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Actually, as I said, you have no idea. All you know is what you've been told in a complete vacuum.
You have absolutely no idea who owns those shares. If those folks decide that tomorrow is a good day to dump them you're not going to see any "huge gains".
In fact, 100% of the float is held by shareholders, as is the case with each and every stock in the entire universe. That's the definition of "float".
I am currently rethinking my Ihub employment application. Maybe I'll resubmit when Paulie leaves.
I believe the TOS report goes to ADMIN. You can always follow that up in a PM to ADMIN if you wish. Doubtful you're gonna get much help on this board.
Ha! It's a bit difficult for me to imagine a $4,000/month mortgage payment for the common man but I suppose anything is possible these days. Then again, I may just be completely out of touch with reality.
Not to mention the the fact that they seem to think they can find $125 per night for a motel but can't scrape together enough for a mortgage payment. what kind of mortgages do these folks have?
Even though this is exactly what I expect from these boneheads, it's still disgusting.
Good Grief! Again???????????
The trading of stocks is a zero sum enterprise. For every dollar made, a dollar was lost.
Any answer to that question would be nothing more than a guess.
That took both guts and class.
From what I've seen so far, that might be the best option.
One little problem. Whom would you sue?
Probably not.
That's exactly what it's looking like and, if that's the case, it could take forever to unwind this mess. I suspect there will be one dead end after another for the authorities to chase around. It doesn't even appear as though anyone has ever seen or even spoken directly with a human being associated with the "company".
LOL...you do go on, don't you? Of course, with gobbledigook like these updates, it's hard to make a simple point and move on to greener pastures.
Let's try this...
"This contemplated action was addressed with the SEC naming the expected counsel, specializing in matters of this nature." Maybe they meant to place a comma after "SEC". Such a thing might lead one to believe that the company identified the special counsel who would represent them during the upcoming proceedings. They really meant to say "The SEC told us to lawyer up and we told them who our counselor would be".
Of course, if the SEC was really on the ball, they'd recommend my uncle Julius who is a great real estate attorney but dumber than a monkey when it come to securities law.
"Theoretically, at least, there are two issues that might relate to "recent trading in the Company’s common stock".....the contention of the company regarding "illegal naked short positions" and whatever the SEC might deem fit to investigate under the umbrella of "accuracy and adequacy of publicly disseminated information concerning, among other things," etc."
I'm gonna go with the "accuracy and adequacy" thing as the topic of any and all discussions with the SEC. And there is no situation that would call for the SEC naming the expected counsel for for the company. That's a nonstarter for a trial, hearing or even a deposition.
You're probably right, but that's not the issue that turns me into a raving lunatic like this naked short thing does.
LOL...didn't mean to hurt your eyes but it was the best non-word I could come up with on "short" notice. We will, indeed, see the results of the SEC investigation.
In the meantime, the "short" answer to my question would be "no, grongron, I can't do it, but I still believe it to be true.", right?
I can show you vettable third party evidence that your favorite argument holds no water.
Can you show me any vettable third party evidence to the contrary?
"Directly associated with the SEC investigation and consistent with the Company’s beliefs, the
Company has initiated discussions to recruit experienced special counsel to review recent trading in
the Company’s common stock. This contemplated action was addressed with the SEC naming the
expected counsel, specializing in matters of this nature. Counsel will review, use its own offices and
compile a report on all trading activity and prepare a report with its conclusion for submission to the
SEC. Such special counsel is expected to be engaged in the next few weeks."
Why didn't they just say...
"It looks like charges are coming down the road and we've got our butts in a major sling, so we're in the process of getting all lawyered up good and proper for the oncoming firestorm."
Dolphin...you needn't take the word of anyone in this forum. Go to the Bloomberg website and call or e-mail the author of the article about Prokhorov's denial. I think you would agree that Bloomberg would have no horse in this race and would be considered a disinterested party. Talk to the man
I'm all ears here...could you please explain how you make a 20 bagger on a short?
“We are also in the dark about this company,” he said.
And this from the outfit that accepted 4 million shares to "raise investor awareness"? I wonder if they used that as part of their disclaimer? What a hoot!
Either that, or Talley got on the phone and demanded that they distance him from this mess.
No sweat...
That was a comment by the poster, not a part of the e-mail sent by Greg.
Others might argue that defending rumors or lies might tend to mitigate the bloodbath that's likely to occur here Monday morning.
Don't you find it odd that nothing in that e-mail takes a stab at refuting any of the claims made here?
That's a class act. Nice.
Unfortunately, this entire FLD ruse is costing a lot of innocent people a lot of money. And companies like CDIV who spew forth bogus PR's about bogus short positions make things even worse.
Yes, the float is totally locked. The very same way it is on every single stock in every single universe.
"Only 3,750,493 shares until every share of CDIV is held."
LoneGrey, please stop. By definition, every single share in the float is "held".
"Why on earth would you add the NOBO total to the DTCC total?"
Perhaps because the goal is to confuse, obfuscate and mislead?
The information is inaccurate, misleading and, quite possibly, criminal. And I suspect the SEC either knows about it or will know in the very near future.
That PR is a perfect example of false and/or misleading information fed to investors by a company that either knows it's misleading or should know it's misleading.
Here's the rest of it.
"Management at Cascadia stated that this discrepancy may represent a significant naked short position in the company's publicly held stock. The company will consider all its available options prior to implementing a strategy which could remedy this discrepancy and reduce the short positions."
Somebody give these idiots a call and tell them that the easiest way to remedy the discrepancy would be to acquire all the information they need to make this claim, rather than just bits and pieces.
Wasn't that Hasher??? Not sure.
And that's the reason grey tier stocks are impossible to trade. Why would any market maker waste his time chasing around to fill matched orders when he has the rest of the equity universe to play in?
The post I responded to suggested that the sellers were fearful. I was just suggesting that the "fearless" buyers had the same opportunity to route their orders through NITE, improving the likelihood of finding a match.