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No...not my words. But what is so pathetic is suggesting that this is being shorted. Especially considering that the total amount short(via market makers) is a whopping 7,500,000 shares against an 11 Billion free trading float. So roughly $7000.00 ... that's correct....a whopping 7000 Dollars.
That equates to roughly .065% of the float
No one is paid to beat this up ...there is no conspiracy...and there is no short presence beyond what a market maker must do on a daily basis. Best to stay with a logical realistic perception of "what is"....which is also factual.
No I didn't...... I showed the costs and fees via Interactive Brokers. There was never a $2.5 minimal. That number would come from other brokers.
Individuals can not get their head around what the short interest is that they see on this ticker. It is this:
oh...and the script has changed. Well, there was definitely an attorney involved....and a separate Company(had to be in title)..so....
Smart guy.
That's a good one. I don't think he did anything illegal there....just smart. That is if he had everything in place...lol. Certainly a little dirty though...and certainly an intermediary was involved..lol.
Aren't you a surf fishing bum in Florida...lol. Bum may be harsh and maybe I got Florida wrong... eh?
That makes sense ...there is no way that would be the coupon entirely....lol. Thanks
lol...lol.. The Judge was wrong! Always my most favorite "stupid" comment when someone disagrees with a judge. Why are people so fn' stupid and think they won't get busted????? lol
In my opinion..the best of the best. I put him over everyone else in the 20th and 21st century. My second favorite is Carter. Not as much for his record as Presidency, as much as, his record for being a human being and leader. Cleanest of them all since the very beginning.
Great stories n' at today. Thank you all.
Hold up...I am sure it was a large box of Bic pens. Sounds like he was framed and to think the poor guy was hospitalized after a major heart attack. And then framed?...just sick. :)
p.s. maybe the dummy corp was used for charity. Did you ever think about that?..lol.
lol...I was just talking about outrageous coupons yesterday. That's a 36% coupon..lol. Definitely more to that story....that's more than just a coupon .
Ha! What was the trigger for you ...or was it a simple accounts payable review? Or was it simply his repeat visits for reimbursement...lol.
Yep and is abused extensively. One of my favorites is paying rent to an officer for office space.
Same thing...
The lenders definitely do not want to be registered as such. Who would? F' that...lol. So that game is over basically. On to the next adaptation...
Not following you..sorry. What have I not been paying attention to? Seems the premise is unrelated short term lenders can not use variable rates as they were. Actually, variable seems dead. So what else is it?
Hold up...you are talking about a select group of the most illicit character. I am certainly not talking about those individuals. I am talking about a much less caustic group. A lot of them just live off of Company's balance sheet through an "expense draw". As in, everything they do is business related and such drawn off the balance sheet. Cash up front in form of draw. It's just a ledger..that's it. Their salary is accrued and then paid in stock issues..when warranted by them.
They are the smart ones, you are speaking of the really dumb ones. yay :)
lol..
Let me follow up with the balance sheet BS. Business expenses or any other liability can mean breakfast, lunch, dinner, lodging, rentals, vehicles,land,home, golf, country club,fishing, hunting, skiing, box seats, concerts,condos,cash..hockey, hockey, hockey.....etc,,,etc.
They do it for that shit only...the real shitty ones that is. If I can expense...I don't need a Salary. Especially when I have an $expense draw in place...lol...lol
:)
The word "operations" was a staple. And, paying the CEO $10K from loan proceeds never shows up as payment for coming up with a business plan. It shows up as something else, and then the CEO is reimbursed for his "coming up with a business plan" by means of expense..etc...etc. Probably under travel expenses or similar.
i.e. business expenses $50K for quarter associated with a merger LOI. The reality- CEO flies to Vegas and plays craps with his target buddy, probably a few a hookers or similar..etc. Or maybe a vacation to the Cayman Islands for a week...lol. Still a business expense.
