Moving the Shrimp to Fiji, if the plan works.
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If only there was some way we could verify the OS as of July 21.
He's just putting a cap on the Hedge Fund's profits. If they want to sell higher, they will have to take him out first.
I didn't see the tape. My streamer sucks on that. One MM likes to fill orders with 4900 sh trades, below the radar.
With this spread, the MM can fill a lot of tweeners.
My estimates are more than 2 million per day, so some of it has to be inventory. The 2 you see might just be clearing time.
I wa trying to figure out how to put 1.2 million in a post without sounding like I was bragging.
All they have to do is sell from inventory, and buy at the conversion price. Shorting isn't actually required. Reg SHO doesn't indicate your scenario.
Their cut is already written in stone. After the Slow PO, and a stabilized OS, the price is likely to rise. "From where?" is the $10O million question.
MACD looks real good, too.
I don't put a lot of faith in that on the OTC, but it does look good.
Dilution guys have almost 21 days to lower the VWAP. They can sit back for a few days.
You have to understand that there are technical and mechanical obstructions to converting at the lows. They are only allowed to hold 4.99%. So if they are holding 2.99% prior, they must sell 2.99% to get the lower conversion price.
65% of the lowest VWAP for the 21 day period. (EOM)
Lowest bid price was only valid for the class C conversion up to approximately July 3. All future conversions are at 21 day VWAP.
Edited:
Investing isn't supposed to be rocket science. We shouldn't have to worried about criminal activity like violation or Rule 144, or secret OS information.
If one actually knew it, and trading on the information, they could get in serious trouble. IMHO.
If the OS is above 45 million, that would be almost a 50% difference. I would call that material and non-public information.
The hedge fund traders should require the public release, or "in theory" they can't trade.
The mechanics of how we get it is irrelevant. The "why" is most important.
Why? So certain people can trade on the inside information.
Doesn't sound like an option I would prefer.
Having a TA who doesn't release the info (by policy) is "de facto" gagging. Does it really matter "how" they gagged them, or is it not transparent to make that info available?
It's just a number in a database, should be available at their fingertips, and the call shouldn't take much more than a minute, if that long.
They not only have the count; they also have the name and address and how many shares of every holder who doesn't leave the shares in "street name" at their broker.
No, what I'm saying is that some guy in a corner office thinks up the stuff they told you, and you didn't get the actual share count.
If you have the share count, quit playing around and spill it.
Otherwise, the TA is "gagged" or "not at liberty to say"
LOL. Buy them here and short them in Germany. Make the big $$ if you can convert your DM fast enough.
What's the settlement time on that exchange?
First quarter wasn't good. The Baltic Dry didn't actually turn until 6/20. Won't be a great second quarter, either.
Bottom Line: In 6-12 months, we can revisit post #6034 and have a few Snickers (TM)
Of course they aren't "gagged." It's just "against company policy to release sensitive data on our client's outstanding share count." If they were "gagged," how would they even talk on the phone?
I didn't say they were crooks. I said I had the same experience when dealing with crooks. Sends up a red flag, but doesn't prove anything.
Doesn't change the fact that they are still "gagged" but found a polite way of saying it.
That's a crazy thought. Nobody answered? I had the same experience when dealing with crooks. Every time I write to congressmen, they never reply.
You learn to respect small differences in names of companies when you follow the OTC. It can mean the difference between investing in toilet paper instead of the diamonds you wanted to purchase.
I still think it was quite amusing.
"Gagged" is certainly not the word a professional Customer Service Agent would use.
I was always taught to use more professional words to describe the intimate nature of certain transactions.
Same company, or at least subsidiaries of the same holding company.
The CSA was lying like a political spin personality.
Bottom of that page says "Computershare Limited" Could be a third company.
Also, It's possible two different companies. One "Computershare Trust" and the other is "Computershare Shareholder Services, Inc.,"
B of A lists the first. Box Ships lists the second.
My research shows 16 companies, all OTC and pink, no NYSE.
http://www.otcmarkets.com/research/service-provider/Computershare-Shareholder-Services?id=5793&b=n&filterOn=6&page=1&pageSize=50
"Acting" could be the relevant word here. I used to be a "telephone actor" ie. Customer Service Rep. It's a very fun profession if you don't mind repeated the "company line" over and over again.
What a joke. Had all day to close the gap, then as soon as the bell rings, they close it in AH. Do they know that doesn't count?
On the NYSE, they report the numbers every 3 months.
You can set your watch by some of the "large accelerated filer's"
Judging by the chart, neither does the CEO.
I like to say the Kyros is God. They can put it where they want until the conversion is done.
Some people call it a "Slow PO" Different than an IPO, because it takes a while to be over.
You have to wonder why they are converting so soon. Not even a six month hold, and the "default" terms are so much more profitable. Every conversion reduces the chance of default. The note gets smaller.
I think they can issue smaller notes at reasonable rates, but not Jumbos with a variable conversion rate. I could be wrong.
Another note would be a reportable event. I don't think the CEO is that shoddy, but he's not a real gem, either.
One might note that the toxin was used on the long term shareholders. Unless they do it again after the R/S, the current price is still a bargain.
In such cases, the trend might not be your friend. Management is trending toward killing the shareholders.