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There are many people who are selling the stock right now for many reasons. The small sale like 1m or less is probably individuals selling their stock. It could be flippers and traders.
Regarding the large blocks at the end, which are the ones that make up the majority of the volume, it can only be 2 people: Doug or RME. Doug average is much higher than this price, so it may not be him. RME has the high probability of selling those shares to BMAS, they arranged it somehow-that I have no idea. No short is gonna short at the EOD just for kicks. Please remember that they can pick and choose what shares they want to sell. If the December 07 shares are really unrestricted then they already sold it at a good price, which i have no problem of.
The only player i can think of wanting to keep the price low is SPNG, since then they can buy those RME shares that they sold at cheaper price. They can't go on like this forever because the 10k will show everything and will be audited. If they don't show that they have a certain number of shares for RME, the auditors will see it. And then there are Doug and Nick who will are really pissed because of the pressure in their groups who will go after SPNG. Remember that none of this is scamming or fraudulent. The company has all the reason to sell stock, they needed the funding. Now that they have the money (5m from Dubai on Dec 15), and probably more from Viacom, they are buying those shares back. There will be people who can't take this crap anymore and budge.
If there is actually a buyout in place, then the buyer may want spng to keep the price low so he can acquire shares cheaper. It maybe part of the deal that the buyer has with spng to acquire the company.
Remember, all of these things are speculation. It's not fact. I just can't think the shorts just short more because they have to short. Nobody wants to dig themselves a bigger hole because he can't get out. It really is delusional.
It worth less now, not in the future. They hold personal stock for how many? 25m for 3 of them, their friends and family probably already covered. It's not a lot, and if they have a really good business then they have nothing to worry about. Share price will go up eventually. Why do I think that they will let the stock rise? Cuz if they don't, Doug and Nick will be on their ass. I know Nick definitely will.
I never said the short sellers are Germans. For a period of time, SPNG thought getting listed on Frankfurt exchange will give them access to more funding, but they closed it after they found out there were shorting going on over there since it's a foreign exchange so it doesn't get a lot of scrutiny like in the U.S. Hence SPNG was on the REG SHO list until Sep 15th, which was when they finally got delisted from the Frankfurt stock exchange. So I said there are probably NSS, but not 500m like someone dream it to be. No one is that dumb, they only naked short a stock if they know for sure that the company is going to the toilet, no one is gonna short a stock if there is great uncertainty about the probability of company failure.
Oh, the NSS is stuck so now they have to short more in hope that the company will fail? You guys are saying like they have no other way but to short more. They can buy it from the open market. Aside from Doug, people will have tons of shares to sell to them. Nick would have around 30m to sell, and if it's at 3c, he made 300G. My groups would have 7m to sell them, everyone has average around 2.5-2.8. And I think a lot of people would sell when it's at 3c. Heck, i will sell if it hits 2.3, but it never does.
You can keep dreaming about corner short sellers and dreaming it to be another VW. Porsche didn't do through normal means alone, they did it through all kinds of tactics involving future contracts and options, hence the short sellers have no idea until the plan is unveiled. BMAS's buying is apparent as day, even a guy like me can find out, do you think a short won't notice?
Again, You are assuming right now they are selling. Im saying they sold in small bits mostly during Sep to Dec. I know who is BMAS, im the one that told everyone who BMAS is. Soapy probably knew before I did.
They don't risk anything right now, maybe in the past when they issued those shares because they didn't know if the business would succeed. You don't know what price RME sells those shares. The shares with high price are still restricted (mostly those from April to August 2008 with average around .025-.03), the shares from 2007 average price is .014. The shares in January 08 is .013. Discount in restricted shares are normal, and taking a lot of risk for one year i think is justified for that discount.
About the selling shares to themselves part. Do you think it's only them that are buying shares right now? There are my friends, Doug, Nick. Doug and Nick are buying everyday to lower their cost average, and they have the money for it. I don't care if they sold those shares for business purpose, I wouldn't even be angry nor I think anyone would if they bring back revenue and contracts. What pissed a lot of people off is that they are not being up front about it.
