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After Hours / Intraday
Sure would be nice to see the Ask getting hit more than the Bid.
Significant After Hours volume at .003
Nice call ... we live to 'ascend' another day
As long as we close like we have been , it keeps looking good.
And it 'seems to mean' that there's some anticipation out there.
Hopefully rewarded anticipation!
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Yep a144 , it does help , thanks.
I know examples of stocks that do that abound.
NEOM is one which has sold so many Convertible Preferreds (superstock) , CD's and warrants to a toxic financier (Yorkville f/k/a Cornell) that at today's PPS the fully diluted share count is around 4X the Authorized Shares ... even though the OS is only 1/5 of the AS.
I think a R/S isn't out of the question , although it would be their first ever as far as I know. A R/S would get that fully diluted number back below the AS , as long as they left the AS where it is , and allow for the 'fund raising'. As far as being up to the BOD , most are gone , of the few who are left one is brand new and they all seem to be Yorkville lackeys.
With Yorkville currently having rights to billions and billions of shares , and common stock shareholders holding a billion or so ... your scenario works perfectly for them.
Yorkville is the only shareholder whose vote counts.
Thanks again , just looking for a little corroboration of what I think is going to happen next.
jonesie
Yep, it was hit hard enough ....
.... to take it out for now.
.003 Isn't that special.
I wonder if .003 will enjoy some support for a while?
Closing at .003 kindasorta breaks below that little uptrend line we've been enjoying. Maybe we'll get a little bounce.
We need somebody to blog another good rumor before Iain gets us to the next level!
;)
jonesie
Hey, got a question.
(Saw your post over on the Fighting the Crooks board)
When these guys do a reverse split, do they ever change the value of the Authorized Shares, or do they just leave that nice and high so there's always plenty of headroom to print/dump more shares after the R/S?
Not curious about WIFT so much as I am about the typical M.O..
TIA
jonesie
Thanks Mike.
Hyperfactory ... search this board for posts containing hyperfactory. They've been very busy and apparently fairly successful at garnering attention and campaigns, with postings here going back to mid-2005.
http://www.thehyperfactory.com/NewsRoom/News
Past successes include in-Book at D&AD, OneShow, two wins at the Webbys, Grand Prix Media Lion and Bronze Media Lion at the Cannes Lions, a Bronze Clio Award, Best In Show and Best Mobile at the OMMAs, Best In Show, Best Wireless Promotion and Best Print at the Adweek Buzz Awards, Best Use Of Mobile Marketing: Branding and Best Use Of Mobile Marketing: Product/Services Launch at the MMAs and Best Use of Mobile at the Asia Pacific Digital Media Awards. Not that we're boasting.
http://www.thehyperfactory.com/Company/About
That's probably a good idea.
Hard to know for sure who broke that 'news'.
The sequence of events regarding the breaking of the Hutchison Whampoa HK / NeoMedia 'news' seems to be:
streetstylz' blog: Posted 1:02am ET
Bena's blog: Posted ????am in her time zone
lemonhead1de: Posted link to Bena's blog 3:27am ET
lesnshawn , good points.
Well then , two of us missed it. It appears not to have been 'verified' per the normally accepted definition of that word.
Agreed on the 'doesn't look right'. "PR by blog"? Not only would that not 'look right' ... it isn't right.
Yeah , I suppose we are just a sideshow ... I'd imagine that when Neomedia execs think 'shareholders' it's really a simple matter for them , because there's only one shareholder that matters .. the secured one .. the one with all the shares and rights to shares.
I've seen talk about 'we deserve' and 'we should get bought out at 5 or 10 cents a share for our pain' and stuff like that. Uh , there's no 'deserve' in the stock market , and there's certainly no 'we should get' on the otcbb.
But Iain DID address we-the-sideshow in his interview with Bena:
Bena: "Iain you do sound very confident and convincing. But what about the shareholders that lost a fortune on NeoMedia?"
Iain: "I feel very grateful to everyone that has supported NeoMedia and will make sure that the company succeeds moving forward. I understand the frustration of the shareholders and I know what that feels like."
But then he paused and he said, "Bena, (best quote of the day)
I can’t manage the past – but I can make the future."
So there!
Wait. He's grateful. And he understands. But he didn't in any way say he had we-the-sideshow's interests at heart , so you're probably correct.
The rest of the interview read more like Chas' famous "Visions and Goals" shareholder letter than anything else. (from Feb '07 was it?)
Chas had lots of "visions" and "goals" in that letter. None came to pass.
In the interview Iain had:
"we need"
"we need"
"we want"
"we want"
"we want"
"we want"
"We have the patents in our back pocket"
I guess this interview will be known as the "Wants and Needs" talk.
