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Unless my eyes played tricks on me I see the trades reported as short on June 20 no longer appear as such. That's the long and short of it
Take Note! Those 4400 shares traded on June 20 were short sales
OK tell me this? After After talking with Berke, will you add to your share position?
My take on the situation is Advisorshares agreed to settle but needed time to raise funds, possibly one year,. Any idea what net profits for Advisorshare might amount to for 12 months?
equijohn. The news will come when We get the settlement details and not till then in my opinion but the window of opportunity will slam closed. It is a roll of the dice for sure, as to how much the settlement will amount to.
For your information equijohn, I will give my thoughts.Market Makers are trying to hold the price down in order to accumulate on the cheap in my opinion. I currently sit on the bid for 1000 shares at .65 and I am doubful I will ever get a fill. If I raise it to .75 a sale might take place but I will not get a fill.Last week I raised my bid three times to test my theory and the last trade of the day was filled below my bid price.All I ended up doing was creating trading activity that benefited the market makers, with me not picking up one share in th process. Now ,if I offered a buck I would probably get filled but you could bet the price would get painted back down at the close with a small low ball trade. Also if you look at the current bid it shows as .60 and yet I have valid bid at .65. I stand by my theory. MM want all the share sthey can get at this price and will knock down the bid
Here is one for the books. I raised my bid to 85 cents at 2:29pm and yet at 3:48pm a trade went through for 2411 shares at 70 cents and no fill for me. Go figure? Now I was just testing the market makers or whoever to see how they react to my bid. Obviously they want to hold it down so people will sell to them on the cheap but to them only not to me even though my offer was for more. Manipulation? Do you think?
Yes games by MM I raised my bid to 85 cents but it does not show up. It will trade at a buck or more next week imo. Caution!! Do not put in a market order You might end up paying 10 bucks
Guess what?? I just put an order for 1000 shares and bumped up the bid to 80 cents I did not get filled but there was an immediate fill for somebody else hmmm?
Bane, That tells me that nobody is selling and if you want to buy good luck in trying to get any without having to pay more. I think tthe settlement date
is not far off
You are wrong once again Bane, It was a case of me raising the bid hoping to pick up some shares, shaking a few loose that were instantly grabbed up by the market makers plain and simple. We will see what tomorrow brings. I may move my bid up from here
Bane did not shake any tree. I did not get my fill but made the longs fee a bit better helping to move the price from 41 cents to 70 cents
OK , I moved my bid to 1000 shares @75 cents.
Looks like 250 shares at a buck. maybe I will move my bid 70 75 cents and see what happens. probably no fill. If so, this tells me the price move down was likely manipulated by market makers
Somebody got a fill but not me. How come?
I moved my bid to 70 cents and I bet there will be no takers unless Bane wants to sell short
I put in a bid a 60 cents.It probably will not be filled
If you guys can just bash this down to a dime $9000. will get me 10% of the company
What I do not understand is why people who state that they do not own and will not ever own shares in this dog continue to post the same negative comments.Nobody is buying and nobody is selling so what is the point? The non believers are all out and the believers are in and cannot get out without taking a severe beating at even lower prices. Perhaps that is the agenda, after all with 867,781 issued shares at .41 is equal to about $355,000.00. Would ADVISORSHARE be willing to get rid of FNDM by paying $355,000 plus legals? They should be so lucky. Of course. IT WOULD BE A BARGAIN so bashing the stock to get in at even a bigger bargain price does make sense and if you guys can knock it down more, I just might consider rolling the dice and upping the ante. BASH AWAY Get er down to a dime
It does matter if you want to add at this price level. Selling at this level is a different story though
Hopefully your complaint doesn't turn into any kind of a halt in trading by the SEC
I would think that the same guy that hired the top notch law firm also hired Berke and probably was recommended by the top notch law firm for the job and may be following their instructions. Everybody's guess is that Galanis hired them. I just cannot see an alleged shyster like Galanis with deep pockets hiring an incompetent. He may be called a crook but not a stupid one. I say he hired a squeaky clean guy to represent FNDM to keep things on he up and up. The documents are sealed and people are doing their utmost to get Berke to do something he is not allowed to do.No wonder he will not talk to shareholders If he does anything he says gets twisted
Wait minute, FNDM had a top notch lawyer represent them in the lawsuit so he would have been the one that worked on the settlement details and not Berke
Who is Dwyer?
