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Doog,
I can vouch for your sincerity & IMO you're a first class guy!
Thanks for your clarification.
Best of luck to you in the casino.
CS
Doog,
Thought TLR was one of your favorite stocks...Why the change?
"Well said Yale...this stock over the next 2 to 3 years is going to make a lot of investors smile cheers"
BTY "Blessings & condolences to Dru's family & friends...may he rest in peace".
So why would you post that?
You were once upon a time a really honest guy.
Continued Success!
CS
"China and India have hated each other for a thousand years. Why should things be different now?"
UKT: China: the new rulers of the world
Last Updated: 12:01am BST 19/04/2008
Malcolm Moore reviews Rivals: How the Power Struggle between China, India and Japan Will Shape Our Next Decade by Bill Emmott and The Second World: Empires and Influence in the New Global Order by Parag Khanna
Deng Xiaoping would have never stood for this sort of publicity. The architect of modern China warned his disciples always to "keep a cool head and maintain a low profile". The Politburo has forgotten his advice.
New Delhi's Metro in the shadow of a temple dedicated to Lord Hanuman, the Hindu monkey god
With the Olympics approaching, China has never had a higher profile on the world stage. Barely a day passes without some startling and barely plausible fact: apparently a town the "size of London" is appearing on the Pearl River Delta every year.
Publishers have been unable to contain themselves over this sudden frenzy of information about how China is transforming the world. The piles of books about China seem to be growing at the same pace as those new megalopolises.
Most of these books pronounce that the future belongs to the Middle Kingdom. After all, even the World Bank has predicted that China will overtake America as the world's pre-eminent economy in less than two decades. It is worth remembering, however, that there were plenty of similar books about Japan's imminent global domination in the 1980s.
Bill Emmott, a former editor of The Economist and an expert on Japan, has looked at China in relation to Japan and India, the other emerging Asian powers. He raises the delicious possibility of "a single vibrant market for goods, services and capital, one that stretches all the way from Tokyo to Teheran".
However, Rivals points out that behind the "smile diplomacy" of Asia, a power struggle between the three could undermine their mutual success.
Emmott's argument is best illustrated when he does some basic reporting.
Taro Aso, Japan's foreign minister, tells him: "China and India have hated each other for a thousand years. Why should things be different now?"
Meanwhile, a "very senior" Indian official at the foreign ministry says: "The thing you have to understand is that both of us [China and India] think that the future belongs to us. We can't both be right."
This political distrust has given birth to an arms race, with all three countries rushing to build larger navies.
Chinese submarines have sneaked into Japan's waters, while India has bought two aircraft carriers from Europe and is building a third. Emmott notes that China increased its defence spending by almost 18 per cent last year, to £23 billion; the government is keen to keep the plump generals of the People's Liberation Army on side with new toys.
With obvious flashpoints becoming ever more apparent in Tibet, Taiwan and North Korea, Emmott worries that the channels of communication between the countries and the West are poor. There were better communication links "between America and the Soviet Union during the Cold War".
Japan is also trying to offset China's increasing dominance in the region by helping to strengthen India, which is now its largest recipient of overseas aid. Japan financed the building of the New Delhi Metro and is now paying for a freight route connecting Calcutta, Delhi and Bombay.
In turn, China is imposing itself in the Indian Ocean, where it needs to secure safe routes for its tankers to bring in oil and metals from Africa and take its cheap trinkets to Europe.
The news that the country's president, Hu Jintao, regularly tours Latin America, Africa and even the Seychelles rarely makes the papers, but it helps to illuminate China's strategy of grabbing resources wherever it can.
But this sort of insight is rare. The problem with Emmott's book is that it is what journalists would call a "cuts job" - a thesis culled from secondary sources. It is elegantly written and strong on economic analysis, but it tells us little that we do not already know.
By contrast, Second World by Parag Khanna is brimming with enthusiastic first-hand reportage from the 50 countries he says will determine our future. Khanna, a 30-year-old PhD student at the London School of Economics who works for a think tank, actually toured through his "second world": Eastern Europe, Central Asia, Latin America, the Middle East and Asia.
"I never left a country," he promises, "until I had developed a sense of its meaning on its own terms, until I had assimilated a blend of perspectives from cities, villages and landscapes, based on conversations with a wide variety of people, including officials, academics, journalists, entrepreneurs, taxi drivers and students."
This is the sort of reporting that newspapers can no longer afford to send correspondents to do, and his book is compelling and exciting, even if his bold claims sometimes betray his inexperience.
The thesis that emerges from his travels is that the world is being split into three empires, with the US, Europe and China seeking to extend their influence among developing countries.
He points out how the expansion of the European Union is self-perpetuating, since new members, wary of being the furthermost border of the union, try to convert their neighbours to the cause. Ukraine, for example, "has even sent maps to Brussels showing Ukraine shaded European blue - Mitteleuropa, not Osteuropa".
Even if his scattergun approach fails to cover any country in depth, his glancing blows often have greater impact than Emmott's considered analysis.
While Asia may have been preoccupied with China's emergence 10 years ago, Khanna argues, today it feels differently. The more confident China becomes, he says, the more it will co-operate with its neighbours.
He quotes a Malaysian strategist: "Asian nations are gradually perceiving China as less of a threat, especially since its rise creates major economic opportunities for each of them, and has become a rallying point of Asian cultural pride."
http://www.telegraph.co.uk/arts/main.jhtml?xml=/arts/2008/04/19/boemm119.xml
spooky, contact John Swallow, Executive Chairman
Timberline's goals and objectives for 2008 include:
* Complete the listing process and begin trading on the AMEX.
* Complete due diligence and close the acquisition of SMD.
* Achieve substantially increased profitability in our services
business.
* Complete exploration and drilling programs at several project sites.
