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re: shorting- I don't think any of us has the type of account to short penny stocks. Most of it is done offshore where it is legal. I have heard rumors in the past that Alex and co use this also to make money off the stock. It is only a rumor and I can't prove it either way. It looks like the stock is on its way to a banner year in the race to .0001¢ and the next reverse split. The lightening fast drop to sub penny tells me the word is getting out on this company and investors are shunning it for the most part. Regulators won't help the small investor. Besides, as long as they are producing a product and following their articles of incorporation and not breaking the law, they can do all the reverse splits they want legally. The moral issue is another story. It's good to see more and more people becoming aware and staying around with the warnings. It will do more good than trying to get the SEC's attention. No headlines from busting pinkies. GL2U
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Boost- first let me wish a Happy and Healthy Thanksgiving to all, and may all your endeavors be worthwhile. In response to your question, normally the O/S are not reduced during a reverse split unless it is specifically stated in the PR announcing it. I seriously doubt these people running this company are going to reduce the O/S. It's the key to their personal ATM.
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Lurker- Personally I think you're aiming a little high, but I'd be thrilled if we hit it, stranger things have happened here in pennyland. I wasn't trying to offend anyone, just trying to bring a little reality and sanity to the whole situation.
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hey guys (and girls). Let it go already. How a person chooses to buy stocks is their own style. The other day when the bid was .0026 and the ask was .0027, I put in an order for 6.5 million shares at .0027. They filled 55,000 at the then ask price of .0027 in less than a minute. After that the ask went to .0028 and my order became the bid at .0027. It took all afternoon and I ended up with a little over 6 million, but all but those first 55,000 shares were obtained at the bid. Does that make me a bad person? In addition, I am not adding those shares to my core position- of which only a very few people posting here have a larger core position. I bought those shares to swing trade up and make some money while waiting for the real return later. Anything wrong with making a profit? Anyone reading this message that has a problem with what I just posted should seriously consider getting as far away from penny stocks as you can. Just my 2¢. Go ahead and sling the mud and rocks. I hope someone throws a beer along with it. It's 4pm, Miller time.
Good luck to all here.
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Blue Horse shoe- juts an FYI. Remember in my last post about the possibility of government confiscation of gold and gold assets? It seems to be happenning already.
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Liberty Dollar Company Announcement
Thursday, November 15, 2007
Dear Liberty Dollar Supporters:
I sincerely regret to inform you that about 8 this morning a dozen FBI and Secret Service agents raided the Liberty Dollar office in Evansville, Indiana.
For approximately six hours they took all the gold, all the silver, all the platinum, and almost two tons of Ron Paul Dollars that were just delivered last Friday. They also took all the files and computers and froze our bank accounts.
We have no money. We have no products. We have no records to even know what was ordered or what you are owed. We have nothing but the will to push forward and overcome this massive assault on our liberty and our right to have real money as defined by the U.S. Constitution.
We should not be defrauded by the fake government money.
But to make matters worse, all the gold and silver that backs up the paper certificates and digital currency held in the vault at Sunshine Mint has also been confiscated. Even the dies for minting the gold and silver Libertys have been taken.
All this has happened even though Edmond C. Moy, the director of the U.S. Mint, acknowledged in a letter to a U.S. senator that the paper certificates did not violate Section 486 and were not illegal.
But the FBI and Secret Service took all the paper currency too.
The possibility of such action was the reason the Liberty Dollar was designed -- so that the vast majority of the money was in specie form and in the people's hands. Of the $20 million Liberty Dollars, only about a million is in paper or digital form.
I regret that if you are due an order, it may be some time until it will be filled, if ever. It now all depends on our actions.
Everyone who has an unfulfilled order or has digital or paper currency should band together for a class-action suit and demand redemption. We cannot allow the government to steal our money.
Please don't let this happen.
Many of you read the articles quoting the government and Federal Reserve officials saying the Liberty Dollar was legal. You did nothing wrong. You are legally entitled to your property. Let us use this terrible act to band together and further our goal -- to return America to a value-based currency.
Please forward this important alert so everyone who possesses or uses the Liberty Dollar is aware of the situation.
Please go here to sign up for the class action lawsuit and get your property back:
http://www.libertydollar.org/classaction/index.php
Thanks again for your support at this darkest time as the damn government and its dollar sinks to a new low.
Bernard von NotHaus, Monetary Architect
Liberty Dollar
Evansville, Indiana
Attention new potential investors. Before you commit your brokerage account please ask questions. There are many insightful former investors here that will be happy to provide answers. GL2 all
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updated share count in iBox. eom
From Minnesota;
http://www.exhibitoronline.com/news/enn-display.asp?counter=5538
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I hope some of you that are in this have taken some profits this morning. The dump is now on.
