10.000$ gain in OTC per month keeps the docter and the wife away
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SHOW ME MONEY instead of nice fillings and projections
SHOW ME THE MONEY MONARC
Some ways MM's entice sellers; Run the stock up with a "tight spead" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below th last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
There are no shares short any more look at the pink sheets since 15/09
May be the company can put in a buy order at 0.031 for 10.000.000 shares, the MM will run to his mother
Bigdogs
1 question I ask myself.
If everything is so bright and this stock will go to 0.1 why are the retailers not buying millions of stock now ?
If everybody is in already how will this stock ever raise because I'm sure that on the first run they will bail.
What's the story with the buys at the close 7777 5555 , this is a sign, is this the company doing this ?
Thanks ... I'm not in there ...
I don't see any displaynames in there.
Paulied , where is the report with the names, link ???
I'm in there ? I don't hope so
http://www.scottrade.com/LP/smart-text/?id=1&symbol=mona
13D average crossed , CONSIDERED bullish ( without MM ) LOL
Sep 25, 2008 OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, September 24th OOIL, MONA, NRDS, ASTIZ
MONARC CORPORATION (OTC: MONA) "Up 10.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MONA.php
Monarc Corporation was formed in 2000. The company acquired multiple subprime short term lending companies for the B2C marketplace doing business under the brand name "Cash Now" in 2003. The company also had an array of other financial products such as IFGX and Cash Next under development for the B2B marketplace; such as invoice discounting and factoring. In 2005 the company suffered a setback with 4 consecutive strikes of hurricanes of 2005 while domiciled in Florida. Unable to operate on a day to day basis without interruptions, the company was delisted from being am SEC reporting issuer soon after and consequently its stock was re-ranked as an unsolicited stock and 2006 was a reconstructing year. The company used the time out to raise capital with the issuance of preferred convertible shares. Soon after, in January 2007, it resumed operations. With the sweeping changes in the subprime industry and with most of the States and Provinces restricting this product use the company looked at different industries. In 2007, it launched a Check 21 product and a Forex division and looked towards China as a growth market. In late 2007 MONA sold these aforementioned operating assets to a China-based company and the proceeds of that sale were distributed to its shareholders. In early 2008, MONA looked for another growth industry and decided to enter beverage control. The company acquired 3 start-up entities in the hospitality control industry. In December 2007, the controlling interest of Monarc was purchased by Brookcor Holdings, on an all cash and stock basis. Those businesses were spun out several months later and the paid stock returned to the treasury. MONA identified a China-based mass distribution company and completed a reverse merger with them through their Belize holding company Fulushu Limited in June 2008. The company continues operating these entities as it nears completion of the development of its B2B product line. The company is also currently in a process of filing certain documents to remove the warning sign from the Pink Sheets quotation system and to again become a solicited company, with future plans on becoming an SEC reporting issuer. MONA is also taking measures to raise the pink sheets ranking from "Yield limited information" to a "pink check mark status."
Yesterday evenening we got a new filling http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=17255
It's in the filling on the bottom, and it's against individuals on this board I think
P
Well there were some guys changing PR's here and posting them, i think they deserve it.
Nice filling, nice, I like it and holding.
Nice to see the company defending us.
GLTYA
P
I wonder who's buying the last 4 trades ending with 7777 shares at 0.007, could it be the company , the share buyback , is this a sign , a dress up with 7777 pushing the MM on the side ?
For the newbies and rule 144
Authorized Shares
When a company is created it is authorized to issue a total number of shares of stock, which is what is called authorized shares. The number is liable to changes under the agreement of the shareholders. Additionally, not all authorized shares have to be offered to the public and many companies decide to keep some of the shares for later uses.
Treasury Shares
These are the shares that the company doesn't offer to the public or the employees. They are kept for other uses.
Restricted Shares
This type of shares is used in different compensation plans. Additionally, companies use restricted shares as part of various incentive plans for their employees. In order to sell a restricted share, the holder should ask for the permission of the SEC.
Float Shares
Float shares are the shares that are traded on the open market. These are actually the shares that investors trade with.
Outstanding Shares
These shares include all the shares that a particular company has issued. These include float shares as well as restricted shares.
O/S can equals Float if the company used all his restricted but this needs to be done with permission of the SEC.
Ms. Samantha Franklin, a company spokesperson, said, 'Originally the company was to reduce its authorized share count from 950 to 800 million, however the decision was made to reduce the authorized even further to the current 650 million share count. Once MONA merges with the targeted and previously announced Chinese company we foresee a further authorized share reduction as we do not foresee additional mergers on the horizon; nor the need to have a large authorized share structure for raising capital. MONA corporate filings can be seen by visiting this State of Nevada web site link:'
And of course read this http://www.sec.gov/investor/pubs/rule144.htm
make that 16%
Looking at this company's past and R/S I think most of the people will wait on the sidelines for the real money to come in.
I must say , PR looks ok but can create a waiting period till end 2008. Anyhow I'm in at higher levels and waiting.
My English is not good enough but can somebody send a polite fax and email on when the buyback and float can be updated ?
