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Three stocks ...EMBI,ARCC,GRIN
EMBI, Yesterday's 50% run-up has hit resistance at .25 and, today, profit taking has pushed it back a couple of cents.
According to the charts, soon, maybe next week, it will start moving up again.
If it breaks through the resistance at .25 the next resistance is .30......after that, none until, maybe, .45
This buying interest is the result of the company reporting a .02 per share profit for the last quarter....
ARCC..Allied Riser Communications is holding a special shareholders meeting at the end of this month to vote on the proposed merger with Cogent Communicatiions, a huge private company.
Institutional bondholders of ARCC have obtained an injunction to halt the merger, but if the company can get that injunction thrown out, it could be a very profitable deal for Allied shareholders.
GRIN..Grand Toys Internatiional is coming off a 1:4 R/S and selling pressure is pushing it back down to the 1.00 level. For the past two weeks it has been bouncing on a support level at 2.00, but if/when it breaks through that, the next support is under a dollar.
The OS is only 1.2M and the float is only 900K....
A little buying pressure could make it fly......
as usual....JMHO
Details and facts are expectted to come out of the proposed meeting....
Today's run..by the charts......
The run started at .16 and hit major resistance at .25
After it breaks through that, the next resistance is .30
Then, IMO, we could see another .10+ run at least......
Look'n good folks!!!!
EMBI..Ther it goessss....The .02/share earnings doesn't hurt..eom
EMB Corp. Reports Earnings of Two Cents Per Share
Updated: Wednesday, January 23, 2002 09:02 AM ET
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Jan. 23, 2002--James E. Shipley, president of EMB Corp. (OTCBB:EMBI)(Berlin:EMBI.BE) (Frankfurt:EMBI.F)(Hamburg:EMBI.H) today announced that EMB earned two cents per share for fiscal 2001 as reported in the recently filed 10-K.
Shipley said: "We are very pleased to report that the company made $0.02 per share for the fiscal year ending September 30, 2001. We still have a long way to go, and a lot of clean-up yet to do, however; we are very proud of the excellent job Rod Thompson and his entire staff at First Guaranty has done, along with Bill Parker and his staff at American National."
Shipley went on to say, "We are projecting an even better year for fiscal 2002, with more acquisitions, mergers, and growing only as permitted."
Check out this financial sheet.....VERY impressive!
http://biz.yahoo.com/fin/l/e/embi.ob.html
EMBI moving up?..............
Coming off a high of .45 two months ago, the price appears to have bottomed at .12 on the 10th of this month.
recent acquisitions and increased revenue have investors buying the stock back up.
Today, it gapped up from a close yesterday of .16 and is pushing .18.....
With the charts, the financials after the last acquisition, and the possibility of the ENNT dividend shares being issued, we may be seeing the beginning of a run through April.
Too many good things are happening for that not to be a consideration......
of course.....JMHO
As the charts see it......
From a high of .45 a month ago, the price has been on a downward trek.
On Jan 10, it appears to have bottomed at .12 and for the last week it's been predominately buying...
currently .16 with a good chance of a gap up tomorrow....
10KSB40 FILED.....
http://www.freeedgar.com/search/ViewFilings.asp?CIK=1017797&Directory=1050502&Year=02&SE...
If this link doesn't work, just go to freeedgar.com..
Today's news in email form.......
EMB Corporation (OTC-BB: EMBI)
announced that it completed the acquisition of First Guaranty Financial
Corp
What is EMB Corporation?
EMB Corporation (OTCBB: EMBI) is a financial services holding company,
which
provides a network to mortgage brokers, both retail and wholesale
through its
wholly owned mortgage companies, currently including American National
Mortgage, and First Guaranty Financial Corp. Mortgages originated by its
group of companies may be held temporarily for investment, or may be
sold to
third parties/financial institutions, or may be secured, packaged, and
sold
as mortgage backed securities. The Company will be expanded through the
acquisition of specific business-related companies that are well
established
in the industry to better serve its client base. Current acquisitions
are
American National Mortgage and First Guaranty Financial Corporation.