Is there a corporate lawyer in the house??
What If? I was thinking last night, What if an investor wanting to add to his position on the cheap offers 100 shares at 75 cents or lower to create a bit of panic in order to drive it lower hoping to snap up a nice chunk at a bargain. I think that is what is happening here.at 5 minutes to closing time. Also for those wanting to accumulate, shorty might just be your best friend. I see 50 shares were shorted today and I bet there were more than a few covering
I guess I look at this differently than you do. Berke's lack in not providing an update,as likely there ius no update, has provided an opportunity to add cheap shares for those expecting a decent settlement from others expecting the worst and have bailed.
Probably wasting your time putting pressure on Berke other than helping you let off some steam. As I said previously, delays will create weakness in the share price and it has done just that. If you believe in a big settlement the weakness creates a buying opportunity for the optimist and the reverse for the pessimist,like the 2 shoe salesmen sent to a third world country. One said send me home,BAD NEWS nobody wears shoes here while the other said FANTASTIC NEWS, Everybody needs shoes. LET THIS THING DRAG ON SO THE SHARE PRICE CAN WEAKEN and pessimists sell
Nobody wants Advisorshare to go down as nobody wins in that scenario. The settlement can't be chicken feed or it would be put to bed by now and a valid readon to seal the settlement details to avoid a run on redemtions by nervous Advisorshare investors
I am certain that Noah needed some time thus the delay. Now I doubt that this is a settlement for megabucks, but possibly close to the $13.00 per share max. that you have suggested previously. In any case it is highly unlikely that FUND.COM settled for the current share market value of around a buck. There could be several stink bids on Monday from some of the regular bloggers on this site, especially when they were willing to gamble and buy at higher price levels while the case was before the courts and the outcome uncertain whereas we do know we won but HOW MUCH is the question?. It is obvious MORE THAN A DOLLAR A SHARE
Just for the record. On Thursday all 2500 share traded were shorts but on Friday only 100 shares. I would think there may have been some short covering on Friday and why not for a quick profit.I can see more covering but very little short selling at this price. As for Berke,I think until Advisorshare meets the terms of the settlement he is powerless and must keep his lips sealed
Delays create weakness. I can foresee impatient investors selling off to take advantage of gravy trains about to leave the station feeling they can get back in to FNDM at the current price or lower
What I am saying is that maybe the settlement agreement gave Advisorshare a period of time to secure sufficient funds to settle Now if this was settled at 2 bucks per share NO PROBLEM!!! less than 2 million bucks but 20 dollars a share is a different story and ADVISORSHARE would need some time to pony up
Maybe this is a case of Advisorshares not having enough funds at the time to buy out FNDM and being allowed some time.
Not sure why anyone who is not invested and dislikes FNDM would continue wasting their valuable time posting the same thing over and over unless of course they do not consider their time all that valuable. All the longs here are well aware of the risks associated with putting their money down on FNDM and are prepared to take a loss but hoping for a big gain. Could we lose?? Of Course. Could Advisorshare go bust? Was the Titanic unsinkable??? We all know the outconme is far from certain, so what is your agenda drivenbypain??, other than wasting your time trying to educate us when we have already cast the die and are prepared to win or lose.
March 2016 ???? like next weeK???
March 2016 ???? like next wee???
And it will go much higher with short covering. DBPN is the scam
Hey drivenbypain, To run a successful scam YOU NEED VOLUME There is none I suggest DBPN is a scam
I guess drivenbypain's definition of a scam is when there is no volume? right drivenbypain? no sellers is a scam no buyers is a scam. How does a scammer make any money in this scam when there are no trades.Maybe it's a wannabee scam. I would say scam in reverse as it lucked into a winning investment of last resort in Advisorshare which became a winner that will turn FNDN into a winning opportunity for investors. Yesterday you said investors were bailing but most sells were shorts so investors were buying not bailing or possibly shorties were both covering and shorting. There is no trading when just a couple shares are up for sale but put up a thousand and they are quickly snapped up