JMO
jonesie
NOTICES TO DRILL, RE-WORK, ABANDON
0 notices for Tri-Valley for week ending 7/12/08
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2008/07-12-2008.pdf
re: "cashless option exercises"
There's certainly no way to know without asking TC himself , but I would guess he may have learned from his January mistake , wherein he may have told his broker to get a third of them sold and didn't specify a price. Thus the big drop which perhaps spoke to a 'market sell' order being placed , rather than a 'limit sell' order.
Having learned , he may well have converted more options at a more leisurely pace between January and June , easily getting $6'ish and a bit higher for his shares.
And ... he may have even remembered the typical pre-Russell run-ups of past years (all he would have had to do was read this board lol) and converted/sold into that run. There was certainly enough volume at that time , and he could have gotten much more than he got in his first ill-fated dump.
He could be done by now.
Unless he has reason to believe there is a shiny black top-hat hat somewhere which is going to be rabbit-less between now and 8/22 .... he certainly SHOULD be done by now.
JMO
jonesie
lesnshawn, still no PR about the Hutchison Whampoa 'news'?
After the blurb about Whampoa was posted on the streetstylz blog , Bena put it on her blog , and said the only 'reference' she had to it was http://www.weekendhk.com/
Am I the only non-Chinese-reading person here who doesn't quite see the 'reference' to NeoMedia?
Any ideas on why NeoMedia would NOT press release such a thing if it was significant?
- Are they 'leaking' stuff like this to blogs so they don't have to answer questions about , as Chip Hoffman put it , "puff PRs" later on?
- So they don't have to spend the money getting a PR on the newswires?
- Are they trying to quietly get the word out to manhole-diving shareholders so they can load up at these 'cheap prices' , but holding off on official PRs so there won't be a run on the stock ... for some reason?
Where have the words below shown up in any official statement by Neomedia? Or anywhere other than blogs? Did I miss it?
"NeoMedia Technologies, the global leader in camera-initiated barcode transactions for mobile devices, has teamed up with leading wireless carrier Hutchison Whampoa and New Media Group, to bring mobile codes to Hong Kong.
Hutchison Whampoa, one of the worlds leading telecommunications operators running it's network under the 3 brand, and New Media Group, a leading Hong Kong publisher principally engaged in the publishing and marketing of Chinese language weekly magazines, have deployed NeoMedia's 2D barcodes in New Media's Weekend Weekly and New Monday publications."
Any thoughts?
jonesie
Absolutely.
Nobody here is disagreeing with that.
"unless and until the A/S is increased from the current 5B share cap, the O/S cannot increase above 5B shares"
Keerectomundo. I have yet to see anyone say any different. That is not the issue where the debate/commentary/informative analysis has been taking place.
jonesie
DAILY CHART
Another day still IN the ascending triangle. That beats a poke in the eye with a sharp stick.
We've been in this ascending triangle for 27 trading days , nearly 6 weeks. That hasn't happened in a LONG long time.
I know , an uptrend between .002 and .004 isn't all that exciting , but still ..... 6 weeks.
I wonder why we're hanging up at .004?
PMKT is being , er , 'advertised' , elsewhere as well
http://search.messages.yahoo.com/search?.mbintl=finance&q=hudson1214&action=Search&r=Huiz75WdCYfD_KCA2Dc-&within=author&within=tm
http://search.messages.yahoo.com/search?.mbintl=finance&q=weekndwarrier&action=Search&r=Huiz75WdCYfD_KCA2Dc-&within=author&within=tm
http://search.messages.yahoo.com/search?.mbintl=finance&q=tradz1207c&action=Search&r=Huiz75WdCYfD_KCA2Dc-&within=author&within=tm
Exactly lesnshawn.
"If NEOM could just get the share price up to .016 I think it could drop that fully diluted number down to under the 5B authorized."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29345437
Also agreed on your 'simple vote' statement in your other post.
Good luck to us! We need it!
jonesie
"Buy out?"
There was a 'buyout thread' a while back and within that thread B.E. probably provided us with the most knowledgeable post on the subject , a post which addressed the available numbers in the available filings.
In addition to B.E.'s $200MM Sale Price Scenario , be sure and note what he interpreted as the end result should NEOM be sold for the minimum sale price YAGI put in Iain's employment contract. It's in the last sentence in his post linked to below.
Also note that even YAGI's minimum commissionable sales price is over 10X our current Market Capitalization.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30463743
Just FYI
jonesie
I think you are probably correct ....
.... in that , unless the AS limit is increased or some kind of Reverse Split takes place , it would be flat out illegal for YA to have more than ~3.8B shares out of the 5B authorized. They've got rights to them , but they can't have them.