American
National Mortgage is a multi-state mortgage lender that specializes in
Home
Loan Programs from FHA to jumbo conventional up to $1 million. First
Guaranty
Financial Corporation is a wholesale and mortgage banker and broker
doing
business in fourteen states, at present time. The Company also intends
to
make capital investments in other financial holding companies that will
provide additional ancillary services to EMB. Through these wholly owned
subsidiaries, the Company will engage in business activities serving the
residential mortgage lending industry, real estate industry, etc.
Consumers
are served on a retail basis, while mortgage brokers are served on a
wholesale basis. In addition, because each Company's acquisition will
be
synergistic with the other, they will contribute to the Company's
overall
goal to maintain the Company's position as a key player, if not one of
the
leaders in the financial services business for the 21st Century. The
Company
also intends to look at mergers and acquisitions in other areas of
business
that might enhance shareholder's equity, such as the healthcare and
technology fields.
Financial Information
The Company's proforma for total mortgage fundings for fiscal 2002 is
approximately US$50 million a month or $600 million for the year. The
Company
envisions that 82% of its revenues will emanate from the wholesale
business
and that its retail mortgage lending business will generate the
remaining
18%. The Company is projecting revenues of approximately $8,000,000 from
mortgage banking and brokerage alone. They can project a net profit on
$600
million of new business with $8 million of revenues to be approximately
$800,000 or approximately $0.04 cents per share earnings based on
approximately 20,000,000 shares issued and outstanding and fully diluted
at
that time. This does not include any projections from other companies
that we
may acquire during the year. They anticipate that in the first three
years of
operation the Company will focus in acquisitions and in opening new
markets,
with expansion and consolidation of all of its operations during the
subsequent years.
EMB Corporation Stock Information
Symbol: EMBI
Exchange: OTC:BB
Shares Outstanding: 16,000,000
Float (Estimated): 3,600,000
52 Week Range: $0.02 - $0.44
For more information, read on or visit:
www.embcorp.net
Recent Developments
EMB Corporation's Subsidiary First Guaranty Financial Corporation
Exceeds
2001 Projections
HUNTINGTON BEACH, Calif., Dec. 5, 2001 (PRIMEZONE via COMTEX) -- James
E.
Shipley, President of EMB Corporation (OTCBB:EMBI) announced today that
its
wholly owned subsidiary, First Guaranty Financial Corporation, is having
a
record year for 2001 and has exceeded projections in originations,
fundings,
revenues and profits. First Guaranty Financial Corporation,
(http://www.mailstimulator.com/ies/link.php?id=748), headquartered in
Santa Ana, California, is a
multi-state wholesale mortgage lender that has a winning strategy in the
vastly competitive field of mortgage banking.
Mr. Rod Thompson, President of First Guaranty said, "Total fundings for
calendar year 2001 will exceed $540 million representing more than a
224%
increase over calendar year 2000." Mr. Thompson went on to say, "More
importantly the company will exhibit strong net earnings for the fiscal
year
ended September 30, 2001, based on gross revenues in excess of
approximately
$9 million instead of our projected $8 million for the period. We have
added
some new key personnel and expect demand for our mortgage products to
remain
robust throughout 2002."
James Shipley, President of EMB said, "We are very proud of the
excellent job
Mr. Thompson and all those associated with First Guaranty have done, and
continue to do." Mr. Shipley went on to say, "Technology for valuation
of
property, underwriting automation, and the entry of foreign capital into
the
U.S. markets will continue to provide an environment where well managed
mortgage lenders can thrive. EMB's formula for success is in place, and
our
strategy is to continue to assist FGFC with national growth,
advertising, and
increased technology through additional acquisitions, and/or mergers,
that
are presently in negotiations or under review."
EMB Corporation Releases October Results for First Guaranty Financial
Corporation
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Nov. 8, 2001--James E.
Shipley,
President of EMB Corp. (OTC BB:EMBI) today announced that its wholly
owned
subsidiary, First Guaranty Financial Corp., had a record month for
October,
and is having a record year in originations, fundings, and profits.
First Guaranty Financial Corp.,
(http://www.mailstimulator.com/ies/link.php?id=748), with headquarters
in Santa Ana, Calif., is a multi-state wholesale mortgage lender that
has a
winning strategy in the vastly competitive field of mortgage banking.
