moderate fall in the economy versus biotechs overall. There seems to be mixed results here.
I assume the "claims" that you refer to are gold mining claims. There may be dozens of FFGO gold mining claims. A majority of gold mining claims may not be lucrative to pursue. It may only be a dozen or more claims that are lucrative. A few gold mining claims may have been abandoned. Based on what I see from the BONANZA gold mines actual production RIGHT NOW immediately next door to the old FFGO (now NMGL claims) there is active gold to be mined. http://www.americanbonanza.com/s/Home.asp
It would make no sense to pay 258 million for the claims and abandon all the claims. I don't believe it. I have done a fair amount of DD, thanks. You are welcome to look at the actual production at our neighbor mines and catch up on your own DD for the NMGL mines.
I am glad that people have the patience to keep doing great DD like digging this up, Rocket. Though, I would say that NMGL "wants" to get money to be current, but, may not be successful in my opinion. Lowenthal seems to be credible (past work decades ago), to me, but, lately all he seems to do is shuffle companies (RENS, NMGL GNCP) around hoping to get a "hit" without spending much or doing actual mining production. People can keep getting paid without actually filing or producing anything. I hope he gets a "hit" and sells the NMGL and other mines before he retires. He is getting up there in age.
A BRIEF MISSION STATEMENT:
GNCC Capital, Inc. (“the Company”) is initially focused on its three Gold and its three Silver
Mining & Exploration Projects in Arizona, USA. The ratio is currently weighted at circa 80%
Gold and 20% Silver.
The Company is committed to expenditure on these six Projects through extensive exploration
work. The Company is seeking to prove up reserves on these Properties through Geological
Survey, employment of two full time Geologists and through a substantial number of carefully
measured and planned drilling programs.
The Company is not looking to “go mining” with all of the attendant problems associated
therewith but to add value through extensive exploration work and then to either (a) dispose of
properties for cash (b) contract the mining of the properties to a third party or (c) to Joint Venture
with a Mining Company to mine properties in the Company’s portfolio.
The Company is seeking to expand its portfolio through acquisitions and increasing the size of
its claim blocks at certain Projects within the portfolio. The Directors and certain shareholders in
the Company have interests in other areas of minerals, namely Coal, Iron Ore, Copper and Rare
Earths; as well as in Gold and silver. These interests are primarily in the United States and in
Africa.
The Company’s existing and initial portfolio of six Gold & Silver Mining Properties were very
carefully selected due to their outstanding characteristics as Exploration Properties coupled with
Management’s belief that it can rapidly and inexpensively drill out a “Resource Base”; whilst
maintaining the vital “Blue Sky” potential currently being aggressively sought as acquisitions or
as Joint Venture opportunities by the Major Global Mining Corporations
Exposure and leverage. Where is the leverage now? It is true that both sides have exposure risk. It is also true that both sides believed they had leverage on their side. Let's look at that...
When I say "We believed" (I at least mean myself) that filings would provide leverage as the filings would provide a natural avenue that the company would have to provide communication to shareholders as they provided communication to the SEC. Well, no apparent leverage there for both FFGO and NMGL...
We believed that major players that "took preferred stock in exchange for a percentage of the gold mine" would provide leverage that would motivate a sale of the gold mines.
We believed that loan(s) that were set to be due and would pay 3% interest if the gold mines were not sold would provide leverage.
We believed that "investors" who are short on FFGO would put pressure to get the mines sold or other actions. They have convinced some brokers in my opinion to ask some shareholders to write off their shares. I haven't heard of anyone I actually believe was a long shareholder writing off their shares. So, no leverage there either.
With no exposure, and no leverage that I can see. What is any motivation to get this done?? There has to be some problems in my opinion or we would have heard something and not let filings and business licenses expire. Yes, I know they are easily recoverable with just a couple thousand dollars. But, I know I take my employment very seriously. With Ronald's background of success, at least in my opinion, why would such a solid guy let these filings and licenses go by the wayside??
Again, I don't believe either side can claim victory. But, without exposure or leverage, we will continue to wait for years???....
