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If I were to get involved in this stock, I would be short. It is as legitimate being short as it is long. And looking at this company and Spooz, it seems the smart play. If I were a betting man, I would bet this will be under a penny soon.
Just for the sake of conversation, could someone explain to me why being long and hyping and pumping a stock is supposedly OK, but being short and bashing is wrong or bad? What's the difference? I would say that someone who does not recognize the legitimacy and potential in either position is playing with half a deck.
jc
Pappi, trading is likely occurring at less than .0001 it just doesn't tape lower. If you want to sell, call your brokerage and ask them to sell at the best price they can get.
All IMHO,
jc
141 CAPITAL INC
(PNK: ONCP.PK)
Last Trade: 0.0001
Trade Time: Feb 6
Change: 0.0000 (0.00%)
Prev Close: 0.0175
Open: N/A
Bid: N/A
Ask: N/A
1y Target Est: N/A
Day's Range: N/A - N/A
52wk Range: N/A
Volume: 0
Avg Vol (3m): N/A
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (
Ok, not bad numbers. Hopefully they will continue. As for R/S...non issue IF they don't dilute any more. All that matters is revenues. Can they make money?
jc
The beat goes on. It took special talent to take viable technology like HydroFlo had and make complete shipwreck of it.
Buying any stock is only ever going to be profitable if the company produces an income, IMO. If it is nothing more than a stock and no product, it is hard to make anything. If news is put out simply to create an environment to sell more stock into, those who had to buy shares can not compete with those who simply print them. The winner is always the owners of the cusip number.
You do know that buying and selling can and does occur at levels smaller than .0001?
The only hope here, IMO, is that they show they have something others will pay for, and I mean a product, not stock.
All just my $0.02 worth,
jc
Found this today:
SolarBrook Acquires New Technology
SolarBrook Water and Power Corporation (OTC: SLRW.PK ) a developer, manufacturer and marketer of water quality and clean power products, announced today the acquisition of a new technology that uses solar power and a steam turbine system to produce electric power. The new technology was acquired in a stock transaction.
Raleigh, NC (PRWEB) February 2, 2009 -- SolarBrook Water and Power Corporation (OTC: SLRW.PK) a developer, manufacturer and marketer of water quality and clean power products, announced today the acquisition of a new technology that uses solar power and a steam turbine system to produce electric power. The new technology was acquired in a stock transaction.
The patent pending technology consists of a solar power generating system, a steam generating device, and two generators. Robert King, the developer of the solar assisted turbine system, will join the SolarBrook Water team and manage its newest division.
Mr. King will be responsible for developing a sales and marketing program, implementing cost control programs, managing the day-to-day operations of the division, in addition to conducting research and development for additional applications of the new technology. Mr. King brings outstanding experience with a strong background in gas, electric, and steam utilities.
"We are very enthusiastic about this new technology and the addition Mr. King to our team," commented George Moore, CEO of SolarBrook Water. "The acquisition of this technology is in line with the business strategies we've put in motion to provide new technologies, products and services that offer appealing solutions for world wide delivery of clean energy for both on and off grid applications."
About SolarBrook Water and Power Corporation:
SolarBrook Water and Power Corporation, headquartered in Raleigh, North Carolina, maintains a core focus of seeking out synergistic acquisitions that will provide capital appreciation and income for its portfolio companies. The mission of SolarBrook is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants. Solarbrook also seeks to provide integrated clean power alternatives for remote and off-grid systems, further expanding market potential.
For more information, please visit www.SolarBrook-Water.com
Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact:
Solarbrook Water & Power Corporation
Investor Relations
919-415-1716 Ext. 1210
investorrelation (at) solarbrook-water.com
johnsbus, like I say, I have no stock here. I sold long ago at a very small loss. All I can say is that shareholders aught to get professional help. It is the only way to cut through the crap and find what, if anything, can be done. I have followed this story from the beginning, but only as an observer. It may be only a failed business...it may be a scam...it may pan out. Who knows? The only way to find out, IMO, is for shareholders to force a dialogue with management.