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I'll be finding out more later this week, but it seems to be the same pattern as the many times before. A load of fluff PRs to keep interest in the stock so the CD holders can dump their shares easily. As long as they can get rid of those shares they get for the cash they give to Alex and company the process will continue. The idea of interactive TV over the internet may have been new and innovative at one time, but the biggies are coming on board now, well funded and loaded for bear. IMHO this undercapitalized debt ridden company hasn't a chance against them.
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walkingbadluck- YHM. eom
Just a follow up on my last post. I just found this. Silver use expanding.
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By Karen Cohilas
WALB-TV10, Albany, New York
Friday, November 2, 2007
http://www.walb.com/Global/story.asp?S=7304212
An Albany man survived the "superbug" thanks to an unusual treatment.
He got the infection on his face, possibly after he cut himself shaving. Doctors told him he would need immediate surgery to remove a part of skin infected with the drug-resistant staph, but he found an alternative route.
A quick shave and Bryan Spell and his wife Ruth were on their way out of town. "We were headed to Mobile and I noticed after I shaved that there's a bump there."
A bump that caused him in a lot of pain. "There is definitely something wrong here," he said about the bump. "This has got to come off." The next morning it was worse. "By Monday when we got back, it was so swollen it felt like I was choking."
Bryan saw a doctor for a culture and a few days later lab results proved it was antibiotic-resistant staph. The doctor wanted him to have surgery that afternoon. But Denise Wang, who works with Intrepid Home Healthcare, had a suggestion for Bryan to try before he had surgery -- a silicone patch with silver. So Bryan asked the doctor.
Bryan said, "That afternoon we asked him about it and he said, 'Well, it could work. We don't really see where it would hurt.'"
Wang, also a nurse said, "It's good to try other less-invasive, more cost-efficient methods and it worked very efficiently. No hospital visits and he was back to work in three days."
The silver in the $15 patch killed the infection, and the sore quickly healed, saving Bryan any more pain, and any costs related to surgery and hospitalization.
You see, Bryan doesn't have health insurance.
"When they rechecked me," he said, "that's when they said the staph was out and everything seemed to have come out." Now he's left with a scar but no hospital bills and he's holding on to a couple extra patches. Just in case.
Of course, you should always contact your doctor if you suspect you have any type of staph infection. It can be deadly if not treated in time. But you may want to ask about alternative therapies, like silver patches that could treat the area.
The patch used was made by Molnlycke Healthcare of Sweden and is called Mepilex Ag.
* * *
Superbee- YW, always glad to give us a booster. LOL I should be watching the NFL right now but am awaiting the Patriots-Colts game at 4. Still patiently waiting for our uplisting.
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Blue Horse Shoe- Hi, thought I'd stop in again to send some thoughts. Reading your posts, I sense you've turned into at least a quasi if not a full fledged gold bug. No harm in that, in fact if one has the patience it will be very profitable. The other day, our Fed cut rates again. Gold reacted in a predictable way. If you follow the Fed, you know that most of the voting members are of the modern economics philosophy, especially Bernake at the head. They believe easy money and liquidity are the way to avoid serious recessions and depressions in the economy. Many other central bankers throughout the world are of the same ilk. The US is facing serious problems mainly due to wars, deficit spending, serious imbalance in the balance of payments, and last but not least the sub-prime mortgage crisis(which by the way is only in it's infancy right now.) Our domestic central bankers will try to issue all the rhetoric they can to say inflation is contained and manageable as they are forced to cut rates and inject liquidity into the system to try to prevent the inevitable recession. It will work for awhile until all those dollars start coming home to roost. Gold $1500- a no brainer. Gold $3000- very likely. Gold $5000- a possibility. And don't forget silver with an historic ratio of 16:1 to gold. And every year more and more uses are found for silver causing more and more to be consumed. Although I started this post seeming to blame the US Fed for all of this, that is not the case. Our Fed is by far the worst, but it is happenning all over the world, otherwise the price of gold would not be accelerating against most all currencies, not just the US dollar. I know you like GLD and it is great to be profiting from it. I prefer physical gold myself. It can't be electronically confiscated in a national emergency(yes the laws are on the books) with just a signature of the president. Hang in there with your gold investments. They have a long way to go. And keep up the great works you do for your board.
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small blub from Cleveland:
http://www.cleveland.com/sports/plaindealer/index.ssf?/base/sports-3/119416898284390.xml&coll=2
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Last time I posted an article from there it had all those question marks too. Still haven't figured it out.