You used a 1:1000 Reverse Split example in a previous post ....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29485983&txt2find=
... and even in that scenario , if everything (Outstanding Shares , Authorized Shares , YAGI's convertible/etc shares) were reduced proportionately , the same ratios would exist ... as you said.
My only additional comment on that has been ... I have seen instances in other 'serial diluter' companies , where they did such a reverse split yet did not change the Authorized number. Nobody liked it , but they did it anyway and as far as I know got away with it.
In our situation , whether or not that AS gets changed in a R/S situation is probably up to a majority vote of shareholders. I think YAGI wins that vote. I think they may have already won votes predicated on the 'conversion' rights they have to shares , such as the vote to raise the AS from 1B to 5B. And perhaps they have de facto 'voted' not to have a legally required Shareholders' Meeting.
Anyway , if a 1:1000 R/S was done and the AS was left at 5B ... YAGI's full rights of shares ownership could come into play and give them a higher percentage of ownership of the company. LOL , what they need that for , who knows , oops , we did talk about that before to some extent , they're first in line to get paid in the event of a company sale and the higher percentage 'paper ownership' they have just puts them 'more firster'(lol) in line.
So , I agree with you. No R/S and 5B AS remains status quo , YAGI's multi-billions of shares are probably somewhat meaningless.
Do a R/S and keep AS at 5B , not so meaningless.
Shareholder vote to increase the AS to 20B ... YAGI wins that vote easily ... and again their percentage ownership goes up.
All JMHO and all of the 'continues to be posted' was begun by a question as to where that 9B number came from:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30759370
I'm not arguing the point , nor am I trying to change anyone else's opinion ... I'm merely presenting the numbers available in SEC filings and interpreting them per my opinion , as I think these scenarios could one day be relevant to our investments.
jonesie
p.s. re: "there is still under one billion in the float for now"
Close.
"The number of outstanding shares of the registrant’s Common Stock on May 9, 2008 was 1,068,376,229"
http://www.sec.gov/Archives/edgar/data/1022701/000114420408029387/v114084_10q.htm
They are different.
Convertible debt is all of the convertible debentures listed in Neomedia's filings.
Convertible Preferred stock is a different item altogether.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29326394
jonesie
Yes, thanks BE.
I'm glad I'm not the only one who understands it isn't really a bogus 9 Billion share count number that mysteriously showed up and persists.
Plus we have whatever gets added to the Fully Diluted because of the recent payday loans , don't we?
That's $1,428,000 worth of recent loans with Yorkville geting a 20% 10-day VWAP discount on shares converted.
So if those new shares Yorkville potentially has rights to were added in at recent prices , using a very generous VWAP of .004 just to use a round number , and forgetting about YAGI's 20% discount , these recent payday loans alone account for another 357,000,000 shares.
Since the 8.5 billion shares in your post , from NEOM's filing , was calculated as of 3/31/08 when we had a PPS of .008 , if that were to be recalculated at yesterday's close price , 8.5B could zoom up by billions and billions more?
So at today's PPS 9 billion shares fully diluted really is a 'bogus' number LOL , the number today is actually billions higher.
And that is why they call it toxic financing.
That is why they call it death spiral financing.
That is why it is so difficult , if not impossible , for any normal revenue-generation in a reality-based business world to overcome such horrendous dilution.
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
And when we add the Outstanding Shares to that ....
.... "The number of outstanding shares of the registrant’s Common Stock on May 9, 2008 was 1,068,376,229" we end up with around 9 1/2 Billion shares , Fully Diluted.
I think lol. It's early yet. Anyone please correct me if I'm wrong.
jonesie
It was in Neomedia's 10-Q filing
http://www.sec.gov/Archives/edgar/data/1022701/000114420408029387/v114084_10q.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29325336
"Fully Diluted share count 9,617,290,165"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29326394
"Note, the biggest numbers in the bottom row are BILLIONS"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29345437
"That 9.6 billion shares fully diluted was as of 3/31/08 when we had a PPS of .008"
"If NEOM could just get the share price up to .016 I think it could drop that fully diluted number down to under the 5B authorized"
While 'Fully Diluted' shares aren't in the Outstanding Shares count , they are in fact shares which Yorkville has rights to at a specific PPS , such as the PPS NEOM was trading at on 3/31/08. That is the PPS Neomedia used when they made the Fully Diluted calculations for that 10-Q. Because of the 'toxic' and 'death spiral financing' nature of the funding Neomedia asked for and received , the Fully Diluted number is a variable , based on Yorkville's conversion rates/discounts and the PPS.