All IMO,
jc
They seek damages on behalf of shareholders in a class action, if they determine there is a case. They work for a percentage of any settlement. Even if a company is broke, there are still shares in the hands of management that can be gone after. Sometimes a settlement may be reached out of court. The courts will allow sales of undeclared stock (http://www.sec.gov/interps/legal/cfslb3r.htm0), for example. Anyhow, If you are at a loss, get help. These guys know what to do (Rosen).
http://www.rosenlegal.com/
Here is the press release copied directly from 141's website:
141 Capital, Inc. Commences Trading for Its Seasonal Trading Pool I
Wednesday, 10 December 2008 08:31
CHICAGO, Dec. 10 /PRNewswire-FirstCall/ -- 141 Capital, Inc., (Pink Sheets: XXIS) announces that it commenced trading through its 141 Seasonal Trading Pool I, LLC ("STP1"), a pool organized under an exemption granted by Section 4.13(a)2 of the Commodity Exchange Act. STP1 will trade futures and options contracts listed on domestic exchanges in grains and the soy complex (CBOT, KCBT, MGE), energy (NYMEX, ICE), softs (ICE), meats (CME), interest rates (CBOT, CME), precious and strategic metals (CBOT, COMEX), and foreign currencies (CME).
STP1's system is based on trading seasonal futures and options spreads. Spread trading involves holding a long position in one future(s) or associated option(s) contract and a short position in a related future(s) or option(s) contract, or contract month, in order to potentially profit from an anticipated change in the price relationship between the two. Trading spreads generally reduces risks associated with price movements in markets, and, consequently, the volatility of those price movements.
141 Capital intends to generate revenues from the pool through a contractual relationship with STP1 including incentive fees of 25% of any new profits. Commencing the end of December 2008, 141 intends to post a monthly trading track record for STP1 on its web site (http://www.141capital.com) and through Barclay Hedge (http://www.barclayhedge.com). Depending upon the success of STP1, 141 Capital should achieve revenue traction sufficient to satisfy its fixed expenses during the first quarter 2009.
"Prior to commencing live trading, the Company traded the systems in a simulated environment for over three months. We are very excited about the results STP1 achieved during the simulation," stated Errol Stone, CEO of 141 Capital. "Since the pool is based upon high probability spread trading and duet to prevailing market conditions, we believe it to be a quality alternative to many traditional investment products."
About 141 Capital, Inc.
141 Capital, Inc. is a registered Commodity Trading Advisor based in Chicago. It utilizes electronic trading systems for trading futures and options products listed on the world's derivatives exchanges.
Forward Looking Statements
This press release contains statements that may constitute "forward-looking statements." These statements present management's expectations, beliefs, plans and objectives regarding future financial performance and assumptions or judgments concerning such performance. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements.
Guys, you really aught to contact someone like Rosen
This is what they do for a living. They will look into your complaints and see if anything warrants legal action. They won't charge a dime to do that. If something is amiss, they will advise how to proceed. If nothing is evidently crooked, then you will know. You have nothing to lose. It is obvious that you shareholders are being ignored. IMO, to question the Mods is not going to get you anywhere. They don't know anymore than any of you. All they know is what they have been told. They always passed it along on the boards. If they were getting anything now, I am sure they would be posting.
All IMO,
jc
These are the people that took HYRF (HydroFlo) to task. I bet they could get some answers for you. Click on the "report fraud" button and tell them your complaints with this company. I don't know what to make of Spooz, 141, and all the rest of this mess, but I bet these folks could prompt some sort of a response:
http://www.rosenlegal.com/
For the record, I am not calling this a fraud...I don't know all the facts. But I think you shareholders are holding the chit end of the stick and will not get proper treatment from this outfit without someone's help.
