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"I will continue my current path until there's credibility from globetel that convinces me otherwise just as you will continue to pump hoping by some miracle you will regain that which you've lost investing in this company."
It amazes me to see how important Globetel is to you, that you must waste so much of your time discussing the way they do business. It's good to know you care though...
Decided to buy back in today too. Sold most after hitting above the $1.00 mark and almost doubled my shares from my previous sell.
Now let's see if we can get it to go back up.
Gap to fill?
GNBT... http://stockcharts.com/h-sc/ui?s=gnbt&p=D&yr=0&mn=3&dy=0&id=p99381782665
YEEEEEHAWWWWWW!
Great... Why do I get the feeling their plan is going to back fire? I am soooo sick of the US stock markets and these bastard manipulators.
http://www.thesanitycheck.com/Blogs/BudBurrellsBlog/tabid/84/EntryID/482/Default.aspx
Naked Shorting and Fails Around the World, US Embarrassed Again
Location: Blogs Bud Burrell - Front and Center
Posted by: bburrell 10/13/2006 1:46 PM
Japan has announced it is going to Straight Through Processing, and India is doing the same, moving to T+0 shortly. Now it is reported by reliable sources that markets in Europe are shutting down all new naked shorting, and related fails, and forcing gradual liquidation of existing fails.
A company I work with is filing an application for listing on the Offex in London. That Company has been informed that the Offex (similar to our Pink Sheets here) will not permit naked shorting, nor allow fails to deliver.
The AIM market in London is adopting the same rules according to this source, linked to a study began in 2001 by the FSA. The UK has adopted these rules across the board.
Germany has moved to stop all new naked shorting on its exchanges, and is forcing a gradual workout of existing fails.
Switzerland has enforced three day settlement for years without wavering. They don't look very stupid right now.
India's SEBI rejected the DTCC model for its custody system, and permits neither naked shorting nor fails.
Japan's JASDEC has announced it is moving to straight through processing.
So the US and its markets' and regulators' positions on these matters are being roundly rejected globally.
I said some months ago the issue is no longer in doubt. Either the US fixes this horse manure here, or they will not be able to trade in other global environments.
The line forms at the left for the rotten vegetables to be thrown at our pigs. We can always hope they will try to seek retribution against those opposing them. I would personally welcome such an event as a "Retirement Moment", one I can live on and enjoy till I die.
http://www.thesanitycheck.com/Blogs/BudBurrellsBlog/tabid/84/EntryID/482/Default.aspx
Naked Shorting and Fails Around the World, US Embarrassed Again
Location: Blogs Bud Burrell - Front and Center
Posted by: bburrell 10/13/2006 1:46 PM
Japan has announced it is going to Straight Through Processing, and India is doing the same, moving to T+0 shortly. Now it is reported by reliable sources that markets in Europe are shutting down all new naked shorting, and related fails, and forcing gradual liquidation of existing fails.
A company I work with is filing an application for listing on the Offex in London. That Company has been informed that the Offex (similar to our Pink Sheets here) will not permit naked shorting, nor allow fails to deliver.
The AIM market in London is adopting the same rules according to this source, linked to a study began in 2001 by the FSA. The UK has adopted these rules across the board.
Germany has moved to stop all new naked shorting on its exchanges, and is forcing a gradual workout of existing fails.
Switzerland has enforced three day settlement for years without wavering. They don't look very stupid right now.
India's SEBI rejected the DTCC model for its custody system, and permits neither naked shorting nor fails.
Japan's JASDEC has announced it is moving to straight through processing.
So the US and its markets' and regulators' positions on these matters are being roundly rejected globally.
I said some months ago the issue is no longer in doubt. Either the US fixes this horse manure here, or they will not be able to trade in other global environments.
The line forms at the left for the rotten vegetables to be thrown at our pigs. We can always hope they will try to seek retribution against those opposing them. I would personally welcome such an event as a "Retirement Moment", one I can live on and enjoy till I die.
Too bad he can't delete his brain.
You can call it what you want, but IMO, the AMEX is a nightmare and a fraud. Your spin would probably be considered overly promotional anyway.
How is it that they can hold any company to any standard when they completely ignore or refuse to hold their own exchange accountable? AMEX has continuously failed our country and its investors by allowing organized corruption to get out of control. Amex is ripping us off and that is all there is to it.
F- the AMEX. As far as I'm concerned they don't deserve to have the word American in their title. My grandfather died for a different America, not for this shit.
Shhhhhh... ;)
That's funny... Me too.
http://www.elliscreation.com/myspace/Don'tCareBear.jpg
And you care... Why?