* Increase exploration activity and seek to reduce financial risk
through increased use of strategic partnerships.
* Continue evaluating additional merger and acquisition opportunities
in both mining services and mineral exploration.
For more information about Timberline, please visit the Company's website at http://www.timberline-resources.com.
Contact:
Timberline Resources Corporation
John Swallow, Executive Chairman
(208) 664-4859
www.timberline-resources.com
Investor Voices
Investor Relations
Ian Cassel
(717) 626-3991
OT: Venezuela Halts Oil Sales to Exxon Mobil
Tuesday February 12, 9:27 pm ET
By Fabiola Sanchez, Associated Press Writer
Venezuela's State Oil Company Halts Oil Sales to Exxon Mobil
CARACAS, Venezuela (AP) -- Venezuela's state oil company said Tuesday that it has stopped selling crude to Exxon Mobil Corp. in response to the U.S. oil company's drive to use the courts to seize billions of dollars in Venezuelan assets.
Exxon Mobil is locked in a dispute over the nationalization of its oil ventures in Venezuela that has led President Hugo Chavez to threaten to cut off all Venezuelan oil supplies to the United States. Venezuela is the United States' fourth largest oil supplier.
Tuesday's announcement by state-run Petroleos de Venezuela SA, or PDVSA, was limited to Exxon Mobil, which PDVSA accused of "judicial-economic harassment" for its efforts in U.S. and European courts.
PDVSA said it "has paralyzed sales of crude to Exxon Mobil" and suspended commercial relations with the Irving, Texas-based company.
"The legal actions carried out by the U.S. transnational are unnecessary ... and hostile," PDVSA said in the statement. It said it will honor any existing contracts it has with Exxon Mobil for joint investments abroad, but reserved the right to terminate them if permitted by the terms of the contracts.
It was unclear how much oil PDVSA supplies to Exxon Mobil, the world's biggest publicly traded oil company. Both Chavez and Oil Minister Rafael Ramirez previously said the company is no longer welcome to do business in Venezuela.
Venezuela's decision leaves up in the air the situation of a refinery in Chalmette, La. -- a joint venture supplied by Venezuelan oil in which PDVSA and Exxon Mobil are equal partners.
Exxon Mobil spokeswoman Margaret Ross declined to comment on the move by Venezuela but added that "it is our long-standing practice to take appropriate steps to meet our customers' needs."
Exxon Mobil is challenging the Chavez government's nationalization of one of four heavy oil projects in the Orinoco River basin, one of the world's richest oil deposits.
A British court issued an injunction last month temporarily freezing up to $12 billion of PDVSA's assets. Exxon Mobil also has secured an "order of attachment" from U.S. District Court in Manhattan on about $300 million in cash held by PDVSA. A hearing to confirm the order is scheduled for Wednesday.
Other oil companies including Chevron Corp., France's Total, Britain's BP PLC and Norway's StatoilHydro ASA have negotiated deals with Venezuela to continue as minority partners in the nationalized projects. ConocoPhillips and Exxon Mobil balked at the government's tougher terms and have been in compensation talks with PDVSA.
Earlier Tuesday at an energy conference in Houston, Exxon Mobil senior vice president Mark Albers declined comment on any court proceedings with Venezuela, though he said the company is eager to negotiate fair compensation for its assets.
Exxon Mobil is taking the dispute to international arbitration, to which Venezuela has agreed. Its legal actions essentially seek to corral Venezuelan assets ahead of any decision by the arbitration panel.
Venezuela's announcement came after Ramirez, the oil minister and PDVSA president, reiterated in a newspaper interview Tuesday that Venezuela is ready to cut off oil supplies to the United States if pressed into an "economic war."
"If they want this conflict to escalate, it's going to escalate. We have a way to make this conflict escalate," Ramirez was quoted as saying.
The White House on Tuesday declined to comment on Venezuela's threat. "When there's a litigation that's ongoing, different parties will say anything to try to win over on an argument," said White House press secretary Dana Perino.
Meanwhile, Venezuelan state television has begun airing short anti-Exxon segments, with a message appearing on the screen in red text reading: "Exxon Mobil turns oil into blood."
The U.S. remains the No. 1 buyer of Venezuelan oil, and Chavez relies largely on U.S. oil money to stimulate his economy and bankroll social programs that have traditionally boosted his popularity.
Some analysts say it would make little sense for Chavez to follow through on his broader threats to cut off oil sales to the U.S. because Venezuela owns refineries in the United States that are customized to handle the South American country's heavy crude.
Ramirez said Venezuela is selling the U.S. a daily average of 1.5 million barrels of crude and other products derived from oil.
Associated Press business writer John Porretto in Houston contributed to this report
JoeSmith, I'm neither an insider nor am I just blowing smoke.
Why didn't you read the entire post?
1.In fact, the PPS have fallen 70% since the Acquisition News.
2.Traders then, logically, are the other individuals involved and can certainly effect this PPS, either way, in this low float stock.
3.Do you really believe that "traders and the other individuals involved" effected the PPS? I don't believe it.At least not in my opinion.
Best Regards,
CS
TAKURI, "The company, in the meantime has executed two accretive acquisitions. What dilution?"
Acquisitions should have increased revenue and added value to the shareholders equity and that didn't happen here.
In fact, the PPS have fallen 70% since the Acquisition News!
Do you really believe that the DPDW management hasn't diluted our shares of stock?
"There are many shares that have traded over the past month that add up way over the filings for sales at the SEC. Traders then, logically, are the other individuals involved and can certainly effect this PPS, either way, in this low float stock."
Do you really believe that "traders and the other individuals involved" effected the PPS?
I don't believe it.
At least not in my opinion.
Best Regards,
CS
Any thoughts on the overhang situation with DPDW?
