Working hard to give my family a better life than I was handed.
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Volume last several days is what is bewildering actually, and I am sending letter off to Karen Chang & Gang because of her BS spins in this site in past months, open statements they made even through SEC filings to the public, then to read this last 8th of September filing to SEC and C-11 basically saying any stockholder will be out of luck getting any reissuance of new stock or shares of ownership of the newly reformed corp?? What is this shit??
I know I am not the only smart fellow in here or out there so let's have some more feedback because in all my years to see, smell and hear what I did the other day, these people need to be marched upon, their homes burnt, and their assets sold off to repay stockholders who followed them and listened to their great changes to ensure shareholder value for many months...
There is no real justice left when this nation has become a safe haven for tolerance to major corporate fraud & greed daily and even by those who supposedly are "trusted" licensed securities specialists and agents and the US consumer & families get hurt time & again- It then changes to a war of sorts and people need to stand up and quit taking such manipulation of the media and newspapers so a few greedy corp execs can make $Billions and walk away unscathed while families (investors)lose out and take losses to make the wealthy richer..!
Yes and in response to Xanadu's post I read here too,,, I have thought this was going on a long time as just a few weeks ago, Warren Buffet was going to purchase a large amount of securities in corps but asked SEC and such NOT to reveal whom or what or when he did- so is it a matter of BIG money talks and gets what it wants or is it for safety and assurance of not manipulating a stock out of ethical integrity???
I own this company's stock and have done so for quite some time for its underlying fundamentals mainly... However, thos corp doe snot need its stock to operate or get cashflow which is double edged sword; minus market conditions and otherc rap going on with banks and corp fraud from merril on down, it would sure be nice to see this stock reflect the company in a more positive note and what they have behind them and what they are anticipating on doing in the future...
But if you watch CNBC or Bloomberg or others they seem to always squack about a handful of the same old large caps daily and it annoys me to hear, and if other firms like Rebuilder were focussed for their product and solid increasing sales & cashflow, boy would this stock take off...
Karen Chang's e-mail does not work and tried to ask her the following:
Dear Ms. Chang,
Reading the current SEC & press releases, what exactly does the following statement mean for us regular people who have invested and held the LUMC stock throughout all the last years' events? :
""The Company does not expect any value to be available to the existing common stock holders or subordinated creditors and it does not expect them to share in the ownership of the newly reorganized company.""
Please tell me it does not mean all our hard earned monies we put away for our retirements and long range family plans has gone down the drain because of the new arrangement your organization has made...
Regards,
Yes I agree too, and with all the market turmoils still ongoing and the press beating the banking/credit market mess 24/7 until I am sick of heraing about the banks' problems. My GTC orders to purchase even more of RBRM and even some other OTC gems were all filled to date, so yes, long term I am holding & keeping these for the same reasons I used to invest 20-30 years ago- on sound company basics and products, something the 90's seem to get many people swayed away from and we are slowly turning back to people seeing & recognizing value, not hype, and willing to pay for that as they used to do.
Rpeople, we are fighting with a new generation of people who only want instant gratification and more & more without basis, and this is all unraveling as the markets and the government interventions are taking hold and I believe we will be forced to go back to how busienss used to be run and many large cap issues we will see disappear in the process and many OTC's not yet heard of will become the new Kings on the marketplace..
I liked TIE and owned them a year ago and sold to take profits then when all hell broke out related to banking and credit markets which today is stilla fefcting literally the world...
This price amazes me, but the stocks I have had GTC ortders on for soem time have also been fileld throughout all this time, so long term things will be better, and thsoe willing to wait and have some $$$ buy long term in good companies and you will not have to worry about having someone else provide you with a retirement.
I also increased substantially a couple OTC listed corp stocks as well for the very same reasons long term and am sitting back relaxing making money in other areas and will let time do its magic on thsoe too.
Just too much greed & instant satisfaction occurred the last several years prompted by the biggest scam on the public after the dot.com bubble- and that was hyper inflating poorly built new homes & retirement communities against the largest 1st wave of boomers who had wealth from prior USA employment opps that no longer exist today.. pulling everyone in so deep, that now market factors and other adjustments are taking place and it will be a logn time and the bad thigns shaken out, but long term, solid well run corps and their stocks will do fine just like after tha last Great Depression.