Exposure is part of the problem that we have here with FFGO and NMGL, etc. Neither side can claim definitive victory in my opinion. If we had media exposure we might be able to bring up some elements that are hidden. A news story might bring parties out of hiding. A spokesmen from the SEC or FINRA to explain the numbers that don't add up. Ronald and Pete from NMGL and FFGO to answer some questions and show if everything is real or not. Reporters at the site of the mines pressing for the truth.
So many big companies would have this exposure. We would know the answers. If nothing changes this will go on for many more years with no changes. NMGL will continue to be revoked and silent. Gold mines will be unsold. Long and Short positions will continue to be on the books. No charges will be filed against anyone. Someone did something wrong, but, the exposure to get the truth will continue to be lacking.
Too bad. I wish I could say that the SEC or others were watching, but, I have no proof that anyone is watching....
I thought many had claimed there were no gold mines in the first place. I guess there always were gold mines. The existence of the gold mines can be validated now, so, that we can quickly invalidate the existence of the gold mines by making "linkless" assertions about expired, abandoned, etc. gold mines claims for Bouse and S. Copperstone.
All gold claims that FFGO had may default because NMGL now owns the claims. Track down NMGL gold mining claims regarding Bouse and S. Copperstone and there would be a better means for a discussion. Or track down who owns these gold claims if not NMGL?
I am involved in bulletin boards where millions of dollars trade hands on a daily basis. For the level of activity that still exists here on a "dead" stock indicates there is an active interest both short and long for this to occur on a daily basis. No company involved in this dividend process is in legal trouble for any wrongdoing. Everything still is good to go. Go FFGO!
As far as the article correctly or incorrectly says....The not cool part for me is the small sales market projections. It seems like it should be higher with all the different target areas that Thermodox could be used to treat. The small amount of shares does balance out the small sales numbers though for the most part.
One day left for sure...
Admittedly, would I miss the runs you named just based on a technical indicator? Sometimes, fundamentals trump technicals. Sometimes, depending on the time and the belief of the timing of the fundamentals, technicals trump fundamentals. Just guessing, I would not have passed on a trade purely because of failure to fill a gap. I might have passed on a trade because the RSI was over 80. Hard to say. I don't know if I would have passed on news being priced in. Depends on the quality of the news. Some technicals, however self-fulfilling they may be, have statistical importance to occur more often than not. As a strategy, it is better to play the percentages. I probably would have, despite missing an occasional gain.
If there were not some mechanism for changing the price of a stock, the price of the stock could become like the national debt where it goes up exponentially every day of the year. We could far surpass the value of the company or the whole GNP. I see nothing illogical about the ability to short a stock to keep it where people estimate to be the value of the stock. Naked shorting and other means are whole other story. I have never shorted an individual stock myself, but, see nothing wrong with the theory. I have bought short ETFs which is a little different.
I did think about the compounding effect after the 15 minute edit time. Oh well. It seems to me that there is a feeling that some people believe that because we are close to 9/15 that the technicals do not matter. We will go from a stock that has had very steep nearly vertical up thrusts and steep down moves to basing and consolidation at some level above recent highs because of this supposed catalyst event. News may or may not happen by 9/15. It is being priced in now. I just see a possible down move between now and 9/15. After 9/15 who knows??
REALITY NEWS FLASH
There are 15 trading days til Sept. 15 catalyst event. If people believe that we will continue to have 5% days like Friday, they are sadly mistaken. We will not go up 15 * 5% = 75% or $8.19 which is Fridays close of $4.68 + 75% which is $8.19.
Ironically, buying off the last low of $2.65 (I bought at $2.69 myself). Fridays close of $4.68 - $2.65 (last low) = $2.03. $2.03 / $2.65 = 76 %.
I agree, for many it works out much better to have shares to hold and shares to trade. Often, I take what I can afford to buy and divide it in half. Hold on to half through thick and thin and trade the other half through the volatile swings. Sometimes, I hold the entire amount, sometimes I sell the entire amount. Depends on the charts. I don't like to ignore the charts either.
To NoDoughGo's point, I understand that many would be better served by holding the entire amount the entire time. Depends on the person.
This will eventually run out of steam before Sept. 15 and either fall or consolidate. It will not continue making 5% gains!!
lovethatgreen, you are correct, folks that consistently ignore charts and listen strictly to pump posts miss potentially huge trade opps
Very true indeed.