Rod Thompson, President of First Guaranty said: "Total residential
mortgage
fundings for the month of October exceeded $50 million for the 4th month
this
year. This represents a 242% increase over October 2000 with a dramatic
increase in profits for the same period. Record funding numbers and
volume do
not always equate to profits. However, First Guaranty is extremely
focused
and maintains a tight reign on costs of production and personnel which
does
equate to profits."
Thompson went on to say: "I recently attended the National Mortgage
Banking
Conference in Toronto, where most lenders were extremely bullish for
2002
despite the September tragedies and national corporate layoffs. Housing
values are strong, rates are at an all time low, and leverage is
tremendous.
"I believe that there has never been a better time to buy a home, or a
second
home, or an investment property. Whether a borrower is buying their 1st
home
with FHA financing, a move up home with 100% financing to $685,000, or
an
ultimate luxury home for 3 or 4 million dollars, FGFC offers ultra
competitive rates and service."
Shipley said: "We are very proud of the excellent job Mr. Thompson and
all
those associated with First Guaranty have done, and continue to do."
Shipley
went on to say: "Technology for valuation of property, underwriting
automation, and the entry of foreign capital into the U.S. markets will
continue to provide an environment where well managed mortgage lenders
can
thrive.
"EMB's formula for success is in place, and our strategy is to continue
to
assist FGFC with national growth, advertising, and increased technology
through additional acquisitions, and or mergers, that are presently in
negotiations or under review."
EMB Corporation Purchases First Guaranty Financial Corporation
HUNTINGTON BEACH, Calif., Oct 9, 2001 (BUSINESS WIRE) -- James E.
Shipley,
president of EMB Corp. (OTCBB:EMBI) today announced that it completed
the
acquisition of First Guaranty Financial Corp.
First Guaranty Financial, is a leading midsize mortgage
banking/brokerage
company originating loans through both wholesale and retail production
efforts, while doing business in 14 states, is well managed and
profitable.
Rod Thompson, president of First Guaranty said, "The company is well
suited
to perform satisfactorily in any mortgage climate as their production is
comprised of both entry level FHA borrowers as well as luxury home
buyers
with individual loans to $4 million."He further stated, "As of September
30,
2001, First Guaranty funded approximately $490 million in new mortgage
loans
for fiscal 2001, an increase of approximately 205% over fiscal 2000. Our
net
profit before taxes for fiscal 2001 is approximately $400,000 based on
gross
revenues of approximately $8 million for the period.
"Current record low interest rates based on the Federal Reserve cuts
should
fuel the mortgage loan business in general with even higher fundings,
higher
revenues, and higher profits for fiscal 2002. Our projections for fiscal
2002
starting October 1, 2001 is to fund approximately $600 to $650 million
with
solid progressive growth. We are looking forward to joining the new EMB
management team."Shipley said: "FGFC is a specialist in government-type
loans
and is Fannie Mae and HUD approved Service Provider, with direct
underwriting
capabilities. Rod Thompson, president of First Guaranty, will be elected
to
the board of directors of the EMB Corporation at its next scheduled
meeting.
"Shipley went on to say: "Current management of EMB is aggressively
pursuing
an acquisition plan that fits our new corporate direction, which is
becoming
a financial services holding company utilizing the latest in technology.
The
acquisition of First Guaranty fits our growth strategy and met our
criteria
as a business operating profitably with experienced management, and will
be a
great addition to the EMB companies."
The above news release's contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1934, including the
statements concerning expected results for the balance of the year and
expected store maturities. The statements are based on assumptions about
the
future, which are subject to risks and uncertainties, such as
competitive
conditions in retail, changes in consumer confidence, and normal
business
uncertainty. Actual results could differ materially.
Mission Statement
The Company's mission is to provide a network of financial services,
which
provide practical, yet innovative new scientific technology that
improves and
expedites the real estate mortgage lending process for mortgage/real
estate
brokers, credit unions, small banks, and individual users. It is also
the
company's intention to provide financing and/or purchase other business
that
are or can be profitable that may not be related to the mortgage or real
estate business, but will enhance shareholder equity.