Posted by: makeamint
In reply to: clarity789 who wrote msg# 68229
Date:2/7/2008 4:41:47 PM
Post #of 68242
Any thoughts on the overhang situation with DPDW?
Are you thinking about getting back in, as we are
back to pre run Sept.07 levels @ .63. from 2.35 whodathunkit
Posted by: clarity789
DPDW?
Here's my take for now...
I'd wait for the sub-40's... as the chart shows, DPDW will soon see a Death Cross (MA50 crossing below MA200)
Estimated time frame? Maybe a week...
Historically, most DC's result in at least a 50% retracement lower.
PR today delivering to SLB...
HOUSTON, Feb. 7 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) announced today that it has delivered a Proteus(TM) Active Heave Compensation Unit to Schlumberger for deployment in waters outside the Gulf of Mexico.
http://biz.yahoo.com/prnews/080207/aqth162.html?.v=17
Any thoughts on the overhang situation with DPDW?
Posted by: makeamint
In reply to: clarity789 who wrote msg# 68229
Date:2/7/2008 4:41:47 PM
Post #of 68242
Any thoughts on the overhang situation with DPDW?
Are you thinking about getting back in, as we are
back to pre run Sept.07 levels @ .63. from 2.35 whodathunkit
Posted by: clarity789
DPDW?
Here's my take for now...
I'd wait for the sub-40's... as the chart shows, DPDW will soon see a Death Cross (MA50 crossing below MA200)
Estimated time frame? Maybe a week...
Historically, most DC's result in at least a 50% retracement lower.
PR today delivering to SLB...
HOUSTON, Feb. 7 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) announced today that it has delivered a Proteus(TM) Active Heave Compensation Unit to Schlumberger for deployment in waters outside the Gulf of Mexico.
http://biz.yahoo.com/prnews/080207/aqth162.html?.v=17
RPT-Rio shareholders underwhelmed by firmer BHP offer
Wed Feb 6, 2008 11:54am EST
(Repeats to additional subscribers with no changes to text)
By Eric Onstad
LONDON, Feb 6 (Reuters) - Mining giant BHP Billiton (BLT.L: Quote, Profile, Research) sweetened its all-share offer for rival Rio Tinto (RIO.L: Quote, Profile, Research) on Wednesday just enough to prolong a takeover process, but not enough to swallow the firm, shareholders said.
Many investors said they would hold tight as BHP (BHP.AX: Quote, Profile, Research) seeks approvals from regulators and China mulls a possible counter-bid.
"It keeps them in the game, I think that's what it does, otherwise they would have had to go away," said Graham Birch, fund manager at BlackRock (BLK.N: Quote, Profile, Research).
The fund holds 22 million London-listed Rio shares worth 1.2 billion pounds ($2.36 billion) and 130 million BHP shares, according to Reuters Knowledge.
BHP launched a formal but hostile bid on Wednesday, offering 3.4 shares for each Rio share, up 13 percent from a preliminary level of three shares, hours ahead of a deadline by UK regulators to make a concrete move or walk away for six months.
Rio Tinto (RIO.AX: Quote, Profile, Research) quickly rejected the fresh bid as undervaluing the firm after previously spurning the initial unsolicited approach as also too low.
Shareholders said they would not press Rio to hold talks with BHP over the current offer.
"We know they can pay much more... I don't know what they're trying achieve with this," said a hedge fund manager in London who declined to be identified. "I think the right price lies in the region of four-to-one and I think at some higher three number Rio management would be pressured by shareholders, including ourselves, to sit down for talks."
BHP's all-share offer valued Rio's London shares at 51.68 pounds, about 4.6 percent below their closing price on Wednesday.
60-POUND THRESHOLD?
"My view all along has been that (a price) approaching 60 pounds is probably where serious negotiation starts," said Julian Chillingworth, chief investment officer at Rathbone Investment Management in London, which holds 4.6 million Rio shares according to Reuters Knowledge.
He said he was unlikely to accept the offer if a decision had to be made now, but BHP must get regulatory approvals, a process that could take a year, before it can send out offer documents.
Many Rio shareholders have called for BHP to add cash to its offer, but Chief Executive Marius Kloppers told a presentation in London that option was rejected due to the time lag.
"That means a considerable period of time where a lot of things can happen... We haven't considered cash for this deal for that reason," he said. BHP might have difficulty increasing its offer much further since the sweetened offer already gives Rio shareholders 44 percent of a merged firm and raising cash would be difficult amid a global credit crisis, Chillingworth added.
"I think there's two conundrums for the BHP board. One, they can't, for their own shareholders, give away more than 50 percent and secondly, the construction of a cash offer in these straightened times is difficult."
Last week's surprise move by China to grab a major stake in Rio might bring BHP and Rio closer together, the hedge fund manager said.
"They should sit down at an informal level. The earlier they come to a friendly agreement, the less likely the Chinese would be able to interfere," the hedge fund manager said.
"If the Chinese do something they will be seen as a hostile party and I don't think Rio's management want to be run by Chinese."
Chinese aluminium group Chinalco and U.S. Alcoa (AA.N: Quote, Profile, Research) rocked markets on Friday when they bought a 9 percent stake in Rio worth $14 billion and said they reserved the right to make a full bid for the group.
Regulatory filings show BlackRock sold around 6 million London-listed Rio shares last week, nearly a fifth of its holding, at 60 pounds a share, the price at which Chinalco bought its stake. (Additional reporting by Miyoung Kim) (Editing by Richard Hubbard)
Rio Tinto rejects sweetened BHP bid as too low
LONDON (Reuters) - Bid target Rio Tinto (RIO.L: Quote, Profile, Research) (RIO.AX: Quote, Profile, Research) rejected a sweetened all-share bid from rival mining group BHP Billiton (BLT.L: Quote, Profile, Research) (BHP.AX: Quote, Profile, Research) on Wednesday.
