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ROFL - that is so New Jersey.
I presumed the newhire announcement was about that.
It does seems to me it would be difficult for any alternative energy company to fail in this climate: http://edition.cnn.com/2011/WORLD/asiapcf/03/28/japan.nuclear.plutonium/?hpt=T2
Speaking of which, does anyone know of any publicly traded companies that do phytoremediation?
Because during the CEO's interview last week for General Cannabis on MSNBC there was an error. PCIO's company name; "Marijuana Inc" was displayed instead of General Cannabis' name through the entire interview.
If Perlowin was going to be in charge I would agree with you.
However, the name is worth something. It may well be the only asset they have of any value.
It does seem abundantly clear that I'm not the only one Perlowin royally PO'd.
What on earth gives you that idea?
You talking about CPOW? What about the others?
Looking over my notes for CPOW, I have 15 Apr 11 as the deadline for the Chonqing deal.
11 Feb 11 was the date they were to "provide compliance with foreign ownership law"
Those dates are from the 25 Jan 11 8K.
Try this: http://www.bcsc.bc.ca/Search/Results.asp?s=clean%20power
You have to use the advanced search and search on "clean power", not the symbol.
The one you found was the "cease" order, which was revoked. On the same day the cease was revoked a "halt" (not the same thing) was ordered on 2011-01-19: http://www.bcsc.bc.ca/comdoc.nsf/allbyunid/9f93eafe6fb06d438825781e000504c9?opendocument
These "halts" automatically expire after 3 days, whereas a "cease" stays in effect until it is revoked.
On 2011-01-24 a 2nd "Halt" was issued: http://www.bcsc.bc.ca/comdoc.nsf/allbyunid/7dfabf3d124ba93b8825782300053da6?opendocument
"The Executive Director considers that circumstances exist or are about to occur that could result in other than an orderly trading of Clean Power’s securities."
It says nothing about shorts.
Notice the cease trade you found on the 14th is NOT listed in this search. Why they make it so difficult, I don't know.
Odd that they failed to note that their promotions resulted in the stock trading lower than it did before their spike.
It appears to me Sherner is listed as a reference.
I think this is probably part of the reason Lebed jumped on it...
The only reason for splitting a stock that's trading for less than $5 is to avoid having to meet the reporting requirements of an exchange.
Is there any other?
I already stated my "dd" on the halt orders.
I went to the BCSC site and looked them up.
Admittedly that's a bit old-fashioned, but I'm not blessed with a personal oracle to tell me everything is the shorts' fault.
it's not listed as "CMSI" on the frankfurt exchange, search on "cannabis medical"
BTW Durand:
Just look up the other companies her and her husband have been involved in. They never amounted to anything. But that didn't stop them from dumping millions of shares while promising the moon. You have a double whammy here. You have the Friedman scammers and the address in the CMSI filings is Leonard Gotshalk's house. He's a convicted felon who's already admitted to committing securities fraud in the past and he was recently arrested again for stock fraud along with his son Kyle. Cherish Adams is his daughter and has already started dumping here. CMSI will be triple zeros within a few months.
That's nice but I don't see that it has anything to do with gildersleeve's point.
So, what does your "DD" tell you about the halt orders? All three of them?
So even if someone is brashly fabricating their so-called 'information', we don't get to call them on it?
And if anyone does, it is the whistleblower that will be banned?
I guess there's no point in keeping score of who makes reliable observations and who spins them out of their fantasies.
And what is the reason for the halt orders on the British Columbia Stock Exchange's site?
I noticed a pop-in-the-making and looked for news and found the item.
And came here thinking i'd post it if nobody else had. I then decided to reply "fasten your seat belts".
Then I read it and decided it wasn't "fasten your seat belts" news.
Nobody here noticed their annual report came out Wednesday?
For the year ending 31 Dec 2010: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=46281
day / month / year IS the English language format in Europe.
Tell you what dude, you go look at the dates for the news items on this page: http://deutsche-boerse.com/dbag/dispatch/en/kir/gdb_navigation/home
Tell me what the format is.
Why do I waste my time? You people aren't interested in facts.
Why would anybody (except the DEA) put money in such a company?
"It would put much tighter regulations on how patients can receive the drug, on who can grow it and how it is sold."
That one sentence pretty much outlines CSMI business model.
How can you put the agency that is in charge of making decisions on the classification of illegal drugs, also responsible for executing the existing laws governing those same substances?? It's as ass backwards as it gets IMO.
From 1960 to 1980, prescription drug sales were fairly steady as a percent of the U.S. gross domestic product, but from 1980 to 2000, they tripled. Sales now stand between $200 billion to $300 billion a year.
The top ten drug companies (which included European companies) had profits of nearly 25 percent of sales in 1990.
In 2001, the ten American drug companies in the Fortune 500 list ranked far above all other American industries in average net return, whether as a percentage of sales (18.5 percent), of assets (16.3 percent), or of shareholders’ equity (33.2 percent). These are astonishing margins. For comparison, the median net return for all other industries in the Fortune 500 was only 3.3 percent of sales. The most startling fact about 2002 is that the combined profits for the ten drug companies in the Fortune 500 ($35.9 billion) were more than the profits for all the other 490 businesses put together (33.7 billion).