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more from Europe: may be old news, but it may have just hit Germany. Or it could be patents for Europe in conjunction with our Irish partners.?????
http://www.ad-hoc-news.de/CorporateNews/en/14007718/Eternal-Image-Files-for-Design-Patent-Protection-for-Urns
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more free advertising: since baseball is over until spring, I think the star trek line is now the lead item for news.
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http://www.networkworld.com/community/node/21418
updated share count in IBox. Didn't take them long to start dumping shares again.
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Fastfingers - you make the point that I have tried to make in the past. I would hope that more investors pay attention. One, this is a long term hold. MMs are not allowing any play in the pps I am assuming out of fear of being too short when the price will spike on the uplist. Which leads to the second point. True enuff there are many shares out. A large quantity of them are in some very strong hands. Most of these hands are tapped out in their accounts and would have to shift funds from other assets to buy more ETIM. No one in their right mind would advocate filling the ETIM basket at the expense of diversity. So as we believe, given the current share structure, many potential investors are watching instead of buying. And don't forget 90% of investors won't touch a pinkie with a ten foot pole. The key to bringing on more investors is the uplisting to the otcbb. It brings the transparency that many need to see before investing in anything. Granted they won't be getting in on the ground floor like many of us have, but they will be along for the ride and their hands will become stronger as the numbers on the 10Qs climb each quarter. The traders will be active also. Don't knock them as they are part of the market also and can really put a crimp in MMs designs for orderly markets short term. Seen that happen many times and it can take weeks for the MMs to regain control. Bottom line here is that very little will be happenning with our little company until they are uplisted. JMHO
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Sometimes I wonder how I find these far out promos
http://gizmodo.com/gadgets/star-trek-coffin/star-trek-coffin-warps-your-corpse-to-the-final-nerd-frontier-317341.php
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million$$$- your opinion is more than likely right on and shared by everyone that has ever invested in this company over the past 15 or so years. sent you a PM.
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grass and varok- in the past I've also mentioned the possibility of the reverse split. It's not necessary now and now would be a bad idea anyway IMHO.To uplist to the otcbb it is not necessary and again IMHO would be counterproductive under the present circumstances. As a rule, 99.9% of the time I am adamantly against reverse splits. They generally originate from too much dilution and after it takes affect the dilution continues eroding shareholder value. In our ETIM's case, to effect an uplisting to nasdaq or possibly the amex in a few years, it might not be a bad thing. I base this on the fact that even with an uplisting to the otcbb, 90% of investors will still not touch the stock. An uplist to the nasdaq or amex or even the big board would not only throw the stock open to far more investors, it would open it up to institutional investors-read mutuals- that are not allowed to touch anything under $5. There are a lot of dependent variables here and all of it depends on revenues increasing in each quarterly report issued after the currently planned uplist. As I stated previously in most cases I am opposed to reverse splits. For our ETIM, I am keeping a very open mind about it.
All JMHO and comments are certainly welcomed.
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silo and board- to continue the FWIW category, I never rely on the accuracy of share counts on pinksheets.com. A large majority of the time I have found them inaccurate. Good luck everyone. These are trying times for the impatient.
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PS- it's not me selling!!!!
Gostock, sell and take the loss. You can use it to offset gains on other stocks. Whenever you see someone somewhere trying to say how great this company can be, please jump in and relate your experience with it.
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Gostock- your brokerage can't do anything until they get the word from the TA to make the transfer to the new shares. It must be authorized by the company first.
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sludge- prior to the R/S OS was over 18 billion.
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OS count for new ticker updated. eom
Hello all- The board has been updated to the new symbol. Thanks go out to Matt at Ihub admin. I'll be calling the TA tomorrow for the updated share count on the new symbol. I suspect it to be around 20 million post reverse split.
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bloodaxe- I think the IHub admin automatically changes the board to the new symbol. If it doesn't happen, I'll sent them an alert to make the change. Hopefully the old posts will stay. And yes I'll still be around. We can't get these people put in jail for what they do, but if we keep spreading the word about what they do, the buyers will eventually dry up.
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Gostock- I have doubts that you will even be able to sell at .0001¢. No one wants the shares of a company with this history that has announced a reverse split. If you can't sell, be at your computer on the 22nd with your finger on the sell button. It may spike up a bit, it has happenned once or twice before, but don't count on it. I think it will open at around 10¢ on the 22nd and close around 6-7¢. Within a month it will be 1-2¢ and slowly sink lower as they dilute continuously. That's been the pattern. There are a few TAs that are self gagged. It wouldn't surprise me to see them switch to one of them. If not I'll be up on the share counts.
