Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This is the way it works. ALL, THAT IS ALL penny stocks are scams. When people finally figure this out then at that time the penny stock markets will cease to exist and all will be right in the world. Penny stocks are SCAMS folks, stay away from all penny stocks, the CEO's of these start-ups will tell you any thing to get you to buy stock. I say again, STAY THE HELL AWAY FROM ALL PENNY STOCKS.
Did you get a reply from your new entity? How many years will it take before the rat who started this mess is found? I stopped investing in everything, to many rats out there.
All your hard work on the site I;m sure is appreciated by many of us but with no new info to talk about interest in Hemi has come to a standstill. I think people just want to try to forget how they were taken advanaged of and scamed by Keith, hopefully some day he will get what he deserves. GLTU
I do not see what is so surprising about the outcome of Hemi. This is what happens when a CEO like Keith Anderson sells all the assets of the company that were purchased with shareholders money and goes off and hides in a hole in the ground somewhere. The guy is a thief, plain and simple. What needs to be done now is he needs to be found and held responable for stealing from his shareholders. If you know of his whereabouts let the board know.
I"m sorry you had to part with your Hemi caps, that must have really been a bad day for you.lol You should have kept them around just for a reminder not to listen to scam penny stock CEO"S in the future and that covers about all of them. Live and learn the hard way so that you never do it again is the way that I see it. Let's just hope that KA"s past catches up to him someday so that we get our just reward.
It does not seem to matter what board you read, always the same. Stocks not trading, can only sell not buy, cannot get any DD, CEO cannot be located. Get in and get out quick before everything comes down, penny stocks are all a scam folks, the stories are all made-up to get your money. What a joke.
RIGHT!!!!
MM2 was that you that bought 800,000 shares today?? Ok, what do you know that I don't? Is KA starting-up the company again? lol
I remember those days and thought HMGP was going to be a great investment. How sad it is to see where things ended-up. I will say that it broke my spirit and my belief in penny stocks. Most are all scams and is a great stock to DD for those thinking about buying into this world of crooks and thieves. The CEO"s can tell you anything whether it is true or not and then sell all the assets which shareholders have paid for and walk away with the money. It's all a scam folks, stay away from penny stocks.
Why not send an email to the network manager letting them know they may have a crook among them that a lot of shareholders would like to get their hands on. Better yet, why not a couple hundred people send one. LOL
Just took a look at the Dow, down 400 points. Grab your undies Ma we are headed for the shelter.
It is really getting bad when banks charge you just to hold your money. I'm making next to nothing on my accounts now, guess I will have to start putting it under the bed.
Bank of New York Puts Charge on Cash Deposits
Published: Thursday, 4 Aug 2011 | 12:37 PM ET Text Size By: CNBC.com with Reuters
Twitter LinkedInMore Share
The Bank of New York Mellon, citing an overwhelming influx of cash deposits from large clients in reaction to world economic events, said Thursday it will begin passing along some insurance fees on selected accounts that exceed a depositor's prior monthly average.
Getty Images
--------------------------------------------------------------------------------
Banks typically welcome deposits as cheap funding that they redeploy into loans and investments, but BNY [BK 23.87 -0.78 (-3.16%) ] said the recent flood of cash is affecting its capital ratio and insurance fees.
"The transient nature of these new deposits prevents us from investing our balance sheet to cover the costs incurred from sudden and significant increases in U.S. Dollar Deposits with BNY Mellon," the bank said in a letter sent this week to clients.
The bank urged clients to reduce their deposit balance and "to consider a variety of cash investment options to minimize any effect on you."
The fee will apply to certain accounts holding greater than $50 million "per client relationship."
Traders cited this as fueling demand for U.S. Treasury billsand pushing one-month bill rates near zero.
BNY Mellon said the fee of 0.13 percentage point will take effect on Aug. 8 on certain deposits whose monthly average balance is greater than $50 million.
"Recent market events such as the Greek debt crisis and the uncertainty created by the handling of the U.S. debt ceiling have caused many of our clients to alter their cash management strategies," BNY
A very interesting post I copyed from another board. It sounds to me like some day no one will be buying shares of HMGP again if this takes hold.
Interesting article for those having trouble trading CPRKQ and other sub-dime stocks.
Micro Cap Stock Crisis and What You Can to Avoid it
by TomAllinder on July 17, 2011
Over the last few weeks a lot has happened in the micro cap world. Probably the biggest thing is the fact that one of the largest clearing houses, Penson Financial Services, will no longer clear stocks under a dime.