"The boards have concluded that the pre-conditional offers significantly undervalue Rio Tinto. Accordingly the boards have unanimously rejected BHP Billiton's pre-conditional offers as not being in the best interests of shareholders," a statement said.
SUT Presentation London, January 23rd 2008
Offshore Global Prospects Presentation
(A must read....now do your DD!!)
http://www.dw-1.com/assets/documents/23-01-08%20DWL%20SUT%20London.pdf
AWYI...overviw..................
"Of all the duties enjoined by Christianity none is more essential and yet more neglected than prayer." - Fenelon
Thanks for the DD...
Francois Fenelon, Spiritual Letters
"And I have declared unto them thy name and will declare it; that the love wherewith thou hast loved me, may be in them and I in them." - John xvii. 26.
SPIRITUAL LETTERS.
LETTER I. The advantage of humiliation.
I pray often to God that He would keep you in the hollow of his hand.
The most essential point is lowliness. It is profitable for all things, for it produces a teachable spirit which makes everything easy. You would be more guilty than many others if you made any resistance to God on this point. On the one hand, you have received abundant light and grace on the necessity of becoming like a little child; and on the other, no one has had an experience fitter to humiliate the heart and destroy self-confidence. The great profit to be derived from an experience of our weakness, is to render us lowly and obedient. May the Lord keep you!
G_Money,Some Thoughts & Questions
"There is no such thing as a "sure investment"... every investment is a speculation"...Einstein.
I am a newbie here planning on adding to my position.
But I asked a friend who is a savvy investor for his thoughts regarding AWYI.
Could you clarify for me your thoughts regarding the management & in particular the CEO..."everyone i've talked to says arne is the real deal" - we shall see.
I read that he had resigned from MOBL to pursue other opportunities but my friend told that he was told to resign.
So my friend, I am only asking for a second opinion.
Is he an honest man of integrity like yourself?
And thanks for your thoughts...I do trust your integrity.
Best Regards,
CS
Glenn, thanks for the clarification
The foundation is being built - I'm sure second level structure will be revealed once the ground floor goes through integration!
Praying that Arne is an honest & transparent Pennyland CEO.
Best Regards,
CS
Sterling,your thoughts are appreciated.
You seem to be a man of integrity. What an excellent week AWYI has had. The strength of the share price going into next week is formidable.
While half of the posts on this board seem to be preoccupied with whether the PPS would be up or down in the next hour, I am sure there were many savvy people taking a macro view of the price and holding their positions.
This was a stock this week for hyperactive traders with real skill, but the overall trends and support were equally fascinating and bode well for the possibilities going forward.
It will be possible for the stock to go higher after such strength. Monday is a whole new ballgame with AWYI commencing next week at more than twice the price it started this week at.
Regarding Arne Dunkem, the now CEO of AWYI, the foundation he laid while CEO of MOBL was in Korea. He was not the man to lead
MOBL shareholders to .40...that was JW & TS. (I was invested during the run too).Perhaps he is the man to lead AWYI into the promised land?
I agree, "We are still in our infant stages here with AWYI in my opinion with tremendous potential still waiting to be captured".
All the Best,
CS
Arne Dunhem, Chairman of the Board, President & Chief Executive Officer
Mr. Arne Dunhem, who has served as our Chairman, President and Chief Executive Officer since the founding of the Company on February 10, 2004, has over thirty years of executive management and engineering experience with large complex multinational corporations, large international organizations as well as early stage technology companies. He has over the years been instrumental in arranging more than $300 million in investor and vendor financing commitments and is knowledgeable in all aspects of international business, finance, management, information systems, network operations and engineering for both publicly traded and privately held corporations. Between February 2004 and present, Mr. Dunhem has been the Chairman, President & CEO of Ariel Way, Inc., a company focused on the build-up of a publicly traded global highly secure telecommunications company headquartered in the metropolitan Washington, D.C. area, USA. Between December 2003 and February 2004, Mr. Dunhem was a consultant providing executive management and merger and acquisition support services. Between January 2002 and November 2003, Mr. Dunhem was the Chairman, President and CEO of MobilePro Corp., a publicly traded technology company in Rockville, MD. He was instrumental in merging the private Neoreach, Inc., a development stage company developing third generation wireless modem and semiconductor systems, with the publicly traded MobilePro Corp. Between July 2001 and January 2002 Mr. Dunhem was working as a strategic business consultant and was in January 2002 hired by Neoreach, Inc. as its President & CEO. Mr. Dunhem was between November 1998 and June 2001 the Chairman & CEO of erbia, Inc. a U.S. domestic long-distance communications company where he took the company from its start-up phase through the sale of the operation to a U.S. publicly traded company. He was working between January 1998 and October 1998 as a strategic business consultant for various private companies. Prior to this he was between July 1993 and September 1997 the Chairman of Tele8 Kontakt AB, a Swedish nationwide start-up cell-phone operator and also between January 1993 and December 1997 the Chairman of Nordiska Tele8 AB of Sweden, an international long distance and local telephone services company. Here again, he took the company from its start-up phase through full operation and eventually the sale of both companies. Mr. Dunhem was between May 1991 and January 1993 with CruiseComm, a company developing high-speed satellite communications for voice and data for large passenger cruise ships sailing in the Baltic Sea, the Mediterranean and in the Caribbean. Mr. Dunhem was between September 1989 and April 1991 the Executive Vice President, Engineering & Operations of Comvik Skyport AB, a Swedish telecommunications company providing satellite and data communications services, which developed into the current European Tele2 telecommunications operator. During the period September 1978 and July 1989 Mr. Dunhem was with INTELSAT, Washington, D.C., an international satellite communications organization in a capacity growing from staff engineer to program manager where he had responsibilities for building up some of the world’s largest command, control and monitoring networks. He previously was with the Saab-Scania Aerospace Corporation and the Swedish Telecom. Mr. Dunhem earned his M.S. in 1974 in space telecommunications from Chalmers University of Technology, Sweden. Mr. Dunhem is the Chairman of the Swedish Lutheran Church of Washington, D.C., is active with several community organizations, is the founder of a Swedish-American Community Center in Washington, D.C. and has over many years been active with the Boy Scouts of America. Mr. Dunhem is a U.S. citizen and has lived in the Washington, D.C. area since 1978.
