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HEB movin on volume, large amount of shorts in this
I emailed company yesterday and asked about when news will come out about acquisitions or any other company developments and also the sad state of their share price and here is their response:
"We are also very disappointed at the sad state of our stock price. But we hope that with positive news we will turn around and a possible buying opportunity. Unfortunately we are not allowed to disclose any timeframes"
VIPR Industries Inc.
me thinks imo we are at bottom at .0019
Your welcome, have a good day
Salty Pepper, it is on the Mffais website (Mutual Fund Facts About Individual Stocks)
http://www.mffais.com/anpi.html
STBP chart please...thanks in advance
the float was raised (diluted) to about 30 mil. when this this was at .005 a few months ago...i had got a email from the IR. Not much volume since then until the last few days. My guess is that the float in 40 mil+ now imo. Not to bad for an almost profitable company. But only CEO Sorkin will know how much he will "continue" to dilute.
Good point u made…someone should inform me100 to let them in the know to get us a transfer agent soon. This hopefully will be a great Christmas Gift for us all!
So lifegear u happy with Scottrade…just heard in the past that they are bad at putting up online restrictions for buying certain stocks, any thoughts? thanks
“worthless/non-transferable” is stated on my Choicetrade monthly statement for STBP. Does STBP have an active transfer agent? It has not sold to worthless like another stock I was in (TUIC). But I’m concerned that, if there is a large short in this stock then it might have the same fate as some other stocks out there, for anyone that uses brokers with Penson connections. If that happens I’ll have to pay $30 a month to keep STBP in my account. Here is an email I got regarding that other stock…
Dear Sir,
Our clearing firm has written off the stock as worthless. This is because, according to the DTC there is no transfer agent. If you feel that this stock should not be deemed worthless, you will have to provide us with the company's transfer agent, so that DTC may research. We can place the stock back in your account, but be advised that there is a monthly fee of $30.00 to hold the worthless stock in your account.
Thank You
Regards,
ChoiceTrade Client Services
“Sell to worthless” got an email back from Choicetrade…sidedraft you are not alone…Choicetrade sold my TUIC to worthless also. This is going to be hard to use Choicetrade (Penson) to buy any other bankrupt companies in the future. I believe that if a stock is trading, regardless if it has a transfer agent or not, I should be able, as a trader, to buy or sell when I want. This seems very fishy and wrong on their part.
Dear Sir,
Our clearing firm has written off the stock as worthless. This is because, according to the DTC there is no transfer agent. If you feel that this stock should not be deemed worthless, you will have to provide us with the company's transfer agent, so that DTC may research. We can place the stock back in your account, but be advised that there is a monthly fee of $30.00 to hold the worthless stock in your account.
Thank You
Regards,
ChoiceTrade Client Services
Lifegear is this what u are looking for...
http://www.bankingtimes.co.uk/10012008-southeast-banking-corp-to-be-rescued/
the Miami herald news story seems to be expired through their website.
http://www.miamiherald.com/business/story/373514.html
I saved it though:
Investment bank eyes Southeast Banking
An unnamed investment bank is preparing to make a huge investment in Southeast Banking Corp., and holders of the old bonds and stock will get shares in the new company.
By Patrick Danner
A New York investment bank plans to invest more than $1.5 billion in Southeast Banking Corp., the storied Miami financial institution that has been mired in bankruptcy for more than 16 years.
The investment bank hasn't been identified, but Southeast's bankruptcy trustee on Wednesday disclosed that the deal contemplates a reorganized Southeast returning to business, although not as a bank.
Southeast no longer has a charter to operate a bank, but it also had other financial-service businesses, including investments and insurance.
The reorganized Southeast is expected to use the proceeds to ''make a number of fixed income investments,'' according to a website with information on the bankruptcy proceedings.
Current owners of Southeast stock and bonds will be issued new stock.
Trustee Jeffrey H. Beck declined a request for an interview.
Southeast filed for bankruptcy in 1991 after the federal government seized its principal banking subsidiary, Southeast Bank.
The bank was reeling from a recession and real estate collapse, but many believe the government acted too hastily.
Most of the bank's assets were sold to what is now known as Wachovia.
GLIMMER OF HOPE
Over the years, trustees have been selling Southeast assets to pay creditors, but last year, the possibility of an outside investment emerged.
In anticipation of a deal, Southeast's bankruptcy case in September was converted from a Chapter 7 liquidation to a Chapter 11 reorganization.
What may make Southeast attractive currently is its $800 million in ''loss carry-forwards'' -- an accounting technique that allows a company to apply past losses to future profits in order to reduce its income taxes.
Harvey Tauman, a Boca Raton entrepreneur, said he bought Southeast shares for a penny or less each figuring some value could be salvaged in the bankruptcy. He was ''thrilled'' with Wednesday's development.
''A thing like this can be made into something extremely valuable,'' Tauman said.
TIME FRAME
The investment bank aims to complete the transaction early this year, as soon as some legal issues are resolved, according to the website. Representatives for Southeast's bondholders, stockholders and other creditors are expected to be involved in negotiations.
Additional aspects of the deal were outlined by Beck on the website, sebcglobalsettlement.com:
As part of the deal, new stock will be issued. The investment bank will get preferred stock and common stock.
Its stake will represent about 22.5 percent of the new common stock.
Owners of existing preferred and common stock will get 52.5 percent of the new common stock, expected to be worth $10.9 million after five years. Bondholders and other creditors will get the remaining 25 percent, expected to be worth $5.2 million.
'JUNIOR' SHARES
They also stand to receive ''junior preferred shares'' that will entitle them to $7.5 million over five years.
