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OTC rule change?
I heard this mentioned on the boards... is this the PR that basically means no more dtcc chills unless it's suspended/halted?
Additionally, securities of both U.S. and international
companies will no longer be required to be eligible for deposit
with the Depositary Trust Company (the "DTC"). DTC
provides trade settlement and securities depository services. This rule change, however, will not affect Canadian companies that are listed on the OTCQX, as Canadian companies have been exempted from the DTC eligibility requirement since 2008
http://www.otcmarkets.com/news/otc-market-headline?id=15903523
Hmmm I will poke my head over there when I get the chance :)
So you think Grande is going to take this "conglomerate" as it's been dubbed and do something with it? Did you buy into their "share package" deal? Very interesting indeed... I don't mind getting into these ground level ventures but I have a skeptical foot in the door. Havn't seen anything like this in pennyland.
No problem !
I missed the CWIR train... SREH almost made my call of .0001 from .001 and I warned all of the investors there. Hit the 3s and I loaded a bit just because it was a nice looking bottom and then zoom zoom zoom this year! I have no idea what's going on there but I refuse to go to the board to find out. It's one of those things where if you don't try to buy into their fundamentals you'll do just fine playing off their charts instead :)
ICBT (ICBS Ltd.) is my other big lotto play. Awaiting the 1s... I KNOW it will run HARD when Canwealth Minerals finally gets it's trading symbol for a $1.00 IPO. Canwealth is their subsidiary (60-76% owned, noone knows exactly but it's definitely in that range) and the news will make ICBT skyrocket. pretty sure the float is in the 770mil range, and it's locked pretty tight.
ICBT will be defunct, and probably do an R/S here soon, but if it remains R/S free until Canwealth's symbol (probably April after the 10k is filed) then ICBT will be a 50-100 bagger from 1s-2s. Couple smart people over their trying to hold tight but their are ALOT of greedy bashers trying to get the stock to .0001 so they can reload.
Initial life-inserting volume came in December when the SEC declared Canwealth effective pretty much giving this stock some credibility :)
Can't wait to dedicate actual time to this. Luckily I produce natural speed and can switch back and forth between 3 million things at once and work at the same time haha. Glad I am welcome here :) Hope I can help!
P.S.
If you bought .0002s on my posts last week, good on you :) You've already made money. If not, I would still ONLY buy .0002s but I doubt they're going to be around next week. If you see momo, try getting dumped on @ .0003 but I honestly would NOT reccommend buying anything over that.
It's a lotto because of the huuuuuuuuuuuuuuuuuuuuuuuuuge O/S.... but these plays have been insane and we've seen insane things happen lately. They are affiliated with pretty reputable agencies in New York and I don't think they are going to tarnish their name anytime soon.
The charts back up on stockcharts.com for further analysis and DD. The board is also EXTREMELY active and has been so for as long as I can remember. People have been claiming it to be the shell of the century for the past year, could it be? Not sure. I don't recall any .00005 companies hitting it big but then again I think RIGH was just the same way.
GLTUA :)
ENTI: Quick Down and Dirty DD
First scam company I bought into back in 2010. The Dibiasi brothers owned both ENTI and SREH. ENTI was a shell that just kept getting brought back... and this time Tony's scheme for ENTI was to create "Musicmatch.com" which was actually an awesome idea but he didn't pay anyone for the servers and such and ran off with the cash he made off of diluting the stock to the huge O/S you see now.
SREH never actually did anything, but they did annouce PR's about making apps and such for ENTI.
So ENTI went to the dumps, The dibiasi's made off with millions, and alot of shareholders either sold off for huge losses (me too) or held their bags. One HUGE loser was Carrie Cosner whom had $900,000 invested. So Carrie set to work to bring the company back even without the financials and such that were needed... and within the last 3-4 months she had given possession of the company to a small group who has been acquiring shells and small companies such as ENTI, CWIR, RLAB, APRU, ONCO, and HFBG(Which they decided against and pretty much wanted no part of after their DD).
ENTI shall be sort of the property owner/holder of the rest, which is partially speculated but confirmed by major longs in the company who have been in contact with the new CEO this entire time. a Form 3 was filed for the new CEO in February which is what brought on the major volume, and bought all of the .00005 Conversion sales being sold by MM's, and up to this point now where the bid/ask is .0003/.0004.
The company is definitely turned around and in the right direction. They are MJ related and are also intertwined with al of the above named companies EXCEPT for SREH... which if you look them up they have "suddenly come back to life" and were in the .004s last time I checked from the .0003 I reentered at in December.