Hence..."business expense for merger LOI"
LOL...that goes for public and private companies. Fn' accounting shite'
NO..I get all of it. The notion that a short term lender wants the price lower in order to get more shares is bullshite'...they don't want that at all. They just want to turn their inventory just like any other retail business. They need volume and current reporting....that's all. Low turns are not healthy..ever.
Quite frankly..they would prefer steady quality volume and a static share price. That's it. Trust me..I get it. One of the most solid performers were "power up" ..they were text book on how they did it. This might sound crazy, but I found them to be the most reliable and proficient at their job. As in..no games...formula only :)
They do care Janice....they don't want the share price to drop. But they know they will cause such by adding more weight to the sell side. That is why they play volume in a proportionate manner.
Oh no....I have gone over this many times. The only issue are ratchet warrants or anti dilution clauses. The anti dilution clauses just need to be adjusted to the most recent raise below threshold. I can get within a deviation of plus/minus 6% of the amount easily as long as I have a six month history minimal. It's very easy once you use a formula for turns.
All based on volume. They all typically work with the same formula..and adjust:
ie 10% of volume ...but I always noticed good ones running @ 15% and lower and bad players running higher...but for the most part they don't get greedy.
People think that lenders just dump it..they don't. They play off the volume and turn their inventory(shares) into it. Just the opposite Janice....it's easy to know how much is left. You have to know the coupon(discount), interest rate, and amount of debt to be converted. Then all you need is a study on volume. If the weekly volume is one billion shares, then the conversion should be 15% of that or 150,000,000 shares sold into the market. Using a longer time frame/frequency tightens up your numbers..a year is best. The net discount plays an import role and usually becomes a second conversion multiplier after the first one is applied.
Most make it complicated and just guess..and say dilution must be over. Then I chime in and crush their hopes...lol..lol. I've always loved formulas and numbers and have used this for like 20 years. You just take a simple formula based on past history..adjust it... then apply it. It's proven :)
The cash pays for operations more than salaries. With that said, the officers spend a chunk of cash as personal expenses for corporate affairs performed by the officers(CEO etc). So..the money borrowed never goes to the salary..and the salary becomes accrued compensation. Which then usually becomes share issuance(plural) for accrued compensation :)
Which is legit...for some/most cases. In other words ..it's a skirt.
So I wasn't crazy thinking they were disappearing because it was/is literally happening. That's refreshing :) ..lol.
No...I knew that but never followed any of the outcomes...until now. The disappearance of unrelated short term lenders seemed to have happened the past year some time..at least to me.
Well, the easiest would be much larger coupons on a fixed conversion rate. So instead of seeing a 10 point coupon on a note bearing 10% interest, you'll see a 20 point coupon on 10% interest...minimal. Then the conversion rate is applied...lol.
Most cats can never figure out how much is left to convert..and now they will be completely clueless. They'll see a 500k note, exclude the coupon of i.e. 10 points and maybe assume interest(most don't). The reality is that it is actually a 550k note plus interest. They completely ignore the fact that said Company had to purchase the right to issue said note..lol.
I bet we see as high as a 30 point coupon..and most will never see it :)
i.e. USD1 Million, 30 point coupon, interest @ 10% , where as the borrower gets USD1 Million..pays for fees and then owes USD1.3 Million plus interest @ 10%
mmmmm...this is going to get interesting how they work around this in creative/non creative ways...lol
What are they appealing? You mean on a personal case basis? I haven't been following but when this was filed.... https://www.otcmarkets.com/filing/html?id=16987863&guid=Mrd-ke_QP5w-B3h ..I noticed some change in wording ..besides the obvious.
Bull shite' pitch release:
https://www.otcmarkets.com/stock/HMBL/news/HUMBL-Announces-That-It-Has-Entered-Into-a-Securities-Purchase-Agreement-For-Over-2-Million-In-Financing-With-Pacific-Li?id=417071
ie ... Prohibition on variable discount rate financings with any new investors...etc
I was not following the short term lender actions via SEC.....now it makes sense as to that bull shite' approach. I'm sure the so called "lockdown" will be adjusted but it makes such look a little cleaner. Which of course ..it is not.