Business Activities
The business activities of the Company will incorporate new scientific
technology to provide a service network to mortgage retail lenders and
ultimately to mortgage brokers throughout the country. Mortgages
originated
by the Company may be held temporarily for investment, or may be sold to
third parties/financial institutions, or may be secured and sold as
mortgage-backed securities. In addition to solidifying its residential
mortgage banking service business, the Company will, in an orderly and
organized fashion, launch several divisions including a REIT for both
residential and commercial properties, wholesale and retail mortgage
lending
services along with title insurance and escrow services, as well as
other
ancillary financial services. The Company's proprietary ASP will allow
its
clients to provide services seven days a week so that mortgage brokers
and
retail mortgage lenders always have on-line access to current interest
rates
and fees, all of which may be downloaded at any time to any computer
utilized
by the client. Similarly the status of loans being processed or
underwritten
would be able to be determined at any time from the client's terminals
that
originate the application. The borrower, or his/her agent, at any remote
site
will be able to utilize the Company's financial services network to
connect
with escrow, title insurance companies, credit correction and reporting
agencies, and other ancillary services that may become available.
Marketing and Sales Activities
Through its well-organized plan for marketing and sales activities the
Company has the opportunity to become a key player in the mortgage real
estate lending industry. Specific sales and marketing activity include:
Solidifying the Company's mortgage business through geographic market
expansions. Initial focus includes growing and expanding targeted
markets
(mortgage brokers, real estate brokers and credit unions) in already
established geographic areas of the state of California and subsequently
the
nation. To solidify newly initiated commercial mortgage business. To
subsequently begin operations on the Company's title insurance business
for
closings related to mortgage products. To acquire additional
mortgage-related companies that will improve and enhance the Company's
revenues over the long range. To also acquire additional ancillary
financial
services companies that can improve and enhance the Company's revenues.
To
invest in other financial services companies that will enhance the
shareholder equity of the company.
Management
James E. Shipley, President and CEO Due to his 30+ years of experience
and
knowledge of the real estate industry and in both retail and wholesale
mortgage lending businesses, the Company will be unique in its ability
to
recognize the many advantages that innovative technology can provide to
the
industry. He also has the ability to make tough decisions, with
excellent
communication and people's skills, and can successfully negotiate and
acquire
other companies that could enhance shareholder's equity.
Rod Thompson, President of First Guaranty Financial Corporation
William R. Parker, CEO and President of Saddleback Investments Services,
Inc.
d.b.a. American National Mortgage
Anthony John A. Bryan Jr., Senior Managing Director of Investment
Banking at
Global Transitions, LLC
John B. LaRue, Senior Managing Director of The Watley Group, LLC
Investment Opportunity
EMBI is an incredibly undervalued stock. Don't miss this one!
For more information visit:
www.embcorp.net
ARCC update....
I tried to post this earlier today, but my puter has the hiccups.
Last August, Allied Riser Communications, ARCC,(NASDAQ) announced tentative plans to merge with Cognet Communications, a private company.
At that time, they gave no details and made no definite statements.
Also in August, Cogent filed a S-4/A for the proposed merger.
Now, they have announced that on January 31, there will be a special shareholders meeting to vote on the merger.
In August, ARCC was trading at .12 and closed Friday at .17
Now, here's where it gets sticky...
In the last few months the NASDAQ notified ARCC that delisting proceedings would begin, but amended that because of the proposed merger.
The NAZ extended the deadline until Januart 4, IF ARCC could complete the merger by that time.
That deadline has come and gone, but, realistically, if they can get the merger done before delisting is announced, it probably won't happen.
But, it appears that ARCC is having big problems....ie: going broke.
Hewlett Packard has filed a lawsuit for payment for millions of dollares worth of equipment ordered but not paid for.
And, the final death blow may have come Friday, Jan 11.
13 Institutional bond holders have filed an injunction to halt merger proceedings.
It appears that the merger will come to a scretching halt, but, if by some miracle it takes place, it could be a very good play.