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Hello Blue Horse Shoe- You do such a great job here on your board(thanks for BLTA recently) that I hate to disagree with you on anything. However I have to take issue with your $1000 gold prediction. In 2 years or possibly less, anyone will be glad to buy gold at $1000/oz., as it will be far past that price. Keep your eye on silver also. There are some very knowledgeable people that are saying there is more above ground gold available than there is silver. Don't forget silver is an industrial metal as well as precious and is being heavily consumed by industrial economies all over the world. I'm seeing silver at $100+ in 4-5 years at most. Back to gold and this is just a FWIW, I see you're into GLD, just be aware that the gold in storage to back this fund is unverified and unverifyable- read James Turk. Apologies for coming to your board with a disagreement, but I thought since you're into precious metals, I thought you may be interested in hearing from someone who has followed those markets since the 1970's. The current commodities boom is just in it's infancy and will probably last close to 20 years.
Thanks for all your hard work here.
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montana and gary- sorry you guys got screwed by these people. Please accept my invitation to come back and tell the excited newbies coming on board after the reverse split about your experiences with this stock. The only way to break the pattern is to inform others about this company and what they do to investors. If the CD holders can no longer pawn their shares off on investors, they will not supply the monies to keep this afloat. Gee, Alex may have to go out and get a real job.
In response: What they are doing is perfectly legal, totally immoral, but legal. They have a product to show anyone who cares to see it so as far as the gov't is concerned they are a legit business.
Please join us spreading the word.
Thanks
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Gostock- your 3 million shares will be reduced to 3,000 shares in the company's new symbol. In theory, the new symbol should be trading at 10¢ the day the reverse takes effect. In the past I have seen the share price spike up after a reverse split. It may or may not happen this time. I'd tell you to sell your shares and get out while you can, but they will be almost impossible to sell. With this company's history, everyone and their brother will be trying to get out before the reverse split. Market makers also know it's coming and they don't want to be stuck with the shares either. If you hold, you will likely see the same pattern of dilution you have witnessed this year. Your 3000 shares will probably fall to .0001 eventually right before the next reverse split. It's happenned that same way 5 times in the past, why should it be any different this time.
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Don't know if this link was posted yet:
http://www.tradingmarkets.com/.site/news/Stock%20News/702221/
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clarification on restricted stock- When I posted about the float doss not include treasury stock and restricted stock, I may have created a bit of confusion. Let me clarify a little. I used the term restricted in a very broad sense thinking everyone knew which types of stock are in that category. My apologies, that's what I get for thinking. Types of restricted stock that are not included in the float:
Insider holdings,
Any holdings that have to be registered with the SEC and form
144 be filed before selling,
Stock restricted by contract,
If I have missed anything please feel free to add to the list and again, my apologies for any confusion caused by my previous post.
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Longs selling do not affect the float. The only things that affect the float are shares coming from the company treasury, and shares coming to the market off of restriction. Restricted shares and treasury shares are not part of the float. FWIW
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nice find bloodaxe, I remember that relationship, but never heard about the pump and dump and prosecution. After Alex's trouble with the SEC back in the late 90's I would have thought he'd be treading very lightly and have nothing to do with anything like that.
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kubjo- the only thing that comes to mind is the old lotto play. It's a favorite among penny stock traders. Stocks sitting at .0001 to .0005. It costs you $100 - $500 for a million shares in the hopes of a quick double or triple on a bit of news in the future. If not, oh well, it's only a few hundred bucks. Use it to offset other gains. I've done it myself, not often because they rarely pan out that way. Other than that, there is a big internet investment world here in cyberspace. Only a small % come by to read boards like this as most think it's a waste of time and energy and you can't really rely on all that is posted. Many people post with their own agenda, usually a pump and dump. Even myself, I have an agenda here. I want everyone that comes by to know the history of this company thoroughly before they invest hard earned dollars in it. With the help of a few knowledgeable posters here we get the message out to anyone willing to take the time and read it. If they still choose to invest that's their own personal decision. Even I have always said, a smart trader can make a few bucks off this stock. As far as an investor, it is a fact not one long term investor has ever made money with this company. Every one of them has been diluted and reversed split out of their original investment most ending with less than a penny on the dollar. If, knowing all that, someone still wants to invest, feel free. GL2U
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Anyone post this link yet? From LV Sun:
http://www.lasvegassun.com/sunbin/stories/sports/2007/oct/12/566633009.html
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