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I contacted RBRM corp about this, as my understanding, is the SEC requires this report released no later than Feb 8th; but I cannot validate that and have bene trying to do so.
RBRM basically shot me back to the PinkSheets.com site for the moment so you know as much as I do about this report...?
Market upgrade for LUM? Did anyone else see this report out today? I was checking a few things and then found there was some upgrade given to LUM from here, but the report has to be bought from an analyst group???
E-Trade overbought on RSI and will sell off. Now as I do not hold any ETFC stock, I think it important to post this here::
I have been looking for new place to move my futures trading acocunt too and I contacted ETFC amongst a couple other firms for discount account and asked them all questions. I am a little concerned about ETFC's response to me.
I asked them all about talk of bankruptcy, their stock falling 85%, and other matters and basically they said this:
1. The stock price was hurt by negative market speculation.
2. They state they have ample cash funds and income galore and there never has been tlak of bankruptcy and nothing wrong with their operations.
3. For customers' accounts with ETFC, they mentioned twice to go to FDIC & SIPC websites to see what recourse a customer would have if a corporation filed bankrutcy!!
**This last statement is what concerns me most, as anyone investing knows FDIC & SIPC and other regs so that is a no brainer. But as a person thinking about moving my futures account to a new brokerage, and then the brokerage telling me to go to FDIC & SIPC websites to research corp bankrupcty & insolvency issues worries me they would even tell a prospective customer this... so I think I will go elsewhere wiht my brokerage acocunt.
NO whining- ONLY demanding answers & facts from the CFO in light of so much corporate fraud and scandal coming out in 2007; because if there cannot be anything trusted by the corporate directors, what the hell sense is there to invest in such a company long term as they are trying to defraud the general public and no company deserves to exist if it operates that way..
Also clear your cokehead, and understand, I and millions invest long term for our retirements or other needs, and we are not daytraders or shortsellers who basically are whores who rape a stock on the market, and I for one, will be very helpful to anyone tied to FBI or SEC I have found manipulating or trying to coohort in destroying such stocks as has been going on, so integrity can return to the markets, and serious, sensible people like us will TRUST and believe in investing in a company and not think they are trying to pull a quick one which is evident on the nearly $1Trillion losses and deception being revealed by major listed large cap equity players from banking to brokerages to credit and insurance companies...
I think daytraders ought to be harshly regulated as well as those who shortsell on obvious factual & positive issues taking other peoples' hard earned monies down the drain...
ONLY 7,111 shares short for RBRM so maybe, just maybe, the impetus will be to buy this finally and see growth reflective of their financials and profitability...
LUM working on breaking above $1.00 again this morning as of this writing, though I'd like to see heavy volume as in past days maintain itself throughout day.
There are many out there on Yahoo, Google, and other financial message boards trying to talk LUM down as a failure to short it, so would be nice to see shorts spanked good and hard for once...
Also I sincerely hope the newer SEC and FBI investigating going on everywhere does something for daytrader shortseller groups who cohort to destroy a stock when serious investors buy into a company for long term purposes...
I am still here for the moment though deciding what to do....
Craven sold more shares into the volume & price spike again!! What is it with a start up firm like this, spewing out news that means absolutely nothing in the oil industry but conjecture and hypothecation at best, unitl proven factual results are in pipeline... Yet the insiders / CEO / CFO sell their shares repeatedly on any new news report or hype that brings new small specs into buying the stock???
CRAVEN ALEXANDER
Officer direct Sell 0.7200 10,000
Jan 29, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.6675 10,000
Jan 28, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.6700 10,000
Jan 25, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.7000 10,000
Jan 24, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.7300 10,000
Jan 23, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.7650 10,000
Jan 22, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.7750 10,000
Jan 18, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8350 10,000
Jan 17, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8725 10,000
Jan 16, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8875 10,000
Jan 15, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8575 10,000
Jan 14, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9250 10,000
Jan 10, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.7700 10,000
Jan 9, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.6750 10,000
Jan 8, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8350 10,000
Jan 7, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9400 10,000
Jan 4, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9650 10,000
Jan 3, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9650 10,000
Jan 2, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9825 10,000
Considering selling all my RBRM stock after today's rate cut did nothing for it....
I know all the news from the moment it comes out on rbrm, but, with rate cut again today, and me being an investor to make money, if something does not occur quickly here to get this stock back to its October levels around $1.50, I am going to sell my holdings at loss and put those funds elsewhere where I can make money easier than sitting on my ass at 3 cents!
As a forewarning, if I sell what I own of RBRM, it will drive price down to nearly "O" cents (zero) as I see it, and I really do not want to do that, but I cannot sit by watching other stocks doing well while this one sits at 3 cents week after week losing me money...
BE CAREFUL!!! Watch SEC Form 4's for Craven selling again into this renewed hyped up news and price... Wanna bet me a steak dinner for me and the family on this???
