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I wouldn't call it meaningless. Just another example that the MM's can pretty much do what they want, when they want to on the pinks'. It will be nice to look back in 6 months when 'normal' trading on the nasdaq is taking place with PSPW. Then again, I've seen some nasty tactics on the big boards with FDA plays. It's all corrupt!!!
Ah the 16:00:33 paint job. They got away from that for a few weeks. Looks like the old tricks are back.
Nice spread. Or lack there of. Go PSPW!! Soon ladies and gentleman. Just look at the majority of POS in penny land. If this wasn't the real deal, don't you think we would be back in the teens by now??
IMO the OTCQX seems to be for those companies (for whatever reason) aren't willing or don't meet the criteria to move to a higher exchange. If your PSPW and currently playing AA ball (OTCQB), why make a pit stop in AAA when you don't have to. Head right to the big leagues! I never quite did understand the purpose of the QX tier.
At the rate they could be cranking out power/revenue, that just may be the case!
And to be fair, 20% of revenue will be scraped off the top as per the terms on that 50M loan
Not only is the PSPW board informative, it's rather entertaining wouldn't you say?
It's all good my friend. I enjoy me some good back and forth banter every now and again. We were talking about two different things, and with all this legal/filing mumbo jumbo, the terminology can be confusing. It's just that I have read folks on numerous message boards comment about shareholder of record stats. Add up all the common brokerage firms, add a few extra for 'old school' peeps who have certificates, and I'm guessing you get 'shareholder of record' figures 10-25 range for most OTC's. It's not a coincidence that they all have similar figures.
On a another subject, I'm curious as to why 3Power stated the merger will happen first with Seawind Energy Limited, followed by Seawind Intenational.
I was simply making an example to illustrate the fact that the 'shareholder of record' figure on filings is not a true value like most think. Just reaffirming my position as I was accused of 'not knowing what I'm talking about'. Folks are thinking that the 11 shareholders of record on the 10-K is an old figure, when it is probably correct. When shares are held in a brokerage account (TD, Scott, Zecco, etc.), the brokerage is the 'shareholder of record' and the individual is the 'street name/beneficial holder'.
The following is taken from www.wikinvest.com:
What is the difference between a shareholder of record and a "street name" holder?
If your shares are registered directly in your name, you are considered the shareholder of record with respect to those shares.
If your shares are held in a stock brokerage account or by a bank or other nominee, then the brokerage firm, bank or other nominee is considered to be the shareholder of record with respect to those shares. However, you still are considered the beneficial owner of those shares, and your shares are said to be held in "street name." Street name holders generally cannot vote their shares directly and must instead instruct the brokerage firm, bank or other nominee how to vote their shares. See "How can I vote?" below.
Broker account shares are called 'street name holder'. That's why you always see these crazy low 'shareholders of record' values.
Street Name
Ownership of shares which are held for the benefit of the shareholder in a brokerage account, and are not reflected in the shareholder's name on the records of the corporation. See also Shareholders of Record.
Do a bit of research.
http://www.transferonline.com/index.cfm?action=glossary&pathid=26
Shares in a brokerage account are refered to as Street Name Holders
Street Name
Ownership of shares which are held for the benefit of the shareholder in a brokerage account, and are not reflected in the shareholder's name on the records of the corporation. See also Shareholders of Record.
Shareholders Of Record
Shareholders whose names actually appear on the records of the corporation from which the shares are issued. See also Street Name.
A PR detailing a timeline and there's your buck fifty!!
Represent PSPW MAC style. CMU alumni here.
Shareholders of record is a misleading figure. That only accounts for those who have the (physical) certificate in their name. 98% of shareholders have their equity in brokers accounts. That's why you never get notice of meetings, voting, and other proxy stuff in the mail. Did anyone on here get a notice of the shareholders meeting yesterday? The exception to all of this I believe is when a company offers dividends (cash or stock equity etc.). They route the dividend to the broker, and the broker passes it along to our accounts. I woundn't be suprised if PSPW has 1000+ shareholders.
