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I'm still holding and like everyone would love to see this rise to multi pennies. Problem is still the reverse split stigma. Just the mere possibility scares most potential investors. The reality announced in a PR is almost a death nell. Any player in pennystockland who has been around for more than a few months knows a reverse split 99% of the time is not shareholder friendly. Sure there are exceptions but are few and far between. Just look at the difference in demand for shares between last Friday and the past 3 days. It has been mentioned here before of the disappearance of many posters that were here last Friday and now no where to be seen. I checked back and found none of them in my pump and dumper file list. I sincerely hope the company puts out something that makes me look very foolish in my doubts. If it's going to make my account numbers rise I don't mind at all.
Best of luck to all here.
.........al
American values have been betrayed by every president, and almost every congressperson since JFK. He tried to end the federal reserve system by replacing the federal reserve note with a United States note effectively nullifying the power of central bankers. Two weeks later he met his end in Dallas. Was this a warning to future officeholders?
.......al
Basser- we can also remind everyone that information just is. It is neither good nor bad, just neutral. It is up to the individual interpretation whether the info to them is good or bad. If the company put out that sales went up 3000% most would perceive that as good news. But if I had sold short company shares I would not be too pleased with it. I'm sure everyone could come up with many more examples of interpretations. Past experiences, bias and predjudices can also affect how one interprets information. It's all part of information processing by the human mind. And we all do it a little differently.
.........al
Just wondering if the latest on the death of Bin Laden coupled with the birth certificate drama along with all the hoopla and controversy than has surrounded each and will continue to do so, is all just a grand design to get peoples' minds off the sad state of the economy. A quasi loosely knit conspiracy between democrats and republicans aided by a willing media would not surprise me. Not that it has happened before or anything like that.
.......al
Just gobbled up 30000 of those .0103s. Have to laugh,last year this time I was just holding to sell this to offset gains elsewhere. Now I'm adding every so often.
.........al
And for the record I am still holding my shares. Haven't sold but am thinking about it.
........al
Reverse Split possibles:
After the action last Friday with a whopping share price increase on the merger news, followed by the reverse split news released on a Sunday night, one can only speculate on the whys.
1. The company is just plain dumb and didn't realize what they were doing to shareholders.
2. After Friday's action the MMs were so short of shares sold short and afraid the share price would continue to rise exponentially compounding their losses that they somehow got the new owners to put out the release to scare shareholders into selling.
3. The company is really smart and put out the release as they want to buy up the float on the cheap.
4. The company will need large amounts of cash up front to pay for the new plants they plan to establish and will seriously dilute once the R/S takes effect.
Please feel free to add or speculate on these scenarios.
.........al
Stephanie-
repubs make the MESS.. DEMS have to come in to clean it UP
L2 ask NITE .004, DOMS .0057 eom
I would hope the SEC is notified of this action. It was most likely done by a small timer. If it were a big bank it would be swept under the carpet.
........al
Watching L2 bid support stacking up nicely since the PR seems to be false. Reverse splits are far more likely to be the death nell of an otc company than the rejuvenator that companies like to say. Thanks to all that are tirelessly researching this.
...........al
MMs must be laughing all the way to the bank. Anything they sold short Friday at 1¢ are certainly now covered.
...........al
I hope you are right. With the revenue projections listed even with 225m OS the pps could reach $1 w/o the R/S. Company needs to supply more info.
.......al
Company news listed on the board. Installed first electric car station with the gov present.
..........al
Anyone catch the news? eom
Since there was no mention of moving the stock to a higher exchange, the only reason to do a R/S could be to sell more shares for capital requirements. It takes a lot of $$ to build an industrial waste facility even in Mexico. I would hope the IR people come out an give a more reasonable explanation as to why they need to do a R/S. I've had this for 4 months, sold some Friday to recoup initial investment and holding the free riders until I can sort this out better. It just makes no sense.
........al
I hear you. I have read Ted Butler for years. He has pointed many people in the direction of the smoke of manipulation. Too much smoke, there's got to be a fire somewhere. If we could enact a ban on regulators where they could not go back into the industry they regulated for 20 or more years nor could they lobby for them, we could possibly have regulatory bodies that are resposible to the taxpayers and not beholden to the bankers. Wishful thinking, I know.