Cogent has announced that they intend to do a 1:10 reverse split of their privately held shares(unknown value) and there will be a share exchange of ARCC and Cogent shares with Cogent being the surviving company.
The R/S is, obviously, to bring the share price back up over a dollar to keep the NAZ listing.
At this time, the only unknown facts are; what is the current Cogent share value and what the exchange rate will be?
I expect those facts to come out by or because of the Jan 31 meeting..........Maybe, before then, in a PR......
IMO, it would be wise to watch closely.........
ARCC...Allied Riser Communications inc. of Dallas.
Last August they announced a tentative merger agreement with Cogent Communications, a private company.
When the merger is completed, shareholders of ARCC at to receive shares of Cogent.
But, then as now, details are really sketchy.
They had no merger date and the ratio of share distribution remains an unknown number.
I put it on my watch list just to keep on top of any developments and, today, they came out with a PR.
On January 31, a special shareholders meeting will be held to vote on the merger, but aside from that, the details are still sketchy.
ARCC was a NAZ listed stock, but their listing was in jeopardy because of the share price, .17 at today's close.
They may have already been delisted.....I haven't looked yet...:)
Anyone doing further DD on this company, please post the info.
Meanwhile, I'll be waiting for the results of the voting...
TIA
Progress Report.........................
Here's a post I made to Ross Rojek regarding my efforts to obtain a copy of form 15c2-11;
In an attempt to get a copy of this form, as you suggested, I did the following;
Called my Broker and was told that, since they are not a Market Maker in this stock, they could not get a copy of it.
They referred me to Knight Securities.
Emailed Knight and was told that they could not release a copy of the form......was referred to the NASD.
Emailed the NASD....no response
Called the NASD Public Disclosure Hotline(1-800-289-9999), and was told that form 15c2-11 was NOT a public disclosure form.
It's been four months since you first said that this form was "almost" ready to be filed.
I will be emailing you with an address to send it to.
The CYSI dividend shares are being delivered,...kinda.
Today, they showed up in my account with the label "restricted shares" and the symbol is CYBERZ........crazy!
I expect that in a few days (weeks?), it will all be sorted out.
myDDdotcom,
I've put so many questions to Ross, that, at this point, I'm a little burned out on song-n-dance responses.
His reluctance to reveal any financial information about this company is really starting to make me wonder....
If he made that form public, would it be good news?...I wonder.
Just today, I noticed something that, in itself, dosen't mean anything, but it doesn't make me feel any better;
He wanted another poster to email him and he gave an address of;
comicsandcomix@hotmail.com
What happened to Ross@comicshop.net???
Also, as far as this form goes, he has made a statement that he would send me a copy if I can't get it anywhere else.
I think we will see if he will keep his word.
FWIW..I still haven't received a respose for the NASD, but I have their phone number and after today's close I'll call them.
We'll see.
myDDdotcom, The only one whom I felt really shined my on was Knight Securities.
They have a copy of it.
My Broker said that because they are not one of the Market Makers in this stock, they don't have a right to it either.
Makes sense to me.
In the beginning, when the SEC first required a form 15c2-11 for the Market Maker to keep in their files, there was only ONE Market Maker per stock.
All the other Broker/Traders made a secondary market.
Now, with so many MMs the SEC requires that only the "first" Market Maker keep a copy.
But, I would have really been surprised if Knight had provided a copy for me.
It's not a public form.
I'm still waiting for a response from the NASD.
A few days ago, I received email from the people at the link listed below.
They were announcing a new OTCBB IPO for a company called, Cycle Country Accessories Corp. The symbol will be,(is), CCAC and they were supposed to start trading last week.
The company has been in business for 20-years and is some kind of ATV after-market accessories supplier.
That in itself doesn't sound like much, but it appears that they have about 50% of all the business in the world and,(don't laugh), almost all the worlds' business for golf-cart hub caps!
Last years' revenue was over 13M.
So far, I still can't get a quote on that symbol, but it might be worth watching for.
http://investorspecsheet.com
Just so I don't sound totally negative...:)
We have been waiting a long time for the price to show the movement,( strength), that it has in the last few trading days.
