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Shhh guys or shakerzzzzz will hear you.
Then Lebed, and there goes our neighbourhood !! LOL
Looking more interesting though.
Have a good evening.
Ahh,
Got it.
My L2 here must be slower than yours.
Its showing now.
Thanks
Gotcha,
I'm cheap obviously LOL
Not sure about that Hurley,
My MLXO level 2 here has just shown trades of only 15 K No
Cant see Wanto's 90 K at the moment
Over thing is how can such a relatively small trades move it 25% I wonder?
I know I'm missing something.
Which is concerning me.
Yes indeed,
But I have just looked at level II and it doesnt show any trades today !!
Am I missing something here?
Thanks yourself Wanto,
Now thats livened the board up a lot ! LOL
Thanks Hurley,
I missed that news or maybe didnt bother to read it.
Seems to be honest enough and with good intent.
Hey Wanto, I know you religiously put some music up on EZ's board every day regular as clockwork.
It's appreciated.
How about a song for an album for the wek here maybe!
The 1812 OVerture might be appropriate at the moment or Led Zepplin !!LOL
Have a good one - it'll be OK.
Makes men of us it does (not) ! LOL
Didn't get them.
went for 100K tasters.
What we need is a bit of honest explanation from Tom.
If he's being screwed still by whatever financer then he should say so.
Honesty at this point is sadly needed to gain some faith in the Co. even if its bad news.
Cos it couldn't get much worse.
BTW dont tell Jonny Lebed.
That would really kill what little creds left.
Have a good w/e guys.
Will se what the MM's want to do Monday.
I'll have a go @ 7
Someone must have read your post,
u/ting ?
Is it you guys buying here?
Ah well could be good for 2.40 today.
Nothing like CLWT though!
Sorry I couldn't get in of course.
There have been some monster moves this week.
Couldnt catch a one !!
TGIF ?!!
CLWT
Good for you another green day for you then.
Couldn't get in that one.
NWTK ?
Thanks again,
The GTE TA board was excellent but has been getting a bit 'ragged' of late.
A lot are hurting a little on this at the moment and emotion is skewing TA.
Hope you dont mind but I posted your news find on inside buying there.
I will mark Mc Mike.
Macdad was one of my TA Guru's but is away on a new project.
BOSC seems to be a call today.
It ran rather like your SFP a couple of days ago.
I would have said it needs to rest but ...
GLTY
Presumably this out last night, is what we are talking about here ?
http://biz.yahoo.com/bw/050714/145665.html?.v=1
Thanks Icon for your TA,
It seems exactly to explain its behaviour over the last couple of weeks.
Hadn't seen the latest news though.
.
Guess I couldnt see the wood for the tree's been maybe too long here.
Still not confident enough about my own TA.
W'ell se if that show of faith by managment tests the resistance today.
Guess I need to swing this until near the financials.
Hope you dont mind if I throw the occasional one at you !
GLTY
Not I ?
I dont have level II.
Was it a buy?
What price?
SFP
Heavens still going !
Almost 200% and still holding!
Sorry I missed the news on that!
I would have been out by now anyway, like you.
Confession time huh !
Well, I'm in above you all lloks like.
I guess I stopped averaging down after the 3rd time.
Maybe have to do it one more time though
Embarrassing really but I've learn't a lot about Cornell as I guess we all have.
I wonder where to get a list of their 'clients' ?
Cos' now I know the game .............
Thanks,
GTE - seems some really heavy manipulation here.
The PR today looked very positive (talk of 50 M order for Strats) but it hit a wall very quickly as it has done on 2 other releases this week.
Was on the SHO list now off.
An enigma at the moment it seems.
Did you our SFP ?
Nice tickle at the eod he he !
GLTY
I take my hat off to you.
And a member mark too !
Will check in more often with you if you dont mind.
BTW GTE is a bit baffling at the moment.
3 PR's this week and still it seems to be held down.
Whats your take on the TA pls?
GLTY
Seems like a council of war here.
When do we take over this company ?
That was a gutsy call on SFP.
To get another 30% after a 150% rise !
Turned out right.
But not sure I would have been so brave (I wasnt LOL)
Thanks for keeping up with the news for us BTW
There you are lowtrade,
Didn't realise you have your own board now.