I need to cash in before DEC 20, tax payments in my country.
Conserning buying, when you try between ask and bid , you won't get filled. when you try 100K shares at the ask which I did a week ago , I got filled only after 2 hours.
I wonder what would happen if people would start buying with 100.000 shares at a time higher then the ask.
GLTA
Nice reading ( bob 11 can you make a summary of below in 3 lines ? )
Here is one for starters: Breach of Fiduciary Duties
An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another's benefit.
A fiduciary relationship encompasses the idea of faith and confidence and is generally established only when the confidence given by one person is actually accepted by the other person. Mere respect for another individual's judgment or general trust in his or her character is ordinarily insufficient for the creation of a fiduciary relationship. The duties of a fiduciary include loyalty and reasonable care of the assets within custody. All of the fiduciary's actions are performed for the advantage of the beneficiary.
Courts have neither defined the particular circumstances of fiduciary relationships nor set any limitations on circumstances from which such an alliance may arise. Certain relationships are, however, universally regarded as fiduciary. The term embraces legal relationships such as those between attorney and client, Broker and principal, principal and agent, trustee and beneficiary, and executors or administrators and the heirs of a decedent's estate.
A fiduciary relationship extends to every possible case in which one side places confidence in the other and such confidence is accepted; this causes dependence by the one individual and influence by the other. Blood relation alone does not automatically bring about a fiduciary relationship. A fiduciary relationship does not necessarily arise between parents and children or brothers and sisters.
The courts stringently examine transactions between people involved in fiduciary relationships toward one another. Particular scrutiny is placed upon any transaction by which a dominant individual obtains any advantage or profit at the expense of the party under his or her influence. Such transaction, in which Undue Influence of the fiduciary can be established, is void.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
--------------------------------------------------------------------------------
fiduciary 1) n. from the Latin fiducia, meaning "trust," a person (or a business like a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty. The most common is a trustee of a trust, but fiduciaries can include business advisers, attorneys, guardians, administrators of estates, real estate agents, bankers, stock brokers, title companies, or anyone who undertakes to assist someone who places complete confidence and trust in that person or company. Characteristically, the fiduciary has greater knowledge and expertise about the matters being handled. A fiduciary is held to a standard of conduct and trust above that of a stranger or of a casual business person. He/she/it must avoid "self-dealing" or "conflicts of interests" in which the potential benefit to the fiduciary is in conflict with what is best for the person who trusts him/her/it. For example, a stockbroker must consider the best investment for the client, and not buy or sell on the basis of what brings him/her the highest commission. While a fiduciary and the beneficiary may join together in a business venture or a purchase of property, the best interest of the beneficiary must be primary, and absolute candor is required of the fiduciary. 2) adj. defining a situation or relationship in which a person is acting as a fiduciary for another. (See: trust, fiduciary relationship)
Mr. Z , will send fax from my desk tomorrow; it's nigth over here. I also start to prepare a law case with all pr's made over the last weeks in case we need it for false and misleading reasons in the future ( I don't hope so )
GLTYA
P
Mr. Chan
"We have made a series of major announcements and have repositioned the Company and its core business model in a very significant fashion. This agreement is designed to formally address any uncertainty about the equity position of the Company and assure current shareholders of a stable trading environment to avoid speculation regarding any potential dilution."
SHOW US !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Post Unavailable
Additional Information
Mike
I'm lucky this time .... , first 2.000.000 at 0.0032 , loaded 4.000.000 at 0.0015 which I could sell all at 0.0026, I'm going to play all the flips now.
Peter
Sent an angry FAX and email to the CEO.
This conserning paying CASH instead of stock and asking him
to t re-assure the investors since he mad a mess out of it.
Told him also that 'It's in the 10Q and business as usual' is not a valid answer.
P
Put a GTC sell stop limit order at 0.001 and a GTC stop limit sell order at 0.01 both for 1/2 of 50% of you shares.
At least you will not wake up as the LEH employees , running with there boxes out of the building today.
I close my laptop now, my password has been changed by my daughter so I can not sell until she tells me and I hope to get an SMS from my broker at 0.01 before the end of the year.
It's my girls money I put ... and that's all I have left.
P
eak and Mikey
http://ih.advfn.com/p.php?pid=trades&cb=1220984998&symbol=UVSE&java_vm=sun&java_vm_ver=1.6.0_07&fp=9.0.115
That's far good enough ?
At 12.54 something happend ( de black part .... and that's ? Mikey
This is the one I like :
Raising capital these days is almost impossible. Venture capitalists are still licking their Web wounds--and forget about the public equity markets. So where can all those once hot ipos go to find fresh funding? To DirectPlacement, a small San Diego-based firm that specializes in something called Pipes.
Pipe stands for Private Investment in Public Equities. In this market, public companies in need of cash arrange privately for big investors to buy millions of dollars of their stock at some discount, typically about 15%.