Anything is possible. What they're selling is a tool for product development. We have to remember that we already have a product / device that can easily be upgradeable and adjusted to meet the demands of the customer.
If customers demand a certain feature, I’m sure we’ll be looking for the solution. This is what I liked about the CT from the beginning.
Still looking into it, but it looks to be just another fancy GPS chipset. In other words, it's a combination or processor type devices that allow for product development.
You have to remember that our unit has unlimited potential as a mobile through put device along with GPS capabilities. You're thinking bad news when in all actuality we could probably build our own device using their processor.
If there’s a way to compare the 2, It’s sort of like comparing their mustard to our hamburger.
Thanks.
Hey gold100,
How did you get the chart to show only a specific time frame? Thanks in advance.
One last article and comment on PGWC. This was posted by Seth on August 24th and here is the chart as influenced by the article.
http://stockcharts.com/h-sc/ui?s=pgwc&p=D&yr=0&mn=3&dy=0&id=p99381782665
Don't Bet on This Horse
By Seth Jayson (TMF Bent)
August 24, 2006
Foolishness first
My Fool colleague Brendan Matthews has had a few unflattering words for Pegasus Wireless (Nasdaq: PGWC) and its acting chief Jasper Knabb. He has already pointed out that among Knabb's most notable past accomplishments are large spikes in share price, followed by collapses. He also noted that Pegasus' valuation is way too high, considering its financial prospects.
Last week, he noted that Knabb had come up with a novel way to try and foment a short squeeze. While Brendan called it an innovative move, I've got another way to describe it:
Gimmicky. Manipulative. Pathetic. Cowardly. Oh, and let's add, "Doomed to failure."
There is, after all, some pretty compelling research that shows that companies that try and fight the shorts through market manipulation don't see the stock rise. But that doesn't seem to matter to Knabb. On Tuesday, he once again tried to stir the coals.
Now, Brendan concluded his article by saying he sure wouldn't want to be short Pegasus. That's where he and I part ways even more drastically. I would love to be short this company, precisely because the CEO is so focused on these kinds of non-issues. (Alas, my brokers have never been able to find shares.) I think Knabb is a self-promotional huckster, and to me, his latest behavior is proof-positive that Pegasus is doomed under his leadership.
Here's why.
A quick review
In case you need to catch up, Pegasus is one of those presto-chango companies that has gone through several costume changes in only half a decade. It is, ostensibly, a provider of wireless networking gear -- the kind of stuff you can get from Cisco's (Nasdaq: CSCO) Linksys, D-Link, Netgear (Nasdaq: NTGR), and many others. Even Microsoft (Nasdaq: MSFT) hawks a line of routers.
It was originally a Nevada software company, founded in 2000, and when that didn't work out, it went dormant in December 2001. After that, it acquired a Swiss water-treatment outfit and became Blue Industries in April 2002, allegedy marketing a chemical-free water-treatment process. That worked so well that, by December 2003, it went inactive yet again, following the bankruptcy of its French subsidiary, blamed on a bizarre burglary. In May, 2005, the shell changed its name to Pegasus Wireless and acquired a company called OTC Wireless, a company where Knabb was previously a managing director.
Knabb's knack
In Pegasus' filings, of course, Knabb is portrayed as a successful tech businessman, but I think the record of his last publicly traded enterprise, Wireless Frontier Internet, proves otherwise. At this company, 80% owned by a Hong Kong firm called "Million Treasure Enterprises," Knabb was president and director. This chart might give you an inkling of Knabb's knack for creating shareholder value there. The story at Wireless Frontier was rolling up rural Internet service providers. The company bought more than a dozen of them. But what rolled up for shareholders, mostly, were losses.
But not before the stock soared, helped along (I have no doubt) by the usual types of penny-stock pumps. (The latter, by the way, looks like it came from a Florida stock tout who had already been nailed by the SEC for fraudulently promoting a stock, working directly with the president of the company.)
I've seen nothing to indicate Knabb had any direct relationship to any of this paid touting -- although believe me, I'm continuing to dig. But then, Knabb did plenty of PR of his own, such as proclaiming his company to be "quickly emerging as the leading resource of wireless broadband Internet," touting Wireless Frontier's application to list on the Amex, and splitting the sub-two-dollar stock in early 2004.