Could you clarify a couple of things about your post first.
You said
'What should I do? How can I retain a long position in a good company, when the stock is not good?'
I am not sure why you say a good company can have bad stock.
Surely the stock in a good company must be good.
To be fair I think we would need to know your present position (holdings) re GTE and if you want to average down, get out or re enter with regard to your that position.
Are you shorting even?
That would help for a better discussion on the subject I think.
Anyway you dont sound particulary bullish on GTE at the moment it seems.
GLTY
Thanks DJ,
Hope the new ventures going well.
Stocks 100 has GTEL @ 3.6 by the weeks end !
So thats all right then LOL
Morning fellow bagholders !
Thanks for the music BTW Wanto, cant wait for Fryday !!!
This is the best explanation of Cornells 'modus operendi'
It helps to understand how they operate.
Just for those who do not know about CORNELL
Cornell's business model designed to kill stocks and companies. Statistically 98 out of every 100 companies who deal with Cornell go broke or to pink-scam-land. Only 2% sirvive.
Below is an excerpt from info provided on RB board several months ago.
Cornell buying stock – I think this is the greatest misconception of them all. Cornell NEVER has to buy stock when there’s an Equity Line or SEDA agreement signed. CEO’s place stock in an escrow account for Cornell to transact sells and raise cash for the company. They never buy stock, the company ‘puts’ stock to them, the transfer agent DTC’s those ‘put’ certificates into the escrow account and the O/S then reflects the free-trading shares from the newly issued stock that’s residing in the escrow account. CORNELL NEVER BUYS STOCK, THEY ONLY SELL…..And in all cases, THEY SHORT THAT ESCROW BOX.
Why does Cornell short the box? First, you must understand what that means. Most know but some don’t. If one shorts without the cert in hand, it’s a naked short. When one shorts a stock against the cert in hand (the cert in the escrow account in this situation) then they are covered shorting. Cornell is known to also naked short.
Covered Shorting (Boxed) and Naked Shorting
Cornell MUST ABSOLUTELY SHORT EVERY EQUITY LINE AND SEDA AGREEMENT. I’ll show and tell you why. It’s all about collateralization of the asset. A Loan To Value (LTV) ratio. Whenever you borrow, the lender has to protect the asset from a loss of value. Morgators demand you insure your home. Lenders demand you insure your car. Financiers demand your stock never loses value while the loan is outstanding. To protect themselves, financiers SHORT THE STOCK 100% OF THE TIME DURING THE DURATION OF THE OUTSTANDING LOAN.
Publicly traded finance involves lending money against the value of stock. Example: Stock = $10/share. Company files an SB-2 for 1,000,000 shares at the agreed upon valuation of $10/share. So they strike an Equity Line agreement for a million shares at ten bucks each, a $10 Million financing. Yahoo, the stock spikes. “We got financing, buy, buy, buy!”
The company starts to borrow on the equity line by issuing stock to the escrow account. Let’s say the first tranche is for $100,000. The CEO calls the transfer agent and says to issue a Cert for 100,000 shares and DTC it electronically to the escrow account. Boom, the O/S just grew 100k shares. Cornell cuts the company a check and calls their broker/MM and shorts 100K shares of volume. The cert still stays in the escrow account and the cert is PROTECTED FROM A DOWN SIDE LOSS OF VALUE IF THE STOCK GOES DOWN. CORNELL IS PROTECTED FROM LOSS and they still control the cert.
Let’s advance this 3 months. Let’s now say the company has issued 300,000 shares at $10/share and now has 300,000 shares sitting in escrow account – ALL BOX SHORTED BY CORNELL, legally. BUT A FUNNY THING HAS HAPPENED, the stock price is no longer at $10, IT’S NOW $5. When one starts to add up the cash raised by the company you’d figure that they’d raised $3M from 300,000 shares, right? WRONG. As the stock price slides from an ever growing short position, it takes more dilutive financing shares to raise the same amount of money. You get on a treadmill. The faster you dilute, the lower your stock price goes. It becomes a shorter’s dream. CORNELL CAN’T LOSE. ONLY THE SHAREHOLDER LOSES, AND EVERYTIME.
