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It does not sound like he has a margin account, but a cash one.
Once I had a cash account, and after the first 'Good Faith' violation I was told that there will be consequences for a second one. I then applied for a margin account. FWIW.
Allinxxl$$, I enjoyed reading your theory and share your opinion. This is very well thought piece of work! I hope you are right about the sell-off being close to over. Time will tell.
I agree that this is a great stock of a very innovative company. I am just pissed off at MMs for their manipulations.
I am holding my shares tight though! GLTA!
I do not think so: they are on the BID at 0.0005 and the ask at 0.0007. I see 5 MMs on the BID (NITE, UBSS, MAXM, ETRD, and DOMS) -- all at 0.0005
On the ASK, I see ETRD at 0.0006, NITE and UBSS at 0.0007, DOMS at 0.0009, and our hero VFIN at 0.003.
Here come the mirror trades. It is never good when a stock is cornered by NITE and UBSS.
Crazy motion on LII right now. Wow!
This is gonna be a wild chase of the white rabbit! Yeah!
Thanks a lot, Allinxxl$$!
AND the 7.8MM buy was me.
Yes, only PEACE and LOVE today!
GM everyone!
HOLY SMOKES! I begin to realize why VFIN popped up on the ask @ 0.003 yesterday.
FANTASTIC NEWS!
Congrats Garr & Co.!
Congrats EFGO-ers!
Here comes the MOON SONG.
http://www.rathergood.com/moon_song/
Cheer up EFGOers!
algol out
It is interesting. Today we see more MMs than usual both on the BID and the ASK. Time to R&R is near!
Hear, hear!!!
Huh, did you see VFIN popping up on the ask at 0.003?!
There you go. Now we are in business!
This sounds good to me. How about a PPS of $0.08 for Aug 8, 2008?
A little dreaming helps us stay on course, does not it?!
We need to have a little more faith... and a lot more patience with this company.
I BELIEVE and I am PATIENT. I see the BIG picture from above the clouds of smoke, and I like it, just like many other on this board.
Hang on to your shares guys and gals!
I hope the smokes will clear when the company gives an update on the share structure (hopefully by Fri, as they promised). Many investors are uncomfortable with the numbers as they are at the moment IMO.
I am just blowing smoke out of frustration... and I wish I had my funds cleared today to buy more shares. Well, tomorrow I will get a few million more shares at silly prices.
I have more surprises for sellers at silly prices.
Yes, that seller should see this
http://www.albinoblacksheep.com/flash/youare.php
With stockhouse.com I see
BID: ETRD, MAXM, UBSS, and NITE at 0.0004 (then DOMS at 0.0002)
ASK: UBSS at 0.0005 then ETRD and NITE at 0.0007, and DOMS at 0.001
10:04AM
----
UBSS up on the ask at 0.0006
10:06AM
MAXM popped up on the bid not long ago. I guess they were sent for bid support at 0.0005. We will see...
Not yet. MAXM is last left on the bid at 0.0005...
The Town Hall has been updated about recent share prices. See
http://cashnow.com/espritfinancialgroup/
============
Question:
A lot of investors are asking why the PPS is stuck, and what are we doing to support it?
Response:
As a company, we can’t control our shareholders. We may not agree with what’s happening to the PPS, and we feel strongly that it doesn’t reflect the value of where the company is going.Bottom line, we have been keeping everyone as well informed as well as we can. We apologize for having fallen behind in posting on the Town Hall recently. Please understand that we need our people to put a lot of time and energy into all of the business opportunities we are working on, and sometimes must ‘run silent’ for a while. With a significant chunk of our management team in China, we were pulling some long hours – especially considering that they were 12 hours ahead of us, pulling even longer hours on a hectic schedule.So, please accept our apologies for having gone quiet on Town Hall for longer than we wanted.
Last week, we announced several significant business developments. The PPS didn’t react at all, and volume fell towards the end of the week.
This week, volume skyrocketed yesterday with no news, and the volume continued today on the announcement of a new, lower cost supplier for our ATM programs. Yet the PPS declined to .0006 for much of today, and someone thought it was a good idea to put through a $500 trade at .0005 to close the day off down 28.57%!!???
Does anyone think that this was a legitimate trade?
We can’t control the market, and we certainly can’t control investor behavior like this. We have the same trouble as our shareholders in trying to figure out the whys and wherefores of recent trading patterns.
We do believe that there are ‘flippers’ who are enjoying the ability to buy at .0006 and sell at .0007 or better. They can make a cool 16.66% in less than a week.
This is why, as a Company, we are trying to focus on two things: Make good business decisions to turn opportunities into reality, and maintain transparency as best we can. Announcements about business developments keep our shareholders informed, and hopefully, help get the word out to a broader audience. We think it is fair to say that almost all of the news we have been publishing lately is meaningful and significant with respect to our business.
We have made a lot of announcements. Each one takes a lot of work to get to, and each agreement or LOI creates a lot of additional work to follow up on.
We are going to be very busy the next while putting programs and proposals together, following up on all the announced opportunities. There may be a little less news, but that is a good thing.
Realistically, if we hit one home run before the end of the year, it can have a dramatic effect on our financial performance.
But we are also going to strike out at times. We will not close every potential deal, and some deals may not work out that well. However, we believe in the saying; If you’re not making mistakes, you’re not trying hard enough.