Sterling, "Next, consider that the now CEO of AWYI is Arne Dunhem. Bottom line, for those who are not familiar with him or remember the run that MOBL had, he was the CEO that was responsible for MOBL going from .002 to .40 per share"???????
Sterling, Jay Wright was the CEO of MOBL during the run that MOBL had from .002 to .40. Read the PR my friend...
MobilePro Corp CEO Resigns To Pursue Other Business Interests; Jay Wright Appointed CEO
Rockville, MD, December 17, 2003 - MobilePro Corp. (OTCBB: MOBL), an emerging company developing new global wireless technologies and applications, announced today the resignation of Arne Dunhem as chief executive officer and director of MobilePro. Dunhem tendered his resignation to the board to pursue a new CLEC business opportunity and will continue to work with MobilePro to ensure a seamless management transition.
The MobilePro board announced the appointment of Jay Wright to serve as chief executive officer effective immediately. Wright recently served as CFO for Technical and Management Services Corporation ("TAMSCO") where he negotiated the sale of TAMSCO to Engineered Support Systems, Inc. Wright previously served as CFO of Speedcom Wireless Corporation where he helped raise more than $14.5 million in equity funding for the wireless software technology company. Wright's experience also includes serving as an investment banker with Merrill Lynch and as a mergers and acquisitions attorney with Skadden, Arps, Slate, Meagher and Flom, LLP in New York and Foley & Lardner in Chicago.
Wright received his Bachelor's degree in Business from Georgetown University (summa cum laude) and a JD degree from the University of Chicago Law School.
"I look forward to building an expanded management team and leveraging the company's current business initiatives to generate value for MobilePro's shareholders," Wright said. "I intend to quickly address the proposed Constellation transaction, emerging Zigbee opportunities and other business development and acquisition opportunities now in progress," said Wright.
"Arne Dunhem has made a contribution in helping MobilePro capitalize on its Korean partner connections," said Daniel Lozinsky, a member of MobilePro's board of directors. "We wish Arne much success in his future activities and foresee opportunities to possibly work together in future projects."
MobilePro is an emerging company creating scaleable and global wireless technologies and applications. The company has expertise in wireless components technology and intends to leverage that expertise into delivering wireless applications and systems solutions for the global enterprise markets. The company has aligned itself into three operating units. The company's MobilePro Applications Division intends to develop new Wireless Data Network Exchange Service(SM) (W-DEX(SM)) products for wireless data applications and operational support services such as wireless network monitoring and testing. The company's MobilePro Systems Division intends to provide specialized radio frequency design services for turnkey wireless systems, wireless telemetry systems, solutions that bridge wireless local area networks ("WLAN") and third generation ("3G") and other wireless web systems. The company's NeoReach Advanced Technologies Division intends to develop advanced 3G chip technology including 3G modem semiconductor chip sets for hand set telephones, pico-cell base stations, smart antenna technology and advanced radio frequency semiconductors.
Wall Street ends wild week as Soros eyes recession
Chew on this tidbit LT_Matt...""I'm not looking for a worldwide recession," Soros said. "I'm looking for a significant shift of power and influence away from the United States in particular and a shift in favor of the developing world, particularly China."
Posted: January 25, 2008
6:47 p.m. Eastern
By Jerome R. Corsi
© 2008 WorldNetDaily.com
In a wild week on Wall Street that saw an emergency .75 percentage point rate cut by the Federal Reserve, a global stock sell-off and four days of triple digit moves on the Dow Jones Industrial Average, the market ended down another 171 points, to close at 12, 207.
Meanwhile, billionaire investor George Soros, a strong supporter of MoveOn.org and leftist political candidates, threw cold water on the World Economic Forum in Davos, Switzerland, by warning a recession in the U.S. and UK will be hard to avoid.
In a separate interview with the BBC, Soros told reporters he viewed with enthusiasm the prospect that a coming recession could seriously weaken the U.S.
"I'm not looking for a worldwide recession," Soros said. "I'm looking for a significant shift of power and influence away from the United States in particular and a shift in favor of the developing world, particularly China."
At the end of last week, the Dow reflected a precipitous loss of nearly 2,000 points from the all-time market high of 14,165 recorded Oct. 9, just four months ago.
(Story continues below)
Investors today apparently were not cheered by yesterday's bi-partisan congressional agreement to support the Bush administration $150 billion economic stimulus package. The plan would send tax rebates to 117 million families in an effort to boost consumer spending.
Gold surged once again, setting a new record as benchmark gold futures for February for delivery on the New York Mercantile Exchange's COMEX metal division hit an all-time high of $924.30 an ounce.
Gold ended the day with February futures contracts closing at $914 an ounce on the COMEX, up $ 8.20 on the day.
Yesterday, the dollar struggled, registering slight gains against the euro, ending at 75.99 on the U.S. Dollar Index, up only slightly from the all-time low of 74.48 registered on the index in December.
Much of the debate at the World Economic Forum centered on the question of "decoupling," whether the world economy could disengage from a recession in the U.S. to stay healthy, or whether the ailing American economy would inevitably throw the world into a tailspin.
With annual retail consumption in the U.S. estimated at over $9 trillion, compared to slightly more than $1 trillion in China and India combined, most attendees felt a consequence of the increasing economic globalism could easily be a worldwide recession unless Bush administration stimulus efforts were enough to jumpstart the U.S. economy.
