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Thanks for the BUGS update eom
RWNW loses E 9/2 eom
OT: UNQT News 0.0001 eoom
6/1/2005 PR on Sanibel Naples
6/1/2005
The addition of these locations on company owned property will increase the Sanibel brand to two new states and heighten the brand's awareness; this will bring the companies Sanibel restaurant operations to five locations in three states upon completion of the build outs and the final two acquisitions of the Sanibel Steakhouses in Bonita Springs (to close August 15, 2005) and Naples, Florida.
PYPR ya thought maybe some 1 but no go
GTC Limit for a little at 1. No Fill. Ask 2 is weak now.
Thought maybe on this kinda oily weak day someone would
throw in the towel.
Sure fell hard fast from .001
g/l
CHI PMI DROPS 49.2 vs 63.5 eom
Oops Meller runs TYRIA not TRBY
So many of these IVOC spins off! Hard to remember all of them.
TREY RESOURCES
footnoted.org as a fian statements source
Motley Fool
Extreme Greed
Tuesday August 30, 2:08 pm ET
By Nathan Parmelee (TMF Doraemon)
One of my favorite sites for research and general information is footnoted.org. The site is updated on a near-daily basis with some little tidbit of info you'd find only by reading the footnotes of a company's financial statements. The author of the site, Michelle Leder, is also the author of the book Financial Fine Print, which is worth reading if you're at all interested in digging through the footnotes of companies.
Yesterday, while out surfing the Web, I came across a mention on the footnoted site about Ariba (Nasdaq: ARBA - News) and its recent stock option exchange program. The program allowed all employees, including executives, to exchange their stock options valued above $10 per share for restricted stock. As disturbing as the large option grants at ATI Technologies (Nasdaq: ATYT - News) can be, this is worse.
I'm against option exchange programs in general, because options are a reward for performance. If they need to be exchanged, that's a key indicator that the performance of the entire group wasn't there. Arguments can be made that it's necessary to reward employees to keep them happy, not to mention at their desks, but that's what additional future option grants are for. If the previously issued options don't work out, that's too bad, but if you perform, you'll get more at a future price that will likely be lower.
What makes the Ariba exchange so interesting and egregious is that the company hasn't generated $1 of free cash flow since 2001. As a reward for that performance, executives turned in more than 2 million options valued at prices above $10 a share for more than 900,000 restricted shares that vest over three years.
Shareholders who have stayed with the company and believed in its long-term potential have now watched management take a do-over on a portion of their past compensation that didn't work out as management desired. Given the performance of the business over the time frame, that's just wrong.
Nathan Parmelee has no financial interest in any of the companies mentioned. The Motley Fool has an ironclad disclosure policy.
Capt, Hennessee Group & Bayou Grp hedgies
By RIVA D. ATLAS NY Times
Published: August 31, 2005
The apparent collapse of the Bayou Group, the Connecticut hedge fund manager, has attracted scrutiny to the Hennessee Group, one of the oldest consultants in the hedge fund business.
Hennessee raised tens of millions of dollars for Bayou, people in the hedge fund business said.
The Hennessee Group, based in New York, was set up in 1997 by E. Lee Hennessee, a former broker who had a history dating back to the 1980's of recommending hedge funds. Her firm's clients include a mix of wealthy individuals and some pension funds, but she is mostly compensated by the hedge fund managers, an arrangement that some fund managers say is rife with conflict.
The troubles at Bayou have cast a shadow on Ms. Hennessee, who until recently was a steady presence in the financial press and at industry conferences, with her husband and partner, Charles J. Gradante. The firm has developed widely cited indexes that track hedge funds.
Ms. Hennessee, a native of Raleigh, N.C., often talks about having personal connections with other well-known financial figures.
"She used to make a big deal about how she grew up with Julian Robertson," said Budge Collins, a marketer of hedge funds. A spokesman for Mr. Robertson, one of the best-known hedge fund managers, said that Mr. Robertson did indeed know Ms. Hennessee but had not done business with her.