The "news" you state is nothing! It is supposition and theory on something NOT yet realized!! When will people get it right what the hell they are looking at??
I/We were suckered to by the FXPE news reporting initially until we saw through it. They are reporting the obvious yet it says nothing at all....
ENT moving upward steadily for a week and looks positive from here to regain itself...
LUM stock piercing above $1.00 mark at this writing with Shorts running for cover, and this will surpasss minimum SEC listing requirements and shows strongly for LUM from here!
I believe they have to be out no later than end of 1st week of February by SEC rules...
I still see people shorting this at this price and it makes no sense. Just 3 months ago in October, it was priced at $1.50 and today 3 cents!!! Even a 50% technical retracement of that time when heavy shorting hit all indices would net an investor a handsome return. Hell say 100,000 shares going to just 75cents, would net you $75,000.00!!!
BIG day for LUM today breaking resistance and holding up well up 9 points closing at .85
On January 24, 2008, we issued 480,769 units of our common stock to EuroEnergy at a deemed price of $1.04 per unit pursuant to the agreement. Each warrant contained in the units entitles the holder to purchase one common share at an exercise price of $1.30 per common share until January 24, 2011. We gave EuroEnergy our drawdown request on November 21, 2007 in the amount of $500,000.
We issued all of above units to a non U.S. person (as that term is defined in Regulation S of the Securities Act of 1933) in offshore transactions relying on Regulation S and/or Section 4(2) of the Securities Act of 1933.
LUM closed up .71 with 22%+ gain at its highest and was strong all day long; this is positive in lieu of what the overall broader market has done tanking again today, and LUM like ENT or RBRM or other solid small cap issues I believe are going to surprise many in 2008 while many former large cap issues fade away.
We are entering a new paradigm I believe and this stock certainly has held up when most everything else has fallen apart with supposed safer trusted issues.. LOL
I concur with the recent posters, and there are supposed to be regulatories to watch all the firms who file SEC docs and the like. I was told recently the SEC is stepping up its work regarding the OTC market unlike before, so I hope to hell it is right.
The government and others always tout how they want to see people successful and live prosperous lives, and have faith in the markets, etc.., and many of us receive data from companies like FXPE and research it as far as we can, and base a decision that the information was given by the corps in an honest, ethical and trustworthy manner and their accounting personnel, so we can gauge an investment decision of our hard earned monies into thsoe companies to help them grow, but too many times, these assholes cheat us and this is wrong and YES there needs to be immediate activity by the very organizations we are told are put into place to regulate and police corproate activities.
In close, here is list of January's share sales by Mr. Alex Craven "again", and as you can see, he still sold more this week as he has done for many weeks. I for one would love to hear exlanation from him why he has been doing this every few days for the last several months???
Trans Date Filer Ownership Type Price Shares
Jan 22, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.7750 10,000
Jan 18, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8350 10,000
Jan 17, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8725 10,000
Jan 16, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8875 10,000
Jan 15, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8575 10,000
Jan 14, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9250 10,000
Jan 10, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.7700 10,000
Jan 9, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.6750 10,000
Jan 8, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8350 10,000
Jan 7, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9400 10,000
Jan 4, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9650 10,000
Jan 3, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9650 10,000
Jan 2, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9825 10,000
I'll third that motion, as there was a 15,000 trade that moved price up to where it has been for weeks on close.... Nothing stellar and I for one am wanting to see these financials holding on as long as we have.
Everything about this is positive and transparent and something most large cap issues have not been and we see what has been going on in the broader markets since August...
But even in light of so much corp & bank fraud coming out associated with large cap big board issues for months, still, people seem to damn any Penny Stock (OTC) and still try to lay trust in many large caps and this makes no sense to me. There is a stigma still about anything not on the DOW or Nasdaq or Amex....
I would like to see the good Dr. try to get something else out there in way of awareness or such to really get more universal interest of this company because yes, I believe it is unbelievably way under valued for all they are and have been and where they are heading... And the future is only going to be an exponential demand for RBRM products with the aging US population today.
LUM stood up and rose nearly 20% today, but right at close, someone shorted it and it fell back to close at +1cent..
Well, considering volatility and market drops LUM stock is holding up well on one hand, on the other I notice volume has been mild throughout this period...?
With recent .75% cut it did nothing for anything tied to banking until today and the word is Tuesday another .75% basis cut and that is what is making financials rally high today; but yet LUM is up a penny or two so far.
10QSB Filing with SEC, and pertinent matter I will post here to show my concern with this company... and still more Form 4 stock sale forms filed by Mr. Alex Craven! Also I am adding a small portion of the current SEC 10QSB filing, but with the two top officers who are stated as holding several titles each, and looking at the SEC filing and admiistrative & management fees the financials shown paid in 2007, I wonder if each of these two corp directors is giving themself an annual salray for each job title they hold such as Secretary, CEO, CFO, etc?? This would not be very wise for a start-up business and in current light, would sure add fuel to concerns of a pump & dump. Where are they going to get the additional $15million they need in 2008?
