learning how to be trader
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Slander? or are we just so much smarter than the feds?
All in all it seems that the Pink sheets not being regulated and being home for so many scams is the fault of the Feds.......... Im not sure it would be SEC. Or Finra but some fed somewhere is responsible for allowing a venue to exist so that I as a member of the public could fall prey too.
Frankly the Pinks should have the same standards of reporting and validating as the big stocks do or they should get out or go to the greys...
At least someone should check if there is really a business and work going on before allowing that stock to trade.
It is sorta like I have a pond on my land or a swimming pool. some gov fella makes me maintain a fence around it to "protect the public" but they allow the pink trading arena to exist?
And by the way... I do not know what to think of CRGP being a scam or not. If I was CRGP i would I think handle this a lot differently but again maybe there are reasons for the quiet they have shown lately. I am not in Mexico on a mountainside dodging maybe druglords or corrupt politicions trying to bring in a lil profit from a dirt pit. Maybe it takes a little bit of that "Rambo" or "African Queen" spirit to pull that off.
But my whole point is that FINRA, SEC, Federal Judicial system and lord knows how many other agencys allowed this "scam/potential scam" to exist and me, Mr Public has now lost almost $400 [ what I would pay to go stay in an RV park for the weekend].
Do you see my point?? There is no use going on back and forth over something like the existance of mine, mining activity, sale of mine etc when it should have been some sort of initial search done by these same government people who are now freezing everyones money and not allowing at least a small write-off in return....
It is like the gov is using the pinks as bait to feed their coffers under the guise of watching out for the public. As for the no write off...... well that cost the feds and that is also pretty one way as I stated they allowed the stock to be sold un restricted and I was one of the "retired helpless people that these scammers prey on".
And yes they will keep the fine money, me and you will pay for the incarceration of any guilty defendants as well.
I am an older fella who was brought up thinking our governement was like the John Wayne of the world.... It is hard to fathom what it has became now. We live in a world of grey or is it just corruption period?
Metal mining stocks are and always will be much more "feast or famine" or unreliable/unpredictable ones.
Take coal for instance where whole mountains of the stuff lays there and all you have to do is remove the mountain to the crusher and ship out on railcars or barges. This is a much simplified explanation but bear me out.
Now take a look at an open pit metal mine specifly gold and silver.
They occur more in patchs or veins or corridors than say copper iron and other common metals.
When you look at this mine [or any hill or peice of property] you will see many different colored dirts [ores if you will] and each has its own content AND method of extraction.
One stock I know has "brought" in mining experts, mined 20% less ore and silver prices fell 18% in this quarter and still made 25% more profit!
SCAMMMMMMMMMMMM , the silver and gold ratio is all wrong! Where did that gold come from all of the sudden????? BSSSSSSSSS etc.
No.. they did it basically because they quit using pine oil in their flotation and used another agent. [simplified version]
Suddenly they were floating more silver and more gold from less ore... The tailings [waste] were now more clean of value than before and more was staying in the company coffers.
The ore they had reached looked the same as the previous layers and maybe thru complacency or whatever they never improved on their method until silver took a huge dip and stock holders were abandoning ship.
So in come the experts and wow. what do you know....... Bingo they in the drivers seat and learned a lesson forced on them but not easily forgotten.
Also mines do play out......... That is why they are sold off and traded and re-opened when prices are higher or maybe a new method of extraction.
Do your DD.........
FINRA and lawyers will get all the money if any is recovered. Huge fines will come down possibly in the "interest of protecting the public" and again the public will pay the bill..
What they outa do is verify where the money is and pay our bus ticket there and we do one of those mob scenes..........
Or simply open trading at a realistic number 1 tic above highest current share and force the CEO to buy them all untill they run outa money........... I know is hard to do with fake mine and fake equipment etc. sheeshhhhhhhh
But anything beats giving it to FINRA and the lawyers under their fraudulant claim. They are as crooked as the scammers they bust when they wont even allow a writeoff .................
In the event CRGP goes to the greays,................. How does one buy /sell/bid or ask there??????