But in reality, Wireless Frontier was not really doing so hot. Its 10-K from the period shows a balance sheet loaded up with goodwill and a couple years of losses. The cash burn was even less impressive. The 10-Q corresponding directly to the period of Knabb's early 2004 enthusiasm shows a widening loss. The stock kept cratering, and by October, only half a year after the (in)glorious run-up, Knabb had resigned. In December 2004, the troubled company agreed to acquire Knabb's former employer, OTC Wireless, but the deal was later scuttled.
Shortly thereafter, the firm seems to have stopped filing financial reports with the SEC, except for the occasional late notice and 8-K, the last of which shows it so hard up that the the CFO resigned to save money. In August 2005, judgments were being entered against the firm, resulting in forced auction of assets.
So let's put that into the "abject failure" column, should we? Now, we're supposed to believe he'll pilot Pegasus to great heights? When he's focused on ancillary issues like sticking it to short sellers? Yeah, I don't think so, either. But let's move on. There's more to see.
Heh...
Here is a description of how PGWC tried to defend itself against short selling. About one week later, it dropped like you wouldn't believe.
Here's the chart
http://stockcharts.com/h-sc/ui?s=pgwc&p=D&yr=0&mn=3&dy=0&id=p99381782665
Motley Fool
Pegasus Squeezes the Shorts
Friday August 18, 1:50 pm ET
By Brendan Mathews
Pegasus Wireless (Nasdaq: PGWC - News) is going after the short sellers. Though a very shrewd maneuver, management has put shorts in a very awkward position.
On August 4th, the company announced a special "property dividend," which amounts to a common stock purchase warrant at a strike price of $8 for every ten shares of Pegasus Wireless common stock owned. The catch is that only registered shareholders are eligible to receive the warrant. Investors holding shares with their brokerage in the "Street Name" will not receive the warrants.
Investors who wanted to receive the free warrant needed to call their broker and ensure that their shares were listed under the investor's name, not the brokerage's name. Why is management doing this? Probably because once shares are put in the name of the individual investor, those shares cannot be lent out to short sellers. The effect is that the pool of shares to borrow for short selling will approach zero, and if a brokerage has already lent out shares, there is a good chance those shares will need to be recalled, forcing short sellers to cover at market prices.
Over five million shares have been sold short, and the average daily trading volume is under 500,000. The deadline for brokers to report beneficial shareholders to Pegasus' transfer agent is August 28. Assuming that all investors sign up to receive their free warrants, all those shorts will need to be covered in less than seven trading days. This stock is primed for a short squeeze!
To add fuel to the fire, the company put out a press release quoting CEO Jasper Knabb: "We at Pegasus fully intend to assist our shareholders in holding any broker/dealer that does not comply with the dividend rule liable for failure to deliver the warrants." In other words, Knabb is making it abundantly clear to brokers that if they don't get Pegasus shares away from the shorts, there may be legal action.
I must credit the management team for this brilliant and inventive ploy to boost the stock. I have never heard of another company doing this -- not even Overstock.com (Nasdaq: OSTK - News), which is famously engaged in a battle with naked shorts. Although I still believe that the stock of Pegasus is over-valued and over-hyped based on the fundamental value of the business, I wouldn't want to have a short position at this point.
Overstock.com is a former Rule Breakers and Hidden Gems recommendation.
Fool contributor Brendan Mathews welcomes your feedback. He does not have a position in Pegasus Wireless or any other stock mentioned in this article. The Motley Fool has a strict disclosure policy.
Care to add 1+1?
PGWC once traded at $18 on the NASDAQ and now trade at about $1.00. Regardless of the way they run their business, you can't help but see that the Motley Fool had a very large influence on their stock price. People need to realize that companies in America are being threatened by a corrupted influence and that the freedom of the press and the stock market don't mix!
IMO, these freedoms are being abused and could potentially ruin the way we post our opinions. Freedom or corruption? It's right in front of our faces in black and white. The fool must go!
This couldn't have been timed any better! Thanks for posting that!
Here are the links which I hate to post, but this only adds fuel to my argument. PGWC is the company under attack by the fool in this newest set of events. I'll add that GTE was also mentioned in the same commentary titled "Be the Sith Lord
at Motley Fool" on (Thu, Sep 21).
