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If he really was lying to federal investigators, what makes you think he would tell anything remotely close to the truth on some message board when he's already admitted he's short. I know I'd be up all weekend bashing here too if I were him. I wouldn't trust this guy any farther than I can throw him.
You know, I'm surprised nobody's mentioned a link between the Amazon project and possible a major partner in their backyard that might get it up and running. I know in the interview Mr. Harris wasn't making the Amazon contract out to be a big deal but with Georgia Pacific based in Augusta, it makes you wonder...
Actually, I saw alot of MMs buying and then unloading 2 or 3 cents higher, then walking it back down and doing it all over again maybe to make it look like there was still a float and keeping the price realatively stable. Those that got in today may have just been stealing their shares in the process. Just thinking out loud here. Lots of small blocks though since yesterday afternoon and substantially lower volume for all the hype surrounding this, all positive signs. It may take a collective effort by those still holding and a blockbuster PR to get this thing moving way up next week to overcome this.
OK I thought I might not have heard that right. It made absolutely no sense at all to have just picked up 100k at any level.
OK not trying to bash (I own myself) just a little confused as to the float and some numbers from the interview last night and that's why I waited after the close to bring this up. He said the company has purchased the entire float, but what is his definition of the float? I understand it to be the number of outstanding shares not held by insiders. I thought I heard that they have purchased 100K. Did he mean they've bought back 100,000 shares total, $100,000 or just 100k on Thursday? There's got to be more shares if people were still picking up sizable orders today or the MMs are really selling a ton of naked shares, in which case someones going to lose their arse. All I know is the volume today was cut in half and the stock managed a modest gain which leads me to believe the float has been reduced but maybe not entirely eliminated.
Discus
she's looking frisky
A Reg T call is issued when the initial equity for the purchase of a security is below the minimum required by the Federal Reserve Board. A Reg T call is generated if you have exceeded your SMA or do not have cash available in your account to satisfy the initial margin requirement of 50% for all positions held overnight. You must have adequate available funds if you intend to hold the position overnight.
It is possible to exceed your SMA because TD AMERITRADE gives you access to the greater of your stock buying power or day trade buying power.
Day trade buying power is the amount of funds you can use to day trade intra-day (to open and close a position during the same trading day). Stock buying power is the amount of funds you can use to hold stock overnight. These are two different numbers with different requirements, please be aware of the difference between these two calculations displayed on your account to avoid generating a margin call.
Example:
Your account has $7,500 of available funds, $15,000 of stock buying power, and $20,000 of day trade buying power.
You may use up to $20,000 for day trading (opening and closing a position during the same trading day). This is not the amount that can be used for overnight positions.
For example, you decide to purchase $20,000 worth of ABCD with the intention of selling it at a certain price later that same trading day. However, the stock does not reach the price at which you wished to sell, and you decide to hold it until the following day. The initial margin requirement for this position (as an overnight transaction) was $10,000 (50% of $20,000). Since your available funds equal $7,500, you will have generated a Reg T call for $2,500. You cannot sell ABCD to satisfy the call.
The Final Countdown
Europe
(Miscellaneous Movie Songs Compilation)
We're leaving together
But still it's farewell
And maybe we'll come back
To earth, who can tell
I guess there is no one to blame
We're leaving ground (leaving ground)
Will things ever be the same again
It's the final countdown...
The final countdown
Ooh oh
We're heading for Venus (Venus)
And still we stand tall
Cause maybe they've seen us
And welcome us all (yeah)
With so many light years to go
And things to be found (to be found)
I'm sure that we'll all miss her so
It's the final countdown...
The final countdown
The final countdown (the final countdown)
Ooh ooh oh
(interlude)
The final countdown
Ooh oh
I'ts the final countdown
The final countdown
The final countdown (the final countdown)
Ooh
It's the final countdown
We are leaving together
The final countdown
Absolutely, with everything spirally out of control in the middle east, the timing couldn't be better. When diplomacy fails, who do the send in first? The planes to drop a couple bombs and wake them up.
And by the way, there's not going to be alot of details coming out of the company on the technology on this front. The government is going to require a the company to be descreet on what they're working so I wouldn't expect a lot of flashy web sites and buildings. I know 20 years back of a contracter who was installing missile defense systems in railroad cars that look like box cars. This stuff isn't done outside in a big open rail yard in the middle of downtown under an overpass if ya catch what I'm saying.
If this stock does shoot up to $15 or beyond though, I doubt he's going to have a hard time finding qualified investors for it. Heck, I know I'd be interested in throwing down some coin and I'm sure he'd have lots of fans following to do the same. Pretty smart move by him. This thing with Georgia Aerospace could really be CVSU's bread and butter for the coming years.
I believe the $100 share price mentioned was in regards to the AISS venture that they have with georgia aerospace which are either privately held now or are going to be distrubted to a qualified investor base (private placement). The board would like to have them valued at $100 in three months if I understood that correctly.
are we halted?
Attention shareholders. The minimum wage MM bashing center is now open for business!
And how about the other 4?
I think Ronnie just called your bull sht. I'd also like to know who these 5 brokers are.
Look who chasing up the bid now. VIEW!
How did any of the mac users get the paltalk thing to download. it won't work for me.
trades are getting smaller and smaller, pretty soon we'll see blocks of 25 going thru at a time. no more float=$$$$$
btw if you do put a sell order in put it at $15
I'm going to buy a Delorean!!! 88 MPH!!
The MMs have opened their minimum wage bashing center to scare us into.......I mean save us all from losing all our money by selling our shares to them now at this dramatically overinflated price. He just must be a new hire. He'll get the hang of things soon.
Just a healthy shake. Don't panic and walk away from the computer if your feeling a little sick and come back in about 20 minutes.
Thank you JJ, Ronnie and everyone else for their great work researching this stock and getting the answers. An even bigger thanks for sharing it.
I got in at .24 and so far this stock is acting like advertised. I've seen float numbers from monday ranging anywhere between 14 and 16 million after folks spoke to Rufus. After the volume we've had the past 2 days, I'd estimate it anywhere from 10 to 12 million conservatively. I think Rufus is using both NITE and UBSS to buy back and possibly even a third. Keep in mind that flipping may get a little more difficult as the float dries up in the coming days and we may soon see spreads of 5 cents or more between the bid and ask. At that point I'd hold on tight because who knows if you could ever get in again sub $15.
And one more thing, go away bashers, your cluttering up a good message board.