Soros, speaking to reporters in Davos, accused Federal Reserve Chairman Ben Bernanke of acting in a "panicky way," cutting rates as much as .75 percentage points this week, according to the Financial Times.
Still, Wall Street investors at market close today strongly encouraged the Fed to cut rates another .25 percentage points at next week's scheduled meeting of the Federal Open Markets Committee.
U.S. economy is falling into recession, former Fed Chairman Alan Greenspan told the Financial Times in an interview Thursday...
It is far from clear that the U.S. economy is falling into recession, former Fed Chairman Alan Greenspan told the Financial Times in an interview Thursday. "The reason we have had this extraordinary volatility in stock markets over recent days is that there is extreme uncertainty about the financial and economic outlook," he said. "You don't gradually fall into recession, you jump."
Greenspan said standard metrics were of little use in forecasting recession:
The models never forecast recession, because the parameters are dominated by what happens in normal times when the economy is growing. In fear-driven periods the parameters are quite different from the periods of euphoria.
He also noted that many companies were largely insulated from an economic downturn:
[C]ompanies have very significant buffers. They could access a lot of potential financing merely by reducing or eliminating the current level of repurchase of shares.
Greenspan said housing prices have not yet begun to stabilize, and would do so only when the liquidation rate of unsold new homes peaked.
There will likely be "some erosion in business capital investment" over the coming months, he said:
Profit margins, I believe, have peaked and the capital investment opportunities in the U.S. are declining.
WAG December 4, 2007 @ 10:00AM
cargo_hauler, my mistake
Monday Oct.8th is Thanksgiving in Canada...
I think that the Canadian Markets are closed for their Holiday.
Happy Thanksgiving Day to the Canucks!
Monday is a holiday, no trading
Banjo Man
There remains another source of loss and that is, deliberate misinformation as distinguished from straight tips.
And because it is apt to come to a stock trader variously disguised and camoflagged, it is the more insidious and dangerous
against the typical Wall Street rumors, the speculating public has neither protection nor redress.
Wholesale dealers in securities, manipulators, pools, and individuals resort to various devices to aid them in disposing of their surplus holdings at the best possible prices.
'Does that actually mean the SEC is trying to do something about this garbage we all had to endure Friday?'
It appears that alot of the naked shorts covered today imo.
***Naked Short Covering***
Effective Friday, October 5, 2007, NYSE Arca will reject all Sell Short Exempt (SSE) Orders in accordance with the Securities and Exchange Commission (SEC) mandate.
This action is designed to address the issues surrounding "naked" short selling.
Please contact your NYSE Relationship Representative or the NYSE Arca Trade Support Desk at 888.513.9873, if you have any additional questions.
©Copyright 2007 NYSE Arca, Inc.
DPDW - Deep Down Inc.
Corporate Office:
15473 East Freeway
Channelview
Texas USA 77530
Tel:281 862 2201
Fax: 281 862 2522
MSD Fax: 281 452 1074
Company IR:
Steve Haag, ir@deepdowninc.com
Deep Down specializes in the provision of installation management, engineering services, support services and storage management services for subsea controls, umbilicals and pipeline industries offshore. The Company also fabricates component parts for subsea distribution systems and assemblies that specialize in the development of offshore subsea fields and tie backs. These items include umbilicals, flowlines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems. Deep Down provides these services from the initial field concept phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of projects. Its products and services serve the offshore industry and are used in deep-water exploration and production of oil and gas. Deep Down is situated to serve clients both internationally and in the Gulf of Mexico.
Company Website:
http://www.deepdowninc.com/
Deep Down's Client List: This is very impressive
http://www.deepdowninc.com/showcase/list/
A/S 490,000,000
O/S 67,870,171 August 15, 2007, From current 10QSB 6/30/07
Current Filings:
http://www.sec.gov/Archives/edgar/data/1110607/000101968707002707/ddi_10qsb-063007.htm
Dahlman Rose Initiates Research on Deep Down
Thursday July 26, 8:26 am ET
HOUSTON, July 26 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) today announced that Dahlman Rose & Company, LLC (MEMBER: NASD/SIPC) has initiated research coverage of the Company with a BUY rating and a target price of $1.50 per share.
"The management team and employees of Deep Down are very pleased with this unsolicited and uncompensated research by such a prestigious firm. We believe this interest in providing coverage lends credible third-party validation that our business model is sound and capable of generating significant shareholder value," commented Robert E. Chamberlain, Jr., Deep Down's chairman.
"In seven months since listing DPDW on the over-the-counter Bulletin Board® (OTCBB) exchange, Deep Down's strategy of organic growth, coupled with strategic acquisitions of complementary industry service providers such as ElectroWave USA and our currently pending acquisition of Mako Technologies, is gaining significant momentum," Chamberlain concluded.
About Dahlman Rose & Co., LLC
Dahlman Rose & Company, LLC (MEMBER: NASD/SIPC) is a leading full-service investment bank that offers exceptional value-added research, trading, and advisory services about growing companies, specializing in verticals within the energy sector, including marine shipping and offshore services, oilfield services, and electric utilities. Furthermore, Dahlman Rose offers investment banking capabilities across the entire capital structure to clients in the U.S. and globally. The firm provides performance for its clients through its sector specialization, and its personnel are attuned to the important day-to- day drivers in daily share price movement. Their team has cultivated a thorough understanding of these industries and their drivers by leveraging relationships with an extensive roster of company management and industry contacts. Dahlman Rose has offices in New York, Houston, San Francisco, and New Orleans. Further information on Dahlman Rose may be obtained at
http://www.dahlmanrose.com.
About Deep Down, Inc.
Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication, and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project. The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.