Ms. Hennessee grew up around the corner from Louis Bacon, another well-known manager, according to a profile of Ms. Hennessee by a North Carolina magazine, and her grandmother once ran a book club with Elizabeth Dole's mother.
The associations appear to have helped Ms. Hennessee attract clients in the hedge fund business, which, despite its growth in recent years, is still largely built on the strength of personal relationships.
Many hedge fund investors, particularly wealthy individuals, still tend to pick managers based on reputation and connections.
"There's a whole network of high-net-worth individuals out there who share information," said Sandra Manzke, a longtime industry consultant. "Everyone looks at the same names."
Still, at a time when hedge funds are attracting greater scrutiny from regulators, some managers have begun criticizing the way Ms. Hennessee conducts her business. The firm represents itself as working on behalf of investors in hedge funds.
Ms. Hennessee and Mr. Gradante did not return several calls placed to their offices and their Sutton Place apartment in Manhattan.
According to their Web site, the firm does not "market money managers."
"The investor is our client," it states.
But Ms. Hennessee receives lucrative fees from hedge fund managers for whom she raises money.
One hedge fund manager who declined to speak for attribution because of fears of jeopardizing a relationship with Hennessee, has done business with Hennessee and said the firm was typically paid 1 percent annually of assets it brought in, for as long as those assets remained in the funds.
Often, managers pay those fees in the form of brokerage commissions, channeled through a brokerage firm with whom Hennessee has a relationship, the manager said.
This arrangement is highly unusual, and much more lucrative than the way marketers are usually compensated, competitors and fund managers said. Typically, fund marketers charge up to 20 percent of management fees and 20 percent of the fund manager's share of any profits. Some fund managers said that the way Hennessee was compensated was fraught with conflict.
Hennessee often places clients' money with hedge funds that buy stocks because those traders are more apt to generate commissions, said James R. Hedges IV, who runs LJH Global Investments, an advisory firm.
Mr. Hedges said he wondered whether Hennessee had been paid by Bayou through brokerage commissions. If so, he said, "wouldn't you know what was going on in the portfolio?"
In a 2003 interview with The News & Observer, a Raleigh newspaper, Ms. Hennessee described the hedge fund business as a "young, immature industry."
But she said: "People are secretive at first, but it will become less secret and more open as people come to understand them better."
Got ya Security & Trust right here....
By REUTERS
Published: August 31, 2005
The New York attorney general, Eliot Spitzer, said yesterday that two former top executives of the Security Trust Company had pleaded guilty to criminal charges in his investigation of illegal mutual fund trading.
Grant D. Seeger, the former chief executive of Security Trust, which is based in Arizona, pleaded guilty in New York State Supreme Court in Manhattan to second-degree grand larceny and to a violation of the Martin Act.
The former Security Trust president, William A. Kenyon, pleaded guilty to a felony violation of the Martin Act. Both received five years' probation and a $50,000 fine.
The Martin Act empowers the attorney general to subpoena any document he wants from anyone doing business in the state.
Security Trust was ordered to shut down in November 2003.
Ask green .0002 this am!? excited?
Just now seeing 0.0002 Ask with Tick arrow up. hmmm
Never know. Waiting for Bid of 2. With all this recent
Vol....But the 2 showing is only from 1 of 2 data feeds.
For the very daring PYPR is at 0.0001
g/l
IWWD = IWWI changes anything? thanks
Does Death Drop still hold the same values when an RS takes
effect? Traded as IWWI.ob today but no actual Vol.
Inform Worldwide Holdings Provides Shareholder Update
Monday August 29, 2:39 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Aug 29, 2005 -- The Board of Directors of Inform Worldwide Holdings, Inc. (OTC BB:IWWI.OB - News) (formerly "IWWD") announced today that it has approved the re-capitalization of the Company's current capitalization structure. Effective August 29, 2005, the Company will have completed the reverse equity split of 1500-1 and will no longer trade under the symbol "IWWD." The new symbol will be OTC BB: IWWI.