That's not screwing with us, you won't get screwed if you don't sell. But they ain't angels either, giving money for free of interest is the biggest fairy tale i have ever heard. They got money from a bank that RME has the credit line with, do you think that bank won't charge them interest? And working for free for 2 years? Yeah, another fairy tale. Everything I said of course is speculation, but it's not like assuming they are scaming us, everything they do is probably shady and gray, but it's not that far from ordinary human nature.
As long as they buy all of those shares back, and once they finish, they let pps rise, then no one gonna even care what happens in the past.
Plus, I never said they are selling it right now, they sold it during sep-dec. They have a plan to deal with NSS for sure, but don't expect like 500m NSS, no one is that stupid. None of what they are doing is illegal, shady maybe. But if those selling brings back good revenue and contracts then i forgive them for it.
How do you can even say that they got it for cheaper if they sold those shares in the open market? You don't know when they sell those shares, not everyday at the same price.
Otherwise how do you explain after 131m shares being bought back and the float is still 220m while the RME shares reduced significantly to 510m although there is only 300m RME being forgiven? That's only 510+300=810m, while the total number of shares they issued to RME up to November is already 900m, not accounting for in Dec 08 which should be another 100-150m issued to RME.
Again, Im not saying these guys are lying to you, nor scamming, but it is selective truth, and you won't be able to sue them for it.
Expect many of those restricted have become unrestricted, hence the increase in the number of float. Rule 144 only restrict those shares for 1 year. Whether they trade those shares or not is up to debate.
Float from the 10k: 53m. You do the number yourselves, im too lazy to post it here.
70m in 2007 become unrestricted
40m in jan 08 become unrestricted
50m they issued to friends and families become unrestricted. Mind you that these are all paid for, maybe for discount price.
around 6m restricted shares they issued for legal and Lafferty services.
So there you go, hence the decrease in RME restricted holding and increase in float. Probably those buying from the float of SPNG through BMAS is just buying those RME shares that become unrestricted.
Weird, Yes? Illegal it isn't.
Again, I don't think Steve has the balls to scam Doug and Nick, these two have the personal resource to go after him. And if there is any wrongdoing, Steve's gonna face a lot of jail time.
Do i think they gonna issue shares again? Probably not, if they have the money they got from those AR account, then there is no need for doing that.
Why the share price is low right now? Probably thats easier for them to buy the shares back. So there is probably manipulation. Do I believe there is NSS? Probably, but not 500m or even 300 or 200m. around 50-100 max through the German exchange, but it has been closed.
there's nothing indicating on the daily volume that it is traded like a billion shares. It's all over the place, sometimes it's 5m-6m, sometimes it's 12m, sometimes it's 20m. The last couple days were affected by those 10-11m form T.
how many times do you see the next trading session start with that AH price? None.
but it doesn't affect the pps, plain and simple, we are red today.
yeah it was down 6.18%. AH doesn't count.
i don't have premium feature, cant pm you, give me your email.
believe what you want, if you think there is an NSS right now at this price, you are very welcome to believe so.
none of it means jack until they file an 8k
actually the question about their customers oversea is legit.
he won't be able to get those numbers, this time, I actually agree with him.
Well if you can't sue these guys legally, there are so many crazy shareholders in this stock that I think they will do something stupid by themselves.
sure they can flood the market legally like that, but stock manipulation isn't legal. If they truly use 2 different MMs to move the stock price up when they want to entice people to buy, then using a different MMs to dump the shares while they are at it is pure manipulation, and this is not legal. If people are fed up, and decide to launch a shareholder lawsuit, Im sure there will be some wrongdoing these guys can't hide. Let's see, every single phone call with a shareholder, especially the major investor like Nick (Micro) or Doug will get recorded, and if these guys say something that is misleading shareholders, it will at least give the shareholders standing to sue them, whether successfully or not. And im telling you, Nick and Doug both have the money to go after these guys if they want to.
yeah authorized buddy, preferred share is not issued, lol.
you have to open an investigation for verification, we ain't getting one ourselves.
if they keep doing this then there will be people who will take them to court.