I really don't care about short term lenders or how they do it...and don't consider them toxic. I do feel that those that issue notes on these terms are toxic though. There is no way in hell I would lend these type of issuers any cash unless I had an extreme variable coupon attached. Those unrelated parties are certainly predators though. By the way...it seems to me that there is a larger than normal "shell" buildup in the OTC. All these actions seem to be leading up to a bottleneck of Companies with no quick exit out of a shell status(unless expert..lol). Times are changing.
This should ring a bell....here's the "go around"..... one of em'.... https://www.otcmarkets.com/filing/html?id=16987863&guid=Yrd-kHMf3hwfJth
:) ... they will just get a little more creative and skirt. Adjust..implement and repeat.
They have already adjusted for it..prior to the ruling.
Congrats to the winners here. Craziest ride ever and it paid off nicely for many. I despise this sector and the stock. But, I just can't believe the Company held out and made it. Most, if not all, would have given up. To the haters...sorry....... It says something about commitment.
Of course, still don't think it will ever be profitable(like all the rest)....and I just hate social media in this type of format. Over priced but has unbelievable support. Congrats to the winners here.
Oh..I get that. The 2 days didn't cost you though...the bad trade did. :) Valid point my friend.
Definitely not me....not that it will affect me though. I don't think it can, but there will be a lot of mismatched situations. Gonna' need available cash to offset any lag. Not sure if it will be anything crazy as a result, but enough to be newsworthy.
It goes beyond penny player though. This is funny(regarding pennies)...before we started talking...I posted this earlier tonight:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173912717
I swear to god...this shite' is driving me crazy.
Yes, and we are just talking about the "market". Compound that with every other political/judiciary, economic, social and science based issue...etc. Couldn't agree more with you here!..:
Well...that's called exploitation:) There have been several banks that got fined for naked shorting recently though..... https://www.koreaherald.com/view.php?ud=20231225000104
Well, I guess it's still a free market ;)...lol. Is naked shorting real, yes. Will you get busted for it , yes. Is it some diabolic, out of control, dilemma....not even close. They have a point...I just don't see it here in this Country. Elsewhere, it's extremely limited..hence the exploitation to make it more of a thing. I just wish these people would stick to the facts and not go beyond such. All of them.
That was a good piece...thanks. Couldn't agree more here:
Stop with the short crap...seriously. You are just embarrassing yourself:
Humbl special margin requirements via interactive brokers
https://www.interactivebrokers.com/en/trading/SearchMarginStocks.php
Fees for all types of trades:
https://www.interactivebrokers.com/en/pricing/commissions-stocks.php
Does anyone actually think that their is some magical island out there that doesn't charge any commissions on shorting a sub penny stock????
NO
No matter what...the brokerage would tell you to F' off at this current stage..because you would lose money at any outcome. So just stop. And so it goes....
Not now...if this were the first qtr of 2021...yeah. That was when all the freaks came out and bought everything. Something like 10 million new trading accounts opened up and most were complete novices. :)
Greatest "hold my beer" moment after the nasty DWAC IPO.....Reddit goes public. It is already strange as hell:
https://redditforcommunity.com/Directed-Share-Program
Oh yeah.....what trash.
Nice ..bookmarked "the last hangman"....looks like a quality horror movie. I'll see you that and raise you .... https://www.imdb.com/title/tt0067541/?ref_=nm_flmg_t_143_act
Best horror movie out of Australia ever.
Not what I meant. The artist(Courbet) and child are part of the painting that she is admiring. They are the Painting. Leave it at that :)
Oh by the way....lol. I forgot to mention that she is admiring the painting. Look at what she is admiring...the painting...see it? It's centered and contrasted..lol... so fn' great. He is the Painting in the "artist's studio". Alright, I'm done...sorry for ranting.
https://investorshub.advfn.com/uimage/uploads/2024/2/22/rzktvCapture.PNG