The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http://www.electrowaveusa.com
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Source: Deep Down, Inc.
Yep, Stern & Co. is handling communications for Project Klebnikov
Founded in 1993, is a leading New York-based full-service communications firm that designs and implements investor relations and media communications campaigns for publicly traded companies, private companies, and financial institutions.
Richard L. Stern, co-founder and principal, was previously a senior editor at Forbes magazine and a winner of the coveted Loeb award;
Stephanie Stern, co-founder was an Emmy award-winning producer at NBC-TV News.
http://w4.stern.nyu.edu/alumni/news.cfm?doc_id=5489
Stern & Co.is head and shoulders above the usual representation in Pennyland.
http://www.sternco.com/home.htm
Stern & Co.'s investor relations activities provide investors with an accurate profile of a company's performance and prospects. We work with our clients to help them effectively address stock valuation issues, clarify their strategies and provide guidance to ensure that their investor communications and disclosure practices represent industry best practices.
Our approach is research-driven and focused on appropriate investor audience targeting and tailored message positioning.
Stern & Co. actively introduces its client companies to targeted buy and sell-side analysts, institutional investors, money managers and retail brokers in selected financial centers across the country through highly effective road shows.
We use financial media relations to broaden exposure to new investors and reinforce the commitment of current investors. Stern & Co.'s media team works closely with each client's IR account team to ensure effective packaging of information for the investment community.
in2lite, I think it is fair to say that the INXR management has made it's share of mistakes.
Ordinarily their mistakes(actions and inactions)would make me very concerned regarding their apparent silence.
Thanks for reminding us of "the facts which auger in favor of their success perhaps in spite of their repeated mistakes"...
The reason I am going to stick this one out is because I have to believe that Stern & Co. are going to make a huge difference for this company.
Ifinix management was very astute in selecting them.
Stern & Co. are not a fly-by-night IR firm built on promises that cannot be delivered.
Stern & Co. are an asset in the Investment, Finance, and Business markets and they can help to promote the company's products into the right circle of friends for INXR's future success.
Stern & Co. would not risk being part of this effort if it were a scam and not a legitimate business with a legitimate and real product offering soon coming to the marketplace.
So, I'm still waiting, and believing that the management will become more transparent and begin implementing their business plan during 2007 despite their apparent mistakes.
Best Regards,
CS
in2lite, Where are U?
Please PM me!
CS
Excellent IMO Post
"IMO, they probably did not have enough money to pay the CPA's a couple months back... They diluted and ended up raising the $1 million - Now they have more than enough money to pay the CPA's - which of course they are doing now.
Also, anything posted on this board not from the company in an official PR is hearsay/rumors... Not once did they say in their PR's that the fins will be audited."
IMO, in the absence of fact, opinion (speculation) becomes an opinion...but opinion, no matter how intensely argued, will never become a fact!
Agreed! anything posted on this board not from the company in an official PR is hearsay/rumors.
Bernanke May Alter Rhetoric, Not Rates After Market Turmoil
By Rich Miller
Enlarge Image
Federal Reserve Chairman Ben S. Bernanke
Aug. 6 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may respond to the latest squall in financial markets the same way he did when turbulence hit four months ago: with a change in words rather than policy.
Bernanke and his colleagues may suggest after their meeting tomorrow that the risks to economic growth have increased following the rout in stock and credit markets -- just as they did after their March meeting.
When it comes to their focus on inflation and the outlook for interest rates, their message will likely be steady as she goes.
``This episode of turmoil is not enough to alter Fed policy,'' says Laurence Meyer, a former Fed governor who's now vice chairman of St. Louis-based Macroeconomic Advisers LLC. He sees the Fed holding its target for the federal funds rate at 5- 1/4 percent through the end of 2008.
By changing what it says, and not what it does, the Fed can show it isn't oblivious to the 7 percent plunge in stock indexes since July 19 and the possible impact that could have on the economy. At the same time, the Fed can avoid being seen as losing its anti-inflationary zeal or as standing ready to bail out investors.
The risk is that such an approach may undercut financial markets still struggling to recover. It might also hinder the economy's recovery to growth of 3 percent or so, from a sub-par 2 percent pace in the first half.
Sales Slump
Housing continues to slump, while consumer spending, until now the bulwark of the economy, is slowing. Auto sales in July were at their lowest level for the month in nine years. Payroll growth slowed in July, and the unemployment rate increased.
``The chances of a recession have now risen to 45 percent,'' says Lyle Gramley, a former Fed governor who's currently a senior economic adviser at the Stanford Group Co. in Washington.
Fed officials play down the dangers to the economy from the decline in stocks during the last two weeks and the tightening of borrowing conditions in the credit markets.
The ``fundamentals are really unchanged,'' Fed Governor Randall Kroszner said in testimony before the Senate Banking Committee on Aug. 2.
While tighter corporate credit may slow growth a bit, company balance sheets on the whole are in good shape, thanks to surging profits, Fed officials say.
Rising Profits
For the 414 companies of the Standard & Poor's 500 index that have reported second-quarter results, per-share profits from continuing operations are up 11.1 percent from a year earlier, according to Bloomberg calculations.
Fed officials are also reluctant to be cast in the role of coming to the rescue with easier credit every time turmoil strikes. That expectation under former Chairman Alan Greenspan was called the Greenspan put, and there's no desire at the central bank for Bernanke, 53, to be seen that way.
``They really want to stay away from the Bernanke put,'' says Louis Crandall, chief economist at Jersey City, New Jersey- based Wrightson ICAP LLC, a unit of ICAP Plc, the world's largest broker for banks and other financial institutions.
Besides, the market's recent contretemps is nothing compared with the 23 percent one-day plunge in the Dow that Greenspan confronted in 1987, his rookie year as chairman, or the shutdown of Wall Street following the Sept. 11, 2001, terrorist attacks.