The rates that lab charges are way lower than those charged for crude oil and chemical analysis. Like 20% maybe and that is dirt and rock compared to liquid too.
http://www.prescottlab.com/
Miss Janice, what is that other board that you post on that seems to be making a lil more concrete headway towards serious DD than this one is accomplishing?
I cant PM
I was thinking the same thing when I posted. You would think as old as this board is and all the combined talent there is here could put to rest the existance of the 2 mines as being real and capable of being sold or as un real and sold LOL
What has it been .... 5 years or so?
The cash raised in the reports was all raised before the halt and after the dividend record dates. They had 300 mil stocks until the middle of July and then really got more but no indication they actually dumped them OTHER to the debt to equity deals which makes sence.
According to CRGP on 8-13-2015 , 77.25 million shares was retired of those 300 mil which leaves only 242 mil left [their number] and then same PR states they rebought another 95 mill by the 13th.
This is where it would be good time to get that debt to equity fella to enter the market and everyone is happy until COR screws up :)
CRGP sold that one mine and had lots of cash laying around.
They did the debit top equity deal and the buyouts announced and dividends paid with hopes one program "fed" on the other and they had no idea about the dividend mistake that COR and DTSS were going to make.
The got halted and it will all be resolved more or less because of a mistake not a glitch on part of the brokers.
Now question is what to do with the money left laying around CRGP.... Pay more diviys>?
OR merge/buy a NOL like MYRX and shelter heck outa them taxes for a few years.
The stock market is for companys to raise cash.
CRGP was buying shares back at the time of the halt.
They had done the debt to equity thing with the Noblis for 327 million.................
they were then buying them back to fullfill the $1 mill left on the buy back program.
Maybe plan was to allow them to be sold for slightly more than the actual deal was on paper [maybe for tax purposes or something] as CRGP wound up with most of them anyway. Like "Hey I will give ya x mil shares valued at X$ IF you wait until the stock raises after we buy back a load........"
Example: " Hey buddy accept this 327 million stock which today is enough to cover our debt IF stock reachs 10% more than it is now.
We will be buying back stocks and price will naturally go up and you will be smelling like a rose. When it reachs 10% increase we will buy them back. "
WOuld be easy to do if one told the other "yeah that is my 9 mill ask or that is my all or none bid"
ANYone here have this happen to them??????
get a due bill deduction or charge from their broker????
From the
http://www.courthousenews.com/2015/08/31/penny-stock-calissio-accused-of-fraud.htm
" COR says Calissio and its "affiliates" thereby got the DTCC to pay them dividends taken from the selling shareholders' accounts.
Pretty much seems like it was a large transaction like in millions that set this off and should help Adam's side of the story as compared to the scam speculators."
AND BY THE WAY THIS IS FROM AN OMAHA NEBRASKA PAPER .... CAN WE SAY "Predjudice " maybe :)
Hummmm that sounds an awful lot like most folks here....
I WILL do DD before the next trade :)
CRGP retired shares from one completed buyout [77 million] to its treasury according to their PR........
Is that where rules say retired shares are to go . I did read that they have to actually be saved. [the original certificates and voided from Investopedia site
http://www.investopedia.com/ask/answers/05/retiredstock.asp
On the video and on CRGP website, where the lady in the blue has is working is the float seperater. The concentrate is the foamy liquid that she is looking at and from what I gather contains 25% copper. So the concentrate figures need to be divided by 4 to get copper metal content.
But again very vague and assumptive.
Actually it makes little difference if CRGP bought a stock with a dividend owed on it as it would be negative gain/loss in reality [minus taxes etc]
If they bought it back they did not have to pay huge $.011 div on it Or they bought it back and paid their selves is almost the same in common sense terms.
But for sake of simplicity and reduction of paperwork and to avoid this sort of misunderstanding that got in the way of this stock dump [IMO] there should be or maybe is a ruling like someone just quoted that says a share once back into a companys treasury is for all practical purposes not due anything from the company as it is back ho0me so to speak.
in PR issued Newswire 8:52 8-13-15 they retired 77.25 million shares under the one buyout "to be retired"
http://www.investopedia.com/ask/answers/05/retiredstock.asp
The total shares in circulation according to CRGP is 242.823 million at that date.