Estimated Expenses For the Next 12 Month Period (2008)
Operating Expenses
Workover/Re-entry Program – U.S. Onshore $ 800,000
Exploration Costs 13,300,000
Employee and Consultant Compensation 700,000
Professional Fees 250,000
General and Administrative Expenses 150,000
Total $ 15,200,000
/s/ Richard Moore
By: Richard Moore
President, Chief Executive Officer and Director
(Principal Executive Officer)
Dated: January 22, 2008
/s/ Alexander Craven
By: Alexander Craven
Vice President, Finance, Secretary, Treasurer and Director
(Principal Financial Officer and Principal Accounting Officer)
Dated: January 22, 2008
10QSB Jan 22, 2008 Nov 30, 2007 311.1 KB
4 Jan 17, 2008 Jan 15, 2008 6.3 KB
8-K Jan 16, 2008 Jan 10, 2008 20.8 KB
4 Jan 16, 2008 Jan 14, 2008 4.9 KB
NT 10-Q Jan 15, 2008 Nov 30, 2007 26 KB
4 Jan 11, 2008 Jan 9, 2008 6.3 KB
4 Jan 9, 2008 Jan 4, 2008 7.7 KB
4 Jan 4, 2008 Dec 24, 2007 13.1 KB
4 Dec 27, 2007 Dec 21, 2007 4.4 KB
4 Dec 20, 2007 Dec 19, 2007 6.3 KB
LUM up 22% as of time of this writing.... If Bernanke or Bush do as they keep talking about, it will only bode well for LUM at this stage and stock price...
I know all the news. I know all the stuff behind everyone in that corp. So yes I would like to see something tangible occur on the heels of nothing but exceptional news for years basically....
We know overall markets are screwed up and this may be partly to blame, but a person can only sit so long until their money starts burning holes and needs to find a new place to park and compound too....
If it weren't for the Dr's background and accomplishments, all the products and services now they have globally offered for years, I would look at this like fxpe or other pump & dump OTC stock schemes to rid gullible investors of their monies so a few corporate insiders can profit without working for it while the investors become poorer.... So far, good to say, I have not found this to be true with this company.
Craven did it again like he has since beginning of December!
I don't want to see others lose hard earned monies invested and trusted to these people or any other corp, as it is apparent, on any new volume or buying interest, this corp insider sells more of his shares of stock instead of believing in the long term growth of his company and doing what needs to be to grow the company and its stock.
CRAVEN ALEXANDER
Officer direct Sell 0.8875 10,000
Jan 15, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8575 10,000
Jan 14, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9250 10,000
Jan 10, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.7700 10,000
Jan 9, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.6750 10,000
Jan 8, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8350 10,000
Jan 7, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9400 10,000
Jan 4, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9650 10,000
Jan 3, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9650 10,000
Jan 2, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9825 10,000
Dec 31, 2007 CRAVEN ALEXANDER
Officer direct Sell 0.9688 10,000
Dec 28, 2007 CRAVEN ALEXANDER
Officer direct Sell 0.9900 10,000
Dec 27, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0000 10,000
Dec 26, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0067 10,000
Dec 24, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0075 10,000
Dec 21, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0005 10,000
Dec 20, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0060 10,000
Dec 19, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0207 10,000
Dec 18, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0105 10,000
Dec 17, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0175 10,000
Dec 14, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0070 10,000
Dec 13, 2007 CRAVEN ALEXANDER
Officer direct Sell 0.9950 10,000
Dec 12, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0045 10,000
Dec 11, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0150 10,000
Dec 10, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0220 10,000
Dec 7, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0520 10,000
Dec 6, 2007 CRAVEN ALEXANDER
Officer direct Sell 1.0200 to 1.0400 10,000
Yes, Craven files another SEC Form 4 January 16, 2008 to sell more shares!!
Anyone want to call me more names as I am a realist and call it as the facts dictate, nothing more and nothing less, and with all the losses we had this past year, why would I go back to such a company with my money, when its corp director keeps selling his stock each time there is new buying interest or increase in volume.??
I only apologize to people in here as I am new, and to my earlier posts months ago supporting this company originally and its stock because I/We trusted what Craven and crew told us, and their press releases, and now look what has happened.
I am not short. I publicly posted what we did end of 2007 and with losses and why.
I do not short stocks, I am not a stock daytrader either, and am a long term investor with equities, and only short futures contracts when I am in that bag...
