Working hard to give my family a better life than I was handed.
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Yes Tracey; that is why so many have called me a quack or such for a long time saying "it is not possible", but it has been.
What is sad is so many equities right now are being driven down below former historic lows of last March simply by mass flooding of shares in markets (naked shortselling) and the SEC needs to stop that ASAP if they really care about attracting retail investors again.
How the hell can they allow someone to purchase and subsequently sell something that never existed beforehand? I have no problem with people investing or selling down the road for profits, but to be able to sell more of something that does not exist is mathematically impossible- BUT that is what has been going on too long everywhere. Gernmany banned naked shortselling. Australia banned naked shortselling.
I always stood by RBRM and have gotten upset with Dr. Phillips too seemingly doing nothing... but what worries me is after last March 2009's lows, so many games have been played all over by the likes of GS who is mad at the Fed right now, and some believe it is them and their flash trade programmes doing this everywhere giving the proverbial finger to the US Govt for fines and investigating their activities...
But, in close, since last March's lows, so many pension funds bought back into equity markets trying to recoup massive losses they felt and this is everyone from education system to State & Federal employee funds to others; and watching this week after week of constant falling in equities of all types, is spreading fear that many are already walking away from equities withdrawing what they had invested as it no longer is "investing" but some extremely elaborate algorhythm program that no human being can compete with and is unfair and wrong...
Major reversal in markets yesterday saw even large US steels turn around and close much higher.
Geitner left China and all is OK, and China's growth cannot be denied... Maybe cnbc will get off this bash China attitude they have had for months finally...
Hurricane season begins Tuesday. Will this have any affect on BDI and shipping?
Also the conversion price is $7.19 and I see this occuring by summer at the least now...
The low created yesterday was ridiculous as this is so oversold like most stocks now. A huge reversal occured late yesterday across market. In a week's time we saw DRYS go from where it was to below its previous 52 week low (like many stocks) so all the whiners on cnbc saying a correction was needed for a year got what they wanted in the past week now- hope they are happy and can report on some of the positive developments going on around the world instead of fear every day like they seem to do...
Timmie Geitner & Hillary left China on positve note for England next, and China is not slowing down on its growth and expansion of its new middle class society there today....
DRYS (like most stocks) has been driven down to new 52 week lows after last week's 12% drop across all markets... Now the naysayers and negative bashers got their 10% pullback cnbc kept going on about day after day and week after week....
Moving forward, there have been 4 upgrades I know of for DRYS showing PPS this year up towards $15.00. Now Lazard Capital who not long ago gave DRYS a supportive "buy" and higher PPS as well this year, is now the same group the US Fed is using to price the new GM stock IPO coming out soon too...
Have to be careful with PUDA overall, but cnbc daily bashing does not help as they attack oil leak in Gulf OM and China and other issues daily questioning everything in a fearful way, and that adds volatility and uncertainty and stocks from coal to alt energy are falling because of oil falling steeper toward $60/BBL now...
China mining safety disasters are also another problem going on going to affect coal and more regulations like we have here in USA with MSHA....
MTL struggling to hold gains and with market settling back over 12% last week now, seems cnbc is hell bent on spreading fear the world is going to end day after day...
As long as they bash oil problems in GOM, it seems all alt energy stocks as well are falling and mining related stocks too like MTL...
Can they ever report anything positive going on around the world instead of tragedy every day? This is why so much volatility and uneasiness as retail investors do not trust anything going on out there or how it is being reported.
Now that markets fell 12%+ last week, are the steels going to move higher having seen many new 52 week lows made now???
I agree too here, and last week's 12% market correction overall has pushed a majority of stocks back to extremely oversold conditions as well as new 52 week lows which was amazing to see occur. It was way overdone, but cnbc's daily negativity does not help any market either...
But this acquisition of GSI's is an additional long term success story happening without a doubt. May's ending and summer begins soon and China steels & shipping are set for some exceptionally good numbers goign forward from here as I see it.
Tracey, the Big Apple place is a dead issue now to my understanding. Dr. Phillips & gang found some bad troubling problems associated to them, or internally with them, and how they operate, and withdrew the marketing contract, reformulating something new and more reliable.
