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Short Interest for August 2007
Short
Interest 273,455
Percent
Change 8,954.80
Average Daily
Share Volume 2,233,737
Days to
Cover 1.00
i dont think there is a large short interest, there is only one day to cover. it has gone up though. I don't think the average investor is short in this stock because firms will not let you borrow these shares to sell. You can't unless you are a market maker.
On April 9, 2007, the Company received a conversion notice from Cornell Capital requesting the conversion of a quarter (1/4) of a Series A Convertible Preferred Share, or the sum of $2,508, representing the conversion under the terms of the Certificate of Designation dated February 28, 2006, into 1,929,046 shares of its restricted common stock at a conversion price of $0.00130 per share. Since these shares were the result of a September 30, 2004 funding by Cornell Capital, they were deemed to be 144k eligible for conversion to free trading shares.
On April 12, 2007, the Company received a conversion notice from Cornell Capital requesting the conversion of a quarter (1/4) of a Series A Convertible Preferred Share, or the sum of $2,508, representing the conversion under the terms of the Certificate of Designation dated February 28, 2006, into 1,929,046 shares of its restricted common stock at a conversion price of $0.00130 per share. Since these shares were the result of a September 30, 2004 funding by Cornell Capital, they were deemed to be 144k eligible for conversion to free trading shares.
On April 27, 2007, the Company received a conversion notice from Cornell Capital requesting the conversion of a quarter (1/4) of a Series A Convertible Preferred Share, or the sum of $2,508, representing the conversion under the terms of the Certificate of Designation dated February 28, 2006, into 1,929,046 shares of its restricted common stock at a conversion price of $0.00130 per share. Since these shares were the result of a September 30, 2004 funding by Cornell Capital, they were deemed to be 144k eligible for conversion to free trading shares.
On May 4, 2007, the Company received a conversion notice from Cornell Capital requesting the conversion of a quarter (1/4) of a Series A Convertible Preferred Share, or the sum of $2,508, representing the conversion under the terms of the Certificate of Designation dated February 28, 2006, into 2,507,760 shares of its restricted common stock at a conversion price of $0.00100 per share. Since these shares were the result of a September 30, 2004 funding by Cornell Capital, they were deemed to be 144k eligible for conversion to free trading shares.
On May 9, 2007, the Company received a conversion notice from Cornell Capital requesting the conversion of a quarter (1/4) of a Series A Convertible Preferred Share, or the sum of $2,508, representing the conversion under the terms of the Certificate of Designation dated February 28, 2006, into 2,507,760 shares of its restricted common stock at a conversion price of $0.00100 per share. Since these shares were the result of a September 30, 2004 funding by Cornell Capital, they were deemed to be 144k eligible for conversion to free trading shares.
On May 14, 2007, the Company received a conversion notice from Cornell Capital requesting the conversion of a quarter (1/4) of a Series A Convertible Preferred Share, or the sum of $2,508, representing the conversion under the terms of the Certificate of Designation dated February 28, 2006, into 2,507,760 shares of its restricted common stock at a conversion price of $0.00100 per share. Since these shares were the result of a September 30, 2004 funding by Cornell Capital, they were deemed to be 144k eligible for conversion to free trading shares.
On May 17, 2007, the Company received a conversion notice from Cornell Capital requesting the conversion of a quarter (1/4) of a Series A Convertible Preferred Share, or the sum of $2,508, representing the conversion under the terms of the Certificate of Designation dated February 28, 2006, into 2,507,760 shares of its restricted common stock at a conversion price of $0.00100 per share. Since these shares were the result of a September 30, 2004 funding by Cornell Capital, they were deemed to be 144k eligible for conversion to free trading shares.
On May 25, 2007, the Company received a conversion notice from Cornell Capital requesting the conversion of a quarter (1/4) of a Series A Convertible Preferred Share, or the sum of $2,508, representing the conversion under the terms of the Certificate of Designation dated February 28, 2006, into 2,507,760 shares of its restricted common stock at a conversion price of $0.00100 per share. Since these shares were the result of a September 30, 2004 funding by Cornell Capital, they were deemed to be 144k eligible for conversion to free trading shares.
On June 6, 2007, the Company received a conversion notice from Cornell Capital requesting the conversion of a quarter (1/4) of a Series A Convertible Preferred Share, or the sum of $2,508, representing the conversion under the terms of the Certificate of Designation dated February 28, 2006, into 2,639,747 shares of its restricted common stock at a conversion price of $0.00095 per share. Since these shares were the result of a September 30, 2004 funding by Cornell Capital, they were deemed to be 144k eligible for conversion to free trading shares.
On June 11, 2007, the Company received a conversion notice from Cornell Capital requesting the conversion of a quarter (1/4) of a Series A Convertible Preferred Share, or the sum of $2,508, representing the conversion under the terms of the Certificate of Designation dated February 28, 2006, into 3,299,684 shares of its restricted common stock at a conversion price of $0.00076 per share. Since these shares were the result of a September 30, 2004 funding by Cornell Capital, they were deemed to be 144k eligible for conversion to free trading shares.
10 quarters here guys. that is only 2.5 preferred shares. only 157.5 more to go or 630 quarters. Does not look good guys, too much dilution is taking place. It needs to change, and as the share price gets lower and lower more shares get converted each quater preferred share.