08/25/2008
Q2 2008 Luminent Mortgage Capital Earnings Release - Estimate: --
Reuters / Market Edge
Well to my last communication with them some time ago, they do have long term goals to uplist the stock so those who buy and hold long term in my opinion will be rewarded well in the future as events in the economy are sorted out and RBRM gets better attention and notice on larger scale as their product(s) work so well and are a niche' medical type device which always has proven the best long term investment overall.
I still remember SPNC years ago in same situation (excimer laser) and all the negativity or lack of exposure then when it was an OTC and worth pennies/share then, and eventually it traded over $16.00/share on NASDAQ and still today is doing well as it was and still is a niche' medical item that cannot be done away with and what gives its stock a wide moat...
Problem I read and see today is so many younger people got tied to this immediate satisfaction/greed syndrome that seems to have overtaken the USA the last 10-15 years to such a proportion, that we are witnessing the unwinding today all across the spectrum and shortly I believe a balance will return and common sense in investing and valuations and truthful reporting and fact and the solid companies small or large will prevail, and those with nothing behind them will fail and become dust in the wind...
I put a widower onto RBRM product as she is suffering from neuropathy too and her deceased husband was a well known Dr in this region for 45 years; and she got tired of pills being pushed on her for years (and side effects messing her insides up) to deal with pain, and now is beyond thankful to me for telling her about RBRM's products and is doing so much better today with them; more active, more healthier overall and pain free basically from what she had been forced to deal with for so long.
Monday delayed financials to come out and my GTC Limit orders of past have been filled as LUMC has technically showm a bottoming. Now they need to show positive changes Monday amongst the ongoing national debt crisis in major banking and this stock will move up rapidly from these low levels it has been sitting at for a while; same thing happening to many companies for various reasons today.... Long term can be a massively profitable venture with this firm but don't expect instant overnight gratification which is what affected everything from real estate to banking and the whole US economy for too long (excessive greed without basis), as we watch these historical times occur and a balance and new paradigm take over and my faith in LUMC is more positive long term than negative here...
I'd like to see something sensible happen here to this corp. too..
It is one of the great ones yet unnoticed because of all the turmoil caused by huge mortgage & lending fraud nationwide which the FBI and Justice Dept are committing over 80% of their people on as we speak..
Despite this, RBRM is solid and everything about them is cookie cutter example of a great long term investment, and what I think is happening, is SLOWLY, in time, with regulation, arrests, investigations, and new rules in trading & shorting, we will see people FORCED to go back to sensible conservative long term investing of solid well supported companies like RBRM, and those who have been patient will one day be handsomely rewarded; but so much muck & crap to get sorted out in the whole US economy and markets in general plus it don't help when many top level licensed securities execs are being arrested for committing fraud & lies to investors of all sizes globally all in the name of GREED.
Like I said for over a year, we NEED to get back to integrity in US business practices and then you will see investors of all sizes who are serious really invest and trust investing long term in many small caps as they are the future; like children..
LUMC needs a miracle to separate from problematic corps out there tied to mortage fraud such as this article dictates. Then LUMC will shine as it should from all they have tried to orchestrate to get out from under this cloud over anything mortgage, housing or lending...: READ-
NPR.org, June 20, 2008 · The Justice Department appears to have officially opened the penalty phase of the mortgage debacle in this country.
On Thursday, the FBI paraded two indicted Wall Street executives before TV cameras. That same day, the bureau announced the arrests of hundreds of people who allegedly perpetrated mortgage scams nationwide.
The arrests came as part of the FBI's sweeping Operation Malicious Mortgage. In this phase alone, FBI officials said they arrested more than 400 real estate agents, brokers, appraisers and developers. People from just about every aspect of a real estate transaction ended up in the FBI's cross hairs.
The 406 people arrested between March 1 and June 18 included everyone from alleged straw buyers — who allow scammers to use their names and credit histories on mortgage applications — to run-of-the-mill real estate agents, mortgage brokers, appraisers and developers.