Because the licensee don't get to say anything about it. They may have some agreement about not getting too much into each other business but no licensing agreement gonna stop the licensor from producing their own line of product. Before you don't have any pie, now i give you a piece of a pie like everyone else including me, you gonna complain about it? How about you go develop the technology yourself? Plus that thing they sell is way over in China, competition won't be big unless we get big, and i don't think it happens anytime soon. And the last thing i care about right now is Dicon selling the same stuff as sponge.
because dicon doesn't care, dont you get it? If they can get more sales out the door like that, they don't give a crap. When a market is big enough then competition doesn't have to take place. For example, ill tell you, in the computer chip or dram business, 40% of the dram supply in this world is supplied by Samsung, and Quimonda, they make it, ship it to different RAM manufacturers, like Kingston, OCZ, and even the cheap stuff that Dell and HP put in your PCs, to put those dram into their own products. Samsung also has its own line of ram, they still compete. But then samsung doesn't have to go around and advertise about that shit, they got nice royalty fee from all these manufacturers. Same thing with Sony, they developed Blu Ray, and now they got royalty fee, no competition. Do they make their own Blu Ray Disc? Yes, with high premium markup because of the brand, but all those cd makers who want to sell Blu Ray have to pay a nice licensing check to sony. Sony core business isn't blu ray so there is no point in keeping it for themselves and manufacturing it. The market is too large (billions of CDs and Blu ray are made every year) for Sony to even get to everyone.
meh, spng is licensing that car wash thing in the beginning, we all know this. The difference is their puddle pals and pet sponge and some other products. Licensing deal happens all the time in business dude, like Samsung makes the LCD screen for Dell and then dell just rebrands it. Samsung still sells LCD, and Dell still sells the same shit with some custom tweaking. As long as they have an agreement then they don't have any violation.
just a subsidiary, they call themselves dicon tech pacific after all. Like Microsoft Asia, or HP China.
maybe people won't be able to get them legally, since it's pretty gray, but trust me, there are people who you really don't want to mess with their money. It's stupid to screw around with other people's money. Sure, based on what we know, we won't be able to take this stuff to court, but who knows what these guys promise major investors like Doug or Micro. I think if you gonna play with other people's money, you better have a small force of security guard.
it doesn't work that way buddy. You have to tender offer even the naked short shares, if there is such a thing. After that, you can go and deal with the brokers. Call SEC and they will tell you the exact same thing.
lol, there are tons of way to make it appear there are volume.
now this sounds more plausible than the continuing nss right now, there might be in the past, not right now.
the 4500 shareholders stuff is old, tons of people sold already.
I dont think you have the money for it.
meh, i don't bitch and moan about that. I just think it's bad for us already, stop bringing other people in based on a unproven theory.
the point is, how the hell do you know if someone is a REAL stockholder or not? We have nothing to gauge on, so instead of knowing when to sell, you're trying to prove something is unprovable by your capacity? You can choose it to be close to the figure or not, it's entirely up to you. If the share count makes you believe in NSS once more and make you happy, then good for you. Others will have other courses to follow.
I owned 10m shares, add it into the count.
Pssft, I actually only owned 1.1m shares.
See the problem there? The share count can be anything. Waste of time.
nah, maybe a complete nutjob will think it's 6 months. Soon in everyone book ranges from less than 2 months to a day.
Nah that's not what he meant. Steve can get this pps go up to 3 cents if he wants, by changing the bid through BMAS. Of course through doing that, he's gonna have to buy massive number of shares.
fact or not depends on Steve Moskowitz. Soap only says what he gets from the company.
and I suppose you are right Ov...? Considered yourself warned.
stop posting stuff like start paying $500 for DTCC sheets, you're not gonna get it even if you do pay.
Ok, you are turning into one of those people who like to do a rally of shares all day long, which i don't know why. Go drink a beer, watch a movies, play golf or some kinds of sport. Im sitting here while doing my work. The NSS story doesn't fly that well anymore, there maybe some, but it isn't 300m or whatever like some claim.
if you want to waste your time then go ahead, you will find out nothing about the share structure. If the company is not honest, then just because you find out there are more holding out there than the float, it doesn't mean that there are naked shorting. If the company is really honest, then it doesn't matter if you find out there is naked shorting, because you cannot do a thing about it.
I know michael mike is one of those people who do the reviews. It's exactly because there are only 4 reviews that i said only crazy investors do that.