PYPR new CEO
PayPro, Inc. Names New CEO
via COMTEX
August 30, 2005 11:19 am
FORT WORTH, Texas, Aug 30, 2005 (BUSINESS WIRE) --
PayPro, Inc. (Pink Sheets:PYPR) announced today that Jack Brown, currently serving as Secretary of PayPro, Inc., and Chairman & CEO of ChexCard Corporation, a subsidiary of PayPro, will become the new CEO effective immediately, replacing Mike Terrell, who will remain with the Company as Executive Vice President and also will assume Mr. Brown's office of corporate Secretary.
Mr. Brown has been aggressively pursuing loan commitments for ChexCard to finance the Company's long-term growth strategies. He is currently engaged in direct discussions with several Central and South American financial institutions that have shown significant interest in providing financing packages for ChexCard.
Mr. Brown and Mr. Terrell of PayPro, Inc., in a joint statement issued today, stated, "This new arrangement will allow us a better opportunity to raise investment capital in Central and South America where our current base is strongest. Also, it will allow Mr. Terrell to focus on domestic growth programs that are essential to our long-term growth outlook. We are both excited about our future." Jack Brown also stated, "In our operations at PayPro, Inc., the public can be assured that we will continue to implement the programs, policies and methodologies that have made ChexCard an industry leader for the last five years."
For further information now on PayPro, Inc., please visit our website at www.mybankcard.com.
About PayPro, Inc.
PayPro conducts debit card operations throughout the United States and in five countries including its domestic operations. The Company's stored value debit cards are sold under the brand names CHEXCARD(R) and MYBANKCARD to businesses, governmental agencies and individuals. The MYBANKCARD and CHEXCARD(R) products are revolutionary new ways to handle your financial independence. These stored value debit cards are not credit cards. The cardholder has no interest to pay, no monthly credit card payments to make and no credit approval requirements. Each of these stored value debit cards are full function VISA and MasterCard Bankcard products, yet the cardholder does not have to have a bank account to qualify for the cards and no credit checks are required.
NY Crude >$70 cruddy Nat gas Limit Up eom
Izone says 4 or more in 5 days
What is a pattern day trader/pattern day trading account?
What is a pattern day trader/pattern day trading account? Any margin account that executes four or more day trades/round trips within a rolling five business days has shown a pattern of day trading.
PDT situation
No expert but think if you were Long prior day, sold in am,
bought SAME stock at 2 pm, sold it at 3:55 pm that would
count as 1 day toward PDT count of 4 rounds within 5 days.
But if Long prior day, then sold half at 1pm and second
half at 3 pm then not counted as two or even one since was still SAME stock Long from overnite.
Pretty sure selling pieces of same stock, same day won't
kick back (not 2 rounds since still same stock).
But buy & sell partial same day, in 2 DIFFERENT stocks, yes that's 2 counts toward getting PDT status in that 5 trade day window. Won't kick in PDT alert unless you continue to raise
the PDT count to tipping point within the window.
Would have to lay off for a few days or just hold overnite
and sell, buy only (if same stock) next day.
Oh and rem that this applies to pre & post aft hours. Trades there are counted as if part of the regular day so can't avoid
it that way. Best to get margin accounts in kids' names, wife, mistress, and pet doggie. g/l
look at OTCbb for info SSWC.OB now
Uncertain whether other 2 spins will get .OB status.
Rem 'standards' are bit higher for .ob than .pk
SSWC.OB
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/29/2005&mkt_ctg=OTCBB
Katrina bit Knobias
Hurricane Katrina Temporarily Interrupts Knobias, Inc Services
Tuesday August 30, 9:45 am ET
RIDGELAND, MS--(MARKET WIRE)--Aug 30, 2005 -- Knobias, Inc (OTC BB:KNBS.OB - News) announces that many of its services have been interrupted, due to the devastating effects of Hurricane Katrina. Knobias wants to assure our customers that everything possible is being done to restore service.