If anyone is fence sitting about adding more shares, at these prices, movement can come very fast.......
good luck
It has not been too often, if ever, that Ross Rojek has made a definite statement of committal about anything.
It's always been, "I plan to, I want to, I hope to, etc.
Well, when it comes to the form 15c2-11, in one of his last posts on RB, he HAS made a definite statement to get a copy of it to me.
In case you don't realize how important this is;
There are no filings and no legal, binding information about this company.
All we have is what we have been told.
The 15c2-11 can change that.
Basically, it contains all the information found in a 10K, but it's not available to the public.
Ross thinks it is and and promised to send me a copy if I can't get a copy anywhere else.
So far, I've contacted my Broker and they can't do it because they "aren't a Market Maker."
Knight Securities says that they can't release that information to the public and referred me to the NASD.
I'm waiting for a reply from the NASD right now and, when that fails.......I go to Ross!
We'll see!
.0009X.0014..wadda spread!..eom
VAROOOM!!!! BOUT TIME!! .0014eom
CMIH is finally starting to move..
Monday, the price jumped 75% and this may be just the beginning.
The closing price was .0014, up from .0006
Shareholders have been anticipating a stock-buyback or the retirement of shares that the CEO said he wanted to do after the holidays.
Could this be insider action because of the news?...maybe.
So far, there has been no word of any kind, but many are expecting news by Friday.....
EXCITE.COM is going out of business....
Excite.com, once the leader in ISPs and the social gathering place for millions of teenagers, will be shutting its doors by February 28th.
If you have(had) a portfolio at "Excite by Quicken," as did I, you will notice some changes.
Since Excite will soon cease to exist, Quicken.com has opened ther own website and is as good or better than what they had with Excite.
To change your portfolio to Quicken, you will have to start from scratch....it does not automatically transfer.
I've done this and it's no big deal...
I also deleted everything at Excite
The portfolio at Quicken is still the only portfolio I know of that allows quotes to carry out to five decimal places to the right of the decimal point.
VERY handy for us Penny Players.
re: GRIN
Normally, when a stock does a reverse split, post-split trading will push the price back to the original pre-split price.
At least this is what I have seen in the Pennies, time after time.
In this case, when GRIN did the 1:4 R/S, the share price was one dollar.
Then, right after the split, the Harry Potter/Lord of the Rings hype began, which attracted buyers.
Now, there appears to be profit taking.
For the last two or three days, the price has dropped steadly and it looks like it may continue until it gets back under $2.00.
Of course, this all depends on news.
Since both Lord and Potter are serials, so to speak, I will be watching for another price jump on any announcements related to them....
Meanwhile, it's time to watch for a good entry point.
husker, I've searched several sites for any article with that statement in it and could find none.
First, There is no date on it, but it's at least six months old and, if it ever existed, is probably deleted by now.
Second, because it's so old, it shows nothing about the newest acquisitions, especially First Guarantee Financial Corp.
Their business has increased 242% over a year ago and, due mostly to them, EMB is projecting revenue of over 8-million.
Currently, we are seeing profit taking, which is pushing the price back down.
IMO, the lower it gets the better the profit potential is when it moves back up.
husker, Do you have any links for that information?
The only thing I could find was EMB saying that an unauthorized email was sent out by "someone" other than EMB.
Where did you find that info please?
If you found it on the EMB website, pleae post a link to it.
TIA
myDd, yeah, did you see the price movement?
All day, the spread was .0005X.0006 and all the trades were sells at .0005
Then, there was 300K @.0006 and right after that, three trades for about 860K at .0008
Very strange!
But, at least end-of-year, as well as end-of-month manipulation is some sort of answer.
Oh well........next week is a new year!
joeynimble, the float of GRIN is 900K
Go to;
http://www.smallcapcenter.com
and, after you click on the quote window, go to "financials."
good luck
OT.....Sorry about responding to private messages on this board...
I have yet to get used to the program here....so far though, I really like it.
Arch, The first thing I did when I read that post about GRIN was to look for a tie with CMIH......I found none.
I'm sure the statement was made tongue-in-cheek.
But, the information I discovered about GRIN itself is pretty exciting.
When they did the 1:4 R/S, they were trading at a dollar.