Guess we will see soon.
I am told there is to be some positive news forthcoming finally about where RBRM is at today and where their future is projected to be...
I own it in my portfolio from 5.83
For what it's worth, investors are setting GTC orders above 8.00 - 10.00 range before weekend comes to prevent brokerages from loaning those shares to naked shortsellers; and my wife who is an E-MBA called Greece two days ago and gave hell to finance people there regarding this stock, known manipulations, naked shortselling and contant daytrader shortsell groups attacking the stock to seemingly destroy it... And she reiterated market cap and future fianncial underpinnings that a higher market cap provides any corp. DRYS people said Economou and CFO & Board are working diligently daily for the drill rig plans executed as detailed previosuly and that they DO have concern for shareholders and that Deutsche Bank is helping them (not shorting the stock as Yahoo board shortsellers are posting in capital letters daily) and see the finalization of the business model for long term growth for shareholder value protection...
Also someone in shipping posted on Yahoo DRYS board they spoke to COO and he made comment to watch for recent development rig news come Monday or Tuesday but I cannot confirm legitimacy of that... Only that my wife spoke with Greece two days ago and they are very upset seeing their stock attacked and driven down as well, and say they are having people look inot the postings on yahoo Finance boards which have a negative impact on what good DRYS is trying to do long term for all shareholders concerned.....
Dr. Phillips needs to put out an earnings guidance report like this small cap China corp did tonight, and watch its stock grow exponentially for shareholders... This is one that uplisted to Nasdaq as well::
""XXXXXxxxxxx today announced guidance for fiscal year 2010. The Company expects 2010 revenues to be in the range of $76.5 million to $85 million, representing a 43% to 59% increase from $53.5 million in fiscal 2009. Earnings before interest, tax, depreciation and amortization, which is generally referred to as EBITDA and is a non-GAAP financial measure, is expected to be in the range of $22.7 million to $25.2 million, representing a 106% to 129% increase compared to $11.0 million in fiscal 2009. Adjusted net income, which excludes non-cash expenses related to convertible securities and warrants, is anticipated to be between $15.5 million and $16.3 million, representing an increase between 99% and 109%, compared to $7.8 million in fiscal 2009. The Company anticipates stronger demand for both its traditional forged products and ESR forged products in 2010, as management expects stronger sales of precision forged products used in large wind turbines. The Company anticipates revenue contributed by its wind industry segment will increase by approximately 75%.""""
China Wind Systems, Inc. Provides Guidance for Fiscal Year 2010
Last update: 5/11/2010 4:00:00 PMWUXI, Jiangsu Province, China, May 11, 2010 /PRNewswire via COMTEX/
-- China Wind Systems, Inc. (CWS), ("China Wind Systems" or the "Company"), a leading supplier of forged rolled rings and other forged components to the wind power and other industries and industrial equipment primarily to the textile industry in China, today announced guidance for fiscal year 2010.
The Company expects 2010 revenues to be in the range of $76.5 million to $85 million, representing a 43% to 59% increase from $53.5 million in fiscal 2009. Earnings before interest, tax, depreciation and amortization, which is generally referred to as EBITDA and is a non-GAAP financial measure, is expected to be in the range of $22.7 million to $25.2 million, representing a 106% to 129% increase compared to $11.0 million in fiscal 2009. Adjusted net income, which excludes non-cash expenses related to convertible securities and warrants, is anticipated to be between $15.5 million and $16.3 million, representing an increase between 99% and 109%, compared to $7.8 million in fiscal 2009.
The Company anticipates stronger demand for both its traditional forged products and ESR forged products in 2010, as management expects stronger sales of precision forged products used in large wind turbines. The Company anticipates revenue contributed by its wind industry segment will increase by approximately 75%.
In addition, the Company expects its dye machine segment to recover in 2010, given the industry's recovery in early 2010. "We are pleased to see a healthy flow of customer orders in early 2010," commented Mr. Jianhua Wu, Chairman and Chief Executive Officer. "As our forging facility becomes more efficient, we anticipate improvement in our profit margins. We believe we have the right strategy in place to cater to the rapidly growing wind power industry in China."
""Have they historically released earnings after hours when the missed estimates?""
They are releasing earnings 1 week earlier than anticipated- this is not to be taken negatively and could well be, because of new rig contracts...
This is absurdly low priced and this time frame going into fall is best historical time for shippers in general..
What would be funny is if all the cash Economou raised from previous offerings is utilized to say, acquire a former strong global driller's assets (like RIG) as they go under from the BP mess and are taken over for pennies on the dollar...
Boy, what a position it would place DRYS in as far as drilling/oil besides their existing strong dry bulk position globally....
That is how Perot or Buffet or Icahn even operate... Anything is possible.
Only thing I can see helping these people now after all this time (3 years), is to do what many China small caps did last year; reverse splits, uplist to nasdaq, and seeing those stocks go from pennies to double digit $$ share prices today in a year's time....
Higher share price better investor confidence... Above 5.00 institutionals can purchase as well as certain hedge funds...
SUTR achieves 3 major auto mfgr contracts--------
Sutor Technology Group Limited Announces New Contracts to Service the Auto Industry
Last update: 5/4/2010 9:00:00 AMCHANGSHU, China, May 4, 2010 /PRNewswire via COMTEX/
-- Sutor Technology Group Limited (the "Company", "Sutor") (SUTR), a leading China-based manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of down-stream applications, today announced it had signed contracts with Hyundai-KIA Group ("Hyundai-KIA"), Baosteel Group Corporation ("Baosteel") and Nantong GangZhen Steel Strip Ltd. ("Nantong GangZhen"). Under the contracts, Sutor will offer acid pickling steel processing services to Hyundai-KIA, Baosteel and Nantong GangZhen with an annual processing amount of 36,000 metric tons, 48,000 metric tons, and 42,000 metric tons, respectively. The processed steel products will be directly used in auto manufacturing.
Hyundai-KIA is one of the largest carmakers in the world; Baosteel is the largest publicly traded steel company in China and one of the top steelmakers in the world. According to industry sources, Baosteel controls approximately half of the domestic market for auto sheets. "The new contracts represent a significant progress for the Company as it continues to expand its customer base and gain market shares in the fastest growing segment of the economy," said Ms. Lifang Chen, Chairwoman and CEO of Sutor. "China is becoming the world's largest auto market and the demand for automobiles is expected to continue to grow in the coming years as a result of the country's growing economy and increasing affluence of the middle-class.
The contracts with the world leading auto and steel firms including Hyundai-KIA and Baosteel demonstrate Sutor's strong industry position and will help us capitalize on the compelling market opportunities ahead." "In addition, we are excited about the future strategic benefits of this kind of contracts," Ms. Chen continued. "By providing toll processing services, Sutor can more effectively use its working capital, will not have the risks associated with the fluctuations in the costs of raw materials, and these type of strategic projects allow better production planning and more consistent revenues.
As the Chinese government recently halted construction of new acid pickling production lines due to environmental protection concerns, Sutor will strengthen its position in the acid pickling processing business by taking advantage of its existing high acid pickling capacity with full compliance with relevant environmental protection standards."
??? Today the new PR/marketing/Media group they hired begin working for RBRM.... SO I guess we will see in time if this was a good investment by Dr. Phillips & gang or not....
Greece bans short-selling for two months
4:37a ET April 28, 2010 (MarketWatch)
FRANKFURT (MarketWatch) -- Greece's market regulator banned on Wednesday all short-selling of stocks listed on the Athens Exchange for the next two months, after local equities suffered a string of sell-offs in recent weeks as fears over the nation's debt crisis escalated.
The Hellenic Capital Market Commission said Wednesday it banned short-selling "after taking into account the conditions prevailing in the Greek market."
The ban became effective on Wednesday and will remain in force until June 28.
The Greek regulator's decision to slap a ban on short-selling comes a day after Standard & Poor's downgraded Greece's credit rating to junk status, triggering dramatic declines in local equities and bonds.
This is VERY good and not a normal dillution.... Adds another future financial tool to their toolbox should they require it in future for additional corp costs like tests, approvals, releases, marketing, studies, additional product sales line, etc etc etc...
I wish other corps would do this instead of traditional share reissuance to raise capital which adds dillution... This is not dillution at all.
Tracey, some of what you say has relevance but sorry, I cannot agree with all of it....
Nothing today makes sense and the old rules of gauging values with a corp and earnings and all that mean NOTHING anymore it seems as can be seen in hudnreds of cases out there right now with stocks seemingly not worthy getting huge investment interest, while others with decent earnings and low debt getting no attention.... Dividends MEAN NOTHING AS MOST CORPS DO NOT HAVE ANY TODAY EITHER...
Then you have to couple the clever fraud transactions by GS and others who can manipulate any stock price or market for their excessive greedy profits much like what was done to make GM look great only 1 year later paying back that TARP 5 years ahead of schedule???- I assure you it was NOT done by consumers buying record numbers of cars; it was GM giving the TARP $$ to the likes of a GS to do off book trading schemes and shorting various stocks ruining many new retail investors pulled in and it is criminal to see occuring out there still!!
Response from TD Ameritrade RE: RBRM price actions lately....:: FYI
Mr. Xxxxxx Xxxxxxxxxxx,
One common misconception regarding OTC equity securities is assuming they trade just like listed stocks (i.e. NYSE, NASDAQ, etc.). Dealers for OTC equity securities don't use the same trading and communication technology dealers for listed securities use. The more manual systems used by OTC equity dealers can lead to significant lag times in quotes and executions. This is especially true in the first several minutes after market open, and when a security begins trading higher than average volumes. During these times an order entered at the quote might not fill due to a queue of orders entered before that order, and/or orders entered at more aggressive prices.
Regulations do prohibit OTC security dealers from trading ahead of orders in their own book. However, this does not prevent a different dealer from trading at, or even through an order at another dealer. Therefore, at times you may see trades above and below your limit price while your order remains open. Factors leading to a trade printing through your price may include, but are not limited to, volatility, pressure on inter-dealer communications, the size and type of the transaction, and the accessibility of markets and quotation sources.
Sincerely,
David Holder
Apex Trade Resolution, TD AMERITRADE
Division of TD AMERITRADE, Inc.
Earnings TBA around May 4th
Let's hope this offering is clarified then as well as the anticipated developments with drillship progress from last CC....
Corps do offerings like this for the right reasons long term, so as an investor, I urge all of you to call Greece and the IR rep in USA demanding answers as I did and why these releases were out AH when markets are very thin instead of during normal market hours where it could be better absorbed..
All in all, this is good news, and when DB returns those shares, a corp also has option to "retire" them as well which means no dillution any more than it means any shorting- The shares were utilized for collateral enhancing only for LOC which is normal, and many times a corp will see those shares later retired as they have that option to do so then...
Tracey dear please understand... For me being with this 3+ years now it makes no sense, while after seeing the DOW receoup losses from 2 years ago even, why this stock goes nowhere and even has anyone excited about trading it for a fraction of a penny movement when it seems NEVER to be allowed to even touch 3 cents for one whole day in the last 2 years???
Who does this stuff??
We got corrupt banks who are plagued with debts that have seen shares pushed into stratosphere in last 2 years. We have countless China small caps from OTC this time last year who all did R/S and uplisted to Nasdaq and their share prices now into double digits in a years' time....
There are days with millions of shares shown traded on RBRM, yet the price never moves (low, high, last price all the same)??? Then you have days with a few hundred shares traded and it moves 1/2 cent or more?? Do you not find this strange??
Yesterday for grins, I tried to buy another 100,000 shares for my original investment and could not get any shares, yet it shows there were 171,000 shares traded???? I have done this "experiment" many times and the brokerage says there were no shares available for my order?? WTF is all I have got to say....
Maybe if you were one of the original investors over 3 years ago into this corp, you'd understand all the pissed off attitudes seeing its action for so long....
NONE of this makes sens eand I have posted over 2 years as well as communicated wiht Dr. Phillips....
All I know right now, is my wife was offered financial job with RBRM and she even spoke to Dr. Phillips about their operations and their common stock being so damn worthless and why they seemingly have ignored shareholders. She was told things were going to occur which this recent PR now shows and also she discussed other changes he needed to realize as he is a Dr, not a financial wizard, and some of those points discussed were stock buy back and/or a reverse split even in coming weeks and months along with their ongoing increase in business model doing well for them....
From my view, this stock is so descimated in price, who would want to shortsell or try to when there are many other higher valued stocks they can do that too for rgeater gains???
But I too am sick of seeing million share days and no stock movement, yet a couple hundred shares and any recent up moves are removed instantly?? Just makes no sense as if someone is playing wiht the stock and price for so long never allowing share price to hold above 3 cents at best....
This whole thing is pisssing off investors, as last night after hours, they released another offering with DB (small but significant), and this is strange seeing the CFO last CC stated their stock worth twice as much and no new capital raising needed now..
CALL IR today in USA & Greece home HQ and demand clarifictaion as to why they did this again after they did in November, and just days ahead of earnings release too....
This is a bad surprise to see when investors were waiting on drill ship results.
Why release AH in this market seeing small spec daytraders selling, when it was known earlier and kept from normal market- seeing DRYS close at HOD on increased buying volume which was very bullish to see...???
GS crap scaring markets but DRYS rebounding again showing strong upside volume climb slow & steady.
Press Release Source: ReBuilder Medical Technologies, Inc. On Monday April 19, 2010, 2:44 pm EDT
CHARLES TOWN, WV--(Marketwire - 04/19/10) - ReBuilder Medical Technologies, Inc. (Pinksheets:RBRM - News), a provider of the ReBuilder, a unique electronic treatment for the pain resulting from peripheral neuropathy, today announced that it has entered into a $300,000 agreement to promote awareness of the company.
"We are very pleased to report this new program," said David Phillips, Ph.D., CEO, "and we have several initiatives, certifications, gross sales increases, sales of state distributorships and the like to report in the coming weeks and months that should significantly enhance the company's financial position. We believe that this $300,000 investment will be well worth it. Our contract begins on May 1, 2010."
Additionally, Dr. Phillips reports: "We feel that by utilizing this large, national public relations firm, our exciting opportunities and performance in the coming months will be managed in the best way possible to benefit our stockholders."
Finally, Dr. Phillips told reporters today: "We have waited a long time to get into this exciting phase of our business. I have been asked many times in the past year why we have not released much in the way of news, and one of the reasons was that we did not feel that we had an effective way to monitor the naked short sellers. We are now prepared to seek immediate legal action against illegal short sellers and expose them publically."
Dr. David B. Phillips continued: "Now that we feel that we will have regular positive news to report, that makes it very risky for short sellers to sell stock that they do not own (sometimes more than the company has even authorized). These unethical brokers then buy the stock an artificially lowered price (due to the massive sales of stock they did not have) to deliver to the buyers they sold to at a higher price. If our equity is finally recognized at its real value and then increases steadily, that pulls the rug out from under these stock manipulators."
Dr. Phillips finished his announcement with a call to his current investors to follow the company closely in the coming weeks and months and to feel free to contact Big Apple Consulting after May 1, 2010.
In the meantime, inquiries can be made at http://www.rebuildermedical.com/.
Yes and long overdue!!!!!!
My wife was interviewing with them not long ago and Dr. Phillips told her many changes were coming, especially combatting the sheer amount of naked shortselling affecting the stock the last couple eyers as well as more prudent focus on shareholder valuations in the coming months... She mentioend ot him several options like stock buyback by RBRM to reduce outstanding market shares amongst other strategies.....
This is finally very good to see happen.
For two weeks now, the price has been collared between 1.14-1.16 and I saw this occur many times before from bank stocks to others, and it was MM's playing games so larger hands could accumulate large positions without affecting market price making massive swings, UNTIL they are done accumulating, and the market price is allowed to move upward on its own momentum.
This is what I am seeing go on here textbook style with YMI... They certainly seem to be at top of the bio type lists as far as I am concerned, but I am far from expert on them.
I am simply disatisfied with this report. They should have done better but didn't. CPSL did better than GSI, and SUTR blew roof off all of the China steels in their earnings report and seems to be the leader going forward now.
Excellent news indeed on top of a stellar earnings report as well... But it lags still which surprises me to see...
After GSI reported devastating results other day, you'd think SUTR would jump ahead as The Leader in China steels now as they seem to have the best of everything occuring for them and will benefit from ongoing China rural development going on.
We will see Marine, as overall market has been strong and Asian demand constant and rural development going on yet this stock seems to get stuck regardless it had positive earnings again...
With all the rural development going on, I am looking into China wind type stocks if there exists any there as they should benefit well in that regard.
After 2 years watching this stock, it bewilder sme to be honest.
The table below describes our drybulk fleet profile as of February 25, 2010:
Year Gross rate Redelivery
Built DWT Type Per day Earliest Latest
Fixed rate
employment
-----------
Capesize:
Alameda 2001 170,269 Capesize $ 21,000 Feb-11 May-11
Brisbane 1995 151,066 Capesize $ 25,000 Dec-11 Apr-12
Capri 2001 172,579 Capesize $ 61,000 Apr-18 Jun-18
Flecha 2004 170,012 Capesize $ 55,000 Jul-18 Nov-18
Manasota 2004 171,061 Capesize $ 67,000 Feb-13 Apr-13
Mystic 2008 170,500 Capesize $ 52,310 Aug-18 Dec-18
Samsara 1996 150,393 Capesize $ 57,000 Dec-11 Apr-12
Panamax:
Avoca 2004 76,500 Panamax $ 45,500 Aug-13 Dec-13
Bargara 2002 74,832 Panamax $ 43,750 May-12 Jul-12
Capitola 2001 74,832 Panamax $ 39,500 Jun-13 Aug-13
Catalina 2005 74,432 Panamax $ 40,000 Jun-13 Aug-13
Conquistador 2000 75,607 Panamax $ 17,750 Aug-11 Nov-11
Coronado 2000 75,706 Panamax $ 18,250 Sep-11 Nov-11
Ecola 2001 73,931 Panamax $ 43,500 Jun-12 Aug-12
La Jolla 1997 72,126 Panamax $ 14,750 Aug-11 Nov-11
Levanto 2001 73,931 Panamax $ 16,800 Sep-11 Nov-11
Ligari 2004 75,583 Panamax $ 55,500 Jun-12 Aug-12
Maganari 2001 75,941 Panamax $ 14,500 Jul-11 Sep-11
Majorca 2005 74,364 Panamax $ 43,750 Jun-12 Aug-12
Marbella 2000 72,561 Panamax $ 14,750 Aug-11 Nov-11
Mendocino 2002 76,623 Panamax $ 56,500 Jun-12 Sep-12
Ocean Crystal 1999 73,688 Panamax $ 15,000 Aug-11 Nov-11
Oliva 2009 75,000 Panamax $ 17,850 Oct-11 Dec-11
Oregon 2002 74,204 Panamax $ 16,350 Aug-11 Oct-11
Padre 2004 73,601 Panamax $ 46,500 Sep-12 Dec-12
Positano 2000 73,288 Panamax $ 42,500 Sep-13 Dec-13
Primera 1998 72,495 Panamax $ 18,250* Dec-10 Dec-10
Rapallo 2009 75,000 Panamax $ 15,400 Aug-11 Oct-11
Redondo 2000 74,716 Panamax $ 34,500 Apr-13 Jun-13
Saldanha 2004 75,500 Panamax $ 52,500 Jun-12 Sep-12
Samatan 2001 74,823 Panamax $ 39,500 May-13 Jul-13
Sonoma 2001 74,786 Panamax $ 19,300 Sept-11 Nov-11
Sorrento 2004 76,633 Panamax $ 17,300 Sep-11 Dec-11
Toro 1995 73,034 Panamax $ 16,750 May-11 Jul-11
Xanadu 1999 72,270 Panamax $ 39,750 Jul-13 Sep-13
Supramax:
Pachino 2002 51,201 Supramax $ 20,250 Sep-10 Feb-11
Paros I 2003 51,201 Supramax $ 27,135 Oct-11 May-12
Newbuildings
------------
Panamax 1** 2011 76,000 Panamax
Panamax 2** 2012 76,000 Panamax
* Based on a synthetic time charter
** Shipbuilding contracts in process of execution
SEC contacted about RBRM stock activities on this and YahooFinance stock boards::
Subject: SEC Response - File HO::~00025940~::HO [ ref:00D3JxQy.50038EKeJ:ref ]
Date: 3/4/2010 11:54:27 A.M. Eastern Standard Time
From: help@sec.gov
Dear Mr. XXXxxxxxxxxxxxxxxx:
Thank you for taking the time to alert us to your concerns regarding Rebuilder Medical Technologies. The SEC’s Office of Investor Education and Advocacy (OIEA) processes many complaints received from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some correspondence received by OIEA is referred directly to other SEC offices and divisions for their review.
Please understand that the SEC conducts its investigations on a confidential and nonpublic basis and neither confirms nor denies the existence of an investigation unless the SEC brings charges against someone involved. We do this to protect the integrity and effectiveness of our investigative process and to preserve the privacy of the individuals and entities involved.
As a result, we will not be able to confirm whether an investigation exists or provide you with any future updates on the status of your complaint or of any pending SEC investigation. You may wish to check our website, www.sec.gov, for information about pending SEC civil actions, administrative cases, and other matters. Please do note that if an investigation or other Commission action is initiated, it is possible you will be contacted by SEC staff for additional information.
I’ve attached a flyer that describes our policy as it will apply to your complaint. Please don’t hesitate to contact me if you have any other questions.
Sincerely,
Ms. Kerry McGovern
Investor Assistance Specialist
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
----------------------------------------------------------------------------------------------
INFORMATION ABOUT SEC INVESTIGATIONS
Each year, thousands of investors ask the Securities and Exchange Commission to investigate the activities of other investors, financial professionals, corporations, brokerage firms, investment companies, stock exchanges, and others. These complaints generally suggest some impropriety or misconduct and sometimes make a plea to the SEC for direct assistance in resolving a grievance.
The SEC has the authority to investigate whether violations of the federal securities laws have occurred, and we make every effort to evaluate promptly and thoroughly the information provided by investors. But we cannot investigate every investor complaint. While many investor complaints do lead to full investigations and, if appropriate, to enforcement actions, we cannot guarantee that our review will lead to further investigation or that the SEC will take any legal action.
I have seen a lot more offerings this year for expansion capital of many corps globally. This is a good thing..
I am new to bio types but I have watched 3: sqnm, tpi, YMI and my favorite of the three seems to be YMI for many reasons; so I am considering making a long term investment in this especially after this offering as the prices are a basement bargain price I do not believe we will ever see again from here...
Looks to be consolidating this past week with new support base for higher share values..
BDI been escalating for a week and today even higher (not happened in over a year). DRYS has dry bulk usage contracts locked in going 3 years out with increased eyarly pricing rates. They have oil drill rig exploting crude as we speak through Petrobas and other oil drill contracts coming on anytime now. Last Monday's massive volume buying of stock as well as 7.00 call options was no blip to be ignored either!!
DRYS stock has gained since Feb lows and for over 1 week maintained a price above 6.00 regardless of repeated dayrtader shortseller attacks here or on yahooFinance boards to do so and try to drive it down- but they have not nor cannot any longer.
Last Friday and late weeks slower overall markets was because of so much focus on bank stocks again especially C stock via cnbc and their 1Billion + volume days 4 days in a row not seen for over 2 years on C...
China's demand is one major factor as well as many other positives an investor needs ot see longer term, as this stock is historically cheap here simply put and this shipper and sector was harshly beat down the last 2 years when economy tanked.... That was the past and DRYS and other shippers & transports are and have been increasing in value as elsewhere in the world industry & growth increases like Asia, regardless the USA will be in trouble for many years as we revisit the 1970's here again and never learned our past lessons..