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Anyone know Larry's connection to Jeffrey G. Turino? EOM
FYI,I called Scottrade a few days ago to see what it takes to have the stock declared worthless. They have a form and then sell all your shares for a total of a penny so you can take the loss. Not quite ready to do that myself yet.
I'm going to hold the shares for a while because 1. if others dividend shares are now good there will probably be more sellers than buyers and 2. I don't need $50 right now!
I told Yahoo about it and the problem seems to fixed. The link now looks like it should.
I told Yahoo about it and the problem seems to fixed. The link now looks like it should.
I sold long ago too. These are my dividend shares that seem to be good now. As far as Scottrade goes, it's been my experience that I have to call them to sell penny stocks sometimes. Just the way they are.
Looks like no restictions - anyone call to see if it's real?
Positions (My Investments)
Symbol Qty Price Mkt Value
XXXXXXXXXXXXXXXXXXXXXXXXXXXX (other stocks)
XLPI 30000 0.0018 54.00
Total Market Value: $504.00
Today's Change: $-21.00
# Unable to accept sell orders for this security,
please contact your local branch office for more information.
That was one my points to him. He won't respond to my point that is illiquid because he won't post financials. He absolutely doesn't or won't respond to my requests to post financials and make this a legitimate public company. Actually I don't think he knows how to - he can only fake it.
I've tried and he won't. I was amazed I got more than 1 word answers to my questions. He won't (IMHO) because that would constitute insider info. He won't say much except it's the brokers fault they screw us on the pinks and it trades as SA1 and wanted to prove to me that SOMPF is still a good symbol. Nothing new.
Couch,
Don't know what's going on with my computer. Thought it might be my bookmark so I went to my yahoo and put in sompf in the stock search and got the same thing:
---------------------------------------------------------------
Changed Ticker Symbol
'SOMPF.PK' is no longer valid. It has changed to AVNXD.
http://finance.yahoo.com/q?s=SOMPF.PK
When I click on the AVNXD (it's light gray and a link, I get this:
Changed Ticker Symbol
'AVNXD' is no longer valid. It has changed to AVNXD.
AVANEX CORP NEW
(NasdaqGM: AVNXD)
After Hours: 12.02 Down 0.00 (0.01%)4:12PM ET.
---------------------------------------------------------------
So, sorry about all the fuss. I suspect it has something to do with (I have no idea why) the fact I use to own AVNX and still get news on it.
Also, I posted on the other board first because I thought you had sent a private message and I don't subscribe so I couldn't reply except by posting. Just not my day for things to go quite like they should I guess!
Don't know, but Larry has made it quite clear to me via e-mail that my spin-off SOMPF shares still have the same spin-off symbol. Also, he inadvertently & unintentionally proved my point to him, that they are illiquid and basically worthless. However, he didn't seem to address that except mentioning it still trades in Germany in a different e-mail
Couch,
Don't know what's going on with my computer. Thought it might be my bookmark so I went to my yahoo and put in sompf in the stock search and got the same thing:
---------------------------------------------------------------
Changed Ticker Symbol
'SOMPF.PK' is no longer valid. It has changed to AVNXD.
http://finance.yahoo.com/q?s=SOMPF.PK
When I click on the AVNXD (it's light gray and a link, I get this:
Changed Ticker Symbol
'AVNXD' is no longer valid. It has changed to AVNXD.
AVANEX CORP NEW
(NasdaqGM: AVNXD)
After Hours: 12.02 Down 0.00 (0.01%)4:12PM ET.
---------------------------------------------------------------
So, sorry about all the fuss. I suspect it has something to do with (I have no idea why) the fact I use to own AVNX and still get news on it.
no change
First Union Kreditanstalt S.A Zurich CH. B"H"
Toronto New York NORTH AMERICAN PHONE 416 410 3995
FAX 416 784 1529
Lawrence Uri Skolnik Principal
North American Office 4936 Yonge St. Suite 727
Toronto Ontario M2N6S3
providers of capital to public companies
no change
First Union Kreditanstalt S.A Zurich CH. B"H"
Toronto New York NORTH AMERICAN PHONE 416 410 3995
FAX 416 784 1529
Lawrence Uri Skolnik Principal
North American Office 4936 Yonge St. Suite 727
Toronto Ontario M2N6S3
providers of capital to public companies
I asked Larry about the symbol thing and also e-mailed what is shows on Pink Sheets. It's just to good not to post(too bad the skull and crossbones won't post here):
SOMPF — Soma Petroleum Ltd.
Ord
Caveat Emptor
QuoteNewsChartsCompany InfoFilingsShort InterestInsider Transactions
Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
* Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
* Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
* Investigation of Fraud — There is a known investigation of fraudulent activity committed by the company or insiders.
* Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
* Disruptive Corporate Actions — The security or issuer is the subject of disruptive corporate actions, such as reverse mergers or serial stocks splits and name changes without adequate current information being publicly available.
* Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
* Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
Consequently, Pink OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information (PDF) and until Pink OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
News of sorts. Is this of interest to anyone?
Changed Ticker Symbol
'SOMPF.PK' is no longer valid. It has changed to AVNXD.
http://finance.yahoo.com/q?s=SOMPF.PK
News of sorts. Is this of interest to anyone?