The Potter/Rings frenzy has, IMO, created a false run in the price.
But, the Potter/Rings deals are ongoing and far from over....
Worth watching.....
muel, i agree completely.
When they did the 1:4 R/S three months ago, the price was 1.00.
It's interesting to note that 1.00 is the minimum share price to retain a NAZ listing.
But, Right after that, the Harry Potter/Lord of the Rings hype started and the price jump is related to that....
Normally, I would watch for a drop back to about a buck and it may still do that, but the Potter/Rings frenzy is just in the beginning stages.
So far, someone who is a better trader than I am, can make some very good money on the spikes.
I may have stumbled onto something and would appreciate any feedback.
On another message board, another poster was joking about GRIN taking over CMIH.
I took a look at GRIN(had never heard of it), and it really got my juices flowing.
Today, the price jumped .73 and another .11 after hours and the closing price seems to be 3.24.
But, here's why I got excited;
The OS is 12,000+ and the float is 9,000+, as a result of a 1:4 R/S last September.
This is a toy/game company and with the release of all the Harry Potter and Lord of The Rings stuff, their share price jumped over 300% just recently.
It seems that they have exclusive distribution contracts for this stuff, at least in Canada.
Anyone looking at this company, they recently did a symbol change from GRIND to GRIN.
My information is sketchy and I may be off base on a few things, but any of the numbers I just posted are pretty close....
Any feedback is appreciated.
TIA
gregs, could you give me a hand here please?
I remember, a month or two ago, reading a blurb about ARM and some international deal they were involved with regarding a chip....(sorry, I'm real sketchy about this)
I read the news release and can't get any symbols out it for any of the companies they mentioned.
Do you have symbols for any of them?
TIA
This coming Friday, OPEC is scheduled to meet.
The subject will be, how much they intend to reduce the oil supply.
Not IF, but HOW MUCH.
Regardless of how much they reduce it, the action will tend to drive oil prices higher,(supply and demand).
As I understand it, this should mean a marked increase in the price for any valid oil company stock.
It may be a good opportunity for for quick profits....
Any thoughts ?
Does anyone know the holiday schedule for next week?
Surly, the Exchange isn't going to be closed all week????
I'll go into withdrawal.............!!
Arch, several shareholders of IDFR have claimed to have called the company and they all say the same thing.
"the CYSI shares are restricted."
At this point, I have to assume that's true and, if so, they will NOT be delivered.
Restricted shares cannot be sold or issued to the public.
Right now, it's up to CYSI to file a SR-2 to lift the restriction, but it hasn't happened yet and the chances look slimmer every day.
Because all three companies are in the Pinks, it's hard to get any factual information, but one thing is becomming clear;
When IDFR obtained 80% of the stock in CYSI they assumed majority ownership.
With that, they, literally took control and, as I understand it, all three companies, IDDFR,IDCG & CYSI, are controlled by the same management and based at the La Jolla address.
The IDFR/IDCG/CYSI situation is beginning to look more and more like the grandaddy of all scams for 2001.
I bought into IDFR for the declared dividend of CYSI shares, but it's really starting to look like they won't deliver.
Oh well.....This will make it three for three busts on Penny stock-stock dividends......EMBI/ENNT, WTAI/PAAT and now, IDFR/CYSI......Think I would learn, eh?
What the hell, I'm becoming one VERY experienced failure at stock dividends.......Maybe I should become a consultant.....:)
The CBS website is posting a link to Hollywood.com
scroll down to Recommended Sites on the left;
http://www.cbs.com/
I've just added IRAC to my watch list.
They, weeks ago, came off a 1:10 R/S and bottomed out at .04
In the last week or so, they ran to .11 and, at last night's close, profit taking drove them back down to .025.
IMO, this could be a good spike play....will continue to watch.
Posted today by Ross Rojek....
Well we should have 4th quarter complete (except for any refunds/chargebacks etc that happen after the first) first week of Jan.
I'm going to work on the form itself on my flight home and then coming back next week. So I'm trying to be done with my part of it at the same time to bookkeeper is done with her part of the financials. Then turn that over to the attorney for filing in January. And I'll release its availability at that time.