Following this company for so long (which I'm thankful for the huge loss I incurred because it helped me discover TA was more reliable that fundamentals in trading) I never thought to reenter a position until the company was taken over. An R/S will occur, but I believe this thing will be out of trips before it does. They are to put out a PR as per the CEO by Mar 5th in which case they will affiliate the company with it's new direction and sector affiliation.
I tried loading 1's on top of my .00005s last week but... End of Week all of that volume you see on friday is 3's and 4's from the 2s and 3's it was all week (and a few 1s).
I have a strong feeling that this PR will bring in huge volume and looking at alot of selling off but also a few upticks as well.
"Internet of Everything-type Article"
Apple's "iOS in the Car" operating system, which would let drivers access various iPhone functions through a car's built-in screen, is set to head out of the garage next week, says a report.
Ferrari, Mercedes-Benz, and Volvo are the automakers on board for the launch, says the Financial Times, which cited unnamed sources in reporting that the official announcement will take place at the Geneva Motor Show. The FT said neither Apple nor the carmakers would comment.
Google reportedly partners with Audi for on-board Android
Apple talked up iOS in the Car at its Worldwide Developers Conference last year, with VP Eddy Cue -- a Ferrari board member -- showing a mock-up of a car's LCD with Apple menu buttons for maps, phone, music, and messaging. Cue said the functions could be accessible via Siri as well. Many cars already include integration with iOS music functions. Cue said Chevrolet, Ferrari, Honda, Jaguar, Mercedes, Nissan, Volvo and others would be introducing iOS integration this year.
Beyond smartphones, "the bigger opportunity for Apple and its ecosystem is becoming essential not just for people texting, checking news, watching movies, and playing games, but for massive growth areas such as transportation, home automation, and health care," CNET's Dan Farber noted last week, following a report that Apple's head of mergers and acquisitions had met with Elon Musk, CEO of electric-car maker Tesla, in 2013.
Apple's rivals are also aware of those opportunities. The Wall Street Journal reported in December that Google had teamed up with Audi to develop in-car entertainment and information systems based on its Android OS. And, of course, on the home automation front, Google is set to buy Nest for $3.2 billion.
Here's Eddy Cue talking about iOS in the Car at last year's WWDC:
http://news.cnet.com/8301-13579_3-57619779-37/apples-ios-in-the-car-technology-to-roll-out-next-week-says-report/
Everything
The plot thickens...
Going to add on PVEC... bigger gains imo.
Am going to fight the pschological engineering on this one and take the profits. Looking for a VGPR type run.
I posted a reply about whether or not the company plans on hooking investors up or not, this is a trading time period. The company could possibly Forward split increasing valuation to .20 + and that's how people would convert for 1:1 rather than 1:200 if the pps is .001, allowing the company to give the least amount of common shares per preferred share.
This is all future speculation and future possible, but in penny-land we're not necessarily trading for 6 months out on news like this... we're trading for the next 6 days. Everyone knows there will be a massive dumpoff after the divy date. I'm hoping to see a run to .0028, a pullback to the teens, a retest somewhere in that level, some pullback, and then small wick up top if not HOD close. Consolidate for a day, then a PR will probably hit and blastoff to new highs.
ALOT of accumulation, and NOONE knows how this new ruling will affect what the MMs will do... Will the play their games until the week after? closing positions prior to the day? You have to figure these entities have been in business, doing this daily since their inception. They are VERY smart, they know EXACTLY what needs to be done and how to do it. They also STILL have the means to accomplish everything they need to right now and leading up to judgement day.
Both of these companies are going to have a HUGE week. Everyone is spouting out their own favorite GEMs, but between HPNN, PVEC, and FROZ (ENTI is my favorite still and if you want some DD just ask) they will be on the leader boards with BIEL's huge S/S for shares traded this week.
PVEC - How is this not the play of the year?
Looks like they really hit the head on the nail with this one. Look at the timing... look at the compound timing of these two events. An improportional Divy announced to be recorded the day short-sale ruling takes effect.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98091037
I would not be surprised if we saw more articles, posts, and PRs of this nature to come next week
http://www.sec.gov/news/press/2008/2008-204.htm
Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against "naked" short selling. The Commission's actions will apply to the securities of all public companies, including all companies in the financial sector. The actions are effective at 12:01 a.m. ET on Thursday, Sept. 18, 2008
"These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling," said SEC Chairman Christopher Cox. "The Enforcement Division, the Office of Compliance Inspections and Examinations, and the Division of Trading and Markets will now have these weapons in their arsenal in their continuing battle to stop unlawful manipulation."
In an ordinary short sale, the short seller borrows a stock and sells it, with the understanding that the loan must be repaid by buying the stock in the market (hopefully at a lower price). But in an abusive naked short transaction, the seller doesn't actually borrow the stock, and fails to deliver it to the buyer. For this reason, naked shorting can allow manipulators to force prices down far lower than would be possible in legitimate short-selling conditions.