.........al
Been watching it. Unusual for a Sunday night. Silver has always been far more volatile than gold. Personally I'm not worried. Correction was coming at any time.
......al
I read somewhere that it was closer to 8 million. Of course that could be political propaganda. It was also our tax dollars that were used according to the article I read. I couldn't verify any of it.
.........al
Karl Denninger also finds fault, but quite differently. I don't know photography tech, perhaps someone does.
.......al
http://market-ticker.org/
There's an old saying: When the facts support your position, use them. When they don't, or when you get caught lying, throw crap at the wall and hope something sticks!
The latest is the National Review which had this to say about my analysis on the birth certificate:
The PDF is composed of multiple images. That’s correct. Using a photo editor or PDF viewer of your choice, you can extract this image data, view it, hide it, etc. But these layers, as they’re being called, aren’t layers in the traditional photo-editing sense of the word. They are, quite literally, pieces of image data that have been positioned in a PDF container. They appear as text but also contain glyphs, dots, lines, boxes, squiggles, and random garbage. They’re not combined or merged in any way. Quite simply, they look like they were created programmatically, not by a human.
This is what happens when you don't bother actually watching the video I posted, or looking into the provenance of what you're arguing over - you just throw crap at the wall. Nathan goes on to post a PDF that he scanned which shows his "layers."
Unfortunately, in doing so, he proved that I'm correct.
See, the issue isn't layers. Yes, the layers are suspicious, but they're not the smoking gun. The smoking gun is that there are no chromatic artifacts in the Obama document, but the document is allegedly a color scan of an actual piece of paper, and we know it had to be a color scan because the background is allegedly color safety paper.
National Review's document, unsurprisingly, is a scan of a color document. How do we know? Because if you simply pull it up in your web browser (which will open the embedded Acrobat Reader) and zoom it up, you will see this:
Note the chromatic aberration. This document is in fact a color scan.
And here is a blown-up piece of the so-called "scan" of Obama's document:
Note the absence of chromatic aberration. The Obama White House document is not an unaltered color scan.
Folks, this is physics. It is "how things work." It is why you see rainbows. Light always is refracted slightly differently depending on wavelength when it goes through a lens - as is necessary to focus it so as to make an image.
Could I scan an image in color and then make this "go away" in an image program? Probably. Why would you? The intent of the release, remember, is to produce an actual image of a physical document and the claim made was that this was a copy of a physical piece of paper.
The Obots were all over me yesterday with the claim that "well, it could have been an electronic copy." No, it wasn't. Beyond the fact that certified copies are always printed to paper and then authenticated (e.g. with a raised seal) there is documentary evidence that Hawaii did exactly that. Look here. Hawaii produced photocopies - not electronic copies, photostatic copies of the original.
Well, that's even more troublesome, because if they were photocopies how is it that the Associated Press and the White House wound up with two very different-looking documents? How do you take a photocopy and have two different "versions" of that same piece of paper magically appear - one with a green safety paper background and the other not? Incidentally, we know factually that the green "safety paper" in question did not exist and was not used in 1961 as there are dozens of close-in-time actual birth certificates from Hawaii that have been floating around the Internet and have been posted. Therefore, given that Hawaii has stated in a public, signed letter that it issued photostatic copies of the original in the bound book the copy on the White House site has to have been - at minimum - "enhanced."
My next question (which I've tried to get answered without success) is where did the AP get the piece of paper that they put into a scanner? And note carefully: AP did, in fact, place a piece of paper into a scanner and published what came out. There is no evidence that AP tampered with the digital representation of what they scanned, while there's plenty of evidence that the White House did, and in fact what the White House produced does not appear to be an actual scan at all but is a created digital document.
The question, therefore, is what was the source and provenance of the document AP scanned? We know the apparent answer: It came from the White House, and had to, since the correspondence says that there were only two copies produced and both went directly to White House counsel. What AP presented is only as good as the source of the paper they were handed.
