Walk by faith and not by sight. Even when your vision is 20/20!
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At this point I will take any shade of green....PLEASE!!!!
Oh...for a day of severe green!!!!!
Embarrassing...truly embarrassing is this pps. I hope Evan and Stacy are reading or getting filled in on what happens in this board. You are loosing credibility!
IHub is probably figuring out a way to manipulate that too!!!
Yesterday @ 3:57 PM before the uptick!!
who has been buying the 6789 share volume....now that's funny!! 2 x's today already and 1 time yesterday before we went up!!!
Bid creeped up again...I still like it!!!!
Bid is creeping back up also....I like it!!!
AMEN....hope you joined them!
Bid and ask getting tight and the Bollingers are squeezing together!
you may have taken only 1 of many orders out or they (the broker who sold to you) removed 5k from his total amount (partial fill for him!
So don't let large BID or ASK share amounts scare you....they may be leapfrogging (head-fake) trying to keep another MM out of the mix...but If that MM gets caught head-faking he has to live up to the shares which then become "shorted" shares cause they really didn't have them to start with!!!
Just an FYI of the NEW RULES:
Of the 3 new rules kicking in on Monday 5/9/11 FINRA 6460 is the one to concentrate on. My legal buddies are referring to it as the “new leap frog rule”. MMs now have to show the full size of any orders that are the high bid or low offer. Before they could hide a large buy order by only showing 5,000 shares of it which was and is the minimum for penny stocks. The key concept here is “forced transparency”. From now on if a “whale” shows a bid for 10 million shares of Medinah and it is higher than the previous bid then the MM must either reflect it or jump it by a notch to hide it. The “whale” would then need to jump it to get it to be the high bid. Hence the term leap frog.
If an abusive MM with an enormous preexisting naked short position puts in a large offer to scare buyers aware then he has to place it below the former offer and he’s going to have to honor that sale if the “whale” chooses to take him out. The “whales” are going to get pretty ticked off if the MM representing his order fraudulently makes him pay higher because of his antics needing to be performed to hide the large order. This might violate the “best execution rule” (NASD 2320) wherein a broker has a formal “duty” to find the best market to aim an order towards.
“Whales” want to buy size but a crooked MM sitting on a monstrous naked short position with the fear that Medinah just might “have the goods” does not want to sell size. He just wants to fraudulently induce selling and dissuade buying. A variety of the “3Ms” (“market maker manipulations”) are going to be rendered moot. As you can well imagine, a crime as obvious as selling nonexistent shares all day long while pretending to be “injecting liquidity” needs to be done in an environment with no transparency. “Leap frogging” is going to look very, very obvious on a time and sales sheet! There is no better disinfectant than the light of day.
6460. Display of Customer Limit Orders
This version of the rule (or interpretive material) does not become effective until May 9 2011.
(a) Each OTC Market Maker displaying a priced quotation in any OTC Equity Security in an inter-dealer quotation system shall publish immediately a bid or offer that reflects:
(1) The price and the full size of each customer limit order held by the OTC Market Maker that is at a price that would improve the bid or offer of such OTC Market Maker in such security; and
(2) The full size of each customer limit order held by the OTC Market Maker that:
(A) Is priced equal to the bid or offer of such OTC Market Maker for such security;
(B) Is priced equal to the best bid or best offer of the inter-dealer quotation system in which the OTC Market Maker is quoting; and
(C) Represents more than a de minimis change in relation to the size associated with the OTC Market Maker's bid or offer.
(b) The requirements in paragraph (a) of this Rule shall not apply to any customer limit order:
(1) That is executed upon receipt of the order.
(2) That is placed by a customer who expressly requests, either at the time that the order is placed or prior thereto pursuant to an individually negotiated agreement with respect to such customer's orders, that the order not be displayed.
(3) That is an odd-lot order.
(4) That is a block size order, unless a customer placing such order requests that the order be displayed.
(5) That is delivered immediately upon receipt to a national securities exchange or an electronic communications network that widely disseminates such order and that complies with paragraph (c) below with respect to that order.
(6) That is delivered immediately upon receipt to another OTC Market Maker that complies with the requirements of this Rule with respect to that order.
(7) That is an all-or-none order.
(8) That is priced less than $0.0001 per share.