Of course, institutional investors getting discounts on purchases of large blocks of stocks is nothing new. However, until recently Pipes were shunned because they were the domain of opportunistic offshore hedge funds that used them to exploit troubled companies. Using so called death-spiral Pipes, a hedge fund would privately agree to buy, say, $20 million worth of convertible debentures in lieu of straight common stock. When the time came to convert to common, the fund would be entitled to get in at a predetermined discount to the market. Presumably, the hedge funds would short the troubled issuers stock, driving the price down. This would increase the number of cheap shares the fund would get, creating a huge gain on the short sale. EToys agreed to a $100 million death-spiral Pipe before it went out of business.
Mikey , Thank you for the good posting and we corrected the poster already :
Debentures are converted at 80% of the price not 20%. Assuming the conversion happened on Sep 1, "average of the three lowest closing bid prices" is a little over 0.011 (Aug 5: 0.0113, Aug 8: 0.011, Aug 11: 0.0115), and their conversion price would be around 0.009.
This stock began to see high volume from Sep 4, I guess some portion of debentures were already converted before Sep 4. Someone posted here that O/S was 282M as of Sep 10 morning, which is 32M increase from Sep 1. It means nearly $288K out of $426K might have been converted (If the holders converted to stocks every day after breaking 52 week low, then this amount could be lower). Considering extremely high volume in past two days, more shared might have been converted, and most of them were sold (if they haven't sold, they are underwater).
And of course
The company is cash flow positive, so you might want to look at the important sentence, specifically "at our option, in cash":
They said :
Unless deferred by the holders of the Senior Debentures, we are required to redeem the Senior Debentures on a monthly basis commencing on September 1, 2008, by payment, at our option, in cash or in shares of our common stock, one-twelfth of the aggregate original principal amount of the Senior debentures or approximately $425,900 plus interest on the outstanding balance.
So I hold and load more
LOL
Peter
Mr MikeyThe conversion formula:
"At any time from the closing date until the maturity date of the debentures, the Purchasers have the right to convert the debentures, in whole or in part, into common stock of the Company at a price equal to the lower of $0.25, or 80 percent of the average of the three lowest closing bid prices over the twenty trading days immediately preceding conversion.. The conversion price may be adjusted downward under circumstances set forth in the debentures. If so adjusted, the aggregate number of shares issuable, upon conversion in full, will increase."
How it works:
Each month, starting September 1st one-twelfth of the aggregate original principal amount of the Senior debentures or approximately $425,900 plus interest on the outstanding balance is due to the PIPE lender. Since the company is not profitable it is most likely the debt will be paid in shares.
Using the conversion in the filings, the lowest 3 bids over 20 days worked out to roughly $0.01 per share. The result would be a conversion price around .002 at $425,900 plus interest, at the very least 212M shares for the first tranche. Since this is "one-twelfth" that means in October another $425,900 will be converted. Considering the stock is trading a low near .003, one can assume that the next conversion would take place around .0006 per share, that would result in about 709M shares being issued in October.
To get an idea of how a toxic PIPE such as this can affect a stock price, please take a look at DLAV.OB which also had a similar deal.
Your CEO had no problems taking almost $1M in salary and stock options at your expense on top of a very toxic financing deal. If your sitting at a loss right now, you might want to consider the PIPE that is currently effecting this stock. In almost 99% of this deals, the stock will find itself at .0001 on the ask, with no bid... just like DLAV.
I think the guy on the Yahoo message board could be rigth
He Americans, pls. start sending emails and faxes to the company. It's time they release a PR to explain what is happening and assure the investors about their investment.
We do own a part of this company don't we.
Peter ( Belgium )
2.000.000 AVG 0.0032
37,026,034 is the increase .... LOL
To all the .000X sayers here
I got in first time on Friday, got 2.000.000 shares.
Pls. make a difference between a real company and a Pinks Sheets
NEVADA dilution SHELL without business behind it that being R/S'd time after time with a corrupt CEO behind it.
This is not a company like this. Patience that's all we need.
If some guys here want 5.000.000 shares well they can go and play with the billion float stocks without bid and constantly trading at 0.0001. Get serious.
Net Income went to 2,938 from 595 (7,005) (4,319), this company is for real and should be at 0.01 minimum.
Peter
Any Nakes Short wants some CD's to exchange ??? I have some nice oldies , 70's , rock around the clock aso ... lol
You can get them at 0.249$ per CD.
GLTYA.
Beside 2.000.000 of this , I have 500.000 of MONA.PK
They can both run to 0.2 by the end of the year , we'll see.
I hope I can buy some CD's from the gain I will make.
P
Putting in another 1.000.000 on the ask at 29.
They fill orders through the ass in small parts
Mine are ready at 0.249 if you don't mind lol.
Peter
Wanted to buy 1000 shares of LEH Lehman Brothers Holdings but got 1.000.000 of Universal instead ...
New investor , CD's and conversion or not, this one makes money
1.000.000 at AVG 0.003
Strange ...
http://ih.advfn.com/p.php?pid=trades&cb=1220984998&symbol=UVSE&java_vm=sun&java_vm_ver=1.6.0_07&fp=9.0.115
I hope is not again Name HiJacking ( company hijacking ) again.