`Typical Market Upset'
The recent slump in stocks was a ``typical market upset,'' St. Louis Fed President William Poole said July 31 in a speech in Columbia, Missouri.
With the Fed showing no sign of even thinking about changing interest rates tomorrow, investors are focused more on how Bernanke and his colleagues describe the economy as a possible precursor to where policy is headed.
According to futures trading, investors have already increased their bets that the Fed will cut rates by the end of the year. As recently as the fourth week in July, the implied odds were lower than 50 percent.
Some economists expect the Fed to use tomorrow's statement to acknowledge that risks to growth may have grown somewhat while stressing that inflation remains its top concern.
Such a move would be a ``half step'' toward a more balanced assessment of risks, says Tom Gallagher, a senior managing director at International Strategy & Investment Group in Washington.
Policy Makers
That's the approach Bernanke and his fellow policy makers took back on March 21.
Faced with a drop of almost 5 percent in the Dow the month before, the Fed acknowledged the economy had turned ``mixed'' and said future changes in interest rates would depend on the outlook for both inflation and growth. Yet it maintained its forecast of moderate growth for the economy and repeated its mantra that inflation was enemy number one.
Inflation is lower now than it was then. The Fed's favorite inflation measure -- the core personal-consumption-expenditure price index, which excludes food and energy costs -- was running at a rate of 1.9 percent in June from a year earlier. That's within the range of 1 percent to 2 percent that some Fed officials have said they're comfortable with and is down from 2.5 percent in February.
Yet Fed officials aren't convinced that the gains made in lowering inflation can be maintained -- a point Bernanke made in testimony to Congress July 18 and 19.
Tight Labor Market
Feeding their concern: a tight labor market, with the unemployment rate hovering near a six-year low, slowing productivity growth and higher food and energy prices.
Oil prices jumped to $78.77 per barrel last week, before slipping back. Grocery-store food prices increased at an 8 percent annual clip in the first half, the biggest rise since 1980.
``While still focusing on core inflation, the Fed is paying a little more lip service to overall inflation trends,'' says John Ryding, chief U.S. economist at Bear Stearns Cos. in New York. ``There is concern at the Fed that inflation expectations could creep higher.''
The focus on inflation is reminiscent of the approach taken by the Bank of England and other central banks with inflation targets. Bernanke is a long-time advocate of such targets and opposes diluting that approach by trying to influence asset values such as stock prices.
``We've had other moments in the last 1-1/2 years when financial markets dropped,'' says Neal Soss, chief economist at Credit Suisse Group in New York, who worked as an aide to former Fed Chairman Paul Volcker. These ``didn't change the economic outlook and didn't change the Fed's message.''
Neither will this latest one, Soss adds.
To contact the reporter on this story: Rich Miller in Washington at rmiller28@bloomberg.net
Last Updated: August 5, 2007 19:00 EDT
CFO Professional Services
CFO Professional Services specializes in providing financial management services to companies in the Tampa Bay area. The strategies employed by our experienced staff can assist clients in business turn-around situations, implementation of Sarbanes-Oxley, convertable bond valuations, SEC filings, installing a new financial system or providing temporary CFO services.
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Managing Partner
Mr. Moore was Chief Financial Officer with eAutoclaims from December 2000 to April 2005 . Prior to eAutoclaims, Mr. Moore was a Partner in the firm of Harper, Van Scoik & Company from 1988 - 2000 and was Senior Accountant with Deloitte Haskins and Sells from 1985-1988. He graduated Magna Cum Laude from Florida State University. He holds a Bachelors and Masters Degree in Accounting.
"Well, Miss Janice",
You must be very proud of being the sole protector of the small SLJB investors...good night dear "Janice"...
Market Maker Speaks Out: Ways of a Market Maker
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."
seabiscuit,explaining funding issues that Financials would not.
Posted by: seabiscuit
In reply to: None
Date:7/31/2007 12:43:13 PM
Post #of 66983
Todays news is most likely a precursor to the Financials and the news now answers any questions about how the Company is / will be funding operations . Since operations up to the June 30th Financials coverage would show insufficient funds available to pay for the maintenance of the information platforms , their (inter)national advertising , and development / implementation of the trading platforms circa October 2007 , todays news addresses that funding issue that the Financials would not .
Todays news will allow the Financials to be viewed as they should be , as the next precursor for uplisting to the OTCBB .
This is an important sequence BEFORE the Financials are released .
hey jk,
Is this the scoop?
re: Private Placement and PR of today
"I just talked to Arun. A private placement firm has give the company 1 million to fund operations going forward. These shares are restricted shares. I asked for how long they were restricted and Arun did not know the anwer to that. All in all, it is a good thing in the long run. The company needs money to carry on. But the fact of the matter is, it is a pinky stock, we are pinky players, and we all want out money now now NOW!"
"stocks have their own way of delivering surprises!"
"well if the stock is being shorted it needs to be covered by whomever shorted it."
A friend reminded me that stocks have their own way of delivering surprises!
If INXR is being shorted, & probably some company dilution...
its beyond trying to accurately gauge the week.
A mother of short squeezes is possible this week before/after Fins are released...CS
Can't seem to access the 2 page amendment either?
Posted by: jk21
In reply to: bonedaddy77 who wrote msg# 2462
Date:7/27/2007 4:05:52 PM
Post #of 2493
i think NITE might be short on this. he dropped the ask at any opportunity today and was just holding at .065 when earlier that volume would've made him UT.
Check out NOTES* Posted by clarity789
1) The chart has finally turned bullish today with PPS above mid-bollie - however, the true reversal will be confirmed at .08
2) If it is true that the float is 7 million, with 5 million held tightly, then we are seeing the beginning of dilution and/or shorting.