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I read this on another board and thought it was interesting, which could affect us. Though, the links didnt work for me but that could be due to my work.
August 10, 2010
READ ALERT interesting.The Nail In Wallstreets Coffin
http://www.phonienews.com/12316/the-nail-in-wallstreets-coffin/
As the Obama administration helps our largest banks tread water in an ocean they themselves created, a tidal wave has been spotted just over the horizon.
A new, stock clearing house will open in the U.S. in March that will right many of the wrongs perpetrated by the market makers, brokers, and hedge funds conducting business on the NASDAQ and OTC markets. The NASDAQ OMX has been approved to start the clearing of stocks next month. Currently, 92% of all stocks in the U.S. markets are cleared by the DTC, which is an arm of the Federal Reserve.
The problem for the market makers, brokers, and hedge funds, is all of their NSS (naked short selling) will have to be covered when companies jump to the No Nonsense NASDAQ OMX from the DTC, that for years looked the other way when this practice occurred.
A naked short sell is perpetrated when a buy order is placed by an individual for a stock and a market maker pulls those stocks out of thin air and puts the imaginary stocks into the individuals broker account. This practice has bankrupted countless marginal companies in the last 8 years. Many, if not most market makers are owned by the large banks and brokers on Wall street.
This practice of naked short selling artificially deluded the outstanding shares, making each share worth less causing a death spiral. At this point the brokers and hedge funds sell short, betting that the stock would further decline, which was a no brainer of course.
Almost all of these affected companies did not survive, at least in their original form. However, the companies that did survive this savage market manipulation will soon leave the DTC and join the new clearing house of the NASDAQ OMX. I know of one CEO that spent over 750K of his own money to save his shell OTC company from this type of manipulation and will most likely have a very healthy profit for his troubles.
When this transpires in March, ALL OF THOSE AIR SHARES MUST BE COVERED by the brokers or market makers AND all those hedge fund short sells MUST BE COVERED AS WELL.
This will put the nail in the coffin of dozens of hedge funds, markets makers, and brokers throughout the U.S. The chickens are finally coming home to roost and they've grown to the size of an Emu.
The greed imbeded in our stock market will be proved to have been unprecedented in human history.
http://www.phonienews.com/12316/the-nail-in-wallstreets-coffin/
Also, maybe a few can help me out. A while back, probably months ago, didnt Matt indicate that some of the posts by someone on the board about the direction of the co., etc, were quite close to what is happening? If so, was that Mr. Long?
The reason I ask, is if I am correct, re-read Mr. Longs recent posts and he might be on track again. He appears to be exceptional in research and connecting the dots.
I am just hopeful that his beliefs come to fruition. Though, regardless if he is right or wrong, I personally believe this is a company to hold onto for a while.
I hope we all make money.
First I want to say that I am 100% pro CBAI, but I dont think a stock buyback is in the works considering all the acquistions, etc.
In the last 10Q there was approximaltey 836K in cash. Which would result in approximately 149m share buy back (doesnt put much of a dent to the OS), that is if they used all their cash.
Right now, I personally dont believe that would be in the investors best interest. Though, I hope I am wrong and since the last filing we have much more cash to complete the acquisitions and do a buyback.
Mr Long points out many exciting thoughts (not from pure speculation) which appear to make sense and I believe we will have a bright future, but a buyback is not in the cards YET, IMHO.
I hope all the shorters loose their shirts when this company mocves.
Based upon everything Mr Long has laid out, this may support his thoughts. I surely hope so.
http://www.msnbc.msn.com/id/38294522/ns/politics-the_new_york_times
Thanks Holter
thanks CBAI Waiting
Hey Holter, I appreciate your response and I realize the shorts having to cover if the price goes up to preserve their capital, But what I am curious about is, specifically what does the trigger entail.
I cant think of the company enlisted to create or help the squeeze, but what do they do to help the squeeze besides normal buying pressure.
Maybe that sounds stupid, but I am clueless. I did read the 101 investor post a while back, but it didnt seem to follow logic, but I do realize logic is out when investing, especially the Pinkies eventhough we are fully reporting.
Granted, I may have misunderstood your message since I have had a few drinks and may sound stupid, please forgive me.
I forgot about the new trigger point and we just missed it, which is disappointing.
Though, I am not sure what the squeeze would entail. If anyone can enlighten me, I would appreciate it.
Regardless of the trigger point, I believe this sector is hot to explode as many have posted specific articles and I plan on holding for years while selling a few on the way up.
I have been here for about 8 months or so and dont normally post but enjoy Mr Longs and Locks posts which make you think. It appears that Matt is making some major strategic moves which will definitely payoff in time, but again they may not. BUT, I am pro CBAI, I am just waiting when the company renames themself since we are becoming global or are global. At least I believe that will happen in time.
I hope we all make some money.
I cant wait for the day until all the shorters have to cover. I beleive it will happen and I truly hope it costs them alot of money (hahaha). In the mean time, I am still picking up as much as possible.