(c) The electronic communications network:
(1) Provides to a national securities exchange, national securities association or inter-dealer quotation system the prices and sizes of the orders at the highest buy price and the lowest sell price for such security entered in, and widely disseminated by, the electronic communications network; and
(2) Provides, to any broker or dealer, the ability to effect a transaction with a priced order widely disseminated by the electronic communications network entered therein by an OTC market maker that is:
(A) Equivalent to the ability of any broker or dealer to effect a transaction with an OTC market maker pursuant to the rules of the applicable national securities exchange, national securities association or inter-dealer quotation system to which the electronic communications network supplies such bids and offers; and
(B) At the price of the highest priced buy order or lowest priced sell order, or better, for the lesser of the cumulative size of such priced orders entered therein by OTC market makers at such price, or the size of the execution sought by the broker or dealer, for such security.
Definitions
For purposes of this Rule, the following definitions shall apply:
(1) Best bid and best offer mean the highest priced bid and the lowest priced offer.
(2) Block size with respect to an order means it is of at least 10,000 shares and has a market value of at least $100,000.
(3) Customer limit order means an order to buy or sell an OTC Equity Security at a specified price that is not for the account of either a broker or dealer; provided, however, that the term customer limit order shall include an order transmitted by a broker or dealer on behalf of a customer.
I agree....that's all that separates us from getting this PPS to a point we are more comfortable with...You and i know they don't have many shares...we have them all!!!
New rule is definitely working....several of my other stocks are being rocketed because they cannot hide orders any more!!!!
hit the ask....@.0065 It's all I have today but I see the new rule is working....We need to hit 52,500 more to move up!!! They must show you the total number of shares they have for sale now....NO HIDING BEHIND 5000 or 10000....hehehe
Question 1) What are your intentions for share structure security (IE increased float etc.) and when do you intend to attempt to uplist from the OTCBB/Pink Sheets!!
Thanks for stepping up.....
Good day peeps....I would love to be on the conference call...Compass...let us know ASAP please....Thanks
4Pets...what is "OW" and please excuse my ignorance. From your statement:
remember
DTCC pr'd OW .. a couple of months back
the timeline given for total implementation
was june
Still here....still hangin....still (fill in the blank)!
I like the way you think!!!
Still here...still hangin on to ALL of my shares!!
5678 shares....let her run!!!
That or there is another simple answer...someone is selling (ex-clearing) something they do not have to keep it at this level. When we did have positive news and excellent pr's the price went backwards....doesn't that tell you, me and all of us something? The only way they will allow the price to run is to clear all the shares they keep shuffling around...and I don't see that happening for a long time. Not enough interest to drive the price up on sheer buying pressure and volume! So they beat us another round and try to get our shares so they can clear.
Whoaaaa....look at that volume today!!! I see we are waiting for news/filings. Looks like the mm's are too!!!
I very much agree with a conference style call....if they (Inca) would agree....who here is in tight with them that could ask?
Eyemed101....do you have a known good email and phone number...I am thru with the waiting too....time to unleash a bitchstorm...
still here peeps....holding everything....for how much longer I don't know...we are heading the wrong way for a company that has so much going for it! I will not ride this into the red....hope it doesn't fall too much more or I will be dumping millions of shares to stay green! They need to pull their heads outta their asses and get something done here!
The reason Brokers have been able to scam so many people is because they know everything about the securities business. The in's...the out's and the "Illegal" loopholes that will tighten around their necks soon enough!!
No sir...that's not odd....It's ILLEGAL!
Luge....why is Fidelity refusing to route buy orders through NITE (verified with agent by phone) but all the sell orders I put in are ONLY ROUTED through NITE? Even when I attempted to change the routing (which my Fidelity Active Trader Pro allows me to do on any other penny/grey/OTCBB stock?)? That sorta goes along with ZECCO no longer allowing online order huh....
Alan....we are still here....we have not left the NSS battle....only left the very tilted battlefield! We read EVERY post on EVERY BOARD (of concern) and I know for sure they screen-shot 1000's of them. We agree with you 1000% and soon the truth will come out! I am sure I will be attacked for this but hey...just fighting the good fight for the right reasons!
Thanks for your diligence
hello Sidney...long time no chat!!! How are you?
Some rather large volume in a hurry...
Nah....that is just someone fat fingering the order of 180 to 18000 and vice versa....there's nothing going on here folks...go back to doing what you were doing...move along...pay no mind to the man behind the curtain. <wink...wink>
claiming zero expertise and putting forthright the utmost of DD to uncover the slime that corrupts this market is very humbling of you! I again thank you for allowing others eyes to be opened to the world of corruption here! I not only appreciate this board but many who post here (but not all)! Thanks again.
I have been reading your posts for a long time and I think you are a breath of fresh air...to a world of rotting flesh. I thank you for all you do here on this board and your insight into NSS is second to none. Thanks again!
AMEN....Just letting you all know I am still here and still holding. Been busy as a long tailed cat in a room full of rockin chairs!