All IMHO,
jc
It reminds me of a restaurant I was leaving once. I told them I couldn't complain about the service because there wasn't any.
REED, the only thing that runs contrary to your thought is the exact wording of the PR. They did not express any INTENTION to begin trading , they clearly stated it the PR that they HAD (past tense)COMMENCED trading. And they say that they will post the results on BarclayHedge as well as on the 141 website. According to Barclay, they were still in the process of adding 141 to the system. Fine. That does not, in my way of thinking, mean 141 could not state the results of the trading which they stated they HAD COMMENCED, on their own website by late December, as they clearly said they intended to do. In the very least, if they did not commence trading ( even though they said that they already had) , I believe they owe you the courtesy of a paragraph explaining why they have not done what they stated they were doing and would report. They could have extended that courtesy with no more time and effort spent than I took commenting in this post.
You guys don't deserve this shabby treatment, IMO.
jc
Can't argue that. The PLUS system could and should have been a success. In the hands of competent businessmen, I am certain it would have been. Instead, a couple of shysters held out a perfectly viable carrot on a stick until the carrot rotted and fell off.
...crying shame.....
They make a good point. If in fact they traded December, I would think they aught to do the right thing and post results on the 141 website. I would shudder to think they will sand bag until such time as they have favorable results for a few weeks.
The news release on the 141 website states that they commenced trading Dec. 10. If that is true, what were the results? Like Barclay says, why are they not giving us the results?
You're right. It seems Elvis has left the building. Another one bites the dust.
Yes, its frustrating to have heard for years about this holy grail of trading technology, only to wonder now if even the creators can use it to turn a profit. In any event, they need to report what is going on.
A theory regarding the Dec. 10 press release stating that they had commenced trading. Perhaps they did and the results were not worth publishing? As you say, they issued a Dec. 10 PR stating that they HAD COMMENCED trading. So what were the results of that trading? I know that as of Jan. 16, Barclay stated that they were "in the process" of adding 141 to their system. But what is to prevent 141 from publishing the results of Dec. trading on the 141 web site? The 141 Dec. 10 press release clearly states that they will report both on BarclayHedge AND 141's website. I think you shareholders deserve an accounting of the results of Dec. trading.
You have hit the nail on the head BigGreen. IMO, all that matters right now is that they post good results from trading, and that in turn must lead to revenue. Until such a time, all debate about reverse splits, buybacks, or what have you are meaningless. If income = zero, then share structure is the last concern. Zero divided by a thousand or by five billion is still zero.
jc
It depends on where the shares are coming from.
I have a question for shareholders. What happens to the shares some of you have tendered to 141 in exchange for preferred stock? It does not say on the website...at least I don't see it. If the shares are retired...great. If they can be released again by 141 on the common market, while your preferred stock is restricted for three months...not so great. Not trying to stir up trouble...just wondering...
jc
Maybe I can sell 'em on EBay
Who knows...I'll tell you one thing my wife was right about. Don't eat smoked herring and play your bagpipes if you intend to play them again...phhhhew...
That would be nice. Wasn't XXIS the symbol of the shell 141 bought in the beginning? It is good that they are changing to a symbol reflective of the company name. For those of you who own shares, I hope they produce good results. If they can't trade the software successfully, I can't imagine how they could expect anyone to take any interest in it. It seems to be all coming down to what is happening with this in house trading. I would think Spooz has everything riding on this.
Activity is activity. Changing a trading symbol and listing results with Barclay Hedge Is activity. Correcting the spelling shows that they read the boards. There is no reason to issue a PR saying that they have changed the symbol, as I hope everyone can figure that out. What I would hope to see is trading results for that Seasonal Trading Pool they claim to be trading.
No. Zero is as low as they go.
XXIS Corp. (XXIS.PK)
More On XXIS.PK
Changed Ticker Symbol
'XXIS.PK' is no longer valid. It has changed to OFON.PK.
Looks like they sold 'em at a loss.