Nothing will happen by the end of the week. We have a higher probability of us Nuking North Korea than Jorge providing an update of substance, or any type of update for that matter (beside the joke of an update on May 28th). He is habitually late with everything he does and I have lost confidence over a year ago, but still had hope. Now all hope is gone and I am thankful I got out with a small profit and some freebies.
Good luck to you all, I seriously hope he overcomes all the issues and we all make money. Though, I dont beleive that will be the case, but hope I am wrong.
Hey Insure, Sounds odd to me, but they have have said that from the Todd Fiasco
Thanks and I do recall him mentioning that. And I too like that thinking, since it is long term.
Yeah, that was great...
Many of us have been here a while and we deserve it (hahaha)... Seriously, I am hopeful too. Like I have said before, we have made alot of progress with a bunch of bumps along the way.
One that sticks in my head was when I first purchased rejuv a while back. The label on the package was hand written, which told me shoe-string operation, but there was a product which is huge in Pinkyland (IMO). Now, the label is computerized and the packaging itself is even more professional looking, which tells me that we have made some improvements within our Infrastructure, etc.
I think we are a rough jewel that just needs a bunch of polishing. Of course, this is only my opinion
Yeah, I was hoping that was not the case. hahaha...
Well, like a few said before, hopefully Jorge now has the money he needs to get this bad boy going, and we all make money.
How great would it be if we got an institutional investor that held tight and lets us explode. Though, I surely hope the shares are in stronger hands. I picked up some more today. Hope it was a good decision
Has anyone heard from Jorge as to why we had such volume. At least from his understanding?
If not, could one of the regulars, such as Insureman contact him?
Hope this is a start of a steady increase in PPS and profitability.
How nice that would be. Not holding my breathe (ahaha), but give her time and stay the course and I am a believer.
Amen and I agree with your last post.
Think people still forget all the progress we have made. It surely has been bumpy and frustrating to say the least, but I believe we will get paid in the long run. Though, I could be 100% wrong.
I agree with that and i picked up some more. I hope we do explode.
And it appears Todd out of the picture may be a good thing. While I liked his odd style, there was way too much drama for my taste.
If you ever in town, let me know and well get a beer too (if interested). Beer takes the edge off of losing on Pinkies (though I believe CXAC will deliver in time). ahhaa... Born and raised and went to UNLV also.
Hey Insure, As you know, I dont pay so i cant PM. Though, if you are ever in Vegas, let me know so we can meet up for a beer. We have been here quite some time (you definitely longer) and you have always been solid and I appreciate it. When or ever in the area, let me know and I will give you my info.
Thanks Insure, i really appreciate it
I understand, but if you do hear anything and you are willing PM me, I would appreciate it.
The last two post, gave me a great laugh and has made my day. No offense Hammer, but if you cant laugh at those comments... Well...
I think you a jumping to conclusion. If i recall correctly, Insureman indicated that he was on vacation. Though, I wouldnt doubt he decided to not post since there were certain posts indicating that he made phony posts of emails from Jorge.
We are a long away from seeing this thing move, and I believe it can. While there are many items that concern me, we have progressed over the months, definitely with a bunch of debacles on the way.
It appears certain people get overly optimistic about potential news and overly pessimistic about the delay, which is a re-occurring and frustating. But, he have made progress as a company, just not as fast as I and many would like.
Interesting... I am going to have a family member purchase through the website (like I did), and ensure that only a one time purchase is selected (like I am confident I did) and see what happens.
I just hope that we are not trying to trick people, because I dont want to part of something like that. That can brew bad blood.
I am seriously now questioning Jorge and his ethics, besides his continual debacle of delays. I purchased some of the trial offer for $9.95, which I got and was happy with hte packaging again. Then, I receive another package and look at my AMEX statement and see another charge for the rejuv cream for $26 and some change.
I need to go back and check the disclaimers, etc. But, I know when i purhased this, I didnt want the reoccurring billing. Plus, I read on Yahoo thattwo other people had similar issues. In my opinion, that is bad business, at least for me. Because when I feel jilted, I will never do business with that person, company ever again.
Does anyone have any insight?
Excatly, those two points are SIGNIFICANT!!! While I do get ftustrated, I try to remember that.
We will probably get the update in two to three weeks. Well, that is life. Maybe one day this will awaken and make us money, but I am surely not going to hold my breathe.
But what is really frustrating to me (not sure why), is Jorge's one liner emails. I wish he would realize that communication is that much more important in Pinkyland, since companies within are ussually not established.
Maybe he should go back to doing his monthly investor update letters. Seriously, if improved his communincation, along with meeting his own deadlines, it would help significantly. His shoe string is getting quite worn and thin.
Wow, why PR that! Thanks for the info
I see your point, but that would be the case with any PR, for any company. Granted, we havent received the official PR and the revenue share hasnt been submitted with Pink sheets.
I have lost faith a long time ago, but I still hope it fairs out. The good thing is that the drama has been quite less, than what it use to be.
I agree and good point
I would think that there is some contractual agreement based upon the PR below. If there isnt, I believe we have more issues with the legitimacy of their communications. Not that we dont have enough to contend with. I expected another delay, but hoped it wouldnt occur.