On PR dates 8-20-15 CRGP from 8-13 to 8-20 they bought 35.634 million shares for $486 thousand USD. This was from goal of $1.3 million. These were just buy back and not to be retired nessesarily and can be resold later.
In PR dated 8-24-15 they claimed in period of 8-13-21 they sold total of 63.115 million shares for $588 thousand USD.
2 things from these numbers.
1] 40% or so of buyback of dollar amount rebought
2] they bought 28 mil or so shares on one day.
3] as of 8-21-15 there were no more than 177 mill shares outstanding according to CRGP
I had brunch today with Adam........ and his full blood brother Jim Kowolski and we debated the CRGP crisis over crumpets and long island tea as a small but annoying mariachi band provided some additional shade.
We didn't come to any conclusion but all expressed strong opinions.
If you check your PR's over the last few months from CRGP you will see that there were 2 distinct buy backs talked about.
The earlier was for something like $1.3 million and last reported it was 66% or so completed. There was no mention at all of this meaning they were to be retired as compared to being put in the treasury account subject to being resold at a later date.
The second one was for 77 million to be retired and was completed. These shares literally should have been destroyed. Never to foul the market again.
COR got the bill but lots of that money went to pay the div on shares CRGP itself bought which would have lower CRGP's cost overall if the newly created shares prove to be eligible.
Personally I think was an elaborate pump and dump in which the paying of diviys bought a lot of trust and was a great idea. Announce buy back while flooding the market with new shares.
Not sure if the diviy problem was planned tho. If it was it was not well thought out as it seems CRGP could be losing lots of money as I am sure they did not buy back as many as was being dumped.
Wonder what the shares outstanding are now>?
Thanks for responce. I am not paid member and can't private message. Im trying to get this sites L2 tho as mine won't show CYPW. I have to use "Time and Sales" and Directed Trade to see just last sale and paticular bid/ask for that sale.
For a while I was wondering if it was worth getting membership at all for all the pumpers and bashers and so few actually serious .
What does that mean in noob terms? :)
Any share born after June 30, 2015 would not qualify for the dividend. Since we do not see the actual stock certificate I would not know if I had qualifying share or not. And if I had bought after 6-30-15, naturally I did not qualify tho the share could if there was another owner of record on it for that date.
Do the brokers see this on the real certificate?
On the certificate the oldest name on the list on the new stocks would be the company and I would think as well as an original issue date.???????????
From what I gather all the new stocks once leaving company's hands thru broker would be owed on payday their dividend ONLY if there was no issue date OR owner of record before July 1, 2015 on the certificate unless broker/clearing house made mistake.
The basis of the complaint is this owing of dividend monies to the owner of record for 6-30-15.
The new share would not have one so it really sounds like someone at brokerage/clearing house made mistake and if Adam got ill gotten money he needs to return it.
If the brokerage/clearing house made mistakes then they should learn and not do that again as FINRA and they have done the public as much or more damage as did this whole dilution deal did.
Pass out the fines and re-open the market.... ANd get a few pics of the mines and all for Git :)
I can sympathize with him on that not understanding the dividend thing with him being an Aussie who works out in the hot sun of a copper mine all day :)
But I now fell less sympathy for him when he was pretty well watering down the punch.
Karma can be a bidge
I have the terms for the dividend dates wrong I think.
I had assumed the date june 30, 2015 was the record date.
And I had assumed the 8-17 date was the Paydate.
And I had never heard of the ex-dividend date but would have assumed it was the same as the what i was calling record date in above case.
Im not really dum just a lil ignorant and it is late :)
There was confusion in dividend paydates:
On June 16, 2015 PR Newswire 8:03 AM:
Company announces a Quarterly Cash Dividend of $0.011 a common share [ Approximately $1.3 million USD on 118,181,818 shares] payable to the holder of said stocks at close of business day June 30, 2015 payable on August 17,2015 .
Company ALSO approved a special stock dividend of 3% to the holder of said stocks at close of business day June 30, 2015 AND payable on August 17, 2015
IMO Recap: 1] Paydates and date of ownership set for both dividends.