A few weeks ago, Penson put in place a new policy that essentially paralyzed all stock deposits, clearing and what have you for sub dime stocks. This new policy is across the board meaning no certs, no DWAC, DRS, ACAT or any other method for any stock under a dime.
Obviously this does not affect companies that clear elsewhere… yet. Rumor has it that other big houses will follow suit.
There are two big impacts of this policy…
The first is self explanatory and we have already covered it; no more stocks of any kind under a dime through Penson. The second however is that many of the bigger online trading firms clear through Penson. This means that if a trader or investor who uses one of the big online brokers and they clear through Penson, that trader or investor cannot purchase shares of any stock trading under a dime.
How to get around this?
For the big online trading firms, if they expect to keep all those commissions they earn on the numerous daily trades on the thousands of Pinks and OTCBBs that are under a dime, they are going to have to clear these elsewhere. This may or may not happen and if it does, it will take a while. The only way to buy and sell stocks under a dime is through smaller firms and full service firms. Being that most of the action on these low priced stocks are by traders and especially day traders, that will not work well. Day trading and having to use a phone is like asking a neurosurgeon to do a delicate procedure wearing welding goggles and gloves.
I have spoken to individuals at many of the big Financial firms in NYC over the last several weeks. They are already moving to smaller clearing firms or setting up their own clearing in-house. It might surprise many to know how many big financial firms in the Big Apple deal with small stocks. There is too much money to be made to let the sub dime stocks fall by the wayside.
There is a caveat however… and here is the biggest point I will make in this article:
They will only take stock of companies that are FULLY REPORTING and DTC eligible. They do not care what the price is as long as the company is fully reporting.
In other words, there is a big weeding out underway right now.
Speaking of DTC eligible, those companies that have lost DTC eligibility are going to get weeded out too. Why?
Stocks that are not DTC eligible run a strong risk of having trading of their stock suspended by trading firms because of the expensive administrative nightmare it causes. What makes this even more painful is if the stock suddenly gets good volume. That volume will dry up as trading firms suspend trading in that security.
When a stock is not DTC eligible, all the week’s trades have to be settled through PAPER CERTIFICATES; it is expensive and time consuming and most trading firms do not have adequate resources to handle this especially on high volume stocks. To compound the problem, the traders of that stock receive an unpleasant statement the following month because the costs of the administration of non-DTC eligible stocks are passed on to the people who bought and sold the security. This can amount to several hundred dollars for each trader/investor.
If a stock is DTC eligible all transactions are handled automatically and electronically.
More on DTC eligibility…
One of the best ways to lose DTC eligibility is to register stock in any other form than an S-1. Many Pink Sheet and OTCBB companies are still doing things like 504s which is severely frowned upon by the DTC.
Many companies that have done a reverse split over the last year or so have had their stock “chilled” (non-DTC eligible) by the DTC. The reason they are getting chilled is because right after the reverse split takes place, the company registers more shares (usually through a 504) for sale. This pisses the DTC off and they chill the stock and no matter how many resources the affected company throws at the DTC, they continue to be chilled and the DTC becomes less responsive.
So the conclusion I have drawn is simple:
If you want the stock of your company to keep trading, become a fully reporting company and register new stock the way the DTC wants it done.
While these issues have caused much grief lately, I think for the marketplace overall it is going to be of great benefit to both the surviving companies, investors and traders.
We all know that many if not most of the Pink Sheet and some OTCBB companies out there are nothing more than ATM machines for the management team and their “investors”. Those companies that have no money and no business will be left in “no man’s land”. Those companies that do clean up their act and become transparent will stand a much better chance of succeeding in business and in the marketplace. The pool of investors and traders will remain the same or grow while the companies to select from will be far fewer in number.
There will always be sub dime and sub penny stocks to trade and invest in, there will just be fewer and the companies will be more transparent.
Patience will be rewarded ...
I am sure that there are a lot of people following this board to see how things turn out for you guys. You don't see people fighting back at the crooks that are out there taking advanage of the little invester. They usually do as they want and not much we can do about it. I hope you guys win this fight and maybe it will show people that sometimes the little guy can win. In a couple of my stocks the CEO sold off the assets and went into hiding and can't be found. GLTA
A word of warning to all that may think penny stocks are not risky. Seven years ago I retired and had a little money to play with, I bought 12 penny stocks that I thought looked to be a good investment.I fugured at least a couple would make it. Today all I have is a lot of worthless shares in my account. I know, your saying this one is different, will, it may be, but I thought the same about most of mine. What I am saying here is to be carefull when you buy any penny stocks, I would say you have about a 99% chance of losing your money.GLTA
I don't think you could sell them anyway, NO volume. We will both be sitting on them maybe forever.