I personally know only 2-3 stocks that can potentially and most likely overcome Cornell: GCCP and CIRT. May be MOBL but I am not sure. These companies used Cornell money, built a business and limited a dilution. All of the above will be likely among 2% of winners and most this gain will be 10-20 fold. SMTR, LMMG and MSSI have a much smaller chance to take over but still they have it. Stocks like CTUM (development stage) will be diluted many fold at the nearest future and their future is very cloudy.
Morning all.
Apologies in advance for the depressing post.
But knowing the devil and his ways ...............
posted from another board.
This is how Cornell operate.
Steer clear !
GLTA
Just for those who do not know about CORNELL
Cornell's business model designed to kill stocks and companies. Statistically 98 out of every 100 companies who deal with Cornell go broke or to pink-scam-land. Only 2% sirvive.
Below is an excerpt from info provided on RB board several months ago.
Cornell buying stock – I think this is the greatest misconception of them all. Cornell NEVER has to buy stock when there’s an Equity Line or SEDA agreement signed. CEO’s place stock in an escrow account for Cornell to transact sells and raise cash for the company. They never buy stock, the company ‘puts’ stock to them, the transfer agent DTC’s those ‘put’ certificates into the escrow account and the O/S then reflects the free-trading shares from the newly issued stock that’s residing in the escrow account. CORNELL NEVER BUYS STOCK, THEY ONLY SELL…..And in all cases, THEY SHORT THAT ESCROW BOX.
Why does Cornell short the box? First, you must understand what that means. Most know but some don’t. If one shorts without the cert in hand, it’s a naked short. When one shorts a stock against the cert in hand (the cert in the escrow account in this situation) then they are covered shorting. Cornell is known to also naked short.
Covered Shorting (Boxed) and Naked Shorting
Cornell MUST ABSOLUTELY SHORT EVERY EQUITY LINE AND SEDA AGREEMENT. I’ll show and tell you why. It’s all about collateralization of the asset. A Loan To Value (LTV) ratio. Whenever you borrow, the lender has to protect the asset from a loss of value. Morgators demand you insure your home. Lenders demand you insure your car. Financiers demand your stock never loses value while the loan is outstanding. To protect themselves, financiers SHORT THE STOCK 100% OF THE TIME DURING THE DURATION OF THE OUTSTANDING LOAN.
Publicly traded finance involves lending money against the value of stock. Example: Stock = $10/share. Company files an SB-2 for 1,000,000 shares at the agreed upon valuation of $10/share. So they strike an Equity Line agreement for a million shares at ten bucks each, a $10 Million financing. Yahoo, the stock spikes. “We got financing, buy, buy, buy!”
The company starts to borrow on the equity line by issuing stock to the escrow account. Let’s say the first tranche is for $100,000. The CEO calls the transfer agent and says to issue a Cert for 100,000 shares and DTC it electronically to the escrow account. Boom, the O/S just grew 100k shares. Cornell cuts the company a check and calls their broker/MM and shorts 100K shares of volume. The cert still stays in the escrow account and the cert is PROTECTED FROM A DOWN SIDE LOSS OF VALUE IF THE STOCK GOES DOWN. CORNELL IS PROTECTED FROM LOSS and they still control the cert.
Let’s advance this 3 months. Let’s now say the company has issued 300,000 shares at $10/share and now has 300,000 shares sitting in escrow account – ALL BOX SHORTED BY CORNELL, legally. BUT A FUNNY THING HAS HAPPENED, the stock price is no longer at $10, IT’S NOW $5. When one starts to add up the cash raised by the company you’d figure that they’d raised $3M from 300,000 shares, right? WRONG. As the stock price slides from an ever growing short position, it takes more dilutive financing shares to raise the same amount of money. You get on a treadmill. The faster you dilute, the lower your stock price goes. It becomes a shorter’s dream. CORNELL CAN’T LOSE. ONLY THE SHAREHOLDER LOSES, AND EVERYTIME.
I personally know only 2-3 stocks that can potentially and most likely overcome Cornell: GCCP and CIRT. May be MOBL but I am not sure. These companies used Cornell money, built a business and limited a dilution. All of the above will be likely among 2% of winners and most this gain will be 10-20 fold. SMTR, LMMG and MSSI have a much smaller chance to take over but still they have it. Stocks like CTUM (development stage) will be diluted many fold at the nearest future and their future is very cloudy.