There are others who have noted a number of other problems with the document presented. Among them are that there are no apparent tab stops used on the Obama "birth certificate." 1961 was the day of the typewriter, and nobody hand-centered things like that. Production typists used tab stops and if you look at other, known-authentic birth certificates from the time, you'll note that they're tab-aligned. Obama's is not. Remember Dan Rather and his little forgery? 20-something idiots in the White House IT department have never used an actual typewriter in their life. 40-something bloggers and their girlfriends (and "Batgirl" deserves recognition for the catch on this one) most certainly did during our school and college years, and we remember how they worked too. Nobody ever manually centered or manually-aligned production documents in a typewriter. Can that be explained? Maybe the janitor typed Obama's birth certificate. Or maybe he was "really special" compared to the thousands of other births in Hawaii, and a lowly typist in 1961 "knew" he should have a "really pretty" typed certificate because he'd be President 40 years later. It's also entirely plausible that aliens really did land in Roswell, you know.
Other curiosities include the fact that the time of birth is exactly the same on the (now-discredited - or is it?) Kenyan birth certificate that has been floating around the Internet, and that registration dates on the long-form match the Kenyan "forgery" as well. How did a purely fraudulent document in a foreign nation happen to wind up with the exact same time of birth and certification dates as the alleged "real" certificate - if Hawaii never released the latter information until now? That's a hell of a coincidence. Yes, I know the time of birth was "out there." The certification dates were not, to the best of my ability to determine, public knowledge.
This debate is not, at this point, about whether Obama was born in the United States. There are plenty of people who question that, but this case simply isn't about that any more.
This case is about whether a sitting President presented an altered - that is, forged - document to the American public and claimed it was authentic. You cannot at the same time have Hawaii state that they made two PHOTOCOPIES of an original in a book and then have the White House and AP release "scanned" copies of that document which appear to have been printed on entirely-different paper, never mind that one of them is clearly not a simple scan.
The evidence strongly supports this allegation. The obvious next question is this: What, Mr. President, are you trying to hide, and we then must turn to whether a sitting President should be permitted to erase the tapes that document his knowledge of a break-in to a hotel....
I've been saying that for years. If you can't hold it in your hand, do not assume you own it.
.........al
Most sought after barter items:
tobacco and alcohol
There are many things in Obamacare that are good and right. But there are also many things that are not good and wrong. Trouble was that corporate lobbyists got their hands in there and what may have started as a nice idea became polluted by special interests. "We The People" then became a secondary interest in the legislation. I don't blame corporate America. I put the blame squarely where it belongs: the people we elect to represent us who allowed it to happen.
A very Happy Easter to all here.
.........al
Just stopped by to wish everyone a Happy Easter.
........al
Happy Easter to all. Enjoy it in good health with friends and family.
...........al
PegnVa, you'll get no arguement from me there. I think that is what I tried to say before in different words. Independants are a force in national elections. The republican party has moved so far right and put a lot of fear in traditional democrat bases. The programs they are trying to gut are targeting traditional democrat bases. It makes getting out the vote much easier. And you know with what has been going on in the states with republican governors trying to break unions, the unions will be providing the much needed foot soldiers getting out the vote for democrat candidates. Again IMHO and I'm no expert, the resurgence of the republican party in the last election is not that they are more popular, it was punishing democrats for Obamacare. The huge deficits didn't help but they are just numbers to the average American. The only reason people are getting concerned is that they are paying more for everything while the gov't is lying about inflation, and just about everything else also.
........al
PegnVA- if you have read Denninger lately you would already know that altho he helped start the tea party movement, he has moved far away from them as they have cast aside their roots and became political in nature.
IMHO and I freely admit I am no expert in politics, I believe the way the republican party is acting in the House is going to guarantee Obama a second term. I think the rhetoric is scaring and galvanizing the hugh democrat base in the lower economic scales. The democratic party would be insane to not play that up big come election time in 2012. See the recent tax issue over rates for the "rich". They were very succesful painting the republicans as the party of the "rich". I am for gridlock myself. The more time they spend postureing and throwing barbs at each other, the less they get accomplished. The less they do the less harm they do. I give you the Patriot Act and Obamacare and TSA as prime examples. Gridlock is good and more people every day are beginning to realize it.