While the word "mortgage" appears in some form on all these sketchy transactions, FBI officials said that mortgage fraud was just like any kind of bank fraud: People are after money and have thought of ingenious ways to get it.
Recently, for example, officials have started arresting people for scams tied to home equity lines of credit. It is identity theft with a real estate twist.
Instead of stealing an identity to secure a credit card, scammers have been zeroing in on people they think have a lot of equity in their homes. They steal their identities, then go online and get a home equity line of credit on that person's house and take the money. The FBI said the possibilities seem to be endless, and even in a down market, there are many opportunities for scam artists.
Many of the recent arrests have been related to something called a Foreclosure Rescue Scam. The schemers prey upon people who are about be foreclosed on. They promise the homeowners that they can live in their houses mortgage-free, and then buy their houses back after a year if they just sign a few papers. What their victims don't know is that the scammers work with straw buyers to take out a bigger mortgage that essentially cashes out any equity in the house. In many instances, the homeowners end up losing their homes anyway.
These kinds of scams involve plenty of players: from bogus mortgage brokers to appraisers who are on the take. Even lawyers may be in on the scam, encouraging people to sign the papers, misrepresenting what the papers actually say. Those are the types of people arrested under Operation Malicious Mortgage.
The operation was a massive one. The FBI said more than 80 percent of their offices were involved. In all, more than 406 defendants were charged. A little less than half of those have been convicted so far, and more than 80 of them are already serving sentences.
The FBI conducted a similar operation — Quick Flip — two years ago. Many of the people arrested under that operation were appraisers on the take: They were inflating their assessments of property values, so that phony buyers could make a fast buck by flipping houses in a then-hot market.
It is no coincidence that the arrest and indictment of two Wall Street executives — hedge fund managers Ralph Cioffi and Matthew Tannin — came on the same day that the FBI announced the results of Operation Malicious Mortgage.
The FBI is sending a specific message: If you are involved with mortgage fraud — whether on Wall Street with high-level investors, or on Main Street with ordinary homeowners — the bureau intends to catch and prosecute you.
Where's Karen Chang?
I like the news and what LUMC has done, and I even had open orders to buy more stock as I am a long term investor; but coming back today seeing this thing go to 12cents is outrageous and Ms. Chang & gang need to do something sensible as I'll be damned I take another major loss from some malcontemp young corp exec team who can't see the forrest through the trees nor knbow how to run a successful businessas businesses used to be run for eons in the past!
Seems today's generation is so caught up in fast money, fraud by deceit, and no morals in running business or caring about stockholders as corps used to once in this nation...
Who the Fkk is shorting this and with such heavy volume??
Price sitting at 3 cents all day long, with my TD system showing last order filled with 105,000 shares, but with volume shown, I am surprised it did not move the stock at all.
I also believe with some of the new fed changes coming about soon, will only enhance the position of the "new" LUM itself and long term, I never doubted this corp would turn around- Just LOTS of short sellers the last many months ramping up any negative news to manipulate market swings to their advantage and a lot of that is behind us on many stocks finally as I see it.
Other great small caps have made hard choices as far back as last summer getting sneered at like ENT, and now look what they were able to accomplish in less than a year and going forward stronger than ever! Others like RBRM were off the radar but never needed stock price to make money to do what they did best as they made their own money from increased sales, and soon they will be listing on NASDAQ from OTC and have had nothing but stellar performance at every level the last few years!! So the future looks very bright for those serious investors who do proper DD, position themselves wisely, and invest longer term letting time be your best friend...
I only wish I had more financial resources to invest heavier in LUM than I already am, but we only have so much money at any given point in time as you know to work with... This one is long term keeper in my portfolio..
Listen dweeb day traders, who in their right mind makes a sale of 15,000 shares for a gain of .004 on this stock at end of day for a profit of only $60.00?
This and those who do this are beyond idiotic in my book,and should not even be allowed to have any type of investment account at a brokerage, and it amazes me who trades like this really with no sense or no profit at end of day when you calculate capital gains on such a ludicrous small trade of minute pecentile...
Had to put my two cents in on this seeing this occur at close after the day held up nicely but low volume... Great things to come for sure with this corp and long term many will be very pleased to have supported this corp and its products...
All quiet on the home front?