FT. LAUDERDALE, Fla., May 4, 2009 (GlobeNewswire via COMTEX) -- Cross Atlantic Commodities, Inc. (Pink Sheets:CXAC), a distributor of specialty "quality of life" enhancement products, has come to an agreement with T3 Media, this agreement will enable both companies to reach there goals and will give better value for the shareholders.
Dear Shareholders,
It is our pleasure to announce to all of you that after many hours of
hard work and negotiation, T3 and Cross Atlantic Commodities have
reached an agreement to further our relationship in what we
collectively believe will be the best long-term business model for
productivity and shareholder value.
T3 will remain a private company operating in autonomy to CXAC.
CXAC will, however, serve as the operations mechanism for T3's product
lines.
To be more descriptive and place this in terms that describe the
benefit to shareholders and the two companies, I offer the following,
stated by Todd Smith President T3 Media:
"It was not the banking or reverse merger capabilities that T3 sought
from CXAC. It was the expertise of Jorge Bravo, Jr and company at CXAC
that T3 requires for successful product launch."
T3 will continue to research, develop and acquire quality lifestyle
enhancement products for men and women who seek to achieve fulfilling
personal lives.
CXAC and their expert management team will provide the foundation for
sales, marketing and logistics for T3.
Under this arrangement, both companies will receive revenue from OMG!
and Emerge Lip Enhancement Therapy.
The particulars of the revenue share will be released in an official
press release and pink sheet filing. Since revenue sharing will be
similar to the arrangement contemplated by the original banking
agreement, the bottom line result will remain the same for the two
entities separately.
Therefore, an investment in CXAC or a purchase of T3 preferred debt
will still net the same result for the shareholder as originally
planned.
T3 has secured funding for the launch of OMG! via Stephan Todd Smith
and Pyramid Financial Group and associated investment banking groups.
Any celebrity endorsement will be signed with T3 and the particulars
of the arrangement are therefore private, as T3 remains an autonomous
private entity.
Future business plans for both companies will be announced through
reputable national publicists and news mediums.
For now let it be said that the Re Juv by Caci launch and the
celebrity endorsed OMG! product launch will occur over the next month.
Thank you for your patience and support during our time of change and
for allowing us to derive the best possible relationship for both
companies and shareholders. Again, based on revenue flow, the impact
on shareholders will not be affected by the organizational structure.
Thank you again and please expect further details over the coming few
days.
About Cross Atlantic Commodities, Inc.
Cross Atlantic Commodities, Inc. is a publicly trading company under the symbol CXAC. For more information about our products and company, please visit www.crossac.com
Cross Atlantic Commodities, Inc. develops, acquires, markets and distributes specialty "quality of life" enhancement products and general merchandise to the public via direct response marketing, direct marketing and eventually mass retail/wholesale distributors. Products the company is currently focusing on include:
Well, I received my 2nd order of Re-Juv and I was surprised by the packaging. What I mean is, the 1st order I received, the address, etc. on the package was hand written and looked like a rinky dink operation. This time, it was computerized and looked quite professional.
While it is minor, I am pleasantly surprised. The first time i was happy that they actually had a real product. While I have been frustrated as many, I think CXAC continues to progress. It may be quite slower than we like, but it appears to progress. Maybe I am looking too much into this, but it is a pleasant surprise for me.
thanks for all your insights nad I hope the same for CXAC
Hey ABIGHAMMER,
I have been watching this for a little while and was actually thinking about jumping in back in Feb or so when it was much higher. What are your thoughts, on this company. Granted, I am going to do my own DD, just would like your perspective.
I know you are frustrated with CXAC to say the least, but you appear to have interesting thoughts, not that we would always agree
Insureman, have you heard anything from Jorge, such as the schedule, etc.
I dont know and I am with you
It appears to me that Jorge is operating on a shoe-string, and is trying to stay above water; which may explain delay after delay after delay.
Out of curiousity, has anyone contacted BRG to verify that CXAC is in fact one of thier clients? Insureman, have you heard anything from Jorge in regards to the launch and the schedule? If you all recall, he was postponing the lauching earlier due to President's day (my recollection)which was also on Monday, the next holiday coming up is the 4th.
Jorge's one liners are in essence crap, and he has lost the faith of many. I still try to hold onto the positive, but it is surely a difficult task.
If you can find anything out Insureman, that would be great. I would like to see the commercial on TV again, at least the new version, and see how BRG is promoting us. I am expecting the worse, but hoping for the best.
Thats my understanding...
Read the past PR (I belevie 3rd from last). We are sharing in revenue, the %'s are not known. CXAC is providing the Marketing and sell center for OMG!, Todd indicated to me that all OMG revenue will flow through CXAC and CXAC will out a % to T3.
We are in a partnership, but are independent companies. For lack of a better analogy, its like KFC and Taco Bell sharing the same building (or whatever businesses often share the same building), but are different companies. Its not a good analogy since Pepsi owns both companies and that scenario is structured for cost savings and our is revenue share. But hopefully you all get the jist.
At least that is my understanding