On September 30, 2004, the Company entered into a $50 million 2004 Standby Equity Distribution Agreement with Cornell Capital. This agreement was terminated on July 20, 2005 and the Company entered into a new 2005 Standby Equity Distribution Agreement with Cornell Capital on July 21, 2005. The 2005 Standby Equity Distribution Agreement provides, generally, that Cornell Capital will purchase up to $50 million of common stock over a two-year period, with the time and amount of such purchases, if any, at the Company’s discretion. Cornell Capital will purchase the shares at a 4% discount to the prevailing market price of the common stock. There are certain conditions applicable to the Company’s ability to draw down on the 2005 Standby Equity Distribution Agreement including the filing and effectiveness of a registration statement covering the resale of all shares of common stock that may be issued to Cornell Capital under the 2005 Standby Equity Distribution Agreement and the Company’s adherence with certain covenants. The 2005 Standby Equity Distribution Agreement was terminated on February 28, 2006 pursuant to an Investment Agreement by and between the Company and Cornell Capital and Montgomery Equity for the purchase of 160 Series A Preferred Shares.
this says that the equity agreement was terminated in 2006, how is the dilution still taking place? Is Cornell and Montgomery converting the 160 series A preferred to common stock? If so how many shares do they have to possibly convert?
oh yeah, i think you are right, thanks!! I hope it works out for everyone and makes us some money.
except for the people who have no position and might think it is going down
no one can short this stock. Only market makers can short it. So i am sure everyone is long in here
thanks, that is very informative, i appreciate all the knowledge i can get.
dang lol...i was hoping
sorry i couldn't mention this earlier guys, I don't have the web at home and i can't get on at work, it is blocked because of the chatting. But on Thursday, i was watching the level 2 quotes when the little run was going on and the action, and i saw three trades, each getting progressively higher. But the number was 911 shares. This happened three times. It really makes me wonder if that means anything. Why would three separate trades go through with only 911 shares. I don't know if that is a code for the market makers or what, maybe to cover or something. But look back at the trades on Thursday and see the 911 trades. Maybe someone will know what it means?
I don't know if this is true, but look at the last big run, there was a day of volume right around the 20 million mark like today, o we my be close to another big run again if the same pattern partakes again. Who knows, trying to think positive.
I don't think going to a bid of .0001 and an ask of .0002 is bad at all. I have a theory that the market makers run it down so they can cover their shorts, and then they run it back up. This is the bottom and it could be the case. There were a ton of market makers at an ask of 3 and a bid of 2 and then one day they just all dropped to the 2 and 1. You have to wonder what is up with that. Plus, there really is not any dilution going on here so I don't think we have to worry. Stay patient and buy some more. If it goes to a revers split, then sell and get out. I would like to buy some more shares. Everything will be alright.
yeah i agree totally, It means there is no selling taking place or dilution from the company. This stock will have to run sooner or later. It has a very small float around 100 million now i am assuming since the last report from someone here was around 90 million. We have all seen companies run up with floats well above that. So if you don't want to take your loses just be patient for the next run. It could happen anytime.
yeah, looks like lots of selling going on today guys, I don't know what to think here
10k is what i meant, did anyone read the 10k? what do you guys think, I didn't think it looked to promising
ariel way put out its 1ok. Does anyone know what trades with a "Z" next to it mean on the otcbb web site for Ariel Way. Is that after hours?
i hate to break it to ya, but r/s are terrible at this point with a stock like this.
yeah, i meant volume lol, my bad
does anyone know how to tell who made the trades, like which market maker was in on the trades, two 5 million dollar trades guys on back to back days. Someone is preparing for something, I really do think so.
plus, i think they bought the 5 million shares
just thought I would mention this, ARCA jumped on the bid at .0002 for 999900 shares. That is the first time I have seen them that high with the bid and you have to wonder if something might be up.
AWYI just shot up again, up 93%, take a look guys and gals, small float, this could run to a penny within the next two days
AWYI up 60%, spread small, .0024 and .0025
that looks good, keep that spread CLOSE!!!
take a look at AWYI, has potential traders
well you don't need sellers, only market makers to sell, I can't believe they did not sell you shares. They could have shorted them to you or anything, I think that is very strange that would not sell you shares.
so you have had a buy in at the ask price and not received the trade, that is strange?
Very cute, who sells 200 shares of a sub penny stock??? that is a couple cents
have you called jon rutty yet, ADBN CEO?
yeah, i was thinking about that too, averaging down would be easier with a lower price. This thing will run high again sometime, look at the chart, it bounces all over.
just because a trade goes through the bid, it does not mean someone is buying at the bid. You need to rememeber that trades always go though the dealer. A trade at the bid is the investor selling their shares to the dealer, and the trades at the ask are investors buying shares from the dealer. That is why there is a spread, the dealer makes money off of trades going through, buying and selling shares to investors.
Bid is the most a market maker is willing to pay for a share.
Ask is the cheapest the investor can buy a share from the dealers or market makers.
I use dealer and market maker as the same thing
why do you think that?
yeah, that was the bid, you can't buy at the bid
Get in AWYI, real small spread now, bid support building
yeah, spread down now, a little run could turn huge with the small float
looking good guys
AWYI climbing, just sold shares at .0023, up 21%. Lot of volume
AWYI BUY BUY BUY
we need some more buying, it is starting to run, ask up to 25
AWYI might be running again, the littlest buying pressure sends it up, if we keep buying it, we will be at the .005s soon
i guess we will be in this for a while if we decided not to sell earlier, it is going way down, we will have to wait for news or another amazing run.