This thing has bottomed out like many other small caps poised for some movement as soon as hysteria is removed from markets and people see the good from the bad stocks and bring monies back in again...
Ownership Summary
Top Holders
Shares Held % O/S Share Change Filing Date
Arco Capital Corporation Ltd. 2,716,795 6.3 100,000 01/19/08
New Generation Advisors Inc. 1,646,623 3.8 0 03/31/08
Barclays Global Investors N.A. 1,355,038 3.1 -226,228 12/31/07
Security Global Investors LLC 1,066,300 2.5 -53,500 12/31/07
State Street Global Advisors (US) 768,264 1.8 -83,399 12/31/07
Wells Capital Management Inc. 558,117 1.3 -811,400 12/31/07
Harris Investment Management Inc. 521,000 1.2 521,000 03/31/08
State Teachers Retirement System of Ohio 475,100 1.1 -6,100 03/31/08
Credit Suisse Securities (USA) LLC 463,790 1.1 108,806 12/31/07
TIAA-CREF 425,670 1.0 3,870 12/31/07
Ownership data based on most recent publicly available data according to Thomson Financial.
I thought earnings report was May 19th on my wife's birthday?
It would be nice gift for her having bought back into this stock some time ago also beliving in their reorganization moving forward as detailed in lieu of current global banking problems we see.
At this juncture, I have some of my $$ % invested back into LUM long term as that is only way to make money consistently especially in historical times we are in. So many indices have been oversold and certain small caps such as LUM and others are best poised to turnaround now and have been going forward implementing plans they stated months ago, but it all takes time; nothing worthwhile happens overnight yet so many want instant gratification which is what aided in ruining the US housing markets amongst other areas which is or has affected everything globally today.
Now, I have received several contacts back from LUM corp and Ms. Chang, but now what they tell me I already know and is old news, so I have purchased more shares at these historical lower prices as this company will do fine over time I believe and with them holding mostly Fed backed paper, if that fails then the whole US government and our political system fails which the odds of that happening are enarly impossible...
PLUS with new Fed regulations coming, former irregularities and blindness tied to massive daytrading & fraud and manipulations in markets too long will be addressed which ahs hurt many stocks unfairly based on fundamentals & facts, so in time, this will all support LUM and many other stocks.
Time for Yamana Stock to rebound from weeks of drop?
Not bad volume for something that was supposed to be nothing, huh???
Ms. Karen Chang finally returned my calls left all week and left message this morning after market open on my phone to call her back, but it is too late now.
It means less regulatories in the way for restructuring for one thing... LUMINENT MTG CAP INC(Other OTC: LUMC.PK)
Many major global corps list OTC or on Pink Sheets even such as Nestle's whose stock is over $115.00/share, Air Franc, Nortel Investors, Alaska State Bank whose stock was like $3,000.00/share, etc and many others list OTC and/or Pink Sheets and are highly capitalized and DO NOT list on the regulated exchanges like NASDAQ, AMEX or NYSE.
There are many reasons to list off the regulated exchanges..
LUM now listing as LUMINENT MTG CAP INC(Other OTC: LUMC.PK)
But those who say I am behind, I relayed what SEC, LUM's IR and others reported back to me, so call them liars and slow with informing the public investor!!
As far as speaking to Ms. Chang, in light of the non PR from LUM Corp and the contrary info I got back from SEC and TD and others, a person stating they talked to an "insider" ahead of such information, tells me that is Insider Knowledge and means you or they could manipulate a stock to gain illegally.. Call me a nut, but if someone on this board stated they knew something from an Insider (Ms. Chang) that still has NOT been reported publicly as it should under securities laws, then that is simply Insider Knowledge and very illegal to profit by...
We will see what happens to LUM from here, as LUM manages Fed backed paper- Not a bad thing at all; whereas you got Countrywide which is chock full of fraud and deep subprime crap and trading on Big Board still (its stock down 90%) and talk this morning of Bank of American actually going to back out of guaranteeing those mortgages!! LUM as I see it is far better investment than Countrywide or even BAC, but nothing makes sense anymore it seems...
6:00PM EST and still no PR release nor does SEC show anything to contrary from what docs already were filed for the REIT to LP reorganization?