It appears so.
However that the SEC has 'grandfathered' these past crimes does not mean they have not broken the law and could not be prosecuted.
It just means the SEC has forgiven the crime.
Problem is off course funding that prosecution privately.
Any takers ? !!
Here you go DJ, Lap maybe things are heating up.
July 6, 2005 (FinancialWire) While General Electric’s (NYSE: GE) Dateline NBC continues to keep its naked short sales expose in forced or unforced hiatus, the “Corporate Strategies†radio program is taking up the slack.
Several U.S. Senators have chastised the U.S. Securities and Exchange Commission for what they call a failure to police illegal stock manipulation in companies on the Threshold lists, such as Avanex (NASDAQ: AVNX), MediaLink (NASDAQ: MDLK), and Taser International (NASDAQ: TASR).
The two hour show, “Corporate Strategies With Tim Connolly,†available on the internet “ON THE AIR NOW†at Investrend Broadcast and at http://www.businesstalkradio.net Sunday from 9 p.m. to 11 p.m., will feature John O’Quinn’s lead litigator, Wes Christian, in a toll-free call-in show. The call-in number is 1-866-606-TALK.
Connolly said Christian will “disclose the latest winning decisions in court and the SEC, and he will discuss what he believes is a trillion dollar damage model for common shareholders.â€
Connolly said there will several pieces of new information.
Recently a stock transfer agent, Transfer Online Inc., had asked then-SEC Chair William Donaldson to put a stop to the control the Depository Trust & Clearing Corp. and Automatic Data Processing (NYSE: ADP) are fast gaining over the transfer business, and to demand DTCC transparency.
Excerpts from the letter, posted at http://www.faulkingtruth.com/Articles/LettersToEditor/1012.html , states: “Over the years as the amount of shares held at DTC has increased it has become more and more difficult to determine who owns the shares, who is trading them and if the trading is proper. This trend, and the resulting problems I will detail below, continues to increase because a minority of the total number of shareholders are reflected on the books and records of the corporation, most activity takes place behind the wall of ownership that is designated as Cede & Co. and neither the company nor the transfer agent has any access to the underlying information.
“Furthermore, DTC recently managed to put through a rule change (Release No. 34-50758A; File No.S7-24-04) that prohibits a transfer agent from representing any company who seeks to withdraw from the DTC system. This change effectively leaves companies with no voice or choice in the management of their stock and their ability to have any transparency as to what is actually taking place in the market in regard to their stock.
“I receive calls from companies seeking information as they watch millions of shares trade in a single day, who watch their share price decrease in value and who have no access to information regarding who is behind the trading of these shares, or if in fact the trades are at all legitimate. As the system now operates, most companies have a large percentage of shares on their books registered to Cede & Co.
“Given the importance of shareholder voting and communication one would assume that the same requirements placed on transfer agents as to accuracy and reporting would be placed on ADP and Cede & Co. as they usually hold or service the majority of the shares owned in any given company.
“I have found; however, that when presented with the tabulation reports from ADP the share totals they report sometimes exceed the total number of shares outstanding for the company. Let me restate this because it is a very important part of my concern about a system that is more and more headed in the direction of increased control by DTC. The shares presented by ADP, that are the shares voted by the brokers on behalf of the shareholders for whom they hold accounts, EXCEED when added to the shareholders of record the total number of shares outstanding.
“Where are these extra shares coming from? Why are there no controls on the number of shares held in the nominee name Cede & Co. vs. the ownership on the books and records of the brokers and why is the company not privy to any information unless it pays whatever fees it is told it must pay by the organizations that control the data?
“In fact, as the system is evolving, DTC is de facto becoming the largest transfer agent in the industry even though it is an organization formed by and working for the interests of the brokerage community. If, ultimately, the S.E.C. is in place to protect investors then this issue can not be ignored because in the end when the market is completely under the control of the brokers and the organizations that represent them then the market can neither be transparent nor fair.â€
In other Stockgate news, Senator James Talent (R-MO), has joined U.S. Senators Richard Shelby (D-AL), Susan Collins (R-ME), Robert Bennett (R-UT) and Richard Durbin (D-IL) in questioning U.S. Securities and Exchange Commission Chair William Donaldson about what they call the “failure†of Regulation SHO to curtail unlawful, predatory securities trading.