Trading of the common shares, however, likely will be restricted for five years.
''We're working very closely with the investor and we're trying to move diligently and prudently along with them,'' according to Mark D. Bloom, a Miami lawyer representing the trustee.
PVNC looks like ascending triangle has formed...should be getting an update on the merger soon. Penny_TA your thoughts? Also CMTN should be a good one for us soon, thanks for alerting me to this company, much appreciated!
anyone know if we should be getting on the Regulation Sho list soon? thanks
where are the mm's SBSH and UBSS...they were two of the big shorters...u would think they would get their butt in here on the bid soon
haven't seen it on daily list but seen it on pinksheets website today...tried looking yesterday but wouldn't let you see the current day only the days before...sure low volume...calm before the storm
HVLN listed
http://www.pinksheets.com/marketactivity/getstats?action=daily_listing_venue_change4
http://www.pinksheets.com/marketactivity/venue_changes.jsp
To Buckey or anyone: how and why does a trade go missing…I’m not used to seeing trades in the last sale column that are deleted later. Is this something that happens with other stocks or just with HVLN. Also does anyone know of other gray sheets stocks that have held around the 50% pullback area. Thanks
I believe that once we get on pinks, the chat rooms, messages boards, blogs, etc. will be be chattin about this big time; and some big time players will move into this. $1 a share shouldn’t be too much of a resistance…this could be one mother of a short squeeze…just remember 7mil-14mil+ need to be covered in a 2.8 mil float. And if anyone thinks the covering is over then why was there big volume on Thurday and Friday…only two reasons I can think of why anyone would buy a block of shares at .35 (20k shares is $7,000) 1. that someone has inside info of a great short squeeze ahead and are buying, or 2. that the market makers or whoever shorted see that this is going back on the pinks soon and are smart and are covering some, from some of the “happy to see .35 again” traders. Everyone is free to choose their own exit point…I just know that if I were to sell at .35, it would have been way back when it was on the pinks last Oct. not now….i am holding for the run. If the shorts are starting to cover, the .35 wall of resistance will fall when people stop selling and raise their gtc orders. If good strong volume continues this week I would think we see above .35
Take care and good luck to all longs
Nice analogy from “the price is right” LSUTrader, imo that “top” for HVLN should not be around $1, or anything under that. Within 60-90 days I would think we should be on the pinks, given how long it takes to get the 15c211 completed. (3-6month wait period) If anyone lets their emotions of frustration get the best of them, remind yourselves that we are hear for the short squeeze and that we longs control the float. I believe that 7 mil short is a very conservative number…if the dividend works out then it is at least 14 mil short, which would have to cover with a 2.8 mil float! Definitely this doesn’t happen everyday, and we are in a very unique situation. Just me adding up the shares what a few people that I know own, shows me the eye opening possibilities that awaits us…for the ones that have patience. My question to anyone here is…isn’t there a rule that once we begin trading that the shorts will have to cover within so many days?
I’m holdin...to see how this plays out…to me we are only one good news release away from heading to fair value. There must be a good reason why Leighton can not address why they did the reverse split yet. Leighton told me there are “no company tricks.” I’m going to take his word for it. I’m slowly adding to my position… slowly is an understatement…got filled for 1 share today so far between the spread lol take care and good luck everyone
Agree Mike2112…Leighton, imo is a smart man and sees the bigger picture on what lies ahead. As the for the MM’s…their eyes are bad and need new glasses…if fair value is $250 a share…they put the decimal point in the wrong place 2.50 lol
In my email to them I asked how many were restricted in the 200k os and Leighton said 100k. I had asked what the float was also and he didn't answer that.
A possible hidden gem in one of their portfolio companies, through Vertical Productions Inc., is there joint venture with a China company, Henan Qingan Chemical Co, Ltd.
This is their website:
http://www.qinganchem.com/indexe.asp
Vertical Productions Inc.
Global Developments is engaged in a joint venture opportunity with the Henan Qingan Chemical Co. Ltd, the second largest plasticer and third largest producer of Phthalic Anhydride (PA) in China. PA is the raw material for 80% of the placticizers consumed in the China. The Company sells all of its products to the People’s Republic of China, a $5.5 billion yearly PA market, estimated to grow at a much faster pace than the rest of the world.
The arrangement involves the construction of a second plant in the Zhapu Petrochemical Park, Qingan, Zhejian Province and construction of a 30,000-ton shipping dock and 200,000 cubic meter storage tank zone and warehouse facilities at the newly constructed 146-acre deep-sea port facility, the Zhapu Port. Global will have access to a large chemical shipping dock for exporting products to other global markets. Chemical shipping facilities are hard to secure in China and will be a very valuable asset for Global in the future.
http://www.globaldevelopmentsinc.com/portfolio_companies.html
100,000 shares are restricted in the 200k o/s, is what I got from the company in an email. It sure would be nice to know what the float really is after u take out managements position, other long time shareholders, etc. Also the email stated that they would be putting out a PR in the very near future on this matter, regarding the share structure. What I am looking forward to hear is why they did the reserve split in the first place.
Thanks LittleBigStocks/Buckey for your alert on this one, it could be a fun ride ahead.
Thanks also to Zanatos, for checking out to see if this was a real company, so many times we don’t know if these pk/ob companies are fake or not.
Buckey I’m in HVLN also and it looks like this ride is getting crazier all the time. Hopefully the next few weeks will be worthwhile to us.
And yes this is my first post…I have been a watcher of IHub for quite awhile, just had to sign up and let u all know about the 100k restricted, best of luck to everyone