Something liek this should have already had press release on wires and there is nothing and even TD Ameritrade said they have no idea either nor does SEC. SO who is right and who is wrong about all this?
The volume on close jumped like 2 million shares- was it short covering or does someone inside know something we all need to know on outside as investors?
After 2007 showed corp fraud at its worse, should the worse be found here, to hell with the US legal system and status quo, it is time to drag some CEO's through the streets like in the old days to teach them you do not screw around with decent people or try to con the public with fraud!
There is no deep pocket JV coming aboard because had there been, it would have hgappened when they were listed as FXP last year; but with one of their Insiders selling stock repeatedly week after week, initial investors liek msyelf sold out before eyar end as it is a ponzi Scheme and you people now getting duped thinking a new symbol or 1 for 5 split makes sense on a unproven penny stock company with little history, are sadly mistaken.
It iritates me how a corp can do this and SEC not go after them stealing basically from all of us and in the industry they are in, common sense tells you you need much more $ behind you than this pump & dump scenario they are trying to orchestrate under a new symbol.. There is no need to change your face or a symbol if you are all you claim to be; and an early state penny stock like this dopign a 1 for 5 split is unbelievable as they have nothing behind them to justify a damn thing after screwing manys eriosu inevstors last eyar in major losses...
I thinks Class Action needs ot be brought upon them soon before they change a name again...
If it made sense and was worth what they try to impress, there is a lot of global wealth that would have stepped up long ago, but it didn't for a reason...
Multibillion-dollar bill to help homeowners advances in House
2:05p ET May 1, 2008 (MarketWatch)
WASHINGTON (MarketWatch) -- Members of the House Financial Services Committee voted to approve a multibillion-dollar package to aid strapped homeowners on Thursday, sending the measure to the full House for approval.
The bill, pushed by panel chairman Barney Frank, D-Mass., and other Democrats, would allow the Federal Housing Administration to back as much as $300 billion in refinanced loans for homeowners facing foreclosure.
Members passed the bill by a vote of 46-21.
Since LUM is full of fed backed loans and others, this will bode very well for their portfolio and also for other firms like them that hold FNMAE or FMAC or FHA type loans..
LUM report- I don't know what is going on as the ONLY report circulating is one someone posted supposedly signed by Ms. Chang of LUM (CFO) and it is posted ONLY on AOL Finance boards, and NOT on Reuters, Yahoo, Google, CNN, or other reputable news sites including no mention from MarketWatch, CNBC or others we can find, nor does my brokerage TD Ameritrade have any news related to put out on their streaming site..!!??
I have no explanation but made demanding call to LUM corp today insisting on some public response as this would not be the first time I witnessed some asshat make a scam or false report to manipulate information or a market in volatile times as we have been in, and if this is true, they need to get these people who put out false reports as SEC and LUM IR people both tell me there is not, nor has there been any halting of LUM stock and the ONLY substantial news related is the recent reorganization they are doing from a REIT to a LP... That is it!
What is going on as I received word back from LUM Investor Relations contradicting this saying they have NOT had any SEC delisting talk or stock suspension whatsoever and are going on with business as usual>>???
UP, UP & Away in my beautiful balloon...
LUM is in business and doing fine!!
I just received word back from SEC and my brokerage and LUM they are trading and doing as they stated.
Someone or some group has been posting their stock was already de-listed and halted from trading yesterday after-hours and it is a pure lie, and people doing that need to be arrested pronto posting such false and valiscious statement about a listed security!!
For what it's worth, LUM is active and trading and was NOT halted despite some very negative rumors, so pass this on.
Soon expect some great things to occur with LUM after all they have accomplished to plan.
Where in the hell did you hear this? It has not been released publicly on any medium because they have until mid-May to trade above $1.00 though a few weeks ago they already traded to $1.00/share???
LUM needs kick in the butt if it is going to stay listed and above $1.00 / share...
I believe it is also and bought more shares.
My two cents worth here:
After analyzing many factors, I am seeing great technical strength build just a tick under this 5 cent level and I am expecting a burst breakout above it from here in the near term to around 11.5 cents before an initial pullback occurs there- NOT at 5cent level as pressure building is too great to sit at 5 cents once it breeches it... Ascending triangle technical formation well in place at 5cent level...