Luminent Notified by NYSE of Non-Compliance With a Continued Listing Standard
5:15p ET January 15, 2008 (PR NewsWire)
Luminent Mortgage Capital, Inc. (the "Company") (NYSE: LUM) today announced that on January 9, 2008 the Company received a letter from the New York Stock Exchange, or the NYSE, advising it that the Company was not in compliance with a NYSE continued listing standard applicable to its common stock. That standard requires that a listed common stock maintain an average closing stock price of over $1.00 per share of common stock for 30 consecutive trading days.
Guess the day trader short sellers ought to be proud of themselves for this?? What do the rest of you "investors" out there think?
FYI Funds ownership of ENT stock
Funds that own ENT
Fund Name % Own
Brompton O&G Trust 1.3
Brompton Equal Weight Income Fund 0.6
Barclays Top 100 Equal Weighted Income Fund 0.4
FYI Funds ownership for LUM stock
Funds that own LUM
Fund Name % Own
Security Equity Fund - Mid Cap Value Series 1.7
Vanguard Total Stock Market Index Fund 1.3
iShares Russell 2000 Index Fund 1.0
Seeing this report addds to my suspicions about FXPE sadly...
Why one asks is it hard for them to finalize their financials timely, yet the corp CEO has no trouble systematically selling shares of his stock everytime there is new buying interest and volume?
This does not look good.
Craven files SEC Form to request late filing of financials for Fox Petroleum.>>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
000-52721
NOTIFICATION OF LATE FILING
CUSIP NUMBER
66979v 20 8
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
(Attach extra Sheets if Needed)
The Registrant is unable to file, its Form 10-QSB Quarterly Report for the period ended November 30, 2007 because its auditors have not yet had an opportunity to complete their review of the financial statements. It is anticipated that the Form 10-QSB Quarterly Report, along with the financial statements, will be filed on or before the 5th calendar day following the prescribed due date of the Registrant's Form 10-QSB.
I gave them a chance twice, and ended up with massive losses over time.
Right now I am focussing other solid small caps that have real known products in demand, increased sales, fantastic earnings and expanding and one such OTC gem actually fitting that is RBRM today.
The excuse before end of 2007 was FXPE insider was simply selling like others ahead of taxes. But to see this go on and on and on is worrisome, as one would think a corp executive would like to see his stock become double digits and listed on regulated excahnge- NOT sell shares when the price is under $1.00 even coincidentally when new investor interest comes about or volume perks up.
Yes, This is another positive development for the company and there needs to be some sort of catalyst to get this stock and the company noticed moreso, as I for one am very surprised the stock is sitting this low for so long...
My eyes can't see more than 2 decimals to right of a whole number, so I see no movement if they are 3 or more figures to right of the decimal; but if the numbers are double digit to the left of the decimal it surely would get my attention.
Mr. Craven selling more shares last week into new volume & buying of investors and this bothers me to see continually happen. Does he not want his corp to succeed and the stock to represent valuation as the corp grows? Now it is just too many constant shares sold everytime investors get interest to buy back into this company.
Jan 10, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.7700 10,000
Jan 9, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.6750 10,000
Jan 8, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.8350 10,000
Jan 7, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9400 10,000
Jan 4, 2008 CRAVEN ALEXANDER
Officer direct Sell 0.9650 10,000
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
common shares 8780000 D
common shares 1/9/2008 S 10000 D $0.675 8770000 D
common shares 1/10/2008 S 10000 D $0.77 8760000 D
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
common shares 8810000 D
common shares 1/4/2008 S 10000 D $0.965 8800000 D
common shares 1/7/2008 S 10000 D $0.94 8790000 D
common shares 1/8/2008 S 10000 D $0.835 8780000 D
LUM + 0.15 (27.78%) Closing @ 0.69/share and volume was lower than normal.
Solid gains in 2 days does not seem like a weak stock to me.
Once burnt, twice shy.... Twice burnt, don't blink an eye.....
I will see if this makes a bottom technically first, as right now, my hairs on back of my neck say go visit the Spears unit in Texas and see what the truth really is and then make my decision on that.
If what is true, it is very small amount of natural gas compared to normal commercial well amounts, and going forward, natural gas rates will fall, not increase as we leave the winter period.
The 16% gain today seems impressive on the surface, but we are tlaking of a stock that fell from $3.00 not long ago too. If I find pink sheet insider sales and/or heavy shorting late day or early tomorrow, it will tell me something else too.
Might be but not surprised as Bernanke & crew speaking on cnbc this morning about economy and heavy rate cut consensus demands by Morgan Stanley (2 1/2% cuts by 3rd quarter) and PIMCO (1 1/2% cuts by 3rd quarter), as if that occurs, LUM as I see it, would be a great benefactor from that in its current position.
After hours LUM +33.33% +0.18 at .72/share
With the normal 10 day average of about 512,600 shares today look at the volume: Vol. 1,152,915 (Heavy) !!!!!