The Commission's actions were as follows:
Hard T+3 Close-Out Requirement; Penalties for Violation Include Prohibition of Further Short Sales, Mandatory Pre-Borrow
The Commission adopted, on an interim final basis, a new rule requiring that short sellers and their broker-dealers deliver securities by the close of business on the settlement date (three days after the sale transaction date, or T+3) and imposing penalties for failure to do so.
If a short sale violates this close-out requirement, then any broker-dealer acting on the short seller's behalf will be prohibited from further short sales in the same security unless the shares are not only located but also pre-borrowed. The prohibition on the broker-dealer's activity applies not only to short sales for the particular naked short seller, but to all short sales for any customer.
Although the rule will be effective immediately, the Commission is seeking comment during a period of 30 days on all aspects of the rule. The Commission expects to follow further rulemaking procedures at the expiration of the comment period.
Looks like this will now apply to all Markets including OTC
Definitely did not get my pre-.003 filled and this thing started the reversal...
Thanks for the TA omslice :) looking for a Monday 1st week of the month move up or 2 days of indecision before a short-leg up or blue skies!
It's a very interesting topic that I think will gain ALOT of attention and DD moreso than even MJ imo...
MM's play a vital role in pennyland, and regulating volatility. Shorting is one of the tools they utilize for price fluxuations and such, and the financial gain from this process is just a side-benefit from the ability to do so.
I'm taking a philosphical stance on this. Remember star trek when the whales died off and they had to go back into the past to find a live humpback whale, bring it to the future, and save earth? Yea geek-mode, but same concept in my opinion.
Taking away shorting is going to have little fore-seen or forecasted affects on price movements and volume in penny-land. Stocks that trade at -23% all day are then closed up at -4%, even, or even up a tick in the last half hour... With the majority of the time being by the MM. Without the ability to borrow shares, or even create imaginary ones... How will this hurt or benefit retail traders?
Covering positions is my main focal point on finding answers to. For example I've been on these conversion share .00005 plays since January. Companies that have been updating their financials and still have convertible notes being sold by MM's at .00005 are being bought up and popping to 2-3s. I'm sure there are MMs out there who are short and with no bid or a low bid not being filled, have been unable to cover. These are in my opinion will be a play with this new rule coming into effect.
I would love to hear what your guys opinions are and what short-term evolutions we may see come to fruition here :)
Beat me too it ddm!
I was thinking before sleep this morning (night crew) that I was going to post about doing some Massive DD this weekend on how this shorting rule will affect stocks, most notably triple 000s.
If we could somehow figure out a way to get ahead of the curve on this one, the gains could mount up quite nicely this month. I need to read a bit more but my initial reaction is that MMs are going to have to cover their short positions and ESPECIALLY their naked short positions...
With FIN ramping up their book keeping on suspensions and such, MMs aren't going to be able to hide their tactics in defunct stocks very easily. The number of defunct companies and shells are decreasing at a rapid rate and any shells that are hanging by a thread are making filings to keep their share structurs intact for future movement.
Alot of things to think about...
PVEC Is LEGIT imo
If we're speculating, as some have been doing, then let's talk about what's in store.
The DIVI is happening. This company could have 875mil in liabilities like some other companies out there and still give away this "free money". What's their plan then?
a forward split before the restriction comes off! How hard is that!? Then the common shares could be at or above .20 cents and in all reality they could barely be giving any commons away in conversion.
Why do we care? we don't! This train is going UP UP UP no matter what! The WARNING being given out is for LONG TERM INVESTORS NOT TRADERS
If you're a swing or day trader, I would disregard these warnings and go with your gut and the information the company is giving to us! They are doing everything they have said and that's enough for me to ride the MOMO onward to COPPER LAND!
Yep. I feel it coming too. 1 for 10 Split.
Based on the history, company transparency not being existent... the Vagueness and the fact that they said they were awaiting a trading symbol when they hadn't applied... They could have PRed that and told everyone what was going on.
Every 3 years. 1 For 10 brings it to 200mil O/S and roughly a 77.9mil float.
Not a good feeling about what's coming this month :( Sorry if there's a dump come monday.
PVEC Noone excited?
Everyone was selling this company to us last month... saying it's coming...
Now it's here, and blah!? COnfusing.
ACCURATE eyes :)
PVEC HUUUUUUUGE Divy News!!!
1:175 class C preferred with par value of .20!!!
Bye Bye Shorts!
PVEC That news was large and in charge...
Power Hour EOD run for the close buyers?
PVEC Do not understand the selling whatsoever on news like that... loaded up 10mil.