Knobias is directing all questions to its New Jersey Sales office, which can be reached at 201-451-2372.
About Knobias, Inc.
Knobias, Inc. provides complete financial information solutions for institutional market participants, corporations and industry professionals. By receiving early and accurate proprietary information, our clients are allowed to monitor and trade more successfully. Actionable data is delivered via high-quality applications consisting of proprietary products; analytics; streaming information; financial data; fundamental research; and third-party research. Whether you are interested in small cap or the broader markets, we have the tools, information and knowledge you need.
BUGS 8/29 S-8s from Post-S8 iHub board
http://www.investorshub.com/boards/board.asp?board_id=1605
8/29/05 S-8's
LRCX - LAM RESEARCH CORP
ENDE .OB - ENDEVCO INC
IFNY - INFINITY INC
GBX - GREENBRIER COMPANIES INC
ULCM - ULTICOM INC
CMVT - COMVERSE TECHNOLOGY INC/NY/
CUZ - COUSINS PROPERTIES INC
NGEN - NANOGEN INC
AEMD .OB - AETHLON MEDICAL INC- 2 million S-8
BUGS .OB - US MICROBICS INC -50 million S-8
CDNC .OB - CARDINAL COMMUNICATIONS, INC -30 million S-8
rem JC admitted late to CPST eom
Cramer worships PRRM ADVC ICAN IVOC CWMF...LOL eom
Thanks guys. Nice idea!
I'm not currently in an of the ones posted but helpful to be
aware of their condition. Always looking for a correlation
among companies' filings and share price action.
Funny, tried low-rated BarCharts in '90s
Looked as those a lot back then when in the huge market
uptrend. Those pigs never popped. Just remained dead. I
mean dead. Think a 10 about low. But if a stock does have
an audience, then a move from say 40s to 85+ rates power.
Might also look at stockscores.com A stock coming up into the cross 60s+ range is showing strength. The free weekly newsletter illustrates technique and some not bad, tho few, search found picks. Often work out even if they are usually below the general radar.
-------
I was just gonna ask Jerry to find me a few that had horrible ratings. Might be a way to spot bottoms??? Does BarCharts ever give a 0 rating?
break 100M 2 days row - be nice! eom
IVOT DPFD new head Meller runs TRBY
News for 'IVOC' - (DJ IVoice Tech Names Mark Meller CEO, CFO, President >IVOT)
WASHINGTON (Dow Jones)--IVoice Technology Inc. (IVOT) said Monday that it named Mark Meller as its new president, chief executive and chief financial officer to succeed Arie Seidler who resigned last week.
The former subsidiary of IVoice Inc. (IVOC) said in a filing with the Securities and Exchange Commission that Meller is also chief executive of three other companies, Deep Field Technologies Inc., Trey Resources and Bristol Townsend & Co.
IVoice Technology said it will pay Meller an $85,000 annual compensation package, of which $65,000 is deferred until the board determines that the company "has sufficient financial resources to pay the deferred compensation in cash" or chooses to pay Meller in common stock instead.
-By Nicolas Brulliard; Dow Jones Newswires; 202-862-1351; nicolas.brulliard@dowjones.com
(END) Dow Jones Newswires
August 29, 2005 18:53 ET (22:53 GMT)
Copyright (c) 2005 Dow Jones & Company, Inc.- - 06 53 PM EDT 08-29-05
SSWC from .pk to .ob 8/30 ?
IVOC recent spin-off. 1 of 3 pinks.
I think that what the OTCbb posting means today at 3pm.
That's a very good thing if so.
15:25 SSWC SpeechSwitch, Inc. Class A Common Stock 08/30/2005 From NBB (SSWC) **
SSWC from .pk to .ob 8/30 ?