The current Senate line-up carries significant heft. Senator Collins is chair of the Homeland Security and Governmental Affairs committee, Senator Shelby is chair of the Senate Banking Committee, Senator Durbin is Assistant Democratic Leader and Senator Bennett is Republican Whip. The Senators’ letters are posted at http://www.americaneedstoknow.com
“Stockgate Today†publisher David Patch said that the Senators have 23 good reasons, citing that many companies, including Martha Stewart Living Omnimedia (NYSE: MSO), Delta Air Lines (NYSE: DAL), Krispy Kreme (NYSE: KKD) and Netflix (NASDAQ: NFLX), that remain “not settled†on the official threshold lists maintained by the New York Stock Exchange and Nasdaq five months later.
“Stockgate Today†is published at http://www.investigatethesec.com . The Senators’ letters to shareholders and the SEC are posted at http://www.americaneedstoknow.com
Patch said that most of the 23 companies hardest-hit by unlawful stock manipulations in full sight of market regulators, including those at the SEC, such as Annette Nazareth, head of market regulation, who belittles complaints as coming from those who “want to see their stock go up,†have had double-digit declines in stock valuations over the 94 days they have been on the highly-public list.
He also noted that in the March, 2005 Euromoney Magazine article on illegal naked short selling, Head of Market Regulation Annette Nazareth’s assistant, James Brigagliano said that prior lawbreakers were “grandfathered†because “we were concerned about generating volatility where there were large pre-existing open positions, and we wanted to start afresh with new regulation, not re-write history.â€
“So does Ken Lay, but he can’t,†retorted Patch.
This disputed “grandfathering†has not yet been taken up by Congress, but the 23 companies on the threshhold list for over days are new transgressions, and presumably they can’t be dealt with either because Nazareth and Brigagliano are concerned about “generating volatility.â€
Also, in a blockbuster event almost equal to the mysterious “postponement†of the announced expose of the Depository Trust and Clearing Corp. by General Electric’s (NYSE: GE) “Dateline NBC,†the U.S. Securities and Exchange Commission has inexplicably given the DTC’s National Securities Clearing Corp. “immunity†in the form of limited liability for willful misconduct or violations of Federal securities laws.
The Notice regarding the SEC’s action is at http://www.nscc.com/impnot/notices/notice2005/a6029.pdf
July 6, 2005 (FinancialWire) While General Electric’s (NYSE: GE) Dateline NBC continues to keep its naked short sales expose in forced or unforced hiatus, the “Corporate Strategies†radio program is taking up the slack.
Several U.S. Senators have chastised the U.S. Securities and Exchange Commission for what they call a failure to police illegal stock manipulation in companies on the Threshold lists, such as Avanex (NASDAQ: AVNX), MediaLink (NASDAQ: MDLK), and Taser International (NASDAQ: TASR).
The two hour show, “Corporate Strategies With Tim Connolly,†available on the internet “ON THE AIR NOW†at Investrend Broadcast and at http://www.businesstalkradio.net Sunday from 9 p.m. to 11 p.m., will feature John O’Quinn’s lead litigator, Wes Christian, in a toll-free call-in show. The call-in number is 1-866-606-TALK.
Connolly said Christian will “disclose the latest winning decisions in court and the SEC, and he will discuss what he believes is a trillion dollar damage model for common shareholders.â€
Connolly said there will several pieces of new information.
Recently a stock transfer agent, Transfer Online Inc., had asked then-SEC Chair William Donaldson to put a stop to the control the Depository Trust & Clearing Corp. and Automatic Data Processing (NYSE: ADP) are fast gaining over the transfer business, and to demand DTCC transparency.
Excerpts from the letter, posted at http://www.faulkingtruth.com/Articles/LettersToEditor/1012.html , states: “Over the years as the amount of shares held at DTC has increased it has become more and more difficult to determine who owns the shares, who is trading them and if the trading is proper. This trend, and the resulting problems I will detail below, continues to increase because a minority of the total number of shareholders are reflected on the books and records of the corporation, most activity takes place behind the wall of ownership that is designated as Cede & Co. and neither the company nor the transfer agent has any access to the underlying information.