Nobody is saying those shares can find their way into the open market today or next week .... but they are a real factor , they are indicative of Yorkville's rights to a high percentage ownership of Neomedia , and ultimately Yorkville is likely to exercise those rights in one way or another.
JMO
jonesie
An example today of a Form T ....
.... after hours trade. It's showing up on the IHUB/advfn site just like it shows up in my Time & Sales
SEC update
http://www.bloomberg.com/apps/news?pid=20601087&sid=ansrs4i.J_Ek&refer=worldwide
As SA12 said , this appears to be going after the big fish who have been stinking up the big companies.
"July 16 (Bloomberg) -- The U.S. Securities and Exchange Commission subpoenaed Wall Street's biggest firms and hedge-fund advisers in a widening effort to crack down on suspected manipulation of Lehman Brothers Holdings Inc. and Bear Stearns Cos. shares, said three people with knowledge of the matter."
"The order requires anyone making a short sale to first ``borrow or arrange to borrow'' the securities and then deliver them by the settlement date. It applies to shares in 19 companies, including Citigroup Inc., JPMorgan and UBS AG."
That would certainly be one possibility.
I think it might be time for another look-see to try and ascertain how many are still on the payroll.
From the size and frequency of these loans it would appear that NeoMedia's monthly burn rate might be drastically down. That wouldn't quite jive with "hiring at breakneck speed" based on some help wanted ads out there , nor would it jive with Iain's published salary.
So I hope you're thought is correct!
jonesie
Very nice recovery today!!
Recent 'payday loans'
$500K (gross) on 5/16
$790K (gross) on 5/30
$138K (gross) on 7/10
lol on the 'cheaper' , YJ.
I suppose long gone are the days when the company bothers to tell us peons what the money is going to be used for. They used to let us know.
jonesie
You're right ....
.... a 'little bit'. Interesting.
$137,750
interest at a rate equal to fifteen percent (15%) per annum
Yorkville gets a 20% 10-day VWAP discount on shares converted
redemption premium equal to twenty percent (20%) of the principal amount being redeemed, and accrued interest
NEOM paid $10,000 for monitoring and managing
NEOM paid structuring and due diligence fee of $4,000
So, we paid 10% up front , 15% per year , and shareholders can foot the 20% discount on shares some day.
Is this a payday loan? The payroll must be shrinking.
jonesie
Thanks for posting , MLD38
"permitting us to trace back through e-mails and instant messages to the very individuals who have manufactured intentionally false information"
I wonder if the SEC's gaze will ever be lowered to the likes of Yorkville , NIR Group , etc? It would be interesting to see some 'tracing' and checking into shorting/offshore-shorting by some of these toxic financiers.
When it comes to some of these otcbb stocks funded by toxic death-spiral financiers ... and coincidentally touted by the likes of a nationally televised Tobin Smith ... it would also IMO be interesting for them to do some tracing , checking into possible front-loading by the touts , as well as identifying 'the very individuals who have manufactured intentionally false' PUMPING information and disseminated it via various message forums , particularly those where those individuals wield the power to remove negative postings.
Just fwiw and relevant to these 'little companies' that Yorkville f/k/a funds.
jonesie
Was that the trade for 895,000 shares?
I suppose the 3 MM's at .0035 might have had relatively small bids showing as the 'best bid' , thus forcing the seller to offer his shares below the 'best bid' to get them sold. That would be particularly applicable if the seller entered an 'all or none' order.
JMO and it's SO hard to say on a sub-penny otcbb stock.
jonesie
The bump turned into a pothole
.70 looks good from here ... but I doubt seriously if a 'retail shareholder' could have gotten .70 for his/her shares yesterday
jonesie
And another green day!
4 in a row.
geo , 'one of these times' TIV may start that 'random walk up' I was talking about a while back.
jonesie
thanks Howard .. pretty amazing
A rule to enforce an already existing rule.
I suppose one day we'll have a rule to enforce the rule which says to enforce the first rule.
One thing for sure ... short selling isn't going to go away. Too much money to be made in hedge funds and other 'big-money' operations.
Did you see that thing on CNBC last night about how much money the top 25 hedge fund managers make?
jonesie
Yep , that would be nice.
Do these guys actually do anything?
From a month ago "That being said, it is now time to move on with developing the corporate opportunities still available to us because of the diligent work of our CEO Mike Heil."
Before that , they PR'd signing up another 10,000 rooms for ad insertion.
Maybe they are now simply waiting for the lawsuit defendant to pay them $10MM lol
jonesie
DAILY CHART - BOLLINGER BANDS
A distinct tightening of the Bollinger Bands often presages a marked movement of the share price .... in one direction or another.