Let me emphasize this again. The combined profits of the ten largest US drug companies reaches 35.9 billion – a sum higher than the combined profits for all other 490 corporations on the Fortune 500 List!
which in europe is day / month / year.
Bid $0.05, Ask $0.05 - WTF is that?
10 MMs with bids of $.07 this morning at open. Don't think I've ever seen 10 MMs line up on the same bid before.
Just clarifying, the 2 halt trade orders were triggered by the pump and dump "somebody" orchestrated using CPOW's breaking news at the moment, (nothing to do with the company) as "they" have done numerous times with other penny stocks.
There's nothing new about that. It was in the last quarterly report, and probably the one before that.
But after 3 halt trade orders ... probably a good move.
Shouldn't that be done before any press release?
I find it exceedingly odd they would announce the merger is complete and not state how many shares it cost.
And a bit disturbing.
Saith the Frankfurt Stock Exchange:
The following information is intended for investors who are able to thoroughly evaluate and accept the high risks related to an investment in shares issued by this company. This information neither presents an offer to sell nor an invitation to buy or subscribe for shares of this company.
The shares of this company are neither admitted to trading on the Regulated Market nor included in trading on the Regulated Market. At the time of their inclusion, they were not traded at any other domestic or foreign stock exchange, but were tradable at a stock exchange for the first time upon inclusion in the Open Market (Regulated Unofficial Market) at FWB® Frankfurter Wertpapierbörse (the Frankfurt Stock Exchange).
Investment decisions based on shares of this company thus bear high risks. Investors must be aware of the high risk connected to the fact that available information on the company may be inexistent or insufficient. Consequently, there is a high risk that the situation and development of the company and subsequently its substance and value cannot be correctly assessed. In addition, Investors must be aware of the fact that the Open Market (Regulated Unofficial Market) at Frankfurt Stock Exchange is not subject to the high Europe-wide transparency standards on EU-regulated markets.
It is not permitted to copy and pass on information on the following internet pages.
To access the desired content, please click on the "I agree" field to confirm that you have read and accepted this legal notice.
I just scanned two quarterly reports, which are the only kind of filings I see for the past couple of years on OTCMarkets, and no where did I see anything about insider holdings, or large shareholders, or any information whatsoever about the share structure, other than it appears they paid for a lot of services with shares - but nowhere is there any mention that any of these shares are restricted.
That really doesn't surprise me, about what I would expect.
Reverse merger:
It sounds interesting that they are saying that HDDC will hold a controlling stake of the shares, yet will be considered a subsidiary of MMI. Not sure if I understand that?
The marketable securities consist of 200,000,000 common shares of Health Sciences (OTC:HESG) which the company earned from consulting services
If they're smart they'll send out a press release tomorrow an hour before the closing bell.
BTW, I don't feel like looking over my notes at the moment, but I have Tax Day stuck in my mind as the deadline for their big deal.
That's a long time by penny-stock standards.
I was looking at the wrong column.
Actually, their net loss increased from $316k to $416k WITH the $379k tax rebate. Before the rebate their net loss was double the previous years.
That could inspire some selling.
As of January 31, 2011 we projected the Company would need additional cash resources to operate during the upcoming 12 months and would raise this capital through private placements of our common shares and advances from our President. The Company intends to attempt to acquire additional operating capital through private equity offerings to the public and existing investors to fund its business plan.
After I made the comment to which this is a response, I realized the report was for the period ending January 31st. There is another message on here stating as much. By the time I realized this, it was too late to edit my 1st message.
Actually, they're showing a net loss of $109k for the 9-months previous, down about 2/3 from their net loss for the 9-months previous a year ago of $364k.
Without the development tax rebate, that means their net loss would be up about 25% from 9-months-previous a year ago.
Then again, this is the report for the period ending 31 Jan 11, so the absence of any mention of the Alabama deal means nothing.
Now I'm trying to remember what they had announced by January 31st, and not doing a very good job of it.
I see the development tax refund almost exactly covers their general and administrative expense, which increased from $116k for the 9-months-previous a year ago, to $379k for the 9-months-previous January.
It does seem to me their cost of sales is very high, but it works out to 76%, which is in line with their declared 28% "core margin".
Looking for any mention of the Alabama deal, and still haven't got to current staff, which would include the alabama ceo if that deal was done, and if it isn't that means it probably fell through, as I anticipated.
Having a positive net income is nothing to sneeze at for this company at this time, or for any development stage company, penny or otherwise. And if this is due to a government subsidy or rebate, all the better as it implies government 'endorsement'.
I still haven't read the report, I suppose I should. I really hate reading legal documents and medical studies, but I read them constantly.
For one thing, I'll want to be sure the numbers tie...
It could. And it could also hover in the current range until the deadlines are definitely past with no news. I'm very pleased with the establishment of strong resistance at about 0.12. On good news that will become the floor.