I see no problem asking a family member a few direct questions about Keith. They can either answer or not, no big deal. Lets get real here, unless ofcoarse you are trying to protect Keith, it does make one think just which side the three of you are really on???? Let"s find out where Keith is at and whats left of the assets and stop playing these games. Make the call.
I agree with you Reazo, Hemi did not start out as a scam.
Me, everyone else took the last bus out of town.
This is what appears to happen with most of the penny stocks. Ceo sells assets that we have paid for by buying the stock and they disappear never to be heard from again. They sell us a story about how great the company is doing and in time we find out it is just a POS but it is to late for us to get out without a loss, so we hang in there until it is to late. Yep, you guessed it,you have been taken by a scam. This scam works over and over again because there is no one to stop them. Ain't life great with so many honest people around. Live and learn.
Could only find key people in xto and not all officers,where did you look for this info?
Hemi was up 500% today, lets hope alry does the same someday.
I could not have said it better, Jagman, and anyone with good common sense will stay away from the pennys. Its a game that the crooks play to get your money and they are a lot better at it. It is when you think that you can be smarter than them is when the problems start. You cannot outsmart liers and cheats because they always have the upper hand. GLTU
Thats my point, penny stocks are for game players, not for investors, there is a difference. Investors are fed-up with the games in penny stocks and stop investing in them. Down the road when these start-up companies really need the investors to get involved there will not be any around. The whole system will fall apart and in my way of thinking thats a good thing. Maybe at that time we can come up with something that is above board and really works. Until that time comes I"m done with the games.GLTU
It looks like Keith took everybody into hiding with him. What is going on with HEMI these days? Anybody
I have been in ten penny stocks in the last four years. I have lost money in all of them, not a very good record. What have I learned: stay the hell out of penny stocks.
Have you been able to get on Cowboys new site??? I have not, need a password.
NO, I will not forget about my lost money. We need to find Keith. There will be no ending to this story until we find out for sure that the assets are gone.
USC Cowboy keep up the good work. If I had anything to send you I would. I think most others are in the same boat. Still hold a million shares in my account. Good luck with whatever you can find out about KAA.
Lets hope so..
Actually, I'm glad your here Badge. I know you like to get involved with your investments so maybe you can help in finding out whats going on. GLTU
Holy Cow, Badge bought in, going to sell tomorrow, everybody knows Badge is bad luck.lol
It appears to me that your plan is sound and you should follow- thru with it. Myself, I am small time. Getting Larry to agree to meet may be a problem. Good luck to you.
When you start asking the hard questions, thats when they disappear. I think if he would bother to read the older posts he would find that you did what you could to support ALRY.
It takes a little time but we all learn to hate CEOs. They all use us for a little spending money and if things don't work out, oh well, thats the way it goes. With NG ON THE RISE I just wonder how mush ALRY has on their leases that they still own? This could get interesting say a year from now if they are sitting on some NG. You don"t lose til you sell, what the hell, it"s not worth anything down here anyway.
The new healthcare bill
Device Makers
Fees for medical device makers such as Boston Scientific [BSX 7.12 0.05 (+0.71%) ] and Medtronic [MDT 44.75 -0.42 (-0.93%) ] would be delayed until 2013 after initial bills called for 2010. The sector earlier won a reduction in an industry tax to $20 billion, down from $40 billion.
I wonder how this turned out:
Allenergy, Inc. (Pink Sheets: ALRY), an independent oil and gas producer focused on Southeastern Kansas, has completed a strategic review of its 12-property portfolio and identified four leases for further consideration after receiving indications of interest from potential purchasers.
"We evaluated Allenergy's leases on the basis of realizing value for shareholders," said ALRY CEO Larry Sanford. "Four of our properties have attracted prospective acquirers, and we will now formally start responding to them
Thank you, found it.
Web site is down, maybe not a good sign. Or something is coming.
I think Hemi's pps is worth .01 and the person who is buying also thinks so. Without a pr I doubt we go much higher tho I hope I am wrong. If we stall here for to long there may be some selling.