.........al
They'll start to care when it take $100+ to fill their gas tanks. I think that each day many more Americans are waking up. I have always maintained that if a terrorist nuclear attack was coming the safesr place to be would be Washington DC. Even the terrorists can see that they are doing more harm to America than any terrorist action could do. Why wipe them out?
.......al
Obama Directs Holder To Indict Obama And Bernanke
by Karl Denninger
(Reuters) - President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation in the oil markets that might be contributing to higher U.S. gasoline prices.
This case will require 15 seconds to solve. My evidence is below:
The chart is oil, the white line the dollar.
The dollar has collapsed as Bernanke and Obama have together conspired to demand QE2 to support Obama's insane borrowing and spending in the economy.
There is a near-perfect inverse correlation between these two charts.
Please surrender at the nearest FBI office for your arrest Mr. Bernanke and Mr. Obama.
Case CLOSED.
Kitco has an app that put precious metals prices in your toolbar. It updates every minute 24/7.
http://applications.kitco.com/supportcenter/windows/windows-support.html
.........al
He seems to speak out of both sides of his mouth and frequently....
he is only interested in being reelected.
If you are talking about buying silver coins on Ebay, bidding usually doesn't get serious until a minute or two before it closes. I've had wins turn into losses within a second of closing. Just FYI.
........al
Starting to slow? LOL. eom
If Obama is promoting class warfare, then why has he not directed his justice department to start prosecuting for the fraudulent banking practices that have brought the economy down and are still going on? It just seems like the opposite of that article to me. He seems to be protecting these same people he wants to demonize publically. Enforcement agencies have been complaining since the Bush years of lack of personnel and funds to persue these criminals, yet nothing was forthcoming from the new president and congress. I just find it somewhat comical that words and deeds seem at cross purposes.
.........al
Technology Is Turning Shale Into Viable Energy Source, but Safety Concerns Persist
By John Roberts
Published April 20, 2011
| FoxNews.com
With gasoline approaching a national average of $4 a gallon and some areas already touching the $5 mark, Americans are feeling the pain of petrochemicals in their wallet.
But a new push to exploit a long-known but unavailable resource may offer some relief. It’s shale gas – natural gas that is bound up tightly in solid rock about 5,000 to 6,000 feet underground.
Geologists and energy companies have known it was there for decades, but the technology didn’t exist to get it out.
In recent years, a combination of techniques – horizontal drilling and hydraulic fracturing or “fracking” -- have made it possible to extract shale gas economically.
“This is an opportunity where we can use some home-grown energy sources to fuel our energy, versus having to import it and deal with all the issues you have in terms of national security,” John Pinkerton, the CEO of Range Resources, said.
Range is one of the bigger players in the Marcellus shale, a huge swath of prehistoric seabed that lies some 5,000 to 7,000 feet beneath Pennsylvania, West Virginia, eastern Ohio and southwestern New York.
The estimates vary widely, but depending on whose numbers are correct, there could be anywhere between 20 and 200 years worth of natural gas.
Cracking the shale to release the gas is a complex process. Drill bits reach deep into the ground, then are turned sideways to penetrate the rock. After explosives fracture the shale, millions of gallons of so-called “fracking” fluid – water, sand and other chemicals -- are pumped in under extreme pressure to expand the cracks, freeing the gas to flow back up the well.
The flood of companies pouring into once depressed areas has lit a fire under local economies. Towanda, Pa., population 3,000, has become a boomtown.
“It’s just been fantastic,” hotel owner Gregg Murelle said of the shale gas explosion. He has two hotels in Towanda, both of them filled to capacity with gas field workers. He is putting the finishing touches on a third hotel, which is booked for the next 18 months.
“We’ve been very lucky,” Murelle said. “With this gas industry coming to town, we’ve missed the recession, so to speak. This area did not get hit, we’ve been insulated from it.”
Pennsylvania’s new governor Tom Corbett says shale gas can become a cornerstone in his state's economy. He estimates 40,000 jobs have been created so far.
But opponents of drilling charge he is in the pocket of the gas industry, and they have criticized his refusal to tax gas exploration – forsaking huge revenues that could help close his state’s $4 billion deficit hole.
Corbett is unapologetic.