But after the 11.5cent consolidation level, it will certainly rebound much higher from their stair stepping back up to and beyond 1.00/share price range, and to list on NASDAQ as they are going to do, they can never let their shares fall below $1.00/share for any 60 day time frame (as occurred with LUM for instance) I believe (as they become delisted below $1.00/share after 60 days or so) so all this positive energy & news only adds support to much greater long term pricing of RBRM from here...
To me this news is even more additional support for the company and its business principals. Shows me that some other more established company "is concerned" and has been watching RBRM and made them an offer to merge giving them higher stock valuation to do so, and RBRM said "no" to them and are still on track with their own plans and goals of listiong on NASDAQ without anyone holding their hands.
I was shocked to be honest coming back yesterday seeing the stock down as much as it gained the previous 2 days, but I too guess it was some shorters seeing what is going on, and I wouldn't discount the fact that not enough people are watching RBRM; I believe actually more and more are but are being quiet and seeing how the company's results would go over many months (compared to overall markets out there) which we all know have been stellar..
5 for 1 split talk is crap IMHO.
To even consider listing on AMEX or other regulated exchange you need to meet strict new criteria which, as I see it, Fox simply does not have it. To say they need more $$ to increase their board of directors?? Why?? What is this? How abut creating more living wage jobs directly related to exploration & processing first getting enough product, before you hire more chiefs to sit on their asses and sip martinis at lunchtime!!?? I am a tradesman for over 30 years and this guy and people like him know nothing about hard work or what goes into making a corp work, as they sit there acting like they are doing something grand, yet disregard those under them who really make the corp work.... especially in the oil industry.
Saying listing on AMEX will reduce chance of FXPE being shorted is pure nonsense. Nobody can say that on any exchange for any listed stock.
I think Craven's "board watchers" finally told him people are disgusted seeing him repeatedly selling shares week after week, month after month on any small volume increase or buying by small specs that they are trying to follow suit of another OTC recently out with major press in its own class doing just that: RBRM
I find it very weird how Fox just came out with this after RBRM came out saying they have maxed their stock growth on OTC.BB and are seeking application with NASDAQ to list shares there which is an extraordinarily great thing to see from a medical device mfgr. company that has very wide moat yet no debt, all cash rich, increased sales & growth for months and years and even property expansion to meet increased demand for its products; but Fox does not fit into this same mold no matter how you slice it: Fox has no increased sales, no increased income flows, no increased property expansion going on, no earnings growth month after month for several years, Fox has debt and tons of continued unforseen debt related to extraction costs of oil...
We gave up on Fox and sold all our shares at losses last year as with recent NYMEX investigation and other fundamental changes occurring, it quite well could see crude in general be forced down and as the economy slows deeper, less demand will be applied to any crude product related to constuction industry as a whole or other industries like shipping/delivery slow downs as falling economy lowers demand and travel of delivery and trucking and everything else tied to a fuel source...
Fox conned us once and we never looked back. Put your money in a solid small cap like RBRM (do your research & compare) or PUDC or others with purpose & growth going on and I assure you, you will have a much brighter future than what crap Craven & Fox have been dishing out for months to all of us..
Bought some LUM as she has held up well despite everything going on in major banks and real estate builders that is negative..
Slow & steady fine by me too, as I saw some small sales early on then later today, but market buying kept coming in keeping price near high or break even from yesterday as of this writing.
I don't know, but I am buying more for the long haul as they have what is needed for strong steel manufacturing and they are not going away.
RBRM going for NASDAQ listing like I said last year would occur over time; except with the market turmoils out there, and 24/7 adds to trade and make millions overnight luring people to losses, so many lost focus and sense in long term investing which is the only way to build a financially sound future!!!
Go RBRM and Dr. Dave... I am glad you have been true to your responses in my former inquiries to your corp.
As I have said over a year on many investment sites, RBRM is a text book case of what a solid focussed company is about with much needed realistic products at fair prices with no debt and increased sales and profits and earnings month after month really year after year... NOT I repeat NOT many major cap issues today can even say this!!