I'm just thinking out loud. It will be interesting to see what follow. BTW, I think you have figured out OFON...
Barclay Hedge did confirm to me by email that they are in fact in the process of adding 141 to their system. IMHO, all the marbles come down to what , if anything, is reported. Regarding anyhthing between Spooze and Bloomberg Tradebook, I have yet to find anything about it other than what you can find on chat boards. I am not able to swallow any contention that a non disclosure agreement is preventing any word from Spooz. What would such an agreement accomplish? After the time frame given regarding the "deal" had come and gone, what harm could there be in at least updating shareholders , if only to say it's still on the table?
Catani, I am no defender of this company. I have followed it from the start and do not now have any shares. I sold out when the first roll out of STv1 failed. I believe that they raised money intending to bring their software to market, but they just don't appear to have a product good enough to gain the interest of the industry. They very quickly became reactive in what they have done, rather than proactive. That is to say that events very quickly controlled Spooz, rather than Spooz controlling events where they are concerned. The need for survival cash quickly overtook them. As a result they have not done justice by the shareholders in being transparent about their struggles. This is no excuse as far as I am concerned, simply an explanation, or at least a possible explanation.
Catani, all of this is just my humble opinion based on observation over the past years. I am no fan of the company and I don't think much of the lack of transparency. But to be honest, I doubt if they have much to say right now anyhow.And it has always been a non reporting pink sheet, so anyone who has not treated it accordingly has mostly themself to blame.
IMO, they have not demonstrated that they have anything good enough to attract any attention. They may have thought that they did, and they may still believe it. But it is up to them to prove it. I won't believe it until I see it. The ball is in their court.
JC
For what it's worth KLON, I don't think Spooz belongs in the category of a scam. I think that things have not gone in any way according to plan and that dilution has been a matter of economic survival for them. But to call it a scam from the onset is, IMO, a stretch. I think that they really believed in what they were trying to do, but just couldn't quite get there. Whatever the factors were are moot at this point. Unfortunately it seems they are on the cusp of running out of steam before they manage to get any traction. If indeed there is something going on with Bloomberg, it may well be the last best hope. KaiTrade is not anything I would personally place too much hope in, because if there were any promise in selling the ST software straight out to end users, it would have made sense to keep it in house. I mean , what can KaiTrade do that Spooz could not have done in trying to sell subscriptions? It will be interesting to see if 141 can manage to report decent trading results. I have held for some time that the best thing Spooz could do, assuming they have a viable product, is work out a licensing or fee sharing deal with a big house. The idea of posting favorable trading results in view of the industry peers is a good one. But if they don't deliver this time, it's probably lights out. In short...I don't think Spooz can go it alone. They need backing and they need it right now. They need to prove to institutional traders that there is some advantage to be had in using Spooz' software. They need to do it ASAP.
JC
Big A, we play the Charlotte St. Patty's parade every year and then play at Cans Bar & Grill after. Come and see us this March.
http://www.grandfathermountainhighlanders.org/
Klon...I'll be inside all weekend for sure. It is FYAO cold up here...-4 at night and up to 10 or 12 by day. The wife works today, so I'll be blasting away on the pipes.
jc
You're welcome
Yep, that's pretty much true. I used to do my stock picking something like this..." Wow, if I by $10K worth at a penny and it goes to a dime, I'll make $90K!". Now I take a different approach. I try to find any possible reason NOT to buy. If something is legitimate, it will surely stand up to scrutiny.
Not so much smart as burned several times in the past. Until they are making money with a product, they make it with dilution. They have no real choice. So don't buy until they are making money. You would think I would have figured that out the first time...LOL (But I did figure it out after a while!)
Only if they report an income for a quarter or two.
I have followed Spooz from the beginning and was equally cautious. You can search my posts way back. I said from the beginning that patience is in order to see if they amount to anything. The jury is still out. I am still just a curious observer. I believe those posts might have been on the RB forum.
Any time.