Changed Ticker Symbol
'SOMPF.PK' is no longer valid. It has changed to AVNXD.
http://finance.yahoo.com/q?s=SOMPF.PK
Let me know what they say? I have Scottrade also.
Normally you can only write it off if you actually sell it. It might be best if you ask your broker if it can be declared worthless and that may be a way around it.
Somebody shake him to see if he has anymore one word useless clues?
News said tonight that we're at $4.34 in Seattle (with ARCO probably about 15 cents cheaper).
Repeat, I won't swear to this, but I believe it works like this. The number of shares you got were based on the number of shares of XLPI you were holding at time. The cost of what you paid for your XLPI shares is your basis. It doesn't matter what the market valued XPGH at when it went public because you didn't buy them on the open market.
Say you bought 1000 shares of XLPI @ $.10 than 1000x$.10= $100.00
this is now your basis.
So now you get 1 share of XGPH for each 10 shares so you now have
1000 shares XLPI & 100 shares of XGPH yet your basis hasn't changed.
So now you want to sell. You have 1100 shares of 2 different stocks, but you still only paid $100.00 I BELIEVE how you divide that $100.00 is up to you.
The phone number for customer service at the IRS is 1-800-829-1040.
Me? I took my loss on XLPI a long time ago and used all my basis so when (and if)I sell my 30k dividend XLPI I am going to use $0 as my basis and report it as pure profit! :~)
I don't think it matters as last I checked no shares had traded.
I Really Really hope you're on to something. It's as good a speculation as any I an come up with.
Thanks JT
Just got off the phone with Bill Smith on that very question regarding XLPI. He told me it's a matter of Transfer Agents. They've been trying to switch to a new one (colonial), but the old Transfer Agent won't release the records. According to Bill this has been going on for a year. As soon as you see Colonial on their website the process will start to make them real shares. FWIW
I just had a short back and forth with Larry via e-mail.
I asked him:
"We EQBM shareholders have been trying to figure out where we stand ever since the de-listing and being put on the Grey sheets. At one time we were suppose to have a stake in the China deal (as well as Red Lake and a few other things) and I know you’ve said there is no debt. Can you clarify the situation ?"
He replied "quin" I said I don't know what that means and he said "xgin"
I told him I am who I am and nothing more, but have not heard back. I tried, but I can understand if it's paranoia on his part after the SEC. Maybe his fear is justified for good reason.
I've been wondering about that for over a year now. Not a clue.
Thanks Couch, didnt catch that. Did notice this
"The finalized agreements show that SOMA will own 49% of all operations and mineral rights upon completion of funding."
Could use a little more detail on the last 4 words.
Looks like a grand total of 532 shares of SOMPF traded. Sure am impressed ;~»
I still have that dividend of 30k shares XLPI. Anyone know what's involved with making them real?
Guess it's Larry's idea of an Annual Report. Sad indeed.
I wonder if it's the same old thing because of this:
The contract was signed at the end of March 2007 and additional details for funding are being finalized at the present time. SOMA has made multiple transfers, to date, of their total contractually committed funding in excess of three million dollars (US)."
He told us this ages ago. Still, it's good to know that the deal hasn't cratered and I might someday (before I die) get my money back
Wonder which country's law enforcement agency(s) will get Larry first: USA, Canada, or Germany? He made all these claims and has now disappeared. Were ANY of his PRs based in fact?
My thoughts exactly couch. I e-mailed him 04/23/08:
Subject line: "Since both EQMB & SOMPF are at rock bottom will you be willing to make an annoucement?"
On anything at all as to why all your deals have failed (that’s if they were real in the first place)?
xxxx xxxx
Of course I haven't heard from. HA!
Me either. For some reason it reminded me of him. LOL
Off Topic: Anyone remember this one? At least we don't have that many shares out. I hope!
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28284438
Sarshee, sorry I don't have private message. My question for you is - have you ever done a Sch D for US taxes? To answer your question - you add & subtract all your gains & losses for the year it's the NET result that you you pay taxes on, but you need to do the back of Sch D to know where you're at as that's where it will break up short term & long term gains.
http://www.irs.gov/pub/irs-pdf/f1040sd.pdf
http://www.irs.gov/pub/irs-pdf/i1040sd.pdf
http://www.irs.gov/pub/irs-pdf/f1040.pdf
Bottom line is: if all you have are short term gains it's going to get entered on F1040 on line 13 (taken from Line 23 of Sch D)so it will end up being taxed as ordinary income and so what ever your tax bracket - that's what your gain will be taxed at. Sure won't be 40% though!!
Since you haven't yet written it off yet it still an unrealized loss so it would be for the 2008 tax year if you will write it off this year. It's not like an IRA where you have until April. Anything over $3,000.00 you can carry over as a capital loss in 2009. That's if you live in the US of course.
Not holding my breath waiting. If he does reply it will probably 6 disjointed words that mean nothing. Kind of checking to see if still cognitive of his surroundings.
To Larry,
Checking to see if you still live and if so will you be having any PRs telling us anything remotely resembling a verifiable fact on EQMB and/or SOMPF?
Stuart
E-mailed