Believe us when we say we are trying very hard. We have made, and will continue to make mistakes. Things will take longer to get off the ground than we like. At the same time, other opportunities may drop in to place more easily than anticipated.
Can you make money faster trying to catch a ‘pump and dump’ pinkie on the way up? If you’re lucky. If you believe that what we are building value as a real business, with an existing revenue stream, operating in the black, with lots of potential upside, then hang on to your shares.
We will do everything we can to validate your faith in us. Unfortunately, that does not include controlling the share price.
Me too, allinx! TIA!
Did anyone try to send email inquiries to info@chiricogroup.com?
This seems to be a valid email address. I just sent an email, which went through. I will let you know if I get any reply.
The latest PR does not mention americaasiapetroleum.com any more (see below). I think that there will be no more such website, but rather all web inquiries to americaasiapetroleum.com will be automatically redirected to chiricogroup.com. So, the right question to ask IR is: when is www.chiricogroup.com coming online again? I wonder what the reply is going to be, if any.
===============================================================
CARSON CITY, Nev., May 9, 2007 /PRNewswire-FirstCall via COMTEX/ -- America Asia Petroleum (OTC Pink Sheet: AAPU) announced the change of its ticker symbol from AAPM to AAPU due to the recent reverse stock split from 1:40. The decision to affect a reverse stock split was made in an effort to generate renewed interest in the company after the suspension of trading and to remove any control from those who could be possibly shorting the stock.
The management wants to make clear to all stockholders that any changes are to the benefit and protection of the company and its stockholders. America Asia Petroleum represents joint venture energy companies that operate in China for the North American markets.
In addition management is discussing changes and options for America Asia's business future. While the suspension has been lifted, the company being a gray non reporting pink sheet has negatively impacted the public market.
This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking-statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as 'expects,' 'will,' 'anticipates,' 'estimates,' 'believes' or statements indicating certain actions 'may,' 'could' or 'might' occur. Investors are cautioned to rely only on statements made by the company and not to rely on statements made by third parties that are not paid for by the company.
SOURCE America Asia Petroleum Corp
CONTACT: Investor Relations of America Asia Petroleum Corp, +1-775-831-8887
URL: http://www.chiricogroup.com/
http://www.prnewswire.com
www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
-0-
KEYWORD: Nevada
INDUSTRY KEYWORD: OIL
SUBJECT CODE: STS
Code 911 may mean "raise bid to .0009 and ask to 0.0011", I wish
HDSN also joined the bid now @ 6 – total of three now; HDSN, MAXM, and UBSS.
Here it is:
SEC Votes To End Short-Selling 'Grandfather' Protections
June 13, 2007 11:23 ET
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Securities and Exchange Commission voted Wednesday to
approve a change to tighten rules intended to curb manipulative short sales,
including so-called "naked" short sales.
The change eliminates a controversial exception that shielded existing short
positions from requirements to deliver hard-to-borrow shares within 13 days of
settlement. Once the change takes effect, short positions previously protected by
the grandfather clause must be closed out within 35 days.
SEC Chairman Christopher Cox said persistent failures to deliver shares sold
short seem to be due to the grandfather protections, which the SEC included in
2004 to prevent stock-market volatility. Critics complained the protections
undermined efforts to clean up abuses involving "naked" short sales.
Short selling involves sales of borrowed securities, producing profits when
prices decline. The practice is legal, but the SEC's Regulation SHO sought to
prevent "naked" short sales, in which short sellers don't borrow securities they
sell.
SEC officials said delivery failures have declined about 35% overall since
Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks
defined as "threshold" securities.
-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
(END) Dow Jones Newswires
That was me. Will buy some more later...
-algol
My point is that the net accumulation for May alone was around 1B shares IMO. If we take 1.5 shares as a lower limit for the shares owned at the beginning of May, now this number is up to least 2.5B shares. The active float is claimed to be ~2B shares. So, is EFGO being shorted?
What impresses me is the traded volume in May – almost 3B shares (see the link below)! I have been following the trading on a daily basis in the past month, and I think that the BUY:SELL ratio was between 1.5:1 to 2:1. The latter ratio yields a net accumulation of about 1B shares by shareholders. AND about 1B shares exchanged hands in the past month. So, if you assume that at the beginning of May the total number of shares held by IHUB-ers and rest of the world was 1.5B shares, now this number is 2.5B shares, which should comprise the whole active float according to the Town Hall (or even exceed it!). Are more shares sold on the market than actually available? BRGE have sold 500M shares in the past two months. If I recall correctly, IR said in an email that BRGE had something of the order of 100M shares to sell only...
I think that we are ready to start the upward trend, and I hope that people are wise enough to hold on to their shares. I also hope that BRGE are done with their evil agenda on this stock and move elsewhere!
Comments?
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=EFGO&SortBy=volume&Month=5...
You are amazing! I will do the same on Mon or Tue once my funds are available. Hope it is not too late to get cheapies from weak hands.
-algol
Here is an interesting article about bashers.
http://www.novakcapital.com/bashers.htm
I am still here too. Have not sold a share!
Look at the monthly volumes for May. BRGE traded 463M+ shares!
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=EFGO&SortBy=volume&Month=5...
My prayers are with you, MNM...
Great job!