2] 118,181,818 shares eligible for divis according to company [meaning outstanding or in circulation?]
A few PR's later:
On August 13,2015 PR Newswire 8:52 AM:
MAJOR importance here is the payment date for the quarterly cash dividend is set for August 17th, 2015 and reaffirms the date of record as being same for both on June 30, 2015 BUT does not say pay date for special dividend program 3%.This happened from June 1,2015 to August 12, 2015>
A few PR's later:
On August 20, 2015 3:06 PM:
1] Company announces that they paid the "previously announces cash and stock dividend." [singular not plural]"DTCC confirmed that funds were allocated to all participants"
true they raised the AS by 3.4 billion but these were done well after dividend eligibility date of June 30, 2015. So that would have nothing to do with the dividends at all. [from 7-21-15 to 8-25-15]
All you had to do was own the stock on end of business day on June 30th, 2015. Correct?
3 billion shares after that date would make the whole thing not a fault of CRGP other than dilution.
You did not have to hold shares according to the company PR after july 30, 2015 or until paydate of 8-17-2015 UNLESS THAT IS SOME SORT OF MARKET RULE??????
Legal to use new issuances immediately after issuance?
Or at least legal to put directly on open market may be better question
Miss Janice, are these records a record of an AS or new allotment of shares by company and if so can they be used immediately?
http://nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=%252fAkSyK9skhJeMV9EcM0bWA%253d%253d&CorpName=CALISSIO+RESOURCES+GROUP%2c+INC
Miss Janice, can you help me understand how many shares CRGP had on 8-25-15 according to this link?
I read it to say that on that day start that they had ..... hell I cant tell and that is why I am asking grrrrrrrrrrrrrrr
http://nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=%252fAkSyK9skhJeMV9EcM0bWA%253d%253d&CorpName=CALISSIO+RESOURCES+GROUP%2c+INC
FINRA was also reading this message board and maybe also caught the "panic"? :)
Some FINRA info no Grey Sheet mentioned and according to this FINRA will isue statement.
http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=4414
(3) After FINRA initiates a halt in an OTC Equity Security as a result of an Extraordinary Event Halt, trading and quotations in the OTC market for the OTC Equity Security may resume when FINRA determines that the basis for the halt no longer exists, or when ten business days have elapsed from the date FINRA initiated the trading and quotation halt in the security, whichever occurs first.
(4) FINRA shall disseminate appropriate public notice that a trading and quotation halt initiated under this Rule is no longer in effect.
I am assuming that this is not the case if the SEC files it's own charges.
So if the shares are freed up to sell, IMO I mite still be able to make my money back and then some...........[?????]
Wash sales are illegal.
Ignorance is no excuse as I found out also.
I had sold at a loss and was trying to take the loss [ not meaning for tax purposes tho I dont see why that would be a problem personally] and re-enter the sale at a lower price. Uncle Sam made the stock dealer add the difference of the loss to the cost of the new shares because I bought back in the same stock within 30 days.
Had I waited the 30 days, all I would have had was a tax writeoff for the original loss and no wash sale charge and could have bought in lower than the sale that caused all the problem.
I don't think is a criminal charge as the broker is forced to make the charges immediately but I think repeated offences would cause a "Breach of good faith" under my broker rules. [fidelity]
Mine coordinates may just show one corner of plot. And because it is not a square but a rectangle is it possible the avocado orchard or open pit mine could be inside that block? I think the math would work.
Personally it does appear to me that it is a mine as area is pretty rugged.
I did not run google earth scan myself as I figured that no one would be dum enough to risk everything including liberty on such an easy to find fraud....
And that may be why I am out $400 on this deal... At least so far and at this time.
NOTE TO SELF: Do DD BEFORE entering into deal cuz something like this can happen..
My last lesson was performing a wash sale trying to re-enter a trade and would up with new shares costing more and they are still in limbo waiting for the price to go up
Screenshot of over 2m sales on D-Day 8-26-15
These are from my platform using Time and sales page. It is hard to tell how many zeros are in a number :)
http://inspector12.net/stocks/shares%208-26-15.jpg
to Lufrance: being a free member makes it impossible to answer private mail but for the record I created the account to gain knowledge on my stocks.