You would think people would "hold on" to free shares coming at a value of .20 per share. At least until it reach overbought levels or what not... maybe because it's friday but usually End of Month I would expect positions closing out annnnnnd short covering. Hmmm
MM's still not filling bids though!
Something is OBVIOUSLY up if they are not giving up shares. Still not getting filled on 1's after 2 hours even though there was an ask of 28mil until the 39mil volume increase :/
ICOA New Attorney letter
*MMs are NOT filling ANY orders! Tried loading the boat with extra people and it's just sitting there... Can one of you better resources buddies do some DD on this for me? I feel a move coming...
MeThinks .001 before R/S announced.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=116781
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=116780
More Filings!!!! They're bringing this thing current!
This will hit .001 by mid month IMO!!!
LOADED!
ICOA
Still sitting on free shares and they're still filing things!
New file today. *Just Now
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=116780
NNAN up for a change... might be initiating the wave up !
Still trying to load under .0055 though
ENTI 4's hitting today :)
Hope someone took the lotto ticket! Next week "COULD" be big...
Holding for the breakout!
WNTR loading zone
As for the disagreement that WNTR is an amazing stock... the chart says it's an amazing trading stock. Lower highs and higher lows getting to a squeeze point here.
Already have buy order in for the A.M. loading @ .003 and hope to get filled tomorrow.
Targeting .006 and looking for momentum past .007 for a breakout
AMMX I love this company :)
Revenues pouring in, the fundamentals are sound :)
In @ .007 on the consolidation phase... sold for profit at .01. Looking for consolidation and loading in the .01-.012 range which I think will be the next trading range for a bit until the next leg.
Nothing fundamentally gives me any reason to believe this thing will break through support. Low floater and well liked stock :)
week of consolidation and a third leg coming up in a week imo
ACGX Bigger move coming?
Alerted myself to this last week lol... 200ma is now support. low volume in comparison to the record high in Oct on the initial life-injecting surge.
According to the uptrend 3 high price line drawing trend, a break of .0040 is blue skies from my perception looking for James Bond Action as Abc likes to call it :) .007 ... have some at .0019 but waiting for the breakout tomorrow and retracements next week...
RSI is right there, stochastics will be overbought and unstustainable friday eod which leads me to believe nice bull run tomorrow then profit taking and dip next week...
Currently targeting...
NNAN - looking for a correction
MELY - looking for the imminent pop off .009/.001
MYEC - Retracement for end of week profit taking?
MJNA - Somethings gotta happen...
MRIB - California license news = .03 run, still consolidating
MEDT - Pump and dump chart? Or is it going for another leg...
The month of March might be an M* stock month indeed :) finally got stockcharts up for a couple hours... in I go... ttyl!
Yes they are annoying... I like to buy then sell enough on the momo to cover the purchase then keep the free shares for eternity haha. Keep them all in a watchlist and check them for pops.
Nice job today on all the DD and calls!
Couple more months and I will be with you guys full time :)
Volume hitting some 3s on ENTI End of Week in anticipation of 5 March news supposedly coming out... I would not buy anything above 2s but 2's seem like a safe bet as they are being bought and sold all week. Sitting on .00005s before the volume poured in. It's also finally on Stockcharts.com
*Be advised there is an R/S coming eventually... but as with the last couple like HIPHD and others they have been driving up the price before doing the R/S and that's where I'm selling out!)
Having horrible internet out here... wasn't able to follow anything or put in buy orders for the goodie alerts. I saw TDEY @ .0011 but was unable to complete the buy.
I DID however get an alert on selling FNMA :) When I saw hit head to 5 I figured that was the psychological number coming into play... sold @ 4.90 :)
Great calls Osprey!
MYEC .0020 buys I'm all sold out now :) .0184 before the drop EOD. couldn't rebuy below .016 though...
Thanks for confirming signals and shouting out the plays bud! Best chartist and board anywhere! :)
ICOA...
We already know that you're loading :)
GLTUA
ICOA We already know...
That you're loading :)
GLTUA
I'd say so :)
Company hired an attorney and filing financials for first time in 2 years... Means company is staging a comeback
People will say "no bid and this and that diluting" but check the volume and look at the filings and Make your own decisions :)
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=116659
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=116660
Hey no Problem maybe next time you'll make the right choice and not get stuck with them *in the first place :)
Thanks for the 25mil free shares too and some profit :)
No cheerleading needed :)
Look at the filings.
Look at IHUB
Look at OTCMarkets
Look at the volume
When filings occur...
People buy shares!
Share price goes up...
People sell shares!
GLTY as well :)
ICOA
I bought
and .00005 looked really good with 2s hitting :)
Not to mention if you buy 50mil... and sell 25mil @ .0001...
thank you for 25mil free shares :)
FOR THE RUN UP!!!