“Furthermore, DTC recently managed to put through a rule change (Release No. 34-50758A; File No.S7-24-04) that prohibits a transfer agent from representing any company who seeks to withdraw from the DTC system. This change effectively leaves companies with no voice or choice in the management of their stock and their ability to have any transparency as to what is actually taking place in the market in regard to their stock.
“I receive calls from companies seeking information as they watch millions of shares trade in a single day, who watch their share price decrease in value and who have no access to information regarding who is behind the trading of these shares, or if in fact the trades are at all legitimate. As the system now operates, most companies have a large percentage of shares on their books registered to Cede & Co.
“Given the importance of shareholder voting and communication one would assume that the same requirements placed on transfer agents as to accuracy and reporting would be placed on ADP and Cede & Co. as they usually hold or service the majority of the shares owned in any given company.
“I have found; however, that when presented with the tabulation reports from ADP the share totals they report sometimes exceed the total number of shares outstanding for the company. Let me restate this because it is a very important part of my concern about a system that is more and more headed in the direction of increased control by DTC. The shares presented by ADP, that are the shares voted by the brokers on behalf of the shareholders for whom they hold accounts, EXCEED when added to the shareholders of record the total number of shares outstanding.
“Where are these extra shares coming from? Why are there no controls on the number of shares held in the nominee name Cede & Co. vs. the ownership on the books and records of the brokers and why is the company not privy to any information unless it pays whatever fees it is told it must pay by the organizations that control the data?
“In fact, as the system is evolving, DTC is de facto becoming the largest transfer agent in the industry even though it is an organization formed by and working for the interests of the brokerage community. If, ultimately, the S.E.C. is in place to protect investors then this issue can not be ignored because in the end when the market is completely under the control of the brokers and the organizations that represent them then the market can neither be transparent nor fair.â€
In other Stockgate news, Senator James Talent (R-MO), has joined U.S. Senators Richard Shelby (D-AL), Susan Collins (R-ME), Robert Bennett (R-UT) and Richard Durbin (D-IL) in questioning U.S. Securities and Exchange Commission Chair William Donaldson about what they call the “failure†of Regulation SHO to curtail unlawful, predatory securities trading.
The current Senate line-up carries significant heft. Senator Collins is chair of the Homeland Security and Governmental Affairs committee, Senator Shelby is chair of the Senate Banking Committee, Senator Durbin is Assistant Democratic Leader and Senator Bennett is Republican Whip. The Senators’ letters are posted at http://www.americaneedstoknow.com
“Stockgate Today†publisher David Patch said that the Senators have 23 good reasons, citing that many companies, including Martha Stewart Living Omnimedia (NYSE: MSO), Delta Air Lines (NYSE: DAL), Krispy Kreme (NYSE: KKD) and Netflix (NASDAQ: NFLX), that remain “not settled†on the official threshold lists maintained by the New York Stock Exchange and Nasdaq five months later.
“Stockgate Today†is published at http://www.investigatethesec.com . The Senators’ letters to shareholders and the SEC are posted at http://www.americaneedstoknow.com
Patch said that most of the 23 companies hardest-hit by unlawful stock manipulations in full sight of market regulators, including those at the SEC, such as Annette Nazareth, head of market regulation, who belittles complaints as coming from those who “want to see their stock go up,†have had double-digit declines in stock valuations over the 94 days they have been on the highly-public list.
He also noted that in the March, 2005 Euromoney Magazine article on illegal naked short selling, Head of Market Regulation Annette Nazareth’s assistant, James Brigagliano said that prior lawbreakers were “grandfathered†because “we were concerned about generating volatility where there were large pre-existing open positions, and we wanted to start afresh with new regulation, not re-write history.â€
“So does Ken Lay, but he can’t,†retorted Patch.
This disputed “grandfathering†has not yet been taken up by Congress, but the 23 companies on the threshhold list for over days are new transgressions, and presumably they can’t be dealt with either because Nazareth and Brigagliano are concerned about “generating volatility.â€
Also, in a blockbuster event almost equal to the mysterious “postponement†of the announced expose of the Depository Trust and Clearing Corp. by General Electric’s (NYSE: GE) “Dateline NBC,†the U.S. Securities and Exchange Commission has inexplicably given the DTC’s National Securities Clearing Corp. “immunity†in the form of limited liability for willful misconduct or violations of Federal securities laws.