I seem to be posting more on CRGP stocks due to their recent skirmish with the folks at FINRA which enacted a U3 halt on them on 8-26-15.
I haven't bashed the stock and have added googled information to address issues both in favor and out of favor for the stock and hopefully have opted towards the facts.
For example I do think they have a mine and yes it seems some involved in the company structure may have been in trouble before.
On CYPW side, I really hope the engine comes to life. I would buy one in a minute. After doing DD as yall call it here, It may not be possible BUT again the company is good at not answering "chatroom chatter" and I can understand and almost admire a person who can go about their business and overlook "public sentiment and judgement"
Back to the subject of my account, I have learned quite a few things while here this week. There are bashers and pumpers and even a few serious knowledgeable people [who can spell correctly] and I would like to be associated with the later bunch [ok they don't have to spell good]. Any invitations would be welcomed.
At this point I can not afford a paid membership but would like to get the L2 feature as my platform does not do some pennystocks or stocks in general. Like I can get VTG which is under $.3825 a share but cant get CYPW.
Only 32 sales over 1 million on 8-26-15 according to Time and sale feature using fidelity platform.
Only 8 were over 2 million.
The biggest were at 12:34:01 and 09 for 9 million each both at .0035.
The last sale over 2 million was at 14:31 for 2.4 million
There is also some identical 1 mil plus sales within seconds of each other ..
Just food for thought.
U3 halt is worse than U1 halt:
Go to following page and click "All Halts" with and without clicking U3 and arranging by date..
You will notice that there were 8 [2 duplicates] halts on the day CRGP halted. 3 have been resumed. None were for U3 reasons tho.
By clicking all halts U3 you will see loads of Greek companys listed [ just food for thought] and lonely CRGP on top.....
http://otce.finra.org/TradeHaltsHistorical
Today there were a few halts as well and all resolved quickly but again none were U3 halts.
Kyleen Cane and CRGP??
https://kyleenandmichaelcane.wordpress.com/
WOW!
Again this is just from internet. Still researching.
Notice time frame tho !
UPDATE:
https://kyleenandmichaelcane.wordpress.com/category/fraud/
Quote:
“The defendants used an escrow account maintained by Cane to successfully control the price and volume of Cubed’s stock,” the release states.
Among the evidence cited by the government in the case is a cellphone call made in May by co-defendant Abraxas “A.J.” Discala, 43. He is the CEO of OmniView Capital Advisors LLC, a Connecticut company that bills itself as a merchant banking firm, the Wall Street Journal reports.
During the call, Discala allegedly said, referring to the use of Cane’s escrow account, “I’m the f—— brake and the gas, jackass. If I take my foot off the brake it’s 55 [dollars] tomorrow.” His comment was followed by laughter, the FBI says.
Transfer agent and Commercial Registered Agent are not same thing but I suppose could be held by same person. Just lightly scanning the court case from the FBI site, I am not sure what she actually could have been charged for. I mean the actual description of her post as Commercial Registered Agent is really just a mailbox holder and mail forwarder [ unless charges were for some sort of late or missed filing] but again is no way of telling what post she was holding at time of her charge.
What is really neat about that article is that some of the charges were for everyday "manipulation" of stocks which is what we all do when we buy and sell. We all dream of being the one who can move the stocks LOL
I am free member so I cant answer privately.
Agent definitions:
http://www.bizfilings.com/learn/what-is-registered-agent.aspx
http://www.bizfilings.com/learn/using-registered-agent.aspx
https://en.wikipedia.org/wiki/Stock_transfer_agent
Agent for CRGP has been charged in past for a pump and dump.
I am not an experienced investor but am told to do DD and I did BUT to late...... :(
There is a tie to a pump and dump thru the agent tho again as a beginning investor I do not know what an agent does but she was charged so it is assumed by the layman that she was capable of some sort of wrong doing as the charge states and the same company is current agent for CRGP.
I am suggesting that there is a tie to a possible pump and dump based on links I posted.
I at this point can find no info on court case results. Am still Googling.