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BBDA is like a dying star collapsing on itself.
Except in the universe, there is no SEC.
I got my order in already:
1/7/2014 Buy 1,000,000,000 GTC $0.0000
Why? Because there's a lot of coin to be made between .0008 and .0000
Ask Chad about the Gangs of NY
I believe there are shareholders from a certain affiliate company that are spreading the wealth around, imo.
Tap those .02s tomorrow? maybe.
Or maybe Coats just hot himself a new Honda.
http://www.sec.gov/Archives/edgar/data/104375/000010437514000001/xslFormDX01/primary_doc.xml
Looking for some news to break this into the next trading range.
Players are going to be giving those 2s back tomorrow. Get out breakeven, preserve that capital, and move onto the next. no?
Giggity...
Increasing sales revenues from the distribution of DVDs and Blu-Ray products to Walmart and Redbox have improved Hannover's cash flow over the past year, diminishing the need for significant debt-conversion activities. Additionally, the company's recent entry into major feature film development (and international presale activities) is providing new revenue streams for operations and payables management.
$NOHO - 2.5B --> 5.0B A/S increase
http://www.sec.gov/Archives/edgar/data/1080602/000108060214000001/pre14c162014.htm
Any get an updated O/S from the transfer agent today?
No, I'm not, yet.
What I'm suggesting is that charting goes out the window when there's now the potential for the supply to increase by 125%.
Sign us up for an offering where our shares convert at 50% of the lowest trade (or sometimes the lowest bid) during the past 30 trading days. I'll call it Bank of the Goose, lol. Of course the contract will contain contingencies if the stock drops too low. And by law, my bank would have to charge a reasonable interest rate.
"No, the debt is usually real"
Me taking a mortgage out to buy a house is real. A bank loan based on collateral is real.
Me starting a questionable company and taking a hefty salary and hiring a promo company is not real. Me borrowing $10K from a partner's friend for 50mm shares at .0001 and him giving me back 90% of the profits under the table is not real.
Fabricated debt is one of the key components of these frauds.
Ahh. Now I see where you're coming from.
I was viewing it from the perspective of the securities laws being broken at the point that shares were being issued by a company to the toxic financiers based on fabricated debt.
I thought that's how most of these stocks rolled.
This all boils down to a proactive vs. reactive solution.
"It isn't that they're issued fraudulently;"
Usually they are. Or we wouldn't have an issue with them being freed up prematurely no?
"I have yet to hear legitimate reason(s) why TAs (and consequently public companies) should not be required to make share structure transparent."
I'm on your side CBM.
Integration across many disparate cocktail napkin companies is not an easy task, however.
And yes, the key is a mandate, which might be the hardest part.
Small steps forward are OK with me.
And let's not forget that when somebody wants to free up stock, the transaction must be reported to, and authorized by, the company.
$VIVK - BS senses are tingling, lol. Sounds like the FB IPO.
Vivakor Announces Completion and Over Subscription of $5 Million Offering
At least FB didn't raise their OS from ~20mil to ~700MIL 6 weeks ago.
http://www.otcmarkets.com/stock/VIVK/news/Vivakor--Announces-Completion-and-Over-Subscription-of--5-Million-Offering?id=73859&b=y
EDIT: A fully diluted $315,000,000.00 market cap seems justifiable, no?
What I feel is most important is to have them file every opinion letter they act on. It'd be easy to set that up on Edgar. Could be done as a separate category, like insider filings.
Guy,
The AS just got raised from 2.5BILLION to 4.5BILLION
Turn your chart upside down.
The worst part about it, is that Moron still had 500mm shares left in the A/S to sell.
That's what I call premature-increasulation.
For whatever reason, the SOS just published it this morning.
CBM,
Yes, the public facing part of the web development effort is fairly trivial. I would be happy to undertake the tech side of that effort.
However, the integration with every TA is the difficult part (unless mandated by the 'authorities')
After all, most TAs down here want to turn a blind eye in return for business, no? Publishing facts would disrupt their business models.
Thanks for the links Mr. Bake.
I certainly enjoyed reading your comment. And that comment was spot on.
-Goose
For whatever reason, the increase just got published on the NV SOS this morning.
The SEC isn't the gatekeeper of the AS. The state SOS is:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=f%252fK8CwY35Rn1xnfb92i4Ig%253d%253d&CorpName=DEWMAR+INTERNATIONAL+BMC%2c+INC.
$DEWM
A/S is now 4.5BILLION, up from 2.5
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=f%252fK8CwY35Rn1xnfb92i4Ig%253d%253d&CorpName=DEWMAR+INTERNATIONAL+BMC%2c+INC.
That's gonna hurt the big Russian.
Also, you would enter a "stop" or "stop/limit" to protect your profits.
Good points. Let me retract part of that.
Reg FD should apply to DTC chills.
If a TDA retail account holder can find out that there's a DTC chill by placing a nominal buy trade on a ticker, it gives them an unfair advantage.
I've seen stocks both chilled and 'un-chilled' during market hours through TDA. It used to be their risk department governing such. Now it seems like they're linked entirely with the DTC.
To your point, the quickest and easiest solution is for the DTC to publish changes during non-market hours.
I understand the position the SEC is in. It's not an easy one. They don't want to alarm the investment community by making a simple inquiry that may lead to nothing.
Their proper course needs to be preventive rather than reactive.
The transfer agent role should be done at (or closely governed at) the federal level. A/S, O/S, terms of preferreds and restricted share eligibility dates should be readily available to shareholders. A/S and O/S changes should need to be announced x business days before they occur. Preferred offerings should be made available to common shareholders first.
The few remaining states that allow registration exemptions should be cleaned up.
Shares are a currency. The Federal government should treat them as such.
You know I'm a dreamer...
Agreed.
TDA eliminating the buying power of 6mm retail customers and only allowing position sells creates a significant (although justified) force on the market.
Only TDA clients have access to this information, and only when they try to put in a new buy order or look at their open buy orders.
Reg FD should apply to the 'authorities' as well.
They're making a small dent though. At least a 100 share buy at .0001 will tell you if there's a chill on.
EDIT: what they could do better is tell you that any GTC buy orders on a newly chilled stock get automatically cancelled.
He's kind of diversified. He's got a risk free cash position.
I hope he's open to all opinions and wish him luck.
I have to give TDA some credit. Their risk department usually does the right thing (whether they're bound by the DTC, protecting themselves, or protecting investors)
Guess Freddie wanted to party like it was 1999.
I can totally see Bank of America or Chase saying - "we'll give you a $5mm loan if you give us 6,000,000,000 shares of your .0008 penny stock as collateral. We don't mind the 6 month restriction. We won't sell any of those shares as long as you make your interest payment"
Seems like common sense, no?
I clearly underestimated Scottrade.
The fact that they called you personally and advised you to sell 1/2 is about as above and beyond as I've ever seen any discount broker go.
"you guys make my gains less"
These 'guys' also make other people's losses much less.
Whoever told you to sell half is a smart SOB. I would also take out a few bucks more for a nice steak dinner for the family.