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Because the IOUs are swapped back and forth quickly enough that they are never allowed to settle.
The only way to get an accurate count of these IOUs is to have a complete audit of every share recorded as held in an individual brokerage account at a given time. Subtract the number of shares in the float and you have your figure.
Ah, thanks... just needed to look around a bit more.
Looks like a great little company. I see there has been some dilution, but is the float still 78m?
CDIV has crashed because of slanderous fearmongering... period. Someone caused it to crash, but not Jerry Williams... someone also enriched themselves off these investors' money, but again, you won't find those gains in Jerry Williams' account. We shall see what we shall see. It will be interesting.
Dream on buddy. Everyone isn't captured.
If it does go to .0001, I will gladly sign the papers, buy the whole float, get the certs, and show them to my congressman.
In fact, I know of at least ten people who will do the exact same thing. Wonder what congress will say then?
If the SEC doesn't do its job, see your congressman.
Page saved. Thank you.
When this is worth .0001, I will sign the papers, buy the whole float, get a cert, and present it to my congressman. Thank you, please drive through.
You're assuming they have feelings other than predatory hatred... that's a stretch, to put it mildly.
Holy crap.
The only way to find out the NSS count without a major audit is to canvass major shareholders. We've done that several times here. If a number of individuals together own over 100% of the float, you can't come to any conclusion other than naked short selling. Of course the argument is that everyone is lying about their share counts here. It might be hard for some to believe that everyone in the world is not a lying scumbag, but the majority of CDIV shareholders are just not.
If anyone wants to contact Nazir,
http://www.corporatestock.com/forms/DTCINFORMATIONLETTER.pdf
xbig, CDIV is still pretty thin, and lo and behold, there seems to be a pinch forming on the daily chart. I'm going to be looking at this closely for the next few trading days.
My feelings exactly. I really enjoyed this weekend and getting to know the rest of you all better. It was a really productive time. Everyone seemed to have a positive attitude towards helping each other succeed here.
Great news today. Better things to come from EIGH.
See what I mean, bud? Not much buy pressure and its back to .072. It's thin as a supermodel... if you don't believe me, ask xbigshot. Even if you want in for just awhile, it's a good buy right now.
Why would this have anything to do with it? It's daily buyers/sellers plus the way MMs spin those trades that determine daily price. The large volume of shares that are not coming out, though, makes any volume of buying affect share price dramatically, so I wouldn't bet on prices staying this low for long.
There are at least two schools of thought here about what is "smart." If you are a starving coyote grasping for every penny, I can see the desperation to grab whatever you can on a play like this one, but Monk isn't a starving, grasping coyote. It's not going to kill him to sit on his CDIV stock until kingdom come, just to support the principle of the thing and see it through. I know he's convinced of the validity of the principle, and so am I, or I would have bailed. But I didn't.
My prayers are with you all. I've been through that, too. The longer they live the more attached you get. My cat got cancer when he was 16 and lasted another 2 1/2 years with treatment, and it was hard seeing him go. It's a shame they don't live longer.
It's baseless accusations that require an explanation. But they just keep being repeated here on yah... er.. IHub.
For anyone who might question what is going on here, please ask yourself this:
Why did not only EIGH, but also CDIV and GRNO begin steeply dropping on Thursday before the news came out on the cancellation of the dividend for EIGH, and also, WHY WERE CDIV AND GRNO TARGETED AT ALL? This should be obvious... it was a coordinated attack by the vested interests who finally felt threatened by a material event that could expose them, i.e., the dividend on EIGH.
Here are the charts for the past 2 trading days in the three stocks:
EIGH:
CDIV:
GRNO:
Pretty interesting, isn't it? What needs to be seen here is that this was not an event-driven drop due to a negative PR that happened to come out for one stock. It was an organized attack upon a group of investors. From late September, when the board attacks began, until October 14, all three declined steadily. Between 1PM and the time of the PR each stock dropped 3 cents. Someone had advance knowledge of the PR, and began the takedown early, and in all three stocks equally!
Whenever events like these transpire, always ask yourselves, cui bono? Who benefits? It's all about money. Thomas Kelly may have made a mistake, but the MMs, in my opinion, took full advantage of it to organize this portfolio crash.
Slip them enough cash and most journalists will praise the devil himself.
If enough people call a bar of gold a pile of excrement, how many people will just follow that consensus? This company made a mistake about which funds were available for use in paying a dividend. That's it. I wonder why it takes an army of voices to twist this into something that will cause the share price to drop precipitously? Who benefits?
When you orchestrate a group to manipulate a stock and cause the value to artificially drop to nothing, through selling non-existent shares, it's called business as usual on Wall Street. But I suppose those criminals are too big to fail, eh?
Why would they? He didn't have anything to do with the massive coordinated attack on their investments.
It's amazing the depths the vested interests will go to to try and dupe us out of our CDIV shares, isn't it? New regulations enacted 10/15 make it much tougher for them to continue to commit fraud through the issuance of counterfeit shares, so they desperately want us to sell those shares back. But what do they do in pursuit of this goal? Do they, in an honest and forthright manner, buy shares on the open market to cover their positions? No. That would mean releasing some of the money they stole from us by selling us shares that did not exist. They instead take the low road. And it has been a low road indeed. Such has been the onslaught of propaganda that the weak-minded might even have questioned the integrity of their own mothers had that been the objective.
Yet there were few weak minds. The float remains locked. Volume tells me this, and the character of that volume tells me even more. Finally, the propaganda continues. Ask yourself why.
It seems far from a done deal. Don't let propaganda sway you... it is most likely bought and paid for by those vested interests who would benefit from breaking up a FLD. From the action we've seen on L2 the past couple of days, someone seems to be buying heavily, and indications are that, while a couple of very small players may have covered (big odd-numbered blocks going through,) The big boys haven't done so. The consensus is that the company may be buying back shares at these levels, just as stated in their PR. The 40 million could not be used for the dividend because of legal technicalities (it could not be considered "retained earnings,") but there is no problem buying back shares with it.
None of this is more than speculation, but look for a PR next week. There might be a good surprise for those of us who held on.
Yes, I had heard good things about Schwab too. Since they lowered their commissions, they seem to be a pretty good choice now. When they had a share-count based commission structure, much like Scottrade, they were not so good for trading pennies.
Alright... good info to have on these guys. I'm liking Fidelity more and more. Glad I got an account there.
They even let me buy EIGH the same day I submitted my ACH to transfer funds, even though the funds had not cleared yet. I had to call it in for approval, but it went though just fine, and I was charged only the normal web commission of $7.95. (Actually would have done much better if I had waited to buy. )
You have Schwab and didn't get it? I was just going by what Pizzaclown said.
Fidelity shows the dividend still there in my account.
One good thing coming from this is that we can tell who the good customer-oriented brokers are, because they put that dividend in there on the date promised whether or not the company had delivered it yet. If and when I make enough to have an income account, this is important information to have. The good guys so far seem to be:
Fidelity
E-Trade
Did any other brokers deliver the dividend?