Great EOW everyone! Made up for the weeks losses and then some. 1. Up 660% YTD. 2. Every pullback is minimal and short in duration. 3. A company that does what it says and when it says it will. 4. A ridiculously low share count (now and post merger). If your not convinced by now this is the real deal, then there may be no hope for you. It's hard to find pennies that are in the green on such a consistant basis (9 of the last 12 weeks for those keeping score at home).
My uneducated guess is we hear something official concerning a timeline to merger and project information Monday the 25th after Easter and the long weekend (and 4 trading days next week).
We need volume in the 300K range like the past few days. Without it, I think we drift back down to the mid to high 60's.
I gotta think that bid will creep up towards the 70's and not the other way around. Regardless, the time for games is nearing an end. This will be a great summer in PSPW land.
Time to get + for the week. I think that was a mini shakedown the past few days, with some covering.
OTC Pink Limited Info
http://www.otcmarkets.com/stock/egoh/quote
And did you see their filings, on company letterhead. Can't even follow the standard SEC format.
I hope not, but the activities of the past few months by Wilmont have been shady (even for pinky standards)
Today we see how diluted this stock has become
Buy/Sell data are estimates only based on the bid/ask. If you buy at bid, it will show up as a 'sell', sell at ask='buy'. IMO it means squat.
Jan. 10th, 2008
On January 10, 2008, Victoria Vynnyk sold all her 4,000,000 shares of our common stock to Rudana Investment Group AG, resulting in a change in control of the Company.
With the float as small as it is, I think those that got in recently may have been put off by the pullback and sold. This allows the MM's to drop the $$ accordingly. Add that to those who got in under .25, and the smart thing to do is take some profits off the table. The 'big money' so to speak, bought up middle of last month. I think the 2nd wave of big buys will come towards the $1 mark (assuming the merger happens as planned).
Got me a couple more thousand. They can only keep this down for so long.
Ha! Thanks for the early AM laugh. What ever became of Bud? Oh yeah, he's crazy.
Good call. That's the first chart in a long while that I can remember playing out as predicted.
With all the nonsense showing up on this board the past week, I am even more sure about PSPW. Enjoy the last few weeks of this 'penny mentality' amd associated comments. Take a look at a few of the message boards of NASDAQ/AMEX stocks and see what we have to look forward to. Time to get out of the bush league and up to the majors boys and girls!
That's what makes trading down here in pinkie land so much fun, speculation!!!!! I doubt they would get everyone (important everyones) together in person to just make official executive appointments. This was bound to have some pullback after last week. MM's last chances of a shakedown before $1 and above.
Fluff PR. These guys are better than this. I would prefer they said nothing until one of their clients is ready to be traded (as in the morning of when it's official). These are baby steps, and not something to issue a PR about.
Great find!!! This is pretty much signed sealed and delivered.
MODS: Save this board!!! Yikes, what an ugly night here. Maybe it's all a bad dream.
I would be interested to know what the average timeframe is for an overseas company to be listed on an american exchange. The wait here with Wonder and Tsindga has been painful. I realize that this is a new endeavor for Eastbridge, but folks were expecting a listing this time last year. I like what EBIG is doing, and hopefully they have learned the 'tricks of the trait', and that future IPO's will be not be this drawn out. The one problem I have with manangement, is that they did not properly map out the process for taking their companies public. This whole '3 SEC clearances for Tsingda's registration filings' was never mentioned by Keith or Norm last year. Either they were unaware, or unwilling to share a realistic timetable with us.
I think we inch up towards the 'magical' $1 mark around the 14th. Then it's a whole new ballgame once everything is official. The writing is on the wall with this one.
Here comes the volume.........
If they were going to dilute, don't you think they would have done that when this hit $1 last March or $4 in August 2008? They haven't touched the share structure in years which is pretty much unheard of in pennyland. Even with the new AS count, I think the OS will be in the 100-120 million range post merger which may seem like alot now, but will be nothing once financial numbers are made public. NASDAQ listing by end of summer IMO.
$17K in shares traded is not what I would call 'very heavy' anything. FYI: 1/3 of that were my BUYS today.
That would be me. Thought I would sneak into this party before the festivities.
That's me trying to top off my heaping pile of shares before the fireworks.