Also, Yahoo is where the articles meet the retail investor. I no longer use Yahoo as a result.
http://www.fool.com/news/commentary/2006/commentary06092104.htm?source=eptyholnk303100&logvisit=....
http://biz.yahoo.com/fool/060914/115826073814.html?.v=2
http://www.fool.com/news/commentary/2006/commentary06090612.htm?source=eptyholnk303100&logvisit=....
http://www.fool.com/news/commentary/2006/commentary06083012.htm?source=eptyholnk303100&logvisit=....
http://www.fool.com/news/commentary/2006/commentary06082418.htm?source=eptyholnk303100&logvisit=....
http://biz.yahoo.com/fool/060818/115592345910.html?.v=1
A conspiracy of smiles
Under ideal circumstances, a market price for a stock will reflect the sum total of information and sentiment on that stock. But if analysts lay off a stock because it means fewer holiday-party invites to the Hamptons, there's an information imbalance. If critics clam up because a raging, lawsuit-happy CEO like Overstock.com's (Nasdaq: OSTK) Patrick Byrne comes gunning for them as tools of the miscreant "Sith Lord," there's a further chilling effect.
If a CEO tries to prop up the stock via manipulative means, as with the warrant scheme or (recently recanted) insider "buying" at Pegasus Wireless (Nasdaq: PGWC), there's another market imbalance.
Finally, securities regulations, brokerage policies, and the demand for short shares also conspire to keep prices too high, especially on companies that need shorting in the worst way. For instance, I, and many of my colleagues, would love to have been able to short Overstock or Pegasus 50-odd percent ago. But borrows were in short supply. My broker couldn't get them at all, and if it could, I'd have been asked to pony up a hefty rebate just to take the position.
Clearly, charging a higher-than-market rate for the opportunity to short stocks (rather than buy) reduces the downward pressure on a stock, which is just another way of saying the share price remains overinflated. That's just how the system works.
It ain't easy being a Sith Lord.
Until now.
There's not much we can do to change the way the market conspires to fluff up the prices of lousy companies, but there is a new way to capture bearish sentiment on stocks. It's a system we call Motley Fool CAPS.
OT.
LOL! I'm more concerned with the old chlorine leaks!
Actually, I'm still a further ways south from the old pepcon blast. I remember it though. It's something you'll never forget if you were anywhere around Vegas at the time.
OT.
Cool! We got this one almost paid off and looking to buy another after the market corrects a little bit more. I'm anticipating a flood from all the interest only loans out there. Once the loans require principal payments and the people can no longer afford them, I'll be waiting for a bargain.
We got in this one for $112,000 and my last appraisal was $410,000. It was about $470,000 during its prime. Not bad for about 10 years. We would have sold, but I need to stay in the Vegas area.
Funny, you mentioned the stucco. Been looking to upgrade to the stone veneers. LOL!
The problem was that you complained. No one likes a whiner. Maybe you should try a different approach?
For instance... Man, look at that luscious horse ass! Wow! Baby got back! GO HISC!
You see? NO DELETIONS! ;)
Just east of Green Valley off the 215 close to Gibson. 1984 eh? Yeah... I remember those days. Been in Hedertucky now for about 10 years. The growth has been amazing! All I can say is that even with the softer real estate market; we made a killing on the house.
We still do steak and eggs at the Fiesta for $1.99, but it's no prime rib.
MM's playing and they want more. Why do you care?
I got your point, just mentioned that I'm already in. I'm about as loaded as I'm going to get on both, but a serious volume increase in NDOL could change my mind. So to answer your question... It depends.
Got em both.
Bad word?
Genesis 22:5
And Abraham said unto his young men, Abide ye here with the ass; and I and the lad will go yonder and worship, and come again to you.
Actually, he shares a lot of what he's learned. I'm sure it was a lesson he learned the hard way, but at least he's honest and willing to share for the few that tend to forget. I thought the post was interesting and worth the read. I’ll be riding free after tomorrow and will hold those hopefully past .40, but at least I won’t lose money here.
By the way... The majority of the greed comes from the mm's. Don't you find it interesting that the volume surge occurred 3 business days ago and just today retail gets to find out why? Either way... The market isn't here for us and is definitely in need of a serious overhaul.
Thank you, thank you.
Hey starboy, can you change your AURC 3 month chart to the 6 month? Will start riding free here pretty soon.
Congratulations!
http://www.maylin.net/Fireworks.html
heh...
"#2. This dashes some proffered hopes on this board of immenent contracts or partnerships with...the likes of Raytheon, Military, or big contract with upfront funds..period."
Disagree.
Might want to ask your broker that question.
Actually the house usually gives a percentage back to keep the customers coming back for more. Unfortunatey, the commision here at the AMEX NY are not letting us run our own resort. They're too busy beating up our customers and taking all of their money. How about letting us give out some free buffets at least? ;)
This is still by far one of the best boards out there. Regardless of whether you agree or disagree with the content it is still related to GTE about 80% of the time. I could care less about some of the posters, but I have the freedom to ignore them. It's just a click away.
The moderators are doing the best they can.