I think that what the OTCbb posting means today at 3pm.
That's a very good thing if so.
15:25 SSWC SpeechSwitch, Inc. Class A Common Stock 08/30/2005 From NBB (SSWC) **
TRBY: mechanism attracting 'bagholders' LOL eom
TRBY: managing our shareholder investment. LOL
TRBY Notification of Shareholder Meeting for Torbay Holdings Inc.
MINEOLA, N.Y., Aug 29, 2005 (PRIMEZONE via COMTEX) -- During the next few days, shareholders of Torbay Holdings, Inc. (OTCBB:TRBY) will be receiving a shareholder proxy asking them to vote on the issue of increasing the authorized shares of the Company from 100 million to 250 million shares.
The Company's advisors had initially recommended an increase in authorized shares to 500M from the present level. However, after carefully considering our short term funding requirement, it is apparent that 30M would cover the Company agreements now in effect, and could raise $1.65M. The reason for the proposed increase to 250M relates directly to the economy of the exercise, in that the overall process cannot be justified without adequately providing for the future, no matter how far forward that may have to be projected. More immediately, this move would facilitate us being able to market several products which have been under development during the past few months.
A. Gordon Lane, Chairman of the Board, stated, "Any public company needs access to an adequate supply of assets in the form of stock, to provide it with a necessary mechanism for attracting investment, thus allowing the directors an opportunity to make our business a success. We are asking our shareholders to join the Directors in being a positive part of this decision making process.
"The Company is not merely seeking to raise the number of authorized shares, we are managing our shareholder investment. It being in all of our future interest, we are asking our shareholders to support this Proxy. In order that we may discuss this action with shareholders, we are hosting a shareholder meeting to coincide with the vote. Raising our A/S is but one act that shareholders can positively perform to help ensure that Torbay Holding's plans for the future may be realized."
SOURCE: Torbay Holdings Inc.
By Staff
CONTACT: Torbay Holdings, Inc.
A. Gordon Lane, Chairman
(516) 747-5955
(C) 2005 PRIMEZONE, All rights reserved.
110M vol 2:30pm NO 'canes eom
is PRRM the new CMKX? Vol Alert eom
CWMF way up Vol past 10 days too
Past 6 green bars after 2 big sized red dump ones.
fwiw GFYDE on theLion Buzz Index now.
Consider PRRM was just here too.
http://www.thelion.com/bin/forumlist.cgi?cmd=roar20
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Yes if short & divy then you pay it
Long still gets divy. One more disadvantage to shorting.
Course if you are Canadian or a hedgie then can short <$5
so rarely face a divy payout. Best those can do is a non
cash divy like 15 for every hundred. Tho now & then some
thing like CWMF.pk changes their 100:15 to 100:50 and that
might bite a short.
This it is best to get some really strong trading experience
under the belt before shorting.
One good rule that I've found that holds up (in a declining
bear market) us to short the weakest stock in the weakest
sector. They fall first and hardest. Strong one goes last
and least.
Unless a hedgie, shorting takes margin account and you know
that song. Best to look for a damaging news event -- SEC
investigation, accounting "irregularities". Total best is when
CEO or CFO can't be found and left behind a wife and kids.
http://www.investopedia.com/university/shortselling/shortselling1.asp
Most of the time, you can hold a short for as long as you want. However, you can be forced to cover if the lender wants back the stock you borrowed. Brokerages can't sell what they don't have, and so yours will either have to come up with new shares to borrow, or you'll have to cover. This is known as being "called away." It doesn't happen often, but is possible if many investors are selling a particular security short.
Since you don't own the stock (you borrowed and then sold it), you must pay the lender of the stock any dividends or rights declared during the course of the loan. If the stock splits during the course of your short, you'll owe twice the number of shares at half the price.