The Notice regarding the SEC’s action is at http://www.nscc.com/impnot/notices/notice2005/a6029.pdf
Looks like another piece of the puzzle has been proved!
Look at the altitude this acheived.
First hydrogen plane tested in US
By Richard Black
BBC environment correspondent
A US company says it has successfully completed test flights of a potentially environment-friendly aircraft powered by liquid hydrogen.
Liquid hydrogen stored on board and oxygen extracted from the air are combined in fuel cells. The electricity generated drives the propellers.
California-based AeroVironment says a full tank of hydrogen would keep the unmanned plane in the air for 24 hours.
Planes using fuel cells might help curb greenhouse gas emissions from aviation.
The aircraft, called Global Observer, looks more like a glider than a conventionally powered plane, with its wingspan of over 15m, small fuselage slung underneath and extended, "dragon-fly" tail.
Along the front edge of the wing is a line of eight propellers. What is innovative is their power source.
"We're carrying liquid hydrogen on board at very low temperatures," AeroVironment's Director of Washington Operations, Alex Hill, told BBC News. "So the insulation on the tank is crucial."
Secret design
The precise design of the tank is being kept under wraps, as is the nature of the fuel cells which combine hydrogen and oxygen, the latter extracted from the air as the plane flies.
"These flights were a proving ground, first of all to ensure we could handle the liquid hydrogen - we had lots of tests of that on the ground," said Mr Hill.
"Then we wanted to fly the technology, but we didn't fuel the plane all the way up - if we had done, we could have flown for about 24 hours. But as it is, we had two flights of just over an hour each."
The plane, which looks like a glider, was first flown on 26 May at the US Army's Yuma Proving Grounds in Arizona. A second test flight took place on 2 June.
The company previously fitted a fuel cell propulsion system to its mainly solar-powered plane Helios, which set an altitude record for a non-rocket-powered winged aircraft in 2001 when it climbed to 29.5km (96,863ft).
However, Helios broke apart on a subsequent flight in June 2003 before the fuel cell system could be evaluated.
The company believes aircraft along the lines of Global Observer could be used as telecommunications platforms, replacing or complementing the role of satellites.
GIGM
I think/hope so Snap
But I was in again around 2.1
Still like this.
Looking to go around 2.60 and then retrace
Although I dont like to gamble !!! LOL
Hope everyone had a good holiday.
GMTA !
Excellent DD Investo,
Thanks.
That seems to answer the 'rest of the story'
Interesting Investo,
Your ahead of me LOL.
Well I would join you @ .015 but it seems the MM's are making it impossible to trade.
Its the same day after day.
At present the stock is at 0.016 Bid and ask # 0.029 - 0.032 !!
Now I wonder what kind of a combined position WE all have.
Perhaps combining our stock could provide leverage ?
What is a little concerning is that Tom had to go to Cornell.
A sample of the finance deal that they do is arrangement % ++ 12.5%
By the way I nursed BLYC for weeks. Should have covered more but glad now to be out with a good profit.
I am learning once more the eternal lesson to set a mental stop and stick to it !
GLTY
If you do get a fill even @ 0.016 plsd give me a PM Tks
I agree investo,
Suppose this previously 'family' business has learnt all the wrong things from Cornell about being a publically traded company.
Maybe I would want to regain control by buying in at these levels.
Signs of insider buying?
I think that might be the key to a turnaround. JMO
GLTA
(If you want to see what sitting on something like this does after a few months of patience and frustrations just look what BLYC did over the last few days !!)
Nano Nano !
GLTY !!
Another interesting day,
Held up well.
Still holding but their freebies now which is nice.
Holding for the interest and fun now.
BTW heres a link for your SHO board.
Dont now if you have seen it yet bu its pretty powerful stuff.
Maybe deserves the header ??
http://www.faulkingtruth.com/Articles/Commentary/1006.html
Still going,
New HOD @ .0095?
Gotta remember this was a multipenny !
Long time coming back Barter !
Thanks DJ,
Powerful stuff !
Will pass it to Barters, SHO Board if you dont mind.
It should go on the Header in full IMO
At last Lowtrade,
Validation for the '8 ball school ! LOL
Randomness back to you.