I lengthened the timeframe of this chart to show that the recent BB tightening was as tight as they've been during the last year. We have in fact seen a change in direction so far , fortunately upwards , and hopefully we'll see some upwards volatility soon which will expand the bands.
It will probably take some really good news.
JMO & FWIW -jonesie
DAILY CHART - ASCENDING TRIANGLE
NEOM did close yesterday , and is trading today , in a price range which keeps us in that little ascending triangle.
Also , note the addition of what could be the upper boundary of an uptrending trading channel. Another run up to .005 (or higher , depending on when it takes place) could make that channel seem more of a reality.
JMO -jonesie
"One of these times..."
It certainly appears that Tri-Valley could be in a better position than ever before to achieve significant production rates.
Rather than one wildcat well at a time as in times past , TIV has projects on several fronts. Reports on production tests indicate growth.
I know you've been holding for a long time , I wish the best for you and others who have been holding and/or buying , particularly those who may have bought near the highs of some of the recent spikes. Obviously some newer TIV investors DID buy at those points and it would be great if they could all end up in the green.
JMO
jonesie
Haven't heard a thing, never have.
Here's a bump! .70
Speaking of 'buy around $6' ....
.... the graphic below shows just how well that has worked out over the last year.
Assuming that one might not be able to get a good chunk of shares right at $6 , I've put in a baseline at $6.12. That looks like it would have made it fairly easy to get shares , and in at least one case a little quick averaging down would have been in order. (On T. Cunningham's January dump.)
When trading it's usually a good idea to predetermine an exit point and stick to it unless underlying factors change or significant technical breakouts occur. This graphic illustrates two such possibilities ... waiting for a predetermined +15% profit on the trade , and waiting for a predetermined +30% profit on the trade. Of course there are points in between and depending on momentum one can always try to squeeze the most out of any particular trade , i.e. , knowing the past history re: Russell would have made settling for +15% in that time-frame less than prudent.
As the graphic shows , one could easily have traded from $6.12 to $7.04 (+15% gain) 5 times in the last year , or from $6.12 to $7.96 (+30% gain) 3 times in the last year.
LOL , is 'greed good'? 15% or 30%?
Looking at the five +15% trades , assuming a starting purchase of 5000 shares , and assuming reinvesting the entire amount realized at the sell points , we see the following growth:
5000 x $6.12 = $30,600 initial investment
5000 shares sold at $7.04 = $35,200
Reinvested at $6.12 = 5750 shares , sold at $7.04 = $40,480
Reinvested at $6.12 = 6614 shares , sold at $7.04 = $46,563
Reinvested at $6.12 = 7608 shares , sold at $7.04 = $53,560
Reinvested at $6.12 = 8752 shares , sold at $7.04 = $61,612
That's a $26,412 profit for a 75% gain in less than a year.
Looking at the three +30% trades , assuming a starting purchase of 5000 shares , and assuming reinvesting the entire amount realized at the sell points , we see the following growth:
5000 x $6.12 = $30,600 initial investment
5000 shares sold at $7.96 = $39,800
Reinvested at $6.12 = 6503 shares , sold at $7.96 = $51,764
Reinvested at $6.12 = 8458 shares , sold at $7.96 = $67,326
That's a $36,726 profit for a 120% gain in less than a year .... compared to the $26,412 profit and 75% gain on the 5 +15% trades.
Just playin' with numbers and FWIW. And of course this works best on a good swing-trade stock , and TIV has certainly proven to be that for quite a while.
jonesie
DAILY CHART
All indicators except the Aroons were in the right spot on Friday , and Monday's action yanked Aroon Up to complete that indicator setup I like.
(Of course , one of the simpler approaches to TIV is 'buy around $6' lol)
jonesie
Considering the wording of the PRS ....
.... I think TIV covered themselves very well , plenty of "anticipates" in there , and production rates tied to specific dates , such as "Production from 39 active wells reached 1,015 BOED on May 8, 2008" and "production rate in excess of 1,500 barrel of oil equivalent per day (BOED) on May 13".
Therefore I don't think there is any concern about going to jail lol.
"The most recent production test was made to measure facilities capabilities in anticipation of establishing a stable production rate in the 2,000 BOED"
We have discussed this several times , it's nearly a dead horse and as such probably doesn't deserve much further beating.
In any event , around the middle of August we'll get to see , if not actual production quantities from the PV or Moffat wells , the associated revenues.
From that , it may be a simple matter to interpolate whether or not TIV's production has been a minimum of 1000 BOEPD , every day , since May 12 , with possible increases in sustained daily production between May 12 and June 30.
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"