Also, because you are being loaned the stock, you are buying on margin. In fact, you have to open a margin account to short stocks. Your broker will charge you interest on the loan and you are subject to rules of margin trading.
AAMI.ob hammer w/ a bullet! .09 +.01
Check out today's candle for one heck of a tail. Low cost
penny bullet maker that has lot of Latin American military
contract, a few US ones, going into Canada. 'Green bullet'
that is lead free for environ friendly firing ranges. As
Cramer says, most bullets are used in practice, 95%.
1 warning - Revs 2X but losses means still unprofitable
2 warning - got lot converts overhanging 330M AS 90M OS
3 warning - has had pending 1:10 RS for few months now so
it's been asleep compared to prior fast moves.
Hasn't done much in PRs or contracts lately but tends to go on
those as they are business positive ones, not negs. Also
sells directly to dealers and buyers helps cut middle market and
they are expanding product output.
Note hammer comment:
http://www.investopedia.com/terms/h/hammer.asp
The signal does not mean bullish investors have taken full control of a security, it simply indicates that the bulls are strengthening.
Fischer-Tropsch coal plant = $32 ppb oil
Montana's governor eyes coal to solve U.S. fuel costs
Thu Aug 25, 2005 01:55 PM ET
By Adam Tanner
HELENA, Montana (Reuters) - Montana's governor wants to solve America's rising energy costs using a technology discovered in Germany 80 years ago that converts coal into gasoline, diesel and aviation fuel.
The Fischer-Tropsch technology, discovered by German researchers in 1923 and later used by the Nazis to convert coal into wartime fuels, was not economical as long as oil cost less than $30 a barrel.
But with U.S. crude oil now hitting more than double that price, Gov. Brian Schweitzer's plan is getting more attention across the country and some analysts are taking him very seriously.
Montana is "sitting on more energy than they have in the Middle East," Schweitzer told Reuters in an interview this week.
"I am leading this country in this desire and demand to convert coal into gasoline, diesel and aviation fuel. We can do it in Montana for $1 per gallon," he said.
"We can do it cheaper than importing oil from the sheiks, dictators, rats and crooks that we're bringing it from right now."
The governor estimated the cost of producing a barrel of oil through the Fischer-Tropsch method at $32, and said that with its 120 billion tons of coal -- a little less than a third of the U.S total -- Montana could supply the entire United States with its aviation, gas and diesel fuel for 40 years without creating environmental damage.
An entry level Fischer-Tropsch plant producing 22,000 barrels a day would cost about $1.5 billion, he said.
The Democratic governor of this Republican state said he had met with Shell president John Hofmeister, General Electric's CEO Jeff Immelt, as well as officials from the Department of Defense, and the Burlington Northern Santa Fe Railroad to discuss his proposals.
Schweitzer added that the recently passed federal energy bill includes an 80 percent loan guarantee for a Fischer- Tropsch plant.
A former cattle rancher who lived for seven years in Saudi Arabia working on irrigation projects, Schweitzer is also seeking energy deals with other states, especially California.
California "says they need 25,000 megawatts of electricity during the next ten years," he said. "We'll give you a delivered price and we'll forward contract that for the next 20 years.
"Transmission companies from England, from Canada, from all over America are coming to my office and saying 'we'll build these transmission lines as soon as you have the contracts to build the generation."'
© Reuters 2005. All Rights Reserved.
PRRM #10 ahead CMKX on The Lion
hmmm Well certainly is getting in front of some part of the
active trader community!
Sooner or later.....
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What's up w/ Vols lately! radar eom
Thanks for those thought. May it be.
Haven't ever seen a share structure get such a treatment
to reduce a large OS but then anything is possible in land
of overlooked subs.
Personally I'd rather see some kinda PR connected to one of
PRRM's subs like AXIG.OB (old AXAI) had this am.
Still will wait and see. Thanks again.
Looking at another 500k at 0001 MCGI.
PRRM on Stock Buzz Index The Lion
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