“If we start taxing one industry because they're bringing in a lot of money to Pennsylvania, what does that say to other industries outside of Pennsylvania that may look to Pennsylvania to come here?” Corbett told Fox News.
The shale gas boom is a relatively new industry and loosely regulated. And with it have come new problems.
Craig Sautner of Dimock, Pa, had a water well suddenly start spewing methane after Cabot Oil and Gas “fracked” a well 1,000 feet from his home.
“They had to put this pipe on here to vent the gas out of it,” he said.
Several homes in the area had similar problems. In fact, the well owned by Norma Fiorentino blew up when a spark ignited gas that had collected at the surface.
Sautner is taking a stand: No more “fracking” without new regulations.
“My daughter would get in the shower in the morning before school, and she would have to get out and lay on the floor because she thought she was going to pass out from all the methane in the water,” he said.
Pennsylvania’s Department of Environmental Protection cited Cabot for a faulty well casing that allowed gas to contaminate the aquifer. Cabot denies any responsibility, but it supplies fresh water to the Sautners and their neighbors. Cabot also settled with the state for $4.1 million.
Sautner’s wife, Julie, says they are living proof of the tradeoff in exploring domestic resources.
“We absolutely believe that America does need to seek out their own natural resources,”she said, “but at what expense?”
Carol and Don Johnson can calculate that expense almost to the dollar. They leased acreage on their farm to East Resources -- hoping for big royalties.
Instead, last May, a huge wastewater pond built by East leaked into a pasture where their cattle were grazing, forcing the entire herd to be quarantined. The Johnsons don’t expect they’ll fetch much at auction next year.
Carol Johnson said she wouldn't be very comfortable eating meat from the herd.
“I don’t know what’s in them, and I don’t want to take the chance," she said. "I wouldn’t want my grandchildren eating them.”
They may never know what their cattle drank. Because of a government loophole, “fracking” is exempt from the federal Clean Water Act. Companies are not required to disclose what’s in their fracking fluids, some of which contain toxic chemicals. The ordeal likely will cost the Johnsons thousands of dollars, but they are not against drilling.
“I am absolutely not against it,” Don Johnson told me. “I’m for it. But it should be done in a rightful way.”
Pinkerton, of Range Resources, agrees. In the past, his company was accused of contaminating ground water, and at one time it used toxic diesel fuel in the fracking fluid. Now Range voluntarily discloses what’s in its mix, and is trying to lead the way with non-toxic fluids and responsible drilling practices.
“We believe very strongly that we need to have a high standard of care,” he said. “And the companies that subscribe to that will be able to go about our business. The ones that don’t – let’s shut them down.”
Pennsylvania’s governor says with a new industry using new practices in such numbers, mistakes were bound to be made. The goal going forward, he says, is to minimize, even eliminate, mistakes.
http://www.foxnews.com/us/2011/04/20/technology-extract-shale-taking-new-look-old-energy-source/?test=latestnews
Totally in agreement. I see it coming almost everywhere but here in northern PA. We have natural gas and lots of it. Land and housing prices are still somewhat reasonable if you don't want the mineral rights that go with it. If you want them get ready to pay dearly. I think even this will level out eventually but not in the near future. Without the gas, we would probably be seeing the same declines as everywhere else.
........al
Yes, and we'll see the housing market decline to the point where the average Joe working man getting paid not much more than minimum wage will be able to afford it. It's almost a mathematical inevitability.
.......al
Basser, yup, hoping and waiting for the best here. Hard not to see both sides of the fence from up here. Will they make it? I don't know, but I'm along for the ride if they do. If not I'll keep the taxman at bay for awhile anyway. Too wet out here to play in the garden, so I'm here bothering people on the internet today, LOL. And for the record, no one twisted my arm to buy this stock. I made my own decision and will live with it either way.
.........al
I make my own wines but would like the cheese, LOL. Big "ifs" here but 10¢ pps is not unreasonable, IF there is no more dilution and IF we start seeing increasing sales numbers. If they can't stop the dilution nor get sales ramped up I guess the only alternative is to hold and sell to offset gains elsewhere. Keep the taxman at bay.
.........al from the fence
Eventually real estate will be priced